InspirAsia Accelerator

About

First InspirAsia’s acceleration program, started at 1st of September 2015, was aimed to explore synergy opportunities between Life.SREDA’s portfolio companies in Asia: Mobikon, SoftPay, Fastacash, WishFinance, Lenddo, Posseple, Yolopay and Ayannah. The positive outcome has gotten in different areas: joint sales and distribution strategies on different markets, bundling and cross-selling of fintech products, R&D and HR alliances.

Support

Life.SREDA provides startups with support in developing strategy and vision, assistance in efficient business modelling, enhance the products to global standards, assist in the global market expansion, help with tech, business, financial and VC partners from global network.

Also we provide free work space for fintech oriented startups in our co-working space.

First Batch of accelerated startups

Softpay Vietnam

Softpay’s mPOS solution enables businesses and individuals to accept credit cards (Visa, MasterCard, JCB, and Amex, China Union Pay), debit cards, bank cards, loyalty cards and all other kinds of card payments anywhere at any time.
Ayannah Philippines

Ayannah is a provider of remittance services. The company focusses on providing basic banking and transactional services to the world’s ‘unbanked, people living in developing countries that lack a bank account and proper banking infrastructure.
Yolopay Singapore

Yolopay is a mobile app that helps you manage money in your household and allows your kids, domestic helper or other dependents to spend money responsibly using HomePay MasterCard Prepaid cards.
Mobikon Singapore

A customer engagement and marketing platform for restaurants.
Fastacash

Fastacash is a global enabler of payments through social networks and messaging platforms, enabling secure and cost-effective transactions domestically and internationally.
Lenddo

Lenddo, world leader in social authentication and scoring technology, uses non-traditional data to provide credit scoring and verification for the emerging middle class.
Wishfinance

Wish Finance is a P2B lending marketplace which brings investors and borrowers together. Wish Finance is created as a scalable platform with a union vision for local financial service infrastructure partners.
Poseple

Poseple is an all-in-one cash register solution. It makes possible to accept all modern payment methods for any merchants.

For startups

Currently we are designing the new program, which we target to launch in the end of 2016, and it will cover some specific most-promising fintech verticals:

blockchain
bank-as-a-service and open API infrastructure
big data and AI
insurtech

but not limited to.

Apply

We offer
Free office space located at Launchpad — the hottest startup area of Singapore;
A well-structured customised 1-6 months intensive training programme;
Mentoring from Life.SREDA VC experts & mentors;
Functional support: legal and financial assistance; development of strategy and vision; business modelling; global market expansion; analytics and research; marketing & PR assistance, including publications at FinTechRanking.com;
Support in implementation of the world’s best agile/scrum practices (also applied in such world-known companies as Google Ventures);
Investor demo at «Money of the Future» conference — annual event organised by Life.SREDA VC, attracting participants from a wide range of companies and over 50 high-profile speakers from FinTech, financial industry, banking, government and research institutes; the conference will be relocated from Moscow to Singapore;
Opportunity to pitch at such global events as Finovate and Money 20/20, as well as participate in Life.SREDA events, hackathons, round tables;
Inspiration tours to the world’s leading companies in terms of corporate culture as Zappos;
Mention in the global annual research report of the Fintech industry «Money of the Future», which is published in English, Chinese, Russian and has 100K+ downloads worldwide.

Admission Policy
The programme is strictly for fintech-related startups only;
Startups with a fine-tuned MVP (minimum viable product) and have gained good traction with some revenues and a sizeable customer base;
Agree to the legal obligation of the programme and incorporate a legal entity in Singapore;
Startups will be solely responsible for own travel and lodging or accommodation expenses during the stay in Singapore.

Graduation & Exit
Startups must complete the 3 month business acceleration programme;
Agree to the investment terms and equity arrangements;
Incorporate a company in Singapore;
Be involved in the final Investor Day to pitch to potential investors;
Be showcased at the Finovate and Money of the Future conference.

Upon graduation, the Startup will be awarded a certification of completion and be invited to join the Life.SREDA and InspirAsia Alumni.

Any startup that breaches the legal conditions of the programme or has been terminated or has exited prematurely will need to compensate Life.SREDA or InspirAsia for ALL expenses incurred during the programme.

We’re always keen to expanding our partnership network. If you wish to join our programme as a partner please proceed to filling the following form.

Send request