Started in 2017, the first non-profit association in the country, Portugal Fintech was created by a team guided by their enthusiasm for technology and finance. It has evolved into a network of individuals and companies, from start-ups to incumbents, dedicated to creating the best conditions for the development of the fintech ecosystem.
Portugal Fintech publishes the yearly Portugal Fintech Report, organized the country’s innovation hub alongside the country’s regulators and now furthers the aspiration of bringing the entire ecosystem to one single place with The Fintech House. In this historical building in the center of Lisbon, it is possible to find startups from all sizes among partners such as Microsoft for Startups, AWS, Google Cloud, Digital Ocean, Visa, Accenture, Fidelidade and BBVA
The idea behind The Fintech House is to foster innovation and make ideas grow. It has created an ecosystem where every fintech, regtech, insuretech and cybersecurity company can easily interact with regulators, legislators, consultants, banks, investors and other relevant entities.
Railsbank will support The Fintech House with technical workshops; hackathons; founder and management mentoring; regular communication with startups; and, introductions to the wider Railsbank fintech community throughout Europe, SE Asia and the US.
Alejandro Murcia, Business Development, Railsbank, said: “I am very pleased that Railsbank has this opportunity to partner what is a growing and very influential fintech community within Portugal. We look forward to helping them over the coming years to represent the voice of Portuguese fintech.”
Simão Cruz, co-founder of Portugal Fintech and The Fintech House, added: “We are really excited to start this partnership with Railsbank, The Fintech House’s purpose is to give the best tools for startups to grow and this new partnership will improve the access of any innovator to financial services and the creation of several Fintech use cases.” *
Railsbank is headquartered in London and has offices in Singapore, Lithuania, the Philippines, Vietnam and Sri Lanka and the US.
It enables any business, or brand to be a fintech. The company is a pioneer and innovator in the Banking as a Platform (BaaP) and Financial Services as a Platform (FSaaP) sectors, defining the future of finance for consumers and SMEs.
Railsbank allows marketers, product managers, developers, CEOs and founders to rapidly prototype, launch and scale financial products using its open finance platform, operations, regulatory licensing and rich set of simple APIs. Railsbank’s APIs are the building blocks that enable customers to build pretty much any financial use-case they can imagine, meaning its customers can deliver delightful finance experiences to consumers and businesses. It was founded by serial entrepreneurs, and fintech veterans Nigel Verdon and Clive Mitchell in 2016.