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The subsidiary in Mexico of the global bank HSBC and IGNIA, a leading venture capital fund in Mexico, commit to regional FinTech innovation through a partnership with Startupbootcamp FinTech program in Latin America.
Mexico City, September 14th, 2017 – Startupbootcamp FinTech Mexico, the leading global accelerator focused on financial services innovation, announces two new collaborations: the Mexican subsidiary of HSBC and a leading venture capital fund in Mexico, IGNIA. Startupbootcamp FinTech Mexico City is a joint venture between Startupbootcamp and Finnovista – the leading champion of FinTech innovation in Latin America – and is the first program of its kind in Latin America, addressing the needs of the region.
The involvement of both organizations endorses their commitment to innovate and disrupt financial services across Latin America. HSBC Mexico has joined the program as a corporate partner and IGNIA as an investment partner for the startups in the program.
HSBC Mexico and IGNIA will enhance the program’s corporate support, joining Visa, Fiinlab powered by Gentera, BanRegio, EY México and White & Case.
“We are very excited to welcome HSBC Mexico and IGNIA onto the program. The collaboration with HSBC Mexico will bring expertise to the entrepreneurs in creating global financial solutions, and by working with IGNIA, the startups will gain support on growing their businesses. Having these two organizations join us, in addition to our five previous partners and our global network, is a step forward in turning our startups into regional financial leaders.”, says Eduardo Morelos, Program Director of Startupbootcamp FinTech Mexico City.
“We truly believe that the collaboration of HSBC Mexico with entrepreneurial talent in the Fintech ecosystem will promote the development of innovative solutions, thus benefiting our end consumers and provide them with financial services and products that improve both access and user experience,” says Juan Carlos Espinosa, Director Digital Strategy and Innovation of HSBC Mexico.
“In Mexico, we see a huge opportunity within the financial services space which can be leveraged through FinTech startups, and we think both Finnovista and Startupbootcamp FinTech have positioned themselves as leading organizations in driving the Fintech ecosystem forward”, says Álvaro Rodríguez, Co-Founder and Managing Partner of IGNIA.
Initially, the first generation of Startupbootcamp FinTech Mexico City was made up of nine startups: Dapp, Dile, Dinerio, Flink, Friendly Transfer, Mensajea, PayIt, Tesseract and Übank. Just before the program began, two startups were added: Bdeo, a Spanish solution that offers a new standard of expertise based on real-time connection between all actors involved in a disaster, and Konsigue the first Mexican crowd-factoring platform.
These last projects contribute two further areas of focus to the program: technology in the insurance industry and crowdfunding.
The 11 startups come from from two continents and five countries, and since July 17th until October 12th co-habit at Finnovista Loft, the FinTech entrepreneurship center in Mexico City managed by Finnovista. This space aims to promote the city as a global FinTech hub.
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