Call for European fintechs to take part in Argentinian Accelerator
FinTech hub Red Link by Innsomnia is the first collaborative FinTech accelerator in Argentina.
Red Link, a network that provides financial support to more than 40 banks in Latin America, is now looking for Startups in Europe that can digitalise their services and processes.
The Fintech ecosystem in Argentina has increased by more than 80% in the past 18 months and positions itself as the fourth largest ecosystem in Latin America, shortening distances with the main markets in the region.
Innsomnia, the first fintech & insurtech accelerator in Spain is currently in its fourth edition working with Bankia, a Spanish Bank which is mentoring more than 50 startups, consequently 70% of these go on to have their solutions integrated within the bank.
Innsomnia is now looking to implement the same model in Latin America and Argentina is the first stop of this international fintech program.
The program has a duration of four months, in which the startups selected will travel to Buenos Aires for one week to meet the Red Link innovation team to define the PoC that they will develop.
After this startups can work from their home countries and continue with the mentorship programme online with no need to move to Spain or Argentina.
Innsomnia works on a B2B model, creating connections between big corporates and technological startups. At the same time Innsomnia does not ask for equity from the startups, they are free to have their own private investors.
Red Link is looking for the following startup characteristics:
- Solutions for SMEs
- Customer Relationship
- Algorithmic Trading
- Banking Technology and internal bank management
- Alternative credit scoring
- Predictive models
- Artificial Intelligence – Machine learning (Voice banking – Chatbots)
- WealthTech & Financial Planning
- Financial Education and inclusion
- Robotization and automation of processes
- Efficiency and management savings in internal banking
This programme can provide an opportunity to expand your business internationally and to get your project validated by an international partner.
Red Link fintech hub can be your gateaway to the Latin American market.
More information and applications here.