About Us

The FinLab: Propelling Your FinTech Ideas

The FinLab accelerates the development of FinTech startups changing our world today. Through our deep expertise and broad experience in the financial industry and the venture capital ecosystem, we provide start-ups with valuable insights and a strong infrastructure to propel their businesses to the next level. A joint venture between SGInnovate (SGI) and United Overseas Bank Ltd (UOB), our wide connections in ASEAN, Greater China, Europe and the United States provide our startups an unparalleled access to the most of the world’s markets for growth and expansion.

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Who we are

Our parents

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 offices in 19 countries and territories in Asia Pacific, Western Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. In Asia, UOB operates through its head office in Singapore, but it also has banking subsidiaries in China, Indonesia, Malaysia, Thailand and the Philippines, as well as branches and representative offices in other countries.

SGInnovate (SGI) is wholly owned by the Singapore government, under the purview of the National Research Foundation (NRF) with a focus on enabling the entrepreneurial potential of ambitious men and women based in Singapore who believe they can build a start-up. With an emphasis on science and deep-technology, SGI brings together partners from the private sector, institutes of higher learning, and research organisations as part of Singapore’s broader ecosystem of innovation. Through this ecosystem, SGI connects these aspiring entrepreneurs with support for business-plan development, sources of funding, and go-to-market efforts.

What you can expect

FinTech startups selected into The FinLab’s acceleration programme can look forward to getting:

1. Honest feedback and insights from our mentors to help improve or even pivot your business offering
2. Access business networks to build contacts into the region
3. Access to VC networks to help scale your businesses faster
4. Commitment from The Finlab to continue providing access to key fintech events under The Finlab banner, both during and after the acceleration program
5. Co-working space in BASH, Singapore’s biggest integrated start-up space.

Who we are looking for

Startups with the following criteria would be able to fit well and fully benefit from our programme:

1. Have a business that is less than 3 years old
2. Have a strong and cohesive team
3. Have a Minimal Viable Product (“MVP”) in the following areas:
         Blockchain Applications
         Security & Encryption
         Data Analytics
         Risk & Wealth Management 
         Mobile Banking Solutions
         SME Solutions
4. Looking to strengthen and leverage your business growth – i.e. you already have clients and revenues.

Our value propositions

UOB as a potential client

How will UOB be involved in the acceleration programme?

More than just providing mentorship, UOB will be looking closely at the selected start-ups in our programme to see if their solutions can help to:

1. Serve their existing clients better;

2. Provide new services that are relevant to their existing clients; and

3. Open up new markets in the Retail / SME / Commercial banking space.

A startup community at BASH

The FinLab runs its programme at BASH, a vibrant co-working space in JTC Launchpad, otherwise known as Singapore’s startup hub and sometimes called the Silicon Valley of Singapore. Home to more than 500 startups, VCs, and other SMEs, JTC Launchpad provides a collaborative community for startups to build their businesses, something that FinLab acceleratees can surely benefit from.

A broad and diverse network

Make meaningful connections through our broad network.
Find renowned investors through SGInnovate, ensure your business is compliant through MAS and other legal firms, scale your product through tech partners, and most importantly, find potential business clients or customers – all through our network.

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