Startupbootcamp Scale FinTech Booklet

DEMO DAY | BATCH III

represented from Estonia to Nigeria, reiterating our belief that FinTech is not a fad and not solely about payments, remittances and credit, but rather an enabler for increased access to financial services and that Latin America is ripe for the taking. FROM THE EDITORS At our Selection Days in November, we invited the best 12 participants to Mexico City to meet the community of corporate partners and mentors Over the past three generations of Startupbootcamp Scale FinTech in of Finnovista, and where five were chosen to participate in Mexico City, an initiative of Finnovista, we have had the privilege of Startupbootcamp Scale FinTech 2020. Little did we know then the witnessing firsthand the challenges in a startup’ s path to raising a Series magnitude of challenges the startups would face over the coming A and breaking their barriers to growth. Today, more than ever, those months. And yet, with their growth mindset and deep reserves of grit challenges are underscored by an adverse global environment rife with and tenacity, just like with any other obstacle that would purport to stop uncertainty. The only thing we can be certain of is change. Our world has their forward momentum, the COVID-19 epidemic is just motivating already been impacted by COVID-19, and we will have to continue to these entrepreneurs even more. evolve to work through its aftermath both individually and collectively. Indeed, hats off as well to the Finnovista team, for the rapid adaptation of At Startupbootcamp Scale FinTech in Mexico City, we have always the program. Not a beat has been missed. embraced the mantra that ‘growth is a mindset’. At the end of the day, growth is change, albeit usually self-imposed (entrepreneurs can be so With admiration, profound respect and excitement, we are grateful and masochistic!). Growth isn’t always easy and it requires laser focus on the thrilled that you could join us today to celebrate the accomplishments of end state, constantly pushing forward, resilience, leadership of self and ai360, Apperto, Bederr, Koibanx and Siembro over the past six months of team and, above all, the grit to get there no matter what. the program and their plans going forward. What great examples of the determination, resourcefulness and collaboration that we have seen In August of last year, we launched our third call for applications in the time and time again in Latin American entrepreneurship. May they search for the next batch of top scale-ups from around the region. After inspire us all to come together and to “keep on keeping on”. the previous groups of incredible FinTechs, who would be the ones to raise the bar even higher? To our pleasant surprise, amongst the 127 Christine Chang applications received, there was a diversity of sectors from InsurTech to Managing Director of Startupbootcamp Scale FinTech Equity Crowdfunding, in addition to the 24 different countries in Mexico City

represented from Estonia to Nigeria, reiterating our belief that FinTech is not a fad and not solely about payments, remittances and credit, but rather an enabler for increased access to financial services and that Latin America is ripe for the taking. At our Selection Days in November, we invited the best 12 participants to Mexico City to meet the community of corporate partners and mentors Over the past three generations of Startupbootcamp Scale FinTech in of Finnovista, and where five were chosen to participate in Mexico City, an initiative of Finnovista, we have had the privilege of Startupbootcamp Scale FinTech 2020. Little did we know then the witnessing firsthand the challenges in a startup’ s path to raising a Series magnitude of challenges the startups would face over the coming A and breaking their barriers to growth. Today, more than ever, those months. And yet, with their growth mindset and deep reserves of grit challenges are underscored by an adverse global environment rife with and tenacity, just like with any other obstacle that would purport to stop uncertainty. The only thing we can be certain of is change. Our world has their forward momentum, the COVID-19 epidemic is just motivating already been impacted by COVID-19, and we will have to continue to these entrepreneurs even more. evolve to work through its aftermath both individually and collectively. Indeed, hats off as well to the Finnovista team, for the rapid adaptation of At Startupbootcamp Scale FinTech in Mexico City, we have always the program. Not a beat has been missed. embraced the mantra that ‘growth is a mindset’. At the end of the day, growth is change, albeit usually self-imposed (entrepreneurs can be so With admiration, profound respect and excitement, we are grateful and masochistic!). Growth isn’t always easy and it requires laser focus on the thrilled that you could join us today to celebrate the accomplishments of end state, constantly pushing forward, resilience, leadership of self and ai360, Apperto, Bederr, Koibanx and Siembro over the past six months of team and, above all, the grit to get there no matter what.the program and their plans going forward. What great examples of the determination, resourcefulness and collaboration that we have seen In August of last year, we launched our third call for applications in the time and time again in Latin American entrepreneurship. May they search for the next batch of top scale-ups from around the region. After inspire us all to come together and to “keep on keeping on”. the previous groups of incredible FinTechs, who would be the ones to raise the bar even higher? To our pleasant surprise, amongst the 127 Christine Chang applications received, there was a diversity of sectors from InsurTech to Managing Director of Startupbootcamp Scale FinTech Equity Crowdfunding, in addition to the 24 different countries in Mexico City

