A total of sixteen teams from seven countries applied for this year’s Rietumu FinTech Challenge. Now the jury has selected the finalists, whose ideas are ranging from B2B SaaS solutions for finance and e-commerce to new ways of processing online payments and simplified P2P money transfers. The finalists will pitch and compete for 5,000€ prize on April 28th and the winner will also pitch at the International E-Commerce Forum eCom21 in November 2015 in Riga.
If you’re interested in fresh fintech solutions – take a look at the seven finalists:
WealthArc is a SaaS solution for independent asset managers with data analysis in the cloud, artificial intelligence and cyber-security.
Swipe offers a new way of processing Visa/Mastercard –payments. The solution allows businesses to invoice their clients and receive payments for products and services online via credit cards – while keeping the existing business bank account.
Zen Fin Tech (Latvia)
Zen Fin Tech is a mobile SaaS solution for online lending companies and for the micro-loan industry. Their service is provided as an additional customer acquisition channel, which is using an affiliate model with fixed commissions.
Mintos is a P2P lending marketplace of asset-backed loans that brings together both consumers seeking affordable loans and investors looking for solid returns. The platform is open for all types of potential investors and the minimum sum one may invest is as low as 10 euros.
Wizard Finance is a digital solution that simplifies the delivery of receipts from sales to the accountant.
Monetizator offers a P2P micro payment application Monea that enables transferring money to your phone contacts directly from your bank account within one minute.
EComCharge offers a service BePaid that helps anyone, from big merchants to individuals, to accept card payments via the Internet. The system is equally well compatible with desktop and mobile devices, it has an API and it promises convenient integration to developers. Alternatively, BePaid also provides help with integration to companies without developers.
Rietumu FinTech Challenge is organized by TechHub Riga.