Join the FinTech Challenge and Win 5000€


Fintech startups from any country are invited to apply to Rietumu Fintech Challenge, an international mentorship class and competition in Riga, April 21. The best teams will get an opportunity to take part in a one day intensive startup bootcamp with experienced mentors and investors.
Applications open until Monday, April 12, 10am (CET).
Apply here:

There are no geographical or stage limits for participants. Six teams who show the most promise and are able to demonstrate that their ideas can facilitate and improve financial services and for private individuals or businesses will be selected to participate in the bootcamp. On April 21 in Riga, the teams will present their ideas to mentors, experts and investors, receive advice, one-to-one consultations with each mentor and pitching tips. All teams will get their time on the stage at the final pitch battle, when a professional and independent international jury will take over to evaluate their pitches and choose the best team that will receive a 5000€ cash prize.

The winner of the first Rietumu Fintech Challenge in spring 2015 was just the beginning of a great year for the winner, peer-to-peer lending platform Mintos, which recently attracted 2 million EUR in funding. Other participants have enjoyed successful growth as well - micropayment app Monea launched in September 2015 and attracted 1,05 million EUR, while the Challenge sponsor Rietumu Bank directly invested €200,000 in Swipe, another contestant. A fourth participant, ZenFinTech, has raised €150,000 in funds since taking part in the challenge.

Rietumu FinTech Challenge by TechHub Academy is organized by the foundation TechHub Riga, the first and oldest startup co-working space that accommodates more than 30 startups and organizes various tech and startup related events, such as Monthly Meetups, TechHub Academy and TechChill Baltics. The main sponsor and partner is Rietumu Bank, the leading private bank in Latvia, specialising in corporate banking and wealth management. Rietumu Bank provides a complete spectrum of modern financial services, including the organisation of businesses of clients in the internet environment.

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