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Divizend was selected from more than 400 applicant FinTechs and may now compete with the most innovative 10 FinTech companies in this year's UBS Future of Finance Challenge.

What is the UBS Future of Finance Challenge?

The UBS Future of Finance Challenge has been held since 2015 and is organized by UBS, one of the world's largest bank and asset manager. The competition is aimed at both young startups and established companies that want to fundamentally change the world of finance.

The total of 40 finalists are divided into four categories. We are competing against 9 other companies in the "App Stores and Platforms" category. Here, the topics include how to connect customers in the financial world, how banks can offer a personalized app store experience, and where thought leadership is effective. In addition to prize money worth a total of $400,000, we get the chance to work with experts from Anthemis, Deloitte and Microsoft.

The fact that we are, in the eye of UBS, among the best and most promising startups shows us that we are on the right track with our ideas.

We are happy to have been accepted into the F10 program, which represents another important step towards our further establishment in the Swiss market, especially as we will be working with a top-tier partner from the local financial industry during the program.

What is F10?

F10 is aimed towards setting the stage for and developing successful collaborations, implemented via a 360 degree startup analysis, an in-depth collaboration playbook facilitated by a dedicated F10 coach, and regular knowledge and experience exchange between participating startups and corporate partners.

The program kicks off on the 6th of September and lasts for three months. Scouting and selection of the startups was done in close collaboration with F10 corporate partners in each hub.

As a startup which has been selected for this new Accelerator, we will gain life-time access to the F10 Startup Services – flexible, on-demand content spanning the F10 Academy, online learning and peer to peer exchange based on startups’ needs, the F10 Mentor program, access to a network of more than 250 mentors across all hubs, as well as the F10 Investor Introduction Service.

Divizend will participate in the ALFI Global Distribution Conference 2021. This is another milestone in the development of our subsidiary in Luxembourg and an important step in expanding our network into the Luxembourg fund industry.

What is ALFI?

The Association of the Luxembourg Fund Industry (ALFI) is a non-profit trade association founded in 1988. ALFI actively promotes the Luxembourg investment fund industry, its products and its services. ALFI is an active member of the European Fund and Asset Management Association, the European Federation for Retirement and the International Investment Funds Association. ALFI organizes its own "ALFI Global Distribution Conference" every year.

The ALFI Global Distribution Conference 2021 will be held on September 21 and 22, 2021 in a virtual format. This will be hosted in collaboration with Nicsa, the US National Investment Company Service Association, and HKIFA, the Hong Kong Investment Funds Association, and will bring together key fund companies, asset managers and other industry partners from around the world.

Divizend was able to prevail among all 145 startups that applied for the grant, convinced the expert jury of the 11th Start?Zuschuss! Support Program of the Bavarian Ministry of Economic Affairs and can now look forward to a grant of up to 36,000 euros.

What is the Start?Zuschuss! startup support program?

With the Start?Zuschuss! program, the Bavarian Ministry of Economic Affairs supports 29 technology-oriented start-ups with a particularly sustainable and innovative business model. The winners receive support of up to 36,000 euros for their respective start-up costs.

Divizend was able to prevail among the six finalist teams of phase 3 at this year's Munich Business Plan Competition and win 2nd place. As a result, we received a cash prize of €10,000.

What is the Munich Business Plan Competition about?

Startups from all over Bavaria have the chance to apply to the competition with their business concepts and ideas in three competition phases at the Munich Business Plan Competition. This gives participants the opportunity to develop or optimize their business plan step by step.

The final phase 3 focuses on the topics of realization, capital requirements and sales planning of the business idea. A complete business plan was required for this. In particular, we were able to incorporate feedback from the jury after the second phase of the competition.

We are happy to now be part of the German Accelerator Next Step India program. This is another milestone in our expansion intentions towards Asia and India in particular.

What is Next Step India?

Next Step India is an equity-free accelerator program that helps German startups assess their company's suitability for India as a target market. The program offers startups first-hand insights into the market, explores individual business opportunities in the local ecosystem, and communicates directly with potential local customers and partners.

Next Step India is part of the German Accelerator and is supported by the German Federal Ministry for Economic Affairs and Energy (BMWi).

What is the goal of the program?

With German Accelerator's Next Step India program, our goal is to get in touch with leading banks, stock exchanges, financial institutions, family offices, financial software providers and national tax authorities from India to cooperate with them and subsequently implement our services. Especially entering a market like India requires very good knowledge, so this program and especially the related mentoring sessions is the optimal next step for us.

We were able to prevail among all participating startups and are now in the final round of CATAPULT Kickstarter together with four other startups. As a result, we are now eligible for a grant of €50,000 from the Luxembourg House of Financial Technology (LHoFT).

What is CATAPULT Kickstarter?

The program aims to help innovative early-stage FinTech entrepreneurs develop their business models. Participants will receive guidance on building their business, identifying and managing risks, developing a realistic business plan, and practical tactics for customer acquisition and growth. Participants will have the opportunity to meet and learn from industry leaders, investors and key FinTech stakeholders.

Who is hosting the program?

The program is hosted by LHoFT. The LHoFT Foundation is a public and private sector initiative that drives technological innovation for the Luxembourg financial services industry and connects the national and international Fintech community.

What is STEP USA?

"STEP USA" is a 4-day intensive webinar program for startups to help them enter the US market. The program is hosted by the German American Chamber of Commerce in New York. We see the program as a first milestone for our market entry into the North American market.

We had the chance to compete with 110 companies from 46 different markets and were finally able to convince the jury with our pitch and win 2nd place in the category "FinTech".

What are the SelectUSA Tech Pitch Sessions?

Over 200 companies applied for a spot in one of the nine industry pitching sessions. More than 110 companies from 46 markets participated in these 13 pitching sessions. The first-place startup in each session received a series of five hours of legal services from SelectUSA Tech's sponsor, the International Network of Boutique and Independent Law Firms (INBLF).

This success once again underlines our competitiveness in the US market. In particular, we are also interested in making contact with individual states in the USA, for example to discuss a local settlement.

What is Innovate Finance?

Innovate Finance is an independent membership association representing the UK's global FinTech community. Innovate Finance was founded in 2014 and is supported by the City of London and Broadgate. The association is a not-for-profit organization that promotes the country's leadership in the financial services sector by supporting technology-driven financial services innovators.

By becoming a member, we have taken an important step towards expansion to the UK.