LifeSREDA.VC Launching Singapore Fintech Accelerator
- Open to fintech seed and series-A stage startups from any country in Asia is LifeSREDA’s new Singapore based fintech accelerator program.
Focusing exclusively on the fintech sector, Moscow based venture firm LifeSREDA has been working on expanding its image globally beyond just investing in firms outside of its geographical borders. This includes the opening of a Singapore office as well as producing a wide reaching fintech report that reviewed 2014 and provided predictions for 2015.
Expanding its presence again, LifeSREDA has announced the launch of a Singapore based fintech Accelerator Accelerator An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he Read this Term, InspirAsia. The program is open to seed and series-A stage startups from any country in Asia. Continuing with where LifeSREDA has garnered expertise with their investments, the program will focus on admitting startups mainly in the mobile Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and online banking sector as well as P2P lending.
The program is open to seed and series-A stage startups from any country in Asia
According to LifeSREDA, the accelerator will accept between 10-20 firms in the 90 day program. Participants will be able to receive investments between $50,000 to $300,000 based on the maturity of the firm, as well as benefitting from free office space and $200,000 in support services.
As part of its efforts to assist accepted firms, LifeSREDA will be presenting a Demo Day for its accelerator within the Money of the Future conference in Singapore, with top startups also invited to participate in Finovate in the US.
For LifeSREDA, the launch of the accelerator comes as they are stepping up their investment initiatives. Beginning with a $40 million fund, the venture firm announced in March that it was raising investments for a new $100 million fund. Previous investments include Fidor Bank, Moven, and Simple.
Focusing exclusively on the fintech sector, Moscow based venture firm LifeSREDA has been working on expanding its image globally beyond just investing in firms outside of its geographical borders. This includes the opening of a Singapore office as well as producing a wide reaching fintech report that reviewed 2014 and provided predictions for 2015.
Expanding its presence again, LifeSREDA has announced the launch of a Singapore based fintech Accelerator Accelerator An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he Read this Term, InspirAsia. The program is open to seed and series-A stage startups from any country in Asia. Continuing with where LifeSREDA has garnered expertise with their investments, the program will focus on admitting startups mainly in the mobile Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and online banking sector as well as P2P lending.
The program is open to seed and series-A stage startups from any country in Asia
According to LifeSREDA, the accelerator will accept between 10-20 firms in the 90 day program. Participants will be able to receive investments between $50,000 to $300,000 based on the maturity of the firm, as well as benefitting from free office space and $200,000 in support services.
As part of its efforts to assist accepted firms, LifeSREDA will be presenting a Demo Day for its accelerator within the Money of the Future conference in Singapore, with top startups also invited to participate in Finovate in the US.
For LifeSREDA, the launch of the accelerator comes as they are stepping up their investment initiatives. Beginning with a $40 million fund, the venture firm announced in March that it was raising investments for a new $100 million fund. Previous investments include Fidor Bank, Moven, and Simple.