Plug and Play’s newest innovation platform, based out of Singapore, aims to create a multi-corporate Fintech and Insurtech program, running two 12-week accelerator batches a year. Plug and Play’s program has already announced partnerships with MSIG for Insurtech and with Krung Thai Bank and TVS Credit for Fintech. Their platform also seeks to be the primary innovation hub for financial services in the ASEAN region, centralized through the program in Singapore.
After screening over 200 applicants, the final selection of 24 startups has been accepted into Fintech and Insurtech Singapore, which aims to facilitate pilots, POCs, and business development opportunities between the financial and insurance institutions and startups participating.
“Being in the center of a robust global innovation hub enables us to help build a thriving Fintech and Insurtech ecosystem in Singapore to service the broader Southeast Asia region. The launch of our Fintech and Insurtech program this year with 24 startups sees us bring in both local and international startups, adding more color into the startup ecosystem in Singapore. We hope to continue partnering with leading companies and startups around the region to provide high-quality products and solutions for our corporate partners’ core business and innovation goals,” says Kayvon Deldar, Program Head of Plug and Play Singapore Fintech and Insurtech.
Throughout the duration of the 12-week program, startups will be introduced to Plug and Play’s corporate partners and have the chance to work with their different business units to evaluate pilot projects and investment opportunities with these companies. The EXPO or Demo Day for these startups will be in mid-November, coinciding with the Singapore Fintech Festival. There is no cost for the startups to be in the program and they will remain part of the ecosystem even after graduation.