We were pleased to introduce a Fintech Innovation Challenge to our 2016 conference programme, kindly sponsored by Paymark. The challenge saw five fintech startups compete in a round of quick-fire presentations to win a cash prize of $5,000 as well as mentoring and associated networking opportunities.

We received a great range of quality entries and below are the challenge finalists and runners-up. Delegates were able to meet all our finalists and most of the runners-up at the fintech stand during the conference.

Finalists

The 5 finalists who pitched to the conference delegation at the Fintech Innovation Session on day one of the conference to compete for the prize were:

  • Dexibit
  • Genoapay
  • Jude
  • My Bitcoin Saver
  • Shareclarity

Runners-up

We received such a high calibre of entries the judges selected 8 runners-up:

  • Avali Payments
  • Belong
  • Grafts
  • Kitset.io
  • Marrakash
  • Quantiful
  • SavvyKiwi
  • Seek Stock

Selection

All entrants were judged by a panel of representatives from:

  • Paymark - our challenge sponsor
  • Payments NZ
  • Lightning Lab
  • the Angel Investor community

All applications were judged against four assessment criteria including business model, customer-value proposition, design/innovation and overall viability.

Choosing the winner

The finalists had 6 minutes to pitch their product during the Fintech Innovation Session then a Q&A panel had 4 minutes to quiz each of the finalists. The Q&A panel was made up of the following industry experts:

  • Mark Rushworth, Paymark Chief Executive
  • Stefan Korn, Creative HQ CEO
  • Cecilia Tarrant, ArcAngels Chair, member of IceAngels, and Payments NZ Independent Director

The conference delegation then chose the challenge winner in a live poll and Dexibit was announced as the winner at the conference Gala Dinner.

Eligibility

The challenge was open to new or recently established innovative, technology-enabled startups working in any area of financial services or a supporting sector such as cyber-security, digital identity and data analytics. To be eligible, entrants had to have:

  • an establishment date of no earlier than 1 August 2014; however, we considered applications that fell outside of this date (startups do not need to be incorporated); and
  • a demonstrable product or service OR a pre-commercialised prototype or concept. 

Terms and conditions to entry applied.

Related pages
  • Fintech Challenge winner announced

    See who took out the top prize in our inaugural Fintech Innovation Challenge at The Point 2016.

    Read more  
    10 Nov 2016