Standard Chartered unit launches startup platform

SC Ventures Fintech Bridge will link the bank with promising startups, investors and accelerators.

SC Ventures, the innovation, venture and fintech investment subsidiary of Standard Chartered Bank, has launched a platform called SC Ventures Fintech Bridge that connects the bank to startups, investors and accelerators.

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Through the platform, parties can propose solutions to the challenges posted by the bank’s business units and request for investments. Funding is also guaranteed for proof of concepts (PoCs) by a business sponsor that aims to test the solution. Investors can also use the portal to recommend startups for future collaboration.

SC Ventures Fintech Bridge aims to streamline the matchmaking process so that startups can easily move from initial application to final selection within a three-month period.

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“We also recognise that the best ideas can come from everywhere, not just inside, but also outside the Bank and we need them to transform the Bank. SC Ventures Fintech Bridge plays into our desire to continuously look for new opportunities to collaborate and partner with outstanding and creative talent across our footprint to solve our challenges,” Alex Manson, head of SC Ventures said in a statement.