LHoFT Directory - Hosted Members & Fellows by lhoft

LHoFTâ&#x20AC;&#x2122;s Innovators Directory HOSTED FINTECHS AND FELLOW MEMBERS 2019

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

John F Kennedy, speaking in Frankfurt on June 25th, 1963, stated; “….time and the world do not stand still. Change is the law of life. And those who look only to the past or the present are certain to miss the future.” Luxembourg really does look to the future. The Grand-Duchy is a leading financial centre in the EU, with over 130 banks and AuM of over $4 billion in investment funds, second only to the US in the global market. With this base, Luxembourg has a key role to play in pushing European Financial Services forward, leveraging the incredible agility and collaboration that is core to our DNA. Luxembourg has always been very attractive for Payment firms looking for EU passporting due to the nature of the international skill set and language capabilities. However, solutions in the fields of Regtech, Fundtech, Insurtech and Financial Inclusion, particularly in the B2B space, are gaining rapid traction, aligning with the existing industry strengths of Luxembourg. We find that Fintech firms targeting financial institutions with great solutions get better access to decision makers and faster procurement cycles then in most other financial jurisdictions. Key technologies of interest are Blockchain, AI and Big Data. The domestic ecosystem is being catalysed by the entrance of and presence of prominent international Fintech firms such as Ant Financial (Alipay), Paypal, Bitflyer, Amazon Payments, Rakuten Bank and Lendinvest amongst others. I see continued and rapid growth of the Luxembourg Fintech ecosystem, principally as a result of the access to and engagement from the financial institutions in Luxembourg. The traditional financial institutions are hungry for new solutions and are fast becoming more capable of agile engagement. The depth of expertise in English language, being able to apply to the regulator in English, do business in English, and, critically, contracts in English, as well as easily access expertise in nearly all other EU languages and know-how of international business outside of the EU, is attracting firms to do business from Luxembourg. The genuine and effective cooperation between the public sector and the private sector also serves as a great launch pad for continued excellence. Since the formal registration of the LHoFT Foundation just a short time ago in April 2017, we have witnessed incredible interest and growth in the financial technology sector in Luxembourg. Our membership has ballooned by 300% in less than one year and the sector now employs thousands of people. Many leading Fintech firms have chosen Luxembourg as a strategic base of operations, and we are certain that many more firms will do likewise; it makes sense. Sincerely,

Nasir Zubairi CEO of the LHoFT

LHoFT’s Innovators Directory 2019

ABOUT THE LHoFT The LHoFT is Luxembourg's dedicated Fintech platform. It is a partnership between the public & private sector tasked with ensuring the future competitiveness of Luxembourg's financial services with a focus on digital innovation. We work to develop and align the Fintech ecosystem within Luxembourg and connect that ecosystem with the rest of the world to advance solutions. We develop knowledge of fintech and innovation across the community through education programs, workshops and events, and we also drive industry level projects that solve large scale problems. Senior executives from 13 leading private sector institutions sit on our board as leadership circle partners alongside representative from the Luxembourg Government, such as our Chairman, Pierre Gramegna, Luxembourg Minister of Finance, as well as leaders of the Luxembourg Chamber of Commerce, Luxembourg for Finance and PROFIL, the Luxembourg Financial Industry Federation.

LEADERSHIP CIRCLE PARTNERS

INNOVATION PARTNERS

ASSOCIATE PARTNERS

WITH THE SUPPORT OF

PART 1 HOSTED FINTECHS

AMD Group automates tasks and integrates AI to appropriate business processes aiming at helping financial firms reduce costs and make their HR focusing on most critical activities.

Apla is a blockchain platform for organizing economic, public and social activities. These events are powered by smart laws and smart contracts.

Apollonian INSIGHT-analysis helps companies to standout, identify, value, manage and grow their intangible assets and show whether they are able to survive and prosper in a competitive environment.

artfintech.one brings inclusive financial services to the art world, building the Protocol and dApps for a digital art ecology that will create value from sharing art-based asset tokens.

Bigedirect provides payment initiation services to E-Commerce merchants. These will be direct bank-to-bank payments bypassing card scheme payments.

Bitvalley is building a new decentralized economic model, facilitating the adoption of blockchain technology in domains that are ripe for disruption.

BoardMaps software helps drive effective management processes by connecting parties before, during and after meetings and ensuring focus on decisions, actions and results.

