Starting May 2020, Inkredo will be part of a cohort of a Swiss fintech accelerator — F10. It attracted me because its objective is to help Startups build a useful business, contrary to the accelerators where the next round of funding is an essential part of their program. Here’s how:
- Success metric — Next big Swiss customer: Opportunity to work with Swiss financial institutions — we have to convert at least one customer from their corporate partners to successfully complete the program.
- Inkredo was selected by the same corporate partners who shall be the target group of our customers. So it’s not a shot in the dark for either parties. It’s a meaningful network building in progress focused on creating a useful business.
- The prize money might be very small compared to seed funding of current times but significant enough for a bootstrapped business; it’s equity-free if we remain bootstrapped. And if we raise then they shall take a very small but meaningful stake. I know of only Indie.vc that comes closest where it invests in early stage startups via convertible bonds.
Here’s the list of 10 Fantastic Startups from the globe: https://www.f10.ch/pressreleases/these-are-the-startups-accepted-into-the-f10-incubation-program-in-singapore/
Let the story begin. In case you want to work with us and some really smart customers of the fintech world, then we’re looking for you.