OUR PARTNERS #sbcDigitalDemoDay 1

OUR TEAM FERMÍN BUENO ANDRÉS FONTAO CHRISTINE CHANG ELENA CRUZ Co-Founder & Managing Co-Founder & Managing Managing Director of Program Manager of Partner of Finnovista Partner of Finnovista Startupbootcamp Scale FinTech Startupbootcamp Scale FinTech #sbcDigitalDemoDay 2

ZAC THOMAS KARLA CHÁVEZ ELENA SOLERA Portfolio Manager of Operations Manager of Communications & Marketing Startupbootcamp Scale FinTech Startupbootcamp Scale FinTech Director of Finnovista CRISTINA HONATANILLA KAREN ORTEGA Senior Communications & Marketing Communications & Marketing Intern of Manager of Finnovista Finnovista #sbcDigitalDemoDay 3

ABOUT Startupbootcamp Scale FinTech is an innovation program for growth-stage startups looking for a customised approach to help them solve challenges in areas such as partnerships, investment and expansion. The initiative has had a presence in Osaka, Miami, San Francisco, Chengdu and Mexico City. Created in 2018, Startupbootcamp Scale launched its first program in Latin America, focused on FinTech and based in Mexico City. This program is a joint venture with Finnovista. #sbcDigitalDemoDay 4

Startupbootcamp Scale FinTech Mexico City has supported 15 startups to scale their businesses during three cycles: #sbcDigitalDemoDay 5

OUR PROGRAM

2019 JULY 31st APPLICATIONS OPEN 13 Office Hours in: Bogota, Barranquilla, Cartagena, Lima (virtual), Santiago, Buenos Aires, Mexico City (x2), Monterrey, Guadalajara, Madrid, New York and Miami (virtual). OCTOBER 13th APPLICATIONS CLOSE Outreach: 310 startups contacted 127 startups applied from 24 countries ombia 17% l gentina 11% 12 industry segments: led by lending, Mexico 32% Co Ar Chile 9% payments and enterprise tech Other top countries: USA, Peru, Costa Rica, UK #sbcDigitalDemoDay 7

DECEMBER 9th PROGRAM BEGINS 6 Months +100 Mentors +30 1:1 Meetings with Experts 5 Onsite weeks 10 Founder’s Journeys +30 1:1 Meetings with Investors 1 Demo Week 30 Workshops 25 Commercial Collaborations 12 startups at Selection Days from 5 different SELECTION DAYS countries covering 5 distinct segments. 5 startups from 3 countries selected for the program (Mexico, Argentina and Peru). NOVEMBER 11-12th #sbcDigitalDemoDay 8

2020 May 7th DEMO DAY #sbcDigitalDemoDay 9

BATCH III

Ai360 Revolutionizing the housing industry in Mexico by providing real-time, highly accurate, and low-cost housing appraisals. @ai360_mx Eduardo Torres | Founder & CEO Eduardo Torres | Founder & CEO [email protected] www.ai360.mx #sbcDigitalDemoDay 11

SEGMENT Enterprise Technologies BUSINESS MODEL B2B-Financial COUNTRY Mexico for Financial Institutions Institutions ABOUT Our platform helps create significant positive change for millions of families through accessible housing valuations. Precise and low-cost valuations will help accelerate the mortgage market, further develop financial products like home equity loans, as well as better assess credit profiles. Not only will this increase financial inclusion, but will also bring greater efficiency to the real estate industry. MARKET SIZE 1 billion USD in Mexico alone. MILESTONES • Over 2 million housing inquiries made on the platform. • Partnered with two leading global financial institutions to create credit profiles based on property values and neighborhood income levels. • Partnered with a certified appraisal company to deliver legally valid appraisals. #sbcDigitalDemoDay 12

APPERTO Apperto is a ‘SuperApp’ for more than 250 million Latin Americans living in small cities. Matias Tini | Co-Founder @apperto.co Matias Tini | Co-Founder [email protected] www.apperto.co #sbcDigitalDemoDay 13

