Jacaranda Incubator Program – Backing Australian Fintech
Jacaranda Finance is on the hunt for Australia’s most exciting, high growth potential Fintech startup, establishing the Jacaranda Incubator Program.
Background
Jacaranda Finance is one of the fastest growing financial technology start-ups in Australia. With the recent launch of the new and improved Jacaranda decisioning engine, the young startup analyses vast quantities of data from numerous data sources within seconds. This allows the company to make smarter credit decisions and expand the availability of fair, affordable, responsible and more transparent credit solutions for consumers.
“It’s no longer hard, expensive or impossible to acquire and process large volumes of data relating to our applicants”, says Daniel Wessels, CEO of Jacaranda.
“We’re growing fast and we are looking for exceptional people to come along for the ride. If you want to solve hard problems and make peoples lives’ better and easier in the financial sector, take advantage of this opportunity.”
Backing Australian Fintech
Having seen the immense value that Big Data can contribute towards making good credit decisions, Jacaranda has embarked on an endeavour to promote local Fintech talent.
After announcing a scholarship to help drive local talent in FinTech related fields at local universities, Jacaranda has announced that they will ‘pay it forward’ by backing a fellow FinTech startup and help get it off the ground.
“We’re in the trenches ourselves and, after seeing how the adoption of Big Data engines and machine learning has transformed our business, we want to share the love. There is so much incredible local talent developing smart financial solutions. We want to give them the boost they need to get off the ground and start disrupting markets. It’s time for the seemingly-little local guys to show the ‘big dogs’ a thing or two about innovation and talent incubation,” says Wessels.
The Jacaranda Incubator Program is typically very selective with less than 10% of applications progressing to the ‘pitch’ phase. The winner will be granted seed investment and access to a large mentor network, in exchange for a small amount of equity. The mentor network, typically composed of startup executives, other successful tech heads and outside investors, is often of the most value to the winner of the incubator program.
Here’s how the doorway opens:
Round 1:
Applicants must submit their application and explain their idea. The more information provided the better, as this is how you’ll increase your chances of making it to the ‘pitch’ phase.
Round 2:
The Jacaranda Incubator Program panel select the most promising applications. This short list will then be invited to pitch their idea at the Jacaranda Head Office in Brisbane to the entire panel.
If you think you have what it takes and the next Australian FinTech up your sleeve, submit your application by emailing: [email protected]
The Jacaranda Incubator Program is open for everyone to apply. We are looking especially for start-ups in:
– Payments
– Financial Inclusion
– Asset Management
– Capital Markets
– Peer to Peer
– Platforms
– Security & Authentication
– Insurance
– Lending
– Non-traditional data (social, mobile phone etc)
– Identification and verification
– and everything else FinTech
This program is a fantastic opportunity to help young companies and ideas for startups get headed in the right direction.
