NXTP Fintech Conference closes with investment announcement from IFC
Buenos Aires, December 2016
NXTP Labs Fintech Conference gathered more than 400 bank industry and financial benchmarks, entrepreneurs and FinTech investors. For the second year in a row, Fintech innovators of Latin America were given the space to share their experience and promote innovation in a full day of keynotes, panels and networking framed the closing of the Fintech Regional Accelerator Program 2016. The conference attracted participants from 8 countries and more than 20 speakers from all over the world in a unique space in which Fintech entrepreneurs, investors and financial institutions were able to exchange ideas and promote innovation.
Some of the top international speakers were Devie Mohan (UK, Top 20 Fintech influencer), Kristen Stone (USA, Coinbase) Jackie Hyland (USA, Silicon Valley Bank), Sheel Mohnot (USA, 500 startups) , Howard Lindzon (USA, Stocktwits, Lindzon Capital) and Johanna G. Posada (Elevar Equity), among others.
Digital Bench, Blockchain, Regtech, Corporate VC, Acceleration Models, Cybersecurity, Lending, Payment Channels, Smart Contracts, Financial Inclusion and other relevant topics and matters were treated among keynotes and panels.
During NXTP Fintech Conference, the International Finance Corporation (IFC, the private sector institution of the World Bank Group) announced that is investing US$3 million in NXTP Labs as part of their Startup Catalyst Initiative, which is aimed at backing accelerators, incubators and seed funds in emerging markets.
Startup Catalyst is a new program of IFC’s Venture Capital group, which is expanding its investment portfolio in emerging markets tech entrepreneurs to spur innovation in the regions that need it the most.
“With the investment in NXTP Labs, we aim to support the early-stage innovation ecosystem in Latin America and help bridge issues of insufficient seed capital, and often, business know-how, ”.said Nikunj Jinsi, Global Head Venture Capital at IFC. “Together with our direct growth equity we aim to build out a continuum so that accelerated businesses can attract additional sources of finance, ” Jinsi added.
The announcement was made at the start of Fintech Conference, which took place on Thursday 15th December at Buenos Aires.
The Pitch Competition held in the event, was the final of the Fintech Regional Accelerator Program where the most remarkable Fintech entrepreneurs from Argentina, Colombia, México and Chile exposed their startups before a jury of experts. First prize was for Seguro AP (Argentina). Uniko Regalos (Mexico) won second prize. Third prize was obtained by Weeshing (Chile) and Cashdelta (Argentina) won collaborative prize.
About NXTP Labs
With operations in Argentina, Chile, Colombia, México and Uruguay, NXTP Labs is the most active fund for tech companies in Latin America. The firm has partnered with teams from more than 15 countries, and has invested in more than 174 companies in just over 5 years of operations. The company adds value to the startups that belong to its portfolio by including them in acceleration programs that generate a fertile ecosystem of innovation and a network that benefits entrepreneurs, investors and mentors. NXTP Labs’ entrepreneur ecosystem also includes industries and verticals such as Advertising, Agribusiness, Bitcoin, Big Data, Cloud, E-Commerce, Education, Finance, Gaming, IoT, Mobile, Security, Social Network, Social Commerce and Video.
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2, 000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org.