The Rietumu FinTech Challenge reveals the selected startups

It's near - the very first Rietumu FinTech Challenge by TechHub Academy will kick-off on April 28th to offer a one-day mentoring to finance technology startups so they can increase the competitiveness of their products and services in the global market. From 16 applications, received by the Challenge, 7 the most promising teams were selected to join the sessions and likewise fight for the main prize � 5000� from the contest partner Rietumu bank.

The selected startups are:

  • WealthArc (US) � a SaaS solution for independent asset managers with data analysis in the cloud, artificial intelligence and cyber-security.
  • Swipe (Latvia) � a solution that gives businesses an opportunity to invoice clients and receive payments online via Visa/ MasterCard cards for products and services keeping existing business bank account.
  • Zen Fin Tech (Latvia) � a mobile SaaS solution for online lending companies and micro-loan industry.
  • Mintos (Latvia) � a P2P lending marketplace of asset-backed loans that brings together consumers seeking affordable loans and investors looking for solid returns.
  • Wizard.finance (Estonia) � a digital solution that helps you deliver your receipts to your accountant.
  • Monea (Latvia) � a P2P micro payment application that provides money transfers to all your phonebook contacts directly from your bank account into their bank account within one minute.
  • EComCharge (Belarus) � a service that helps to accept card payments via the Internet to any person, from big merchants to individuals.

Among mentors are Roy Vella (Vella Ventures Ltd.), Aigars Macins (Microsoft), Karlis Andersons (Eegloo business lab), Jevgenijs Djugajevs (Rietumu bank), Viesturs Sosars (Real Sound Lab), Jevgenijs Kazanins (Bondora). The final startup pitches will be evaluated by Roy Vella, Renats Lokomets (Rietumu bank), Maris Dagis (Sellfy), Brandon Murphy (Rietumu bank) and Normunds Bergs (SAF tehnika).

In addition, the participants of the Rietumu FinTech Challenge will fight for the 5000� prize, awarded to the best startup by the main partner Rietumu bank. �We, at Rietumu Bank, are sure that the synergy between the traditional banking sector and the FinTech field is huge. We consider our participation in the organisation of the contest to be an important step in the active support of innovations in financial services and e-commerce, as well as new promising projects in general,� Renat Lokomet, Member of the Board of Rietumu bank, says.

The final pitch session is also open for spectators, and information on how you can book a seat can be found by contacting egita.polanska@techhub.com. The number of seats is limited.

Rietumu FinTech Challenge by TechHub Academy is organized by the foundation TechHub Riga, the first and leading IT and tech startup co-working space that daily accommodates more than 30 startups and organizes various tech and startup related events, such as Monthly Meetups, TechChill Baltics conference and TechHub Startup Academy.

Rietumu is the leading private bank in Latvia, specialising in corporate banking and wealth management. Rietumu Bank provides a complete spectrum of modern financial services, including the organisation of businesses of clients in the internet environment. It is the organiser of the biggest international conference in e-commerce in the region, eCom21.

The contest is supported by Microsoft, LatBAN, Labs of Latvia and Latvian Guarantee Agency (the project of �Support for startup education and workshop organization�). Informative partners: kursors.lv and skaties.lv.