Fintech Master is the first incubation program for Fintech startups organized by Mastercard in a partnership with 1991 Open Data and supported by the NBU. The purpose of the program is to offer to Ukrainians more effective and convenient financial tools and solutions, as well as help startups and traditional market players to find a way to each other and to the consumer. The program included all stages of incubation: selection of primary applications, hackaton, 3-month incubation and mentoring, presentation of projects to the market.
As a result, 9 of the most promising solutions were implemented in the following areas: anti-fraud, work with big data, loyalty programs, payments, p2p lending, b2b solutions, financial scoring, and more.
In the process of incubation, participants improved their business strategy, changed it, modified their product, were looking for partners. The culmination of the program was the UKRAINE FINANCIAL INNOVATIONS DAY forum, which gathered more than 250 participants, during which was the pitching of the finalist projects. Following the program, the projects continued their independent lives:
· The project Sureberry (mobile application for the sale of OSAGO) continued development in the Latvian acceleration program Startup Wise Guys;
· Startup bNesis, which helps banks to better analyze the creditworthiness of borrowers, after the end of incubation process, raised 400,000 euros from Polish funds;
· The project Go To-U, a planner for the traffic of gasoline filling stations, received a climate voucher as part of the EBRD's program on climate change.
· YouScore (financial stability assessment tool) found a partner - OTP Bank.