SEGMENT Payments & Remittances BUSINESS MODEL Marketplace COUNTRY Argentina Mobile Payments and Wallets ABOUT We bridge the digital divide between small and large cities by providing an all-in-one ‘superapp’, so that consumers in small and medium cities can digitally transact with local businesses and access local services. MARKET SIZE 20 billion USD in Latin America. MILESTONES • Active in 14 cities in Argentina, with +50,000 users and +100,000 transactions completed on the platform. • Launched first city in Mexico: San Juan del Rio in January 2020, with average monthly transaction growth of 40%. • Implemented ‘collective buying’ product that has seen significant demand during the current COVID-19 crisis and is helping with last-mile distribution while minimizing risk of contagion. #sbcDigitalDemoDay 14

BEDERR Bederr is the online loyalty platform for small and medium businesses in Latin America, allowing them to better understand and create long-term relationships with their customers. Bederr Mario Gil | Co-Founder & CEO Mario Gil | Co-Founder & CEO [email protected] www.bederr.com #sbcDigitalDemoDay 15

SEGMENT Payments & Remittances BUSINESS MODEL B2B - Financial COUNTRY Peru Mobile Payments and Institutions Wallets B2B - Non-Financial Institutions B2B2C ABOUT There is a significant white space in nearly all of Latin America for loyalty solutions targeted at small and medium businesses. We combine loyalty with payments and marketing so that these businesses can keep their customers highly engaged and loyal. MARKET SIZE 96 billion USD in Latin America. MILESTONES • +600 companies using the platform in Peru, including Uber, Mapfre and Petro Peru. • Launched a digital wallet in Peru allowing payment functionality on the platform. • 3 commercial collaborations underway in Mexico and Country Manager hired. #sbcDigitalDemoDay 16

KOIBANX We are building the next generation of financial infrastructure, streamlining these services through blockchain technology and paving the road towards automated financial products being widely adopted. Leo Elduayen | Co-Founder @Koibanx Leo Elduayen | Co-Founder [email protected] www.koibanx.com #sbcDigitalDemoDay 17

SEGMENT Enterprise Technologies BUSINESS MODEL B2B2C COUNTRY Argentina for Financial Institutions Digital Banking Platform and Services ABOUT “Traditional financial institutions don’t serve many user segments because their costs are too high, it’s simply not profitable for them. This is a lost business opportunity and also a lost opportunity for financial inclusion. Beginning with payment processing, we provide flexible and easy-to-integrate infrastructure, substantially reducing their costs and expanding their potential user base. MARKET SIZE +8,000 financial institutions in Latin America, representing a 100 billion USD opportunity. MILESTONES • 15 enterprise clients representing over 100,000 customers currently using the product. • Active in 3 countries: Argentina, Colombia and Uruguay. • Legally certified to operate in Mexico and 3 PoCs signed. #sbcDigitalDemoDay 18

Nicolas Simonassi | Co-Founder & CEO SIEMBRO Siembro is a digital loan origination platform for farmers and agricultural SMEs. We optimize the financing of the agribusiness value chain by connecting farmers with banks and other credit providers, directly at the point of sale. Siembro Nicolas Simonassi | Co-Founder & CEO [email protected] Gerardo Lagger | Co-Founder & CTO www.siembro.com #sbcDigitalDemoDay 19

SEGMENT Lending as a Service BUSINESS MODEL B2B2C COUNTRY Argentina B2B2C ABOUT Our efficient go-to-market strategy (point-of-sale lending) leverages a B2B2C customer acquisition model resulting in strong recurring revenues, low customer acquisition costs and high merchant retention rates, delivering both growth and profitability. Our proprietary Credit Risk Algorithm (data driven and A.I. powered) allows quick response, ensures low default rates, and consists in a long term competitive advantage considering the specialty level required for agribusiness risk analysis. MARKET SIZE 150 billion USD in Latin America MILESTONES • +210 associated points of sale and +$10 million in loan applications per month in Argentina. • Robust unit economics with 4 consecutive quarters of positive EDITDA. • 3 NDA’s signed with credit funding partners in Mexico. #sbcDigitalDemoDay 20

@sbcScaleFinTech @Startupbootcamp @StartupbootcampMexico Startupbootcamp Scale