Tallinn-based Startup Wise Guys (SWG) has partnered with the European Bank for Reconstruction and Development (EBRD) to launch its fourth fintech accelerator program starting in October 2020 in Vilnius, Lithuania. The bank is participating with its TaiwanBusiness EBRD Technical Cooperation fund.
The Baltic accelerator provides investment of up to €100,000 and up to 5 months of mentorship from an international pool of mentors, SWG team and EBRD staff. This edition, Fintech 4, will combine online and in-person modules. Applications are open to international startups with initial traction in fintech, proptech, insurtech, analytics, regtech and cyber security.
“Having the largest and most active institutional investor over five continents as a partner gives a whole new level of credibility and positive impact,” said CEO Cristobal Alonso on the new partnership with EBRD. “But we are even more excited to work with an organisation which like us has historically been so deeply involved in the often over-looked markets like Baltics, New Europe and CIS, leaving a positive footprint on the economy and ecosystems. EBRD associate director Jacek Kubas added, “As a transition bank the progress of our economies is what keeps us going and fintech is an exciting new part of this.”
Photo: The graduating class of Startup Wise Guys' Fintech 3 accelerator