Startupbootcamp, the global accelerator network, announced Wednesday (March 1) that it is expanding to the Latin American market through the launch of a dedicated FinTech program in Mexico.
According to the company, it already has FinTech programs in London, Amsterdam, New York, Singapore and Mumbai and aims to accelerate Latin American startups by providing them with funding and an avenue to grow via mentoring, providing access to corporate partners and clients and taking advantage of Mexico City as a launchpad. Startupbootcamp said the application process is now open for Latin American startups to take part in the FinTech accelerator program.
Startupbootcamp Fintech Mexico City is a joint venture between Startupbootcamp and Finnovista. The program in Mexico also has the support and involvement of global and regional leaders in financial services, including Visa, Fiinlab powered by Gentera, BanRegio, EY and the international law firm White & Case. Aimed at supporting ten FinTech startups, the three-month program will take the selected startups to the next level through an intensive program that is aimed at enriching their projects. The program will provide $15,000 in funding, direct access to key players in the regional financial services industry, specialized mentoring, free office space in Mexico City and access to a global network of investors and VCs.
The main objective is to help the startups implement a successful strategy and prepare to scale. The program is being led by Fintech experts Nektarios Liolios, co-founder of Startupbootcamp FinTech, Fermín Bueno and Andrés Fontao, both co-founders of Finnovista. Eduardo Morelos, who has a strong track record in startup acceleration, will serve as program director.
To get the word out about the program, the companies will launch a tour between now and May to inform Fintech startups about the program, with events taking place in Buenos Aires, Santiago, Bogotá, Medellín, Quito, Lima, Sao Paulo, Mexico City, Guadalajara and Monterrey, as well as Miami and Madrid.
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