CFinance offers easily accessible unsecured loans online with a focus on user friendliness and quality of the service to customers who are in need of financial aid in Finland and Sweden.

PART 1 HOSTED FINTECHS

Code Club is a not-for-profit association run by a community of volunteers who teach the basics of programming to 8-12 year old schoolchildren.

Cyberhedge helps companies better mitigate their cyber risk by expressing the risk in financial terms. Their R&D department's responsibility is to develop and improve our financial models.

DOMOS is the one-stop-shop solution that allows you to concentrate on bringing added-value to your clients by automating a maximum of tasks and processes.

Emergent Payments offers both payment facilitation and gateway services through advanced technology, local operations, data analysis and an experienced payments team.

Europy provides a distributed ledger based platform for investment managers offering control on outsourced services, ensuring ownership of back-office information with additioanl production process flexibility.

FundsQ automates your due diligence process through a powerful online platform with actionable analytics, an elegant user experience unparalleled workflow and system configuration.

Greenwich Dealing offers an outsourced trading solution to provide Clients / Funds with access to Global Markets in a fully transparent process.

Hacknowledge is a Swiss-made security monitoring solution that helps shorten the time between breach and detection.

PART 1 HOSTED FINTECHS

HQLA& provides market participants with a platform improving collateral fluidity by creating a new, more efficient, transparent and cost effective marketplace for liquidity transfers.

Hydrogen cloud-based API platform incorporates blockchain and AI on a global scale. With robust API offerings, Hydrogen allows developers and firms around the globe to build sophisticated fintech applications.

INCERT GIE is a center of expertise providing products and services based on knowledge and experience acquired in cryptography, eTravel documents and cyber security.

Infrachain is a non profit organisation created by the emerging blockchain-related industry and supported by the Luxembourg Government.

Investsuite provides automated investment solutions helping financial institutions retain their clients by addressing their rapidlyevolving digital needs and defend their market positions.

Label R provides a unique ESG and ethical certification and benchmarking for companies and funds.

Licorne Capital designs digital solutions for dynamic and automatic management of stock market portfolios, producing regular annual performance and integrating risk control.

LTS is a new extracurricular school concept to support the development of future Digital Leaders. It teaches 15-20 years old students to technology in a real business context.

PART 1 HOSTED FINTECHS

Mash leverages advanced proprietary algorithms, machine learning capabilities and automated platform to deliver superior finance and payments solutions to thousands of customers every day

Morfin’s mission is to become a world-class “mutual-style” platform bridging the gap between traditional finance and digital banking with blockchain technology.

MyBucks embraces technology as a means to provide financial products and services to the low and middle-income customer segment, predominantly in high-growth emerging markets.

New Amsterdam Services takes full range services and technology based solutions to company’s operations, regulatory and trading documentation needs.

Numbrs is a customer-centric financial services firm enabling its customers to manage their existing bank accounts and personal finances and to buy any financial product from every provider at the best possible price.

Peer Mountain is a blockchain-agnostic decentralized ecosystem for identity aggregation and trust.

QCS brings together the technical team that helps integrate distribution leger technologies into companies business solutions.

Satispay is a new payment system allowing customers to pay in stores or your friends from your smartphone within seconds. The service is completely free and available for download for iPhone, Android and Windows Phone.

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PART 1 HOSTED FINTECHS

Sikoba is a decentralized platform based on peer-to-peer IOUs and build on blockchain technology. Participants who know and trust each other in real life grant each other credit lines in the Sikoba system

Stampify is an entrepreneurship-centric platform to tokenise capital increases. SMEs benefits from the dynamic corporate governance toolbox enhancing a fully digitised 1-to-1 shareholding relationship.

Stokr is an accessible and easy to use peer-to-peer investment platform connecting investors and business founders to finance forward-thinking ideas and to share future profits.

Tetraoâ&#x20AC;&#x2122;s technology enables the automation of any process a human work does on a Web browser, being on public websites or backoffices.

Tokeny is the most trusted tokenization platform. The Luxembourg based fintech connects empowered investors with disruptive companies for running successful, secure and sustainable ICOs.

Tus-S&T is a large technology investment and service group affiliated with Tsinghua University, China. Tuspark operates over 80 incubators hosting more than 5000 innovative startups.

ume has been designed to respond to the asset management industry for an effective automated due diligence of fund distributors.

