On 18 November 2016, DBS HotSpot 2016 reached the final segment of its programme – Demo Day.
After a gruelling 3-month programme of training and workshops, the final 9 teams were chosen out of 250 applicants to enter the DBS HotSpot Pre-Accelerator. These teams were Cafebond, Flide, Foodrazor, HugProperty, Inncee, Pegaxis, Seedly, SushiVid and ToucanApp. Each team received a S$25,000 entrepreneur award for zero equity, and were given help from experienced mentors to further develop their product and refine their pitch and sales strategies. These teams also had an exclusive opportunity to pitch on Demo Day.
As the winner of DBS Hong Kong Accelerator Program, FOMO Pay was also invited to showcase and pitch its business idea to a live audience of angel investors, venture capital firms, accelerators and DBS’ senior management on Demo Day.
Yang Zhan, co-founder of FOMO Pay, presents at DBS HotSpot 2016’s Demo Day.
FOMO Pay’s booth at DBS HotSpot 2016’s Demo Day, alongside the 9 finalists.
Held at DBS Asia X (DAX), Demo Day attracted top investors from the region, and was a great opportunity for FOMO Pay to network with fellow startups and peers from the FinTech industry. It was also the second time the FOMO Pay team was at DAX, which was officially launched just 4 days ago on 14 November 2016.
DBS Singapore innovation facility – DBS Asia X – was officially launched on 14 November 2016.
Located at Fusionopolis at One-North, the 16,000 sq ft area is designed for DBS to connect with startups and entrepreneurs. The space is fully equipped with project pods, co-working spaces, an auditorium and a café to stimulate conversation and fuel innovation. DBS aims to hold regular API hackathons at the space to better collaborate with startups, SMEs and social enterprises to deliver innovative solutions for customers.
About FOMO Pay Pte. Ltd
FOMO Pay is the first authorized WeChat Pay & Baidu Wallet partner in Southeast Asia, and was selected as one of the TOP 100 Asian Companies by E27, TOP 100 Startups by Red Herring Asia, and Top 8 by DBS’ FinTech Accelerator Program.
FOMO Pay provides a one-stop solution for overseas merchants by facilitating payment collection from the China market, including Chinese tourists. This comprises of online/offline Chinese payment modes, such as WeChat Pay, Alipay and Union Pay.
FOMO Pay’s business solution serves clients from a wide range of industries, including the telecom, publishing, tourism and hospitality, F&B, education and retail industries.