July 20, 2017
For the growing startup ecosystem, success can be measured by more than just financial transactions – there has to be a good fit between investors and startups. In addition to capital, entrepreneurs require the correct set of expertise, connections, and support from their investors. An increasingly competitive market makes it difficult to find the right partner, fueling the need for a matchmaker between startups and investors. The Investor Summit – Deal Day is an initiative powered by EY and MEDICI, FinTech’s global knowledge network for collaborative innovation, and will function as a matchmaking platform for startups and investors.
EY is proud to power the Investor Summit – Deal Day and we will do our part to help FinTechs gain access to capital in order to scale and reach their full potential, Liew Nam Soon, EY Managing Partner for ASEAN Financial Services.
The summit will showcase investment-worthy global startups and disruptive technologies to local and global investors and facilitate FinTech funding deals. As part of the Singapore FinTech Festival (SFF) 2017, the Deal Day will bring together the best innovative startups on November 17, 2017, giving investors an opportunity to be part of the FinTech ecosystem. The Deal Day will allow investors to get matched with potential startups with no investment commitment. The matchmaking will ensure the best fit by taking personalized preferences into consideration.
The plethora of benefits offered to participants is strengthened by the fact that the summit will take place in Singapore, which has been continuously recognized among the hottest FinTech hubs around the world. The collective efforts of the vibrant FinTech ecosystem in Singapore, financial watchdogs, VCs and other stakeholders, ensured the leading position of Asian financial center:
Startups vying to be a part of the Deal Day can submit their profile starting July 18 onwards, after which successful applicants chosen through careful evaluation will move to the matchmaking phase.
Startups will be classified into various categories based on criteria required by investors. Unsuccessful applicants will receive an email notification and a special algorithm will be used to facilitate matches between startups and investors.
Further, matched and interested parties will be contacted to reaffirm their interest and meetings will be scheduled in the lead-up to the Deal Day. On the Deal Day, startups will pitch to the matched investors one-to-one. A private reception will be held for those with successful commitments. Detailed information about the procedure for interested investors can be found here.
In the event of a match being deemed unsuitable, another match will be found. More information on the process and the event can be found here.
All global FinTechs looking to set up offices in Singapore are welcome to apply, provided they adhere to the following guidelines:
FinTechs are not to divulge the identities of investor(s) that they have been matched with as a consequence of the Deal Day channel/process.
The closing date for submissions is August 31, 2017. All submissions will receive a notification on the outcome of their applications by September 7, 2017.
As an established global knowledge network for collaborative innovation in the FinTech industry and a recognized thought leader, the MEDICI team strongly encourages startups and investors to take part in a truly unique event held in one of the hottest FinTech hubs globally. Investor Summit – Deal Day offers an unprecedented platform for beneficial partnerships on a truly grand scale.