FINTECH CHALLENGE OF COOPERATHON 2020
This program is now over.
Desjardins' fintech challenge
in partnership with Fintech Cadence
powered by Startup in Residence
How can we help Canadians reach financial empowerment?
+ Admission to Startup in Residence
Financial emergencies can happen to anyone and come at any time. They can be the result of family illness, job loss, urgent home repairs, or a weather event like a major flood”, explains the Canadian government.
Today, a large number of Canadians are worried about the impact of the current COVID-19 on their personal finances. In a situation of uncertainty, financial emergencies can be stressful and cause considerable human and financial hardships. It is crucial that everyone obtains the help and quality advice needed in order to better manage their budget, savings and debt in order to be protected against the unexpected, especially during a pandemic. Progressing towards financial empowerment means learning to better manage personal budgets and making sound financial decisions, while protecting your personal data.
Faced with these challenges, fintechs can bring solutions to help Canadians.
Financial empowerment is the ability to manage daily life in a sustainable way and achieve set goals. It includes:
Making informed choices
Managing income and expenses
Saving money on set objectives
Using credit to meet certain needs
Being protected when facing unexpected situations
Acting safely with personal data
To participate in the Fintech Challenge, the startups must be working on at least one of the above scenarios by providing financial technological solutions that improve personal finance management, planning financial goals, automating savings, learning about online brokerage and investing, and financial education as a whole.
Additionally, the Fintech Challenge is looking for startups that work on the uptake of responsible investment. This can include educating consumers on responsible investing, categorizing & measuring impact of investments and providing opportunities to invest responsibly.
Be a team of at least 2
Have at least one founder or employee who is technical
Have an MVP that has yet to be launched or already have an MVP launched and have initial sales
Be an incorporated entity
Desire to be propelled by an early stage investment
Seeking to collaborate with Desjardins through Startup in Residence incubation program
Fill in the Application Form
The Fintech Challenge is a 4-week program that includes mentoring sessions, workshops, pitch practices, internal Desjardins VIP meetings as well further tools and resources to be able to collaborate with Desjardins.
Applications open: September 10, 2020
Info session: September 24, 2020
Applications deadline: October 7, 2020
Program: October 15-29, 2020
Product demo deadline: October 30, 2020
Semi-finals: November 10, 2020
Grand finale: November 18, 2020
Startup in Residence Kick-Off: January 18, 2021