In 2016 we ran a Fintech Innovation Challenge, kindly sponsored by Paymark, as part of our conference programme. Five fintech startups competed in a round of quick-fire presentations to win a cash prize and mentoring. It was such a hit, we're doing it all again as part of our 2018 conference programme.
Information about the The Point 2018 Fintech Innovation Challenge will be out in the new year. In the meantime, you can find out about the 2016 competition below.
2016 Fintech Innovation Challenge
The challenge gives fintech startups the opportunity to present their ideas to a room full of industry experts, gaining exposure to an audience of thought leaders and influencers from across the financial services sector. We received a range of quality entries.
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.
The 5 finalists who pitched to the 2016 conference delegation to compete for the prize were:
We received such a high calibre of entries the judges selected 8 runners-up:
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.
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.