Press Release – PayPal Launches Open Call for FinTech Startups as Part of Inaugural Incubation Program in Singapore

9-month program offers FinTech startups exclusive co-working space at PayPal’s Singapore Technology Center and structured learning by industry experts


Thursday, 5 May, Singapore –
Calling all FinTech startups in Singapore – if you are looking to take your business to the next level with the aid of industry experts and resources, this is an opportunity not to be missed. PayPal, a leading global online payments company, is launching its first startup incubation program in Singapore and is organizing a Pitch Fest to select FinTech or technology startups to join its first cycle. The program will offer selected startups numerous opportunities including coaching and mentorship by PayPal executives and various subject matter experts; networking opportunities through PayPal’s network and venture capital connections; as well as a conducive co-working space which promotes collaboration and innovation.

Applications are now open for FinTech or technology startups. Interested eligible startups can apply via https://www.starttank.com/singapore/apply
from now till 25 May, 6pm (SGT).

Shortlisted startups will be invited to a Pitch Fest scheduled to be held on 2 June.

Nurturing the next generation of FinTech startups

PayPal’s 9-month incubation program in Singapore aims to develop and nurture the next generation of FinTech startups. PayPal will provide the selected startups with structured learning conducted by experts in the FinTech industry. The curriculum will cover finance and technology topics such as risk, compliance, core payment network and channel partnering. To complement this, the teams will also gain coaching and mentorship by external subject matter experts and PayPal executives such as Anupam Pahuja, General Manager, Technology for PayPal Asia Pacific, who is also one of the Pitch Fest judges.

Anupam Pahuja, General Manager, Technology, PayPal Asia Pacific. Source: Instagram user @weewu

The program will be housed at an exclusive prime co-working space within PayPal’s Singapore Technology Center located at Suntec City, providing selected startups direct access to industry expertise from PayPal employees, as well as funding opportunities through PayPal’s network and venture capital connections.

Singapore is the second country in Asia Pacific to run PayPal’s incubation program. PayPal’s Technology Center in Chennai, India, has been hosting this program since 2013, with most of its 10 startups receiving funding or obtaining a strategic exit upon graduation from the program.

For more information, visit https://www.starttank.com/singapore/apply/.

See below for the Factsheet on Pitch Fest

[pdf-embedder url=”https://theneodimension.com/wp-content/uploads/2016/05/Paypay-Pitch-Fest-Singapore-Fact-Sheet-2.pdf”]

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