The FinLab


FinLab is a joint venture between United Overseas Bank (UOB) and SGInnovate to promote and accelerate fintech startups in Singapore. The program aims to provide start-ups with valuable insights, analytics and a strong infrastructure to propel their businesses to the next level. The accelerator platform runs for 100 days with selected 10 startups. The program offers mentorships, lectures, VC & Business networking opportunities, software licenses, free coworking space at BASH (Build Amazing start-ups Here) in exchange for 6% equity. All selected start-ups into THE FINLAB’s acceleration programme can potentially have UOB as their first client. 

The platform has wide connections in ASEAN, Greater China, Europe and the United States.

Type of engagement:
Main sponsors:
United Overseas Bank (UOB) and SGInnovate
Incentive for startups

1.S$30,000 seed funding upon acceptance, in return for a 6% equity stake.

2. Access to software such as cloud hosting, analytics and other software tools.

3. Free co-working space.

4. Access business networks to build contacts into the region.

5. Access to VC networks to help scale the businesses faster.

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