Singapore-based PIVOT FINTECH wins Growth Stage Pitch Award in New York City
10 November 2018 (Singapore) -- After deliberation by anonymous judges and distinguished panelists present at the event, Singapore-based startup PIVOT Fintech was declared the second-place winner by Silicon Valley-based OneTraction VC at its inaugural Growth Stage Awards held in New York City on 1st November 2018.
The Growth Stage Awards featured disruptive technology-driven business models across key large industries with hundreds of startups from all over the world competing. Attended by Fortune 500 executives, founders and investors from the US, Asia and Europe, the startups pitched their value proposition with on-the-spot Q&A from the crowd.
“PIVOT is humbled to win this global recognition and honoured to rub shoulders with amazing talent and highly competitive startups across diverse industries. This win is timely as we prepare to launch a mobile wealth management solution in Singapore with potential to serve the underserved and unbanked across Asia”, said PIVOT Founder & CEO Victor Lye.
Unlike robo-advisers that feature a digital shopfront with a human kitchen, PIVOT direct-toconsumer brand “SquirrelSave” is a full end-to-end digital investment management service powered by AI and machine learning.
OneTraction is a Silicon Valley-based Incubator and On-Demand Venture Capital firm founded by Harvard, MIT and Google alumni to help founders launch and grow disruptive startups across diverse industries.
Singapore-based PIVOT Fintech was launched in Oct 2017 by Victor Lye and the PINTEC Group (“PINTEC”), a leading China fintech unicorn, to offer B2B digital wealth management technology services powered by AI and machine learning throughout Southeast Asia. PIVOT was among 11 fintech startups selected from over 166 applicants across the globe to present its solutions at the Fintech Abu Dhabi Innovation Challenge in Oct 2017.
PIVOT is PINTEC’s first venture outside of China to tap the huge fintech potential in Southeast Asia. Tracing its roots to 2012 when it first began operating in the digital lending space, PINTEC is now a leading end-to-end B2B China fintech solutions provider with AI and data-driven technologies such as digital asset allocation and advisory (POLARIS), digital lending (DUMIAO), online mutual funds (HONGDIAN) and online insurance broking (MYFIN).
PIVOT Fintech Pte. Ltd. (201716150D) operates a digital investment management service for end-consumers branded as "SquirrelSave", and holds a Capital Markets Services licence (CMS100806) regulated by the Monetary Authority of Singapore.