Three Crypto Startups Accepted onto Singapore's FinTech Accelerator

(@yessi_kbello) | Published on May 18, 2015 at 11:37 BST
News in Brief

Three crypto startups have been selected to join Startupbootcamp (SBC), Singapore's FinTech accelerator program.

Decentralised peer-to-peer marketplace DeBuNe; blockchain equity issuer Otonomos; and bitcoin wallet provider Cryptosigma will join seven other startups in the three-month programme.

SBC will give each of the participating startups approximately $18,000 in funding, free office space, mentorship and access to a network of angel investors and global venture capitalists such as DBS Bank, Mastercard and Route 66 Ventures in return for 8% in equity.

The Southeast Asian state, a global financial hub, is seemingly embracing digital currency startups.

In January, Singapore's government sponsored CoinPip, a bitcoin startup, to represent the country at the annual South by Southwest (SXSW) cultural and conference festival which takes place in the US in March.

Singapore image via Shutterstock.

FinTechSingapore

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