SIBS PAYFORWARD: Meet the 10 startups joining the Bootcamp

February 21, 2018

The second edition of SIBS PAYFORWARD, an acceleration program done in partnership between SIBS and Beta-i, has already selected the startups for its Bootcamp, from more than 100 startups from 20 different countries. The number of startups applying is impressive, in comparison with last year, considering this edition was mainly focused on startups with Open Banking API solutions.

This change from the first edition reflects the “hot topic” in Europe right now and its challenges: PSD2. What is amazing is that the program was able to captivate startups from the United States or Asia where this topic isn’t that trendy right now. This shows not only the success of the first edition but also the current importance SIBS open innovation approach has worldwide.

The 10 startups attending the Bootcamp were chosen after being carefully evaluated and are focused in areas such as: analytics, clients, payments and security. The lucky 10 are:


Coinscrap Finance

It’s a smartphone app that allows users to round up their daily purchases and automatically save the spare change into financial products such as saving insurance, life insurance or pension funds.



It aggregates invoicing, expense management and bank account management.

Gofact works with integrated solutions in identity, communication and management. A cloud billing solution made for the micro-entrepreneur.



Infin8 created the only mobile banking app that people will ever need regardless of how many banking products they have in different banks. The goal is to carry out all daily banking needs from a single app, making people forget about the financial jargon.


Limitless App

It’s a mobile app which aims to help banks and other financial institutions help Millennials save their own Money. The money is transferred to a dedicated “savings” account rather than invested. Then, some of savings will be invested into risk appropriate, low-cost funds so that clients can achieve their financial goals even faster.



It’s a financial platform which offers to users a holistic approach to personal financial planning and wealth management. It also offers a consolidated view of all income, spending and assets. It also shows to customers where they can save money and help them to better invest their money.



It’s an integrated and an inter-operable financial inclusion solution which uses multiple base hardware solutions (SIM overlay, the secure microSD card and a low cost NFC reader for an 360 degree offering on enabling financial inclusion at the last mile and for the masses).


SEZA.ME: FinPin Technologies

It provides a secure and simple new way of secure logins to potentially all existing password protected accounts by leveraging a mobile phone for primary authentication where possible and for secondary authentication where necessary.



Choose the country to send money to, add the mobile or account number of your recipient, add the amount you’d like to send and include a personal message. SimbaPay, manages the money and risk of the transfer.


Spin Analytics

It brings digital transformation in Credit Risk Management by leveraging predictive analytics, AI and ML techniques on Big Data. It helps business and financial leaders to reformulate their challenges and Convert Data into Actionable Intelligence. Its product implements Credit Risk Models’ development and maintenance by leveraging predictive analytics, AI and ML techniques on Big Data.



It has a platform called Debit2Go which aims turning enterprise data and transactional banking operations into loyalty & business outcomes. Sstategy enables turning customers into subscribers through the use of SDD (SEPA Direct Debit Scheme) linked to the Subscription Economy phenomena.


During the Bootcamp that is taking place from February 26 to March 2, the selected startups will have the opportunity to learn about payments and tech financial solutions, SIBS’s core business, besides having access to the people who work at different branches of the company developing the services the company has both in Portugal and abroad. As if this wasn’t enough the startups will also be part of the biggest Open Banking ecosystem in Portugal.

The bootcamp also includes individual coaching, which means learning how to pitch, workshops and mentoring sessions, considered crucial for startups to improve their business plans as well as adjust their products to the market where SIBS works.

After this 10 weeks of acceleration awaits the startups with the main goal to integrate them at SIBS and that can turn into business, partnerships and even investment.

Everyone involved is eager for the Bootcamp to start. Maria Antónia Saldanha, Brand and Communication Director at SIBS, says “we are very excited with this new phase. The selected startups are all very interesting and we’re looking forward to see how it goes during the bootcamp”.

Manuel Tânger, Co-founder and Head of Open Innovation at Beta-i, has an advice to the startups that made it this far “look at what SIBS is doing and look at the opportunities both inside and outside Portugal where SIBS operates”. And Francisco Carvalho, Program Director, says that “the goal is a high number of conversion rate after the bootcamp, because that means that the quality of the startups, are, like we believe, really high. We’re aiming for seven pilots”.

Let the Bootcamp begin.