By Omar Faridi
The international management consultancy to global financial service providers, Synpulse has confirmed its partnership with Fintech incubator F10.
Synpulse will reportedly be investing the equivalent of 1 per cent of its yearly revenue into the startup accelerator F10, as part of the investment round in the mid-single-digit million range announced by F10.
Synpulse and F10 are well-aligned, with a sharp focus on financial services as well as startups.
This offers a key opportunity for the two firms to identify the most promising or high-potential startups and support them in supporting steady growth.
In addition, it offers Synpulse the opportunity to identify the new services that might become relevant to its clients - a win-win for more established brands and innovative challengers.
Synpulse Switzerland CEO, Raphael Bianchi has reportedly joined the F10 Board in order to contribute to the strategic direction and innovation of the Fintech sector.
In addition to offering management consultancy to banking and insurance brands, Synpulse provides comprehensive tech solutions via its technology powerhouse, Synpulse8.
This puts it in an ideal position in order to support clients across their complete value chain.
The capital is meant to allow F10 to grow both into various other geographies, as well as in its existing hubs across Europe and Asian markets.
F10 corporate partners will reportedly benefit directly via early access to startups chosen across all international programs and exposure to a fast-growing global network of partners, startups, and investors, as well as increased deal flow and collaboration support.
The ecosystem is expanding at a steady pace, with the international Fintech sector expected to expand at a compound annual growth (CAGR) rate of 23.58 per cent from 2021 to 2025.
Senior Partner and CEO of Synpulse, Switzerland, Raphael Bianchi remarked: “F10 provides vital support in discovering and growing the new innovative services and talented teams that our industry needs. Fintechs have brought a revolution to what has always been a very traditional industry. By working together, we hope to make global connections between the most innovative solutions that are being created and the more established players whose adoption will make them part of the mainstream.”
CEO and Co-Founder of F10, Andreas Iten stated: “We are incredibly excited about Synpulse’s investment into F10 and about the synergies that this creates. F10 startups will also benefit greatly from Synpulse’s global network. We are looking forward to jointly pushing innovation in the financial industry further.” https://www.crowdfundinsider.com
