Venture Leaders Fintech Winners Close an Exceptional Week Pitching in Hong Kong
12.11.2019 12:05
Joseph Heaven
The ten ambitious Swiss fintech founders in the Swiss National Startup Team enjoyed more than a dozen high-level pitching sessions with multi-billion-dollar investors in Hong Kong. Their intense roadshow week in the Great Bay Area closed with visits to fintech unicorns in Shenzhen as inspiration for the team's high aspirations.
While Venturelab has more than a dozen years experience bringing Switzerland's the most-promising tech entrepreneurs to hotspots from Silicon Valley to Shanghai, it was the first time the Swiss startup supporter brought a competitive selection of fintech founders to Hong Kong and the Greater Bay Area. The Greater Bay Area initiative aims to create a region encompassing Hong Kong, Macao and the Pearl River Delta with economic power comparable to the business regions around San Francisco, New York and Tokyo.
"Hong Kong has a booming entrepreneurial ecosystem with more than 700 fintech startups. It's the bridge to China and south-east Asian region," said Stefan Steiner, co-managing director of Venturelab. "Here money is never an issue, and the ecosystem is more techfin than fintech."
The roadshow opened with briefings on the region's economic strength, and introductions to the legal aspects of regional operations with licensing, compliance and regulatory experts. China is the world’s leading fintech market with transaction worth $25 billion last year, and Hong Kong serves as a huge financial hub with more than $3 trillion in assets under management.
The Venture Leaders pitching-marathon started with exclusive meetings with global banks and fintech VCs based in the region. After these focused sessions, the team unwound at a reception at the Swiss consulate in Hong Kong to reflect on their first experiences.
Over the week audiences grew, as during the days, crowds gathered at the Swiss Fintech Pavilion and around various stages inside Hong Kong Fintech Week to learn about the founders' innovations and market growth.
At night the Swiss National Startup Team members had unforgetable evenings pitching from the 100th-story of the iconic International Commerce Centre building, Hong Kong's tallest skyscraper...
The Swiss National Startup Team were invited to meet executives at regional fintech unicorns including AirWallex (raised $202 million), BITmex (trading history of over $34 billion worth of Bitcoin since its launch), The TNG FinTech Group (raised $115 million in Series A, the largest series A investment for a FinTech company), and WeLab (raised $425 million).
????#VLeadersFintech ?????????? ???? ???? ?????????????? ????????: ?????? ???????? ?????? ?????????? ??????????????! ?| The intense 6-day program concluded last Friday, linking our 10 Fintech startup champions with local multi-$B investors, mentors, experts & potential partners! pic.twitter.com/FqsSRlENem
"An exceptional week has come to a close here in Hong Kong. It was just as intense as fun," said Vlot co-founder Daniel Schmidheiny, who enjoyed a many "great conversations with local industry experts, advisors, investors and also potential clients. Tons of opportunities."
You guys are amaaazing! Thank you to all Venture Leaders Fintech for a fun week in Hong Kong ???? with Pitching & Party ??!
The Venture Leaders Fintech roadshow 2019 to Hong Kong is organized by Venturelab and swissnex China and supported by digitalswitzerland, EPF Lausanne, ETH Zurich, IMMOMIG, PostFinance, Redalpine, Walder Wyss and Canton of Zurich.