Startup Competition Guide

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Startup competitions with largest cash prize in Fintech

They include Global Fintech Challenge, BBVA Open Talent 2017 and Fincluders Startup Challenge

Innovation series by Steven Loeb
November 8, 2017
Short URL: http://vator.tv/n/4a7d

If you're a startup seeking opportunities to get funded, educated or connected, startup competitions are a great resource.

Vator has been holding its own competitions, using VatorX, to find and filter for the best startups. We've had some very successful and notable winners in the past that have gone on to raise big funding rounds including Thumbtack, DogVacay, Pokitdok, Grovo, Udemy and Apartment List, to name a few.

Anyone can list their program as VatorX is one of the most comprehensive listing guides to startup competitions, challenges, accelerators and programs. Click here to list your program!

As part of our weekly series, we'll look at top competitions with big cash prizes, as well as competitions that have teed up the most promising startups, to finding popular startup competitions you need to know about. 

Here are some of the startup competitions that have the largest cash prize in Fintech:

 

Global Fintech Challenge

Description: "The Global Fintech Challenge gathers the innovative FinTech ecosystem around a challenge to think about major concerns this phenomenon has involved. The ultimate goal is to build strong business relationships between key actors of this movement."

Prize: The total value of the prizes on offer is nearly €50,000

Previous winners: Dream Payments, EFL Global, Finansync, NanobiData & Analytics

 

Description: "The world’s biggest fintech challenge for startups, which this year has grown significantly. A truly global hunt for the best of the best in the world of fintech and digital banking."

Prize€30,000, Immersion Week at BBVA headquarters in Madrid and participating in BBVA Global Summit. 

Previous winners: SnapSwap, Everledger, Origin Markets

 

Description: "The fintech startups you need to watch in 2017"

Prize£10,000 prize, a press package that includes media introductions and training, top policy and legal advice from Hogan Lovells, one year’s complimentary membership to Innovate Finance and two complimentary tickets to the 2018 Innovate Finance Global Summit

Previous winners: GuardSquare 

 

Description: "FinCon is a peer conference for the financial media community. Attendees connect, learn to create compelling online content, and discover new trends in money and personal finance."

Prize: In 2016, the prizes included $4,000 cash, a 10’x8′ exhibit space at #FinCon17, and a review on PTMoney.com.

Previous winners: Kavout, FamZoo, TickerTags

 

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Description: "The Innotribe Startup Challenge selects the most impressive fintech startups for a unique networking opportunity with banks and VCs during 2 regional showcases in emerging FinTech ecosystems."

Prize: A 10,000 EUR cash prize and tickets to attend Sibos, the world’s premier financial services event.

Previous winners: AdviceGames, Aflore, Beyonic, CoinSimple, EKO, Gatecoin, LendingRobot, Payfirma

Description: "Startup Pitch at Money20/20 is the FinTech ecosystem's most exclusive startup challenge, bringing together compelling startups in AI, wealth management, biometrics, payments and more."

Prize: $40,000 grand cash prize

Previous winners: Steady

 

Description: "The Fincluders Startup Challenge promotes and showcases innovative fintech startups that bolster financial inclusion and bring better, fairer and more inclusive financial services to small businesses and retail customers."

Prize

  • Cash prizes of up to USD 15,000
  • The chance to present on stage in front of an audience of investors, financial institutions, regulators and development finance specialists
  • Mentoring sessions on May 3 delivered by qualified experts in the area of financial services and technology
  • Accommodation and travel costs to and from Amman fully covered

Previous winners: AgroCenta, liwwa, Democrance

 

Description: "There’s a step change coming in how small businesses make financial decisions. Better use of technology and data can transform how small businesses access credit, manage cashflow and generate business insights. The Open Up Challenge, a prize by Nesta, has backed 20 teams building apps and services at the forefront of this change. Explore the future of small business banking."

Prize

  • Each of our 20 Stage 1 participants has received a £50k up-front development grant, and are competing to share in a £1m reward pot if they’re one of up to ten successful Stage 1 prize winners.

Previous winners: None yet

 

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Description: "Formed in 2016, the Industry Challenge programme was developed by Innotribe to bring together SWIFT Member Institutions, FinTech companies and SWIFT internal teams to address the obstacles and opportunities facing the industry. The idea behind the programme is to identify and validate emerging, utility-based solutions to problems faced by SWIFT’s member organisations. The programme then brings together an integral mix of experts, stakeholders and innovators to explore new solutions and develop proof of concepts together. Innotribe’s objective is for this highly collaborative process to reveal solutions that are original, scalable and ready for immediate piloting."

Prize: SWIFT will provide funding of up to 200,000 EUR for the two winning FinTech finalists of an Industry Challenge. The FinTech winners will work with banks on collaborative innovation concepts that solve additional industry challenges in cross-border payments on top of SWIFT gpi.

Previous winners: AccessPay,Assembly Payments

 

Description: "LEND360 announces LendingTree, the nation's leading online loan marketplace, will award a $10,000 prize to the winner of the LEND360 Startup Innovators Program, an on-site competition where fintech startups will present cutting-edge solutions that are propelling the online lending ecosystem forward."

Prize: $10,000 prize

Previous winners: Not specified

 

Singapore FinTech Festival

Description: "The FinTech Awards (comprising the MAS FinTech Awards and ABS Global FinTech Award) recognise innovative financial technology solutions that have been implemented/deployed by FinTech companies, financial institutions, and technology companies."

Prize:

  • Up to S$1M for MAS FinTech Awards
  • S$150k for ABS Global FinTech Awards

Previous winners: Not specified


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