Home / IT / Telecom / Tech/ Stand a chance for Fintech Hackcelerator sponsorship

Stand a chance for Fintech Hackcelerator sponsorship

Comments / {{hitsCtrl.values.hits}} Views / Thursday, 7 June 2018 00:00

Lankan Angel Network (LAN) together with KPMG and BOV Capital-managed Digital Innovation Fund (DIF) is jointly running a program for the first time in order to empower local Fintech startups. 

HATCH, a startup incubation and acceleration platform, will provide acceleration support for the local program. Its aim is to look for local innovative solutions that address problems in the local/regional/global financial services industry. 

Interested Fintech companies can submit a business plan to info@bovcapital.com before midnight on 17 June.

According to KPMG, investments in global Fintech companies were US$31 Billion. The global Fintech industry has tripled in size over the last 10 years, with year-on-year global growth projections for the industry frequently exceeding 25% or more. 

The Fintech landscape include lending, personal finance, payments, consumer banking, retail and institutional investment platforms, insurance, regulatory tech which continue to be disrupted with technologies such as Blockchain, AI and Machine Learning. 

Selected companies from the first round will be mentored to apply for the Global Fintech Hackcelerator in Singapore. They will also get an opportunity to raise funding through BOV Capital’s DIF and LAN. The winner of the local competition will be sponsored to attend Singapore’s largest Fintech festival in 2018. This will be a great opportunity to get exposure in the region.  

“Fintech is a significant area of interest in Sri Lanka and worldwide. Further, we are seeing huge opportunities for growing local Fintech startups across Asia, and beyond. With access to the right resources and networks, there is no limit to what Sri Lankan Fintech companies can achieve in this space,” commented BOV Capital Co-Founder and Lankan Angel Network Founding Board Member Prajeeth Balasubramaniam.

The Digital Innovation Fund, powered by Dialog Axiata, and managed by BOV Capital, is a Rs. 2.3 billion fund investing in sector-agnostic digital startups that disrupt, transform industries, or create new sectors, in fields such as Big Data, AI, etc.   

Lankan Angel Network is Sri Lanka’s largest network of business professionals and experienced entrepreneurs who actively seek and invest in early stage, innovative and scalable ventures. Founded in 2012, with a vision to create an investor network to fund and mentor local entrepreneurs and introduce the Angel Investing concept to Sri Lanka, the network has since grown to become a recognised entity in seed funding raising over Rs. 2 billion in investments in 23 plus startups.

KPMG is a global network of professional firms providing audit, tax and advisory services. KPMG Sri Lanka has been LAN’s knowledge partner since inception and has partnered in events such as the annual Venture Engine program. 

Submit your business plans to info@bovcapital.com before 17 June for the opportunity to accelerate your Fintech start-up.

Share This Article


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Challenges in preserving and promoting Pakistan’s Buddhist past

Saturday, 20 October 2018

The international media has been portraying Pakistan as a hotbed of Islamic fundamentalism, especially after the Americans carried out a surgical strike there to kill international terrorist and fugitive, Osama bin Laden.

Government’s cohabitation stuck in the past or what?

Friday, 19 October 2018

The appointment of career judge Nalin Perera as the new Chief Justice, who has served in the judiciary for over 30 years, provides a snapshot into President Maithripala Sirisena’s thought process, amidst various stories of clashes with his coalitio

Profit before principle: Khashoggi and US-Saudi relations

Friday, 19 October 2018

The mysterious disappearance of a Saudi journalist, Jamal Khashoggi, from inside the Saudi Embassy complex in Turkey on 2 October and an array of circumstantial evidence surrounding his disappearance lead one to suspect that Jamal was possibly abduct

When shame and honour take the hypocritical centre stage

Friday, 19 October 2018

As human beings, we experience a gamut of emotions. These help individuals to express themselves, and authorities to exercise control over entire societies. The most common feelings engendered by our race span a spectrum from guilt and shame to fear.

Columnists More