The second edition of the 12-week SuperCharger FinTech Accelerator Programme has begun. Launched at the Securities Commission Malaysia, ten international scale-ups from six countries were announced as part of the cohort for this year’s programme
According to Supercharger, this is the result of an on 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 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.
Johnny Mayo, General Manager of SuperCharger Malaysia during the launch,
“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 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. ,”
Dato’ Ng Wan Peng, Chief Operating Officer of Malaysia Digital Economy Corporation (MDEC), 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.”
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.
