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Hungarian startups at Asian FinTech Roadshow

The three young companies hope for long-term Asian cooperation; organizer sees opportunities from BREXIT too

Brokerchooser, PénTech, and Scolvo participated in a five-day intensive business development tour through Singapore, Kuala Lumpur, and Jakarta thanks to Startup Campus Hungary, a joint program between Startup Campus and the Hungarian Export Development Agency (HEPA). The group attended the Singapore FinTech Festival, with some 60,000 visitors, and helped represent Hungary at the Central and Eastern European Chamber of Commerce’s stand, opened by MNB’s VP Dr. Mihály Patai. They were also able to take advantage of other networking opportunities and events, such as the “CEEC and Singapore: Partners in Innovation and Talent” event hosted by Deutsche Bank among other leading players in law and venture capital.

In Kuala Lumpur, the delegation attended the fourth “Demo Day” organized by MaGIC, one of the largest Asian accelerators. They also were able to explore regional expansion opportunities at a joint consultation with the MDEC Malaysian state scale-up program and the FinTech Association of Malaysia.

Finally, in Jakarta, the young companies attended a breakfast at the local Hungarian embassy, where they were able to meet potential investors and collaborate with local startups; Telkom Indonesia, the largest Indonesian telecommunications accelerator, brought three teams out of its portfolio to do just this. 

The three participating startups benefited greatly, as they were able to meet people face to face and also agree on solid collaboration going forward. 

“The trip also provided an opportunity for me to meet local affiliates of our existing partners and get to know each other in person.” – Gergely Korpos, founder and CPO of Brokerchooser.

“During the five-day business trip, I gained so many new opportunities that normally would be difficult to acquire in even a year.” – Kálmán Boda, Managing Director of Scolvo.

“.. we agreed with the CEO of a local startup, Carijasa, that it would be worthwhile to build a common product that would play a key role in our credit rating algorithm.” – János Csák, Chief Financial Officer of PénTech

Gergás Gulyás, head of the Startup Campus London office also said that they plan on promoting their initiatives to help startups looking to expand in the local region as well, including the UK where they “see many new opportunities from BREXIT.”

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