Six startups from F10 Singapore’s first fintech accelerator cohort will be ready for market launch after graduating the programme.
Two of those startups namely SynctacticAI and CoverGo will also undergo an accreditation programme by PwC Singapore to vet them for corporate adoption readiness.
SynctacticAI and CoverGo were selected for the accreditation programme based on various criteria such as traction, potential, team composition and focus area. The selection committee consisted of senior leaders from PwC Singapore, F10 and some of its corporate partners.
SynctacticAI provides a data science platform while CoverGo helps insurance businesses overcome their legacy systems to serve their customers better through digital solutions.
The two startups are relatively new to the Singapore market so the accreditation by PwC Singapore will look into four key areas; team talent, financials, business model and compliance.
The other four startups that was a part of the first cohort were Propine, APAIX, Signzy and Couture.ai.
For this and future cohorts, PwC Singapore joins F10 as a strategic partner to co-create the future of financial services in Singapore. F10’s other corporate partners include Swiss Stock Exchange SIX, Bank Julius Baer and R3.
There were also more than 60 mentors in the programme from companies such as Accenture, DBS, Deloitte, HSBC, NETS, Oracle, Standard Chartered, UBS and more.
F10 Singapore’s next accelerator programme will take place in September 2021 and applications will open in April.
“The innovative startups graduating today will be able to approach businesses with the confidence of accreditation from one of the world’s leading consulting and professional services networks,”
said Jonas Thürig, Head of F10 Singapore.
“We have been working with the incumbents and newcomers in accelerating technology advances and digital transformation within the financial services sector.
By working with F10 and supporting these innovative startups in their own personal journeys, we can be part of the ongoing evolution of financial services in Singapore and beyond,”
said Wanyi Wong, Fintech leader at PwC Singapore.
Featured image: F10’s Singapore team