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Global
Singapore
Programs

13 Startups gain Tenity’s Investment in Singapore’s Fall 2024 Batch VIII Fintech Accelerator Program.

August 30, 2024

--> 13 ambitious early-stage startups have been selected for the pre-seed “Fintech Accelerator Program” by Tenity, with Singapore as its base.

 

--> The cohort shows exciting solutions in ESG, Insurtech, Enterprise AI and Cybersecurity, addressing pain points faced by financial services.

 

--> The startups will receive an initial SGD 70K investment from the Tenity Incubation Fund II and a potential follow-on investment of up to SGD 350K.  

Tenity is pleased to announce the selection of 13 pioneering early-stage startups for Batch VIII from over 100 applicants. This groundbreaking Fall cohort, based at the Tenity Singapore Hub, will receive comprehensive support and mentorship to enhance and scale their groundbreaking startups.

Jun Ho Bae, Investment Director at Tenity shared: “It is a great pleasure to have found these very capable entrepreneurs, and we look forward to building a bright future together, redefining boundaries in financial services and enriching the lives of consumers and businesses through technology.”

Over the next four months, these founders will immerse themselves in an intensive program, split into four masterclass weeks, featuring workshops and events focused on product-market fit, marketing, and fundraising. Participants will benefit from personalized support in the form of training, coaching and mentoring from the Tenity team of seasoned experts as well as access to Tenity's extensive ecosystem, including over 280 alumni, more than 200 mentors, and a network of 170+ investors.

With this vast network, startups can expect a close and insightful guidance on topics such as building relationships with VCs, runway management, working with corporates, international expansion, raising with angels, lean canvas workshops and many fireside chats with alumni from Tenity’s previous incubation batches. The program is strategically designed to ensure that the cohort would be investor-ready at the pinnacle of their four-month journey – a Demo Day held on the 21st of November. The startups will showcase their progress and pitch to an audience of investors, corporate partners, and industry leaders.

Finnley Lee, Tenity Singapore Head of Operations and Delivery commented:
“The strength of our founders lies not just in their innovative ideas but in their deep domain expertise and relentless drive to solve real-world problems. With this cohort, we're backing a group of entrepreneurs who are not only poised to disrupt the fintech landscape but also to build solutions that can scale globally. We’re excited to support their journey and witness their growth as they turn potential into impactful outcomes.”

Meet the 13 startups of Singapore Fintech Accelerator Program Batch 8: 

Aona AI | Australia

Aona AI bridges advanced AI capabilities with robust data security, offering features that monitor, redact, or block sensitive prompts to generative AI tools. The platform provides personalized training and onboarding programs to ensure responsible AI use. With Aona AI, enterprises benefit from strong data security while enhancing productivity.

Cents2Bills| Australia

Cents2Bills is revolutionizing the way people manage their finances by enabling users to effortlessly save for their bills. With its innovative round-up feature, Cents2Bills automatically rounds up everyday purchases to the nearest dollar, allowing users to save small amounts that add up over time. Additionally, users can earn cashback on their everyday spending, which can be directly used to offset their bill payments. This seamless approach to saving helps users build a dedicated fund to pay bills, providing financial peace of mind and making budgeting simpler than ever before.

Circular Unite Pte Ltd | Singapore

Circular Unite helps accelerate companies’ transition to profitable sustainability and improve the cost-effectiveness of their waste and recycling operations. It offers a comprehensive analytics suite for tracking waste streams and refining sustainability initiatives. By utilizing AI-Driven analytics and Co-pilot, Circular Unite enhances waste visibility to maximise recycling rates and minimise disposal cost. Additionally, it features a Waste-to-Resource Marketplace that unlocks value by turning trash into treasure.

Crafty  | Australia

Crafty is developing an AI-driven platform designed to enhance Request for Proposal (RFP) win rates while drastically reducing completion time from 80-100 hours to under five. By streamlining the RFP process, Crafty enables corporations to achieve significant cost savings, reducing the exorbitant expenses associated with traditional RFP practices.

FinCatch | Hong Kong

FinCatch's AI-driven solution democratizes sophisticated financial intelligence, delivering actionable investment insights that would typically require countless hours from human analysts. Leveraging causal reasoning and knowledge graphs, the platform uncovers complex market relationships rapidly, providing investors at all levels with a comprehensive market understanding in minutes.  

InsureCow Tech Pte. Ltd | Bangladesh

InsureCow transforms cattle into digital assets that serve as collateral, enhancing farmers' access to formal finance. Their holistic approach includes advanced farm management tools that help farmers monitor herd health, reduce vet bills, and maintain vaccination records. By boosting farm productivity and providing secure asset management, InsureCow facilitates easier access to formal financing and reliable insurance, empowering farmers to move away from informal financial sources and promote economic resilience in rural communities.

LUNASH | Indonesia

Lunash provides AI-driven debt collection solutions to Indonesian financial institutions, including regional and rural banks, P2P lenders, multi-finance companies, and debt collection agencies. By offering personalized, data-driven insights for each borrower, Lunash empowers businesses to recover debts more effectively while maintaining and strengthening borrower relationships. The company's innovative approach ensures that debt recovery is conducted respectfully and ethically, optimizing recovery rates and operational efficiency.

MoneyPlanned | India

With increasing disposable incomes, the demand for wealth management services is growing rapidly in India. MoneyPlanned is revolutionizing financial advisory with a patented AI-driven platform, trained on data from 160k+ users and financial plans worth more than US$6B, to deliver hyper-personalized product recommendations within minutes.  

PayTring | India

PayTring is revolutionizing digital payments by streamlining Payment Service Provider (PSP) integrations, simplifying reconciliation, and boosting conversion rates. Their unified platform offers businesses a single dashboard and one-click checkout, simplifying payments and improving user experience.

Pype AI | India

Pype AI is like Mixpanel for generative AI applications. It helps engineering teams evaluate and fine-tune AI apps in production while saving 30% of the resources typically needed to manage these applications. Pype AI simplifies the process of creating custom metrics, managing prompt versions, running A/B tests, and provides actionable suggestions that users can implement to make their AI apps more reliable and consistent.

Shieldbase AI | Singapore

Shieldbase is an AI operating system for the enterprise that automates knowledge retrieval, generation, and workflows across systems and databases - enabling teams to adopt AI securely without compromising data privacy.

Trivium | Singapore

Trivium provides infrastructure solutions that enable businesses to easily embed investment products into their applications. They offer modern and user-friendly APIs that allow customers to launch a wide range of investment products efficiently. Their solutions facilitate a quick go-to-market process, create new revenue streams, and enhance customer retention. 

Zavior | Singapore

Zavior leverages AI to assist digital-first businesses in meeting their governance, risk, and compliance (GRC) needs, aligning with both local and international frameworks like ISO/IEC 27001. The platform also assists businesses in complying with regulatory requirements such as the Personal Data Protection Act, streamlining the entire compliance process.

Applications are now open for our Spring 2025 Tenity Fintech Accelerators in Singapore, Zurich, and Tallinn. Don’t miss this opportunity! 

About Tenity:

Tenity is a global fintech incubator and accelerator that supports early-stage startups in developing and scaling innovative solutions. With a focus on nurturing talent and driving growth, Tenity offers a comprehensive program that includes mentorship, financial support, and access to a vast network of industry partners. Established in 2015, Tenity has a proven track record of success and is dedicated to transforming the financial services industry through innovation.

www.tenity.com