South Africa’s Creditable, a firm that enables credit unions, lenders, businesses and individuals to give loans to their customers, employees, suppliers and family professionally in five minutes and Kenya’s M-Changa, an inexpensive SMS fundraiser for East Africa are mong the ten finalists to join the Startupbootcamp kicking off this August.

Startupbootcamp’s Nektarios Liolios, MD,  said: “Over the last five months we’ve scoured the planet for the most interesting, innovative and promising FinTech startups. We’ve met over 436 startups, visited financial hubs across four continents and held 18 different events. We’re confident that the 10 teams selected represent the very best that the financial services and technology industries have to offer.”The three month acceleration programme will give the startups free office space in London and a EUR15,000 award. The startups will also receive mentorship from more than 100 entrepreneurs, investors, and corporate partners through sessions on how to ‘shape’, ‘build’, and ‘sell’.Speaking to TechMoran, M-Changa CTO David Mark said, “M-Changa felt honored, if not completely convinced, that joining SBC Fintech London was right thing to do. But in only one day we are already in discussions with banks, diaspora leaders, African operators and worldwide remittance providers. So like the nine other Fintech winners, we’re very excited.”

M-Changa, Creditable and the other teams will after the three months pitch to over 200 investors, mentors, and partners at Demo day. Startupbootcamp has been backed by Lloyds, MasterCard, Rabobank and SBT Venture Capital. Startupbootcamp FinTech’s partnership with Lloyds, Rabobank, SBT Venture Capital and MasterCard will see the startups get access to pilot customers, industry data, APIs and capital.

Other startups include;

Epiphyte, a US compnay deploying enterprise software that allows the pre-installed systems of financial institutions to “talk” to crypto-financial networks.

FriendlyScore, a firm from Ploand creating credit scorecards based on big data from Facebook.

Insly, an Estonian cloud-based tool for insurance salespeople.

InvoiceSharing, a financial services marketplace from the Netherlands, aiming to enable 100% free electronic invoicing.

Liquity, an online marketplace in the UK matching buyers and sellers of private company shares.

milliPay Systems, a micropayment startup from Switzerland aims to make online payments as simple as browsing.

Tab, a US firm that integrates with existing bank systems to enable real-time social payment networking.

Up Investments, a UK startup which enables people to find, manage and grow all of their P2P and equity crowdfunded investments through one free and simple platform.

- Ad -