15 fintech startups from 8 countries presented their solutions to corporations from Central Asia within Online Astana Finance Days

Fintechstars Innovation Day startup marathon was held at the Online Astana Finance Days. Fintech Hub of Astana International Financial Centre (AIFC) selected 15 startups from 8 countries that presented their solutions to corporations from Central Asia: KPMG, Sberbank, VTB, Al Hilal Bank, Microsoft, Beeline, Halyk Bank and others. The general partner of the event was Mastercard international payment system.

Among startups were presented:

• Multis (Kazakhstan) – search for the best loan offer.
• ARNI.io (Russia) – conversational artificial intelligence with a smart search system that communicates as a person.
• Boollo.Safe (Hong Kong) – an insurance platform that allows you to choose the best offer among insurance companies.
• Upswot (Ukraine) – helps banks to get API-enabled, opt-in access to the business systems of SMB
• eCredit (Russia) – a platform for managing sales of credit and insurance products for car manufacturers and car dealers, etc.

Meetings with banks, insurance, mobile operators and retail from Central Asia will be organized for startups.

“The event was held at a high level, and I thank all the participants and organizers of Fintechstars Innovation Day for their excellent organization and interesting relevant cases. Mastercard has been working with the AIFC for several years to develop projects aimed at introducing a cashless economy and payment technologies, and we see the great benefit of the activities of Fintech Hub, for the development of which there is a very large field of activity and many areas where you can implement both financial and non-financial solutions and technology. We wish everyone further success,” – said Rafal Trepka, General Manager of Mastercard in Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.

“Kazakhstan and Central Asia as a whole have enormous potential for introducing financial innovations. In preparation for the event, we received 65 applications from startups from 15 countries, which in indicates the high attractiveness of the region. We see many opportunities for implementing fintech startups solutions in banks, insurance, telecom companies and retail. Therefore, one of our goals is to attract as many advanced startups from around the world as possible to work in the region,” – said Taras Volobuiev, Head of Startup Support Programs at AIFC Fintech Hub.

Events of this nature give impetus to the development of the fintech sector in the region. The AIFC Fintech Hub has over 120 fintech startups that receive expertise, networking with corporations, access to events, etc. Moreover, the AIFC provides a multifunctional legal platform based on English law, a favourable tax regime and incentives for operating activities for the Centre’s resident companies.

Reference:

Astana International Financial Center (AIFC) was created by the initiative of the First President of the Republic of Kazakhstan, Nursultan Nazarbayev. The constitutional law on the establishment of the AIFC was signed on December 7, 2015. The purpose of AIFC is the formation of a leading centre of financial services on international level. AIFC’s tasks are to assist in attracting investments to the country’s economy by creating an attractive environment for investing in financial services, developing the securities market of the Republic of Kazakhstan, ensuring its integration with international capital markets.  www.aifc.kz

AIFC Fintech Hub is the meeting point for global startups, entrepreneurs, corporations, investors, experts and specialist  in the field of innovation. The development of fintech at the AIFC includes programs for startup support, corporative innovations, the venture capital market, specially developed rules and regulators that allow testing products and solutions in the field of fintech. http://www.fintech.aifc.kz/,  http://www.fintechstars.aifc.kz/

Masterсard (NYSE: MA) is a global technology company operating in the payment industry. Our mission is to provide secure, simple, technological and affordable transactions, to develop and strengthen the digital economy, which gives benefits to everyone and everywhere. Using secure data and networks, building partnerships and building on what inspires us, we provide innovations and solutions that help people, financial institutions, governments and businesses realize their greatest potential. Our culture and everything that we do inside the company and beyond, is determined in accordance with the decency quotient (DQ). We do business in more than 210 countries and territories and create a sustainable world that opens up invaluable opportunities for everyone.