OTP Bank Startup Accelerator Seeks The Next Big Thing In FinTech

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Ready to become part of future banking? The OTP Bank Startup Accelerator powered by Nestholma looks for the banking solutions of the future. Apply by February 4 to grow your business!

The OTP Bank Startup Accelerator, run in collaboration with the Nestholma Renewal Accelerator, is an intensive three-month program designed to grow your business. This is a unique opportunity to refine your idea or product, pursue new business opportunities and grow your network. The aim is to make your startup fundable and ready for international opportunities.

OTP is one of the largest independent financial services providers in Central and Eastern Europe, with its headquarters in Budapest, Hungary. In total, the group has presences in nine Eastern European countries and 14.5 million customers globally.

The Next Big Thing In FinTech

You are a team of at least two founders with a scalable idea that has global potential and are ready to validate your product with real customers? Awesome! Here’s what the OTP Bank Startup Accelerator has in store for you:

  • Business Insights & guidance from key decision makers from OTP who are interested in innovative solutions.
  • Potential Market Access through pilots and OTP’s comprehensive range of different customers and data.
  • Mentoring from experienced entrepreneurs and FinTech experts.
  • Global Perspective from a key player in their industry.
  • Up to €1 million investments from Nestholma and other partners.
  • Post-Accelerator Network

6 Key Innovation Areas

Nestholma and OTP are looking for cutting-edge startups in these key areas:

  • Banking for the Family: Services for the whole family and financial education.
  • Data in Banking: Better ways of acquiring data or capitalizing the data that OTP has, to make better decisions.
  • Automation: Ways of optimizing your personal workflows. Examples are households’ document handling, car-sharing, or mortgage evaluation.
  • Collaboration: Better mechanisms for collaborating and interacting, inside OTP and with other partners.
  • Technology Driven Change: Uses of technologies such as mobile, IoT or VR in banking or real estate.
  • SME Administration: Tools to make the day-to-day of SMEs easier.

Additionally, OTP and Nestholma are open to your ideas, if it can help make OTP better.

3 Months Acceleration On-Site

The accelerator program is designed to last from February 26 to May 18, 2018, at OTP’s working premises in Budapest, Hungary. The accelerator model consists of three phases (Learn, Do, Pitch) during which you will get help in building products and services that customers care about and in preparing your startup for growth and international opportunities. By Demo Day at the end of the program, all teams will demonstrate their working product to potential investors – opening the door to dozens of different countries through Nestholma’s partners.

Apply by February 4 and take advantage of collaborating with this industry leader!

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