5 fintech startups going places after Startupbootcamp

This afternoon, the first cohort of Startupbootcamp Fintech startups graduate from the programme.

From 436 applications, 10 startups were selected and have navigated their way through the 3 month accelerator.

Tech City News has selected its pick of startups from the inaugural graduating class.

investUP

Equity and debt crowdfunding are two rapidly growing sectors, but anyone who has invested through different platforms will know what a pain it can be to monitor all your investments.

investUP brings together crowdfunding services onto one platform so that investors can browse all possible opportunities in one place.

The startup’s goal is to simplify and open up crowdfunding. It is completely free and help users track all of their investments after they have made them.

milliPay

Swiss startup milliPay is hoping to pioneer the online micropayments industry. Once set up, the service can easily process extremely small payments online and on mobile.

milliPay can be used by services to charge minimal amounts on a pay-as-you-go basis.

For example, a new website could easily charge 5p for a user to read an article.

Dutch

Dutch (formerly tab) is a real-time social payment network trying to make paying as a group easier.

Imagine you’re at a restaurant with 5 friends and you are trying to find the easiest way to split the bill; tab can help.

Through tab, users can all sign up with their debit or credit card. One card is then used for the payment, but all the cards are charged their portion.

Creditable

Creditable lets employees borrow money from their employers, instead of going to a different loan provider.

The startup realises that employees often need financial help and that they should be able to get it from people they already have a relationship with.

Creditable comes with tools that help businesses measure real employee outcomes. It measures lending benefits against increased productivity, employee turnover & overall happiness at work.

FriendlyScore

Here’s the problem. You need to borrow money from a bank, but you don’t have a credit history, so they probably won’t lend to you.

FriendlyScore creates credit scorecards based on big data from Facebook to help banks lend to people they might otherwise not be able to.

The founders believe that a Facebook profile is sufficient to assess our personality and think the banks should too.

Featured image courtesy of Startupbootcamp.