Synpulse, the global management consultancy to global financial service providers, is glad to announce its partnership with fintech incubator F10.
Through the partnership, Synpulse will invest the equivalent of 1% of its annual revenue into the startup accelerator F10, as part of the funding round in the mid-single-digit million range announced by F10.
Synpulse and F10 are well aligned, with a focus on financial services and startups. This provides a natural opportunity for the two companies to recognise the most promising startups and support them in fuelling rapid growth. In addition, it provides Synpulse the chance to identify new services that could become relevant to its customers – a win-win for more established brands and innovative challengers alike.
Raphael Bianchi, Senior Partner and CEO of Synpulse Switzerland, joined the F10 Board to directly contribute to the strategic direction and innovation of the growing fintech ecosystem.
In addition to providing management consultancy to banking and insurance brands, Synpulse offers end-to-end technology solutions through its tech powerhouse, Synpulse8. This puts it in a unique position to support clients across its entire value chain.
The funds are intended to allow F10 to grow both into new geographies, as well as in its current hubs in Europe and Asia. F10 corporate partners will benefit directly through early access to startups selected across all global programmes and exposure to a growing global network of partners, startups, and investors, as well as increased deal flow and collaboration support.
The industry is rapidly expanding, with the global fintech market expected to grow at a compound annual growth rate of 23.58% from 2021 to 2025.
Raphael Bianchi said, “F10 provides vital support in discovering and growing the new innovative services and talented teams that our industry needs. thave brought a revolution to what has always been a very traditional industry. By working together, we hope to make global connections between the most innovative solutions that are being created and the more established players whose adoption will make them part of the mainstream.”
Andreas Iten, CEO and Co-Founder of F10, added, "We are incredibly excited about Synpulse's investment into F10 and about the synergies that this creates. F10 startups will also benefit greatly from Synpulse's global network. We are looking forward to jointly pushing innovation in the financial industry further."
About F10
F10 is a leading global innovation ecosystem for fintech and insurtech, with hubs in Switzerland, Singapore, and Spain. Its vision is to create the future of finance by accelerating tech startups and connecting them with big businesses, investors, and industry experts. Since its inception in 2015, more than 200 tech startups have participated in F10 programmes, both at the early and growth stages, which have attracted more than USD 280 million in funding.
For more information, visit: https://www.f10.global.
About Synpulse
Synpulse is a global professional services company and a valued partner of leading players in the financial services and related industries. We optimise the proximity to our clients and deep domain expertise to create sustainable value using technology as a business driver.
Leveraging our strong network of over 100 ecosystem partners, we accompany our clients throughout their transformation journey – from strategy and development to implementation and management.
With our tech powerhouse, Synpulse8, we collaborate with our clients to co-create digital experiences with innovative technologies and proprietary methods. Synpulse is powered by the passion and commitment of its more than 800 employees, who come from over 30 countries.
For more information, visit www.synpulse.com.
Media contacts
EUUS: Lisa Benjamin, Lisa.Benjamin@synpulse.com
APAC: Rhea Concepcion, Rhea.Concepcion@synpulse.com