The second edition of the 12-week SuperCharger FinTech Accelerator Programme has begun. Launched at the Securities Commission Malaysia, Bukit Kiara, ten international scale-ups from six countries were announced as part of the cohort for this year’s programme which is the result of an ongoing partnership with Allianz Malaysia and the Malaysia Digital Economy Corporation (MDEC).
With over 200 companies from over 32 countries submitting applications to join the SuperCharger Malaysia 2018, the final 10 companies represent diverse sub-sectors of financial technology such as insurance technology (InsurTech), regulatory technology (RegTech), payments, wealth management, artificial intelligence (AI), and compliance.
The 10 companies will enter a 12-week programme of facilitated business introductions to multiple tier-1 financial organisations where they will undergo open days with several regional banks. SuperCharger’s cohort of companies are supported on their entry to the Malaysian market by organisations such PwC, Shearn Delamore, Ambition, TIME, and the Malaysia Venture Capital Association, all of whom are offering expertise, perks, and mentorship to the founders.
“While there are plenty of programmes that cater for new entrepreneurs to ideate their product, there are very few designed for established entrepreneurs with a track record of success in their domestic market who want to come to replicate that success in Southeast Asia. By not taking any equity in any of the
companies we accelerate we can attract later-stage scale-ups who are looking to soft-land in Asia Pacific, choosing Malaysia as their base of operations for regional expansion. This neutral position allows us to create win-wins for both our cohort, our partners, and the ecosystem as whole,” said Johnny Mayo, General Manager of SuperCharger Malaysia.
“In Allianz Malaysia, we are very excited to be part of the SuperCharger FinTech Accelerator Programme once again. Last year’s finalists brought with them an eclectic mix of big, bright and bold ideas and Allianz had the pleasure of working with two of them, on two very exciting projects. This is proof that the
programme works. This year, we are eager to discover what the 10 international scale-ups have to offer and how Allianz Malaysia can encourage growth and ambition as well as play a role in their overall journey,” said Joseph Gross , Chief Executive Officer of Allianz Life Insurance Malaysia Berhad.
Dato’ Ng Wan Peng , Chief Operating Officer of Malaysia Digital Economy Corporation (MDEC), the lead government agency for driving Malaysia’s digital economy, commented: “MDEC welcomes the second, expanded edition of the SuperCharger FinTech Accelerator Programme, which is aligned to Malaysia’s goal of a vibrant fintech ecosystem. Malaysia is a country positioned with great local talent and its burgeoning fintech ecosystem is attracting international innovation and key players. Initiatives such as SuperCharger’s accelerator programme will further encourage more focused entrepreneurial activities.”
The ten finalists for the 2018 SuperCharger Kuala Lumpur accelerator are MotionsCloud (Germany), Laka (United Kingdom), SalesCandy (Malaysia), Pensieve (India), Perx (Singapore), Prive Technologies (Hong Kong), Heckyl (India), AuditXPRT (United Kingdom), HelloGold (Malaysia) and Curlec (Malaysia).
Collectively, they have raised over USD $25 million to date and boast more than 80 corporate clients between them.
This years cohort will experience an entirely new element to the programme which will see them undertake 10 private open days at leading financial institutions around Kuala Lumpur in the space of just 1 week. Founders will also be put through an ‘Investor Week’ where all 10 companies will meet with and pitch to a number of angel investors and venture capitalists in the Malaysian Venture Capital Association’s network.
The programme will operate out of the DOJO KL co-working space and will culminate in the SuperCharger Demo Day that will be held on the second day of the SCxSC FinTech Conference 2018 the annual conference organised by the Securities Commission Malaysia, which will take place 28 and 29 November 2018.