VNX Exchange is the first marketplace and trading platform for tokenized venture capital assets.

Yapip enables investors and traders to maximize their profit and avoid losing money in the stocks and currencies trading market. )*

PART 2 FELLOW MEMBERS

Aevum Technologies has developed innovative irremovable and irreproducible label-signatures permitting absolute object authentication, fulfilling current market needs.

aixigo offers highly scalable software solutions for multi-channel digitalisation of the financial sector in the area of investment advice and asset management.

Akiba Digital is a mobile app that offers a combination of financial behavioural coaching, a premium rewards program, goal-setting & visualisation to make your savings more effective.

algoreg products enable a fast and compliant onboarding, decreasing operational KYC and reducing negative impacts on customers.

Alto Advisory is a Luxembourg based company which provides professional services to the funds and asset management industry in Europe.

ANote Music is the European marketplace for music rights. Through ANote Music, anybody can invest in music and purchase rights that artists, record labels and publishers decide to sell on the platform.

APENTIS provides the ultimate middle office solution for Funds, Asset Managers, Private Bankers and Family Offices.

ArteĂŻa's solution is an integrated platform serving all the needs of actors in the art market.

AssurBox is a B2B SaaS platform that simplifies communication with insurances by allowing dealers and other partners to make efficient requests to insurances companies in Luxembourg ))

PART 2 FELLOW MEMBERS

behave builds quantitative factor based models for investment professionals, including stock and style selection as well as sector and equity/cash allocation.

Blanco Services enables asset managers and investment firms to scale through modern technology while relieving its clients of much of their operational, controlling, and IT operations.

Blockpulse is launching the first ICO/STO Platform in France to bring more transparency, security and information on the primary crypto market.

BMA advises, supports and trains financial services professionals in the implementation of risk management framework and riskrelated decision making process.

BitPesa is an online payment platform that leverages Blockchain settlement to significantly lower the cost and increase the speed of business payments to, from and within sub-Saharan Africa.

bitFlyer Inc. is the largest bitcoin exchange in the world by volume, transacting $100 billion year-to-date. Since it was founded in 2014, bitFlyer has grown to nearly 1 million users worldwide.

Budget Insight is an AIS (Account Information Service) that allows its clients to connect their applications to the bank of their users. Budget Insight also offers a PFM solution (Personal Finance Management App) for banks and insurance companies.

CDDS provides anti-money laundering (AML) and â&#x20AC;&#x2DC;Know Your Clientâ&#x20AC;&#x2122; (KYC) software and solutions to a wide variety of businesses subject to AML/CFT regulation.

PART 2 FELLOW MEMBERS

Compellio is a software company that develops enterprise applications for private and public organisations, including cloud platforms for digital asset transaction on the blockchain.

ComplianceWise helps its clients by automating their entire compliance process related to KYC, Anti-Money Laundering, AIFMD and Annex IV reporting.

Crosslend offers single-loan securitisation as a service, transforming loans into fungible bonds to enable both institutional & retail investment in consumer and SME credit.

Cygnetise is the blockchain platform that alleviates the pain of managing Authorised Signatory Lists, making it simple, fast and secure.

Duco enables financial services firms to control complex data using light-touch, self-service technology. We are shaping the core of new and efficient operations.

Earthlab combines remote sensing data and computer vision techniques to generate analytics that can be used in the whole insurance value chain.

EMPcorpâ&#x20AC;&#x2122;s aim is to deliver a complete set of global payment methods in combination with a powerful fraud prevention system. The core business is based on E-money and an E-wallet.

101

FFYN enables Professional Investors to take full control of data and relationships on their selected funds.

102

Finologee helps financial industry players re-think, invent and build their customers' experience.

PART 2 FELLOW MEMBERS

103

Four One Financial Services provides licensed and regulated retirement saving schemes and affordable healthcare insurance to the informal sector.

104

Fundsquare delivers a more efficient and standardised infrastructure to the fund industry for the exchange of information and related transaction messages.

105

Governance.com enables their clients to deal with regulatory requirements effortlessly, by collecting and connecting all their data and documents.

106

Hexalina develops and markets a technology that can be integrated into platforms, allowing them to adopt an approach where interests of owners, customers and contributors are aligned.

107

HighWave Capital is the first Robo-Advisor that includes Behavioural Finance to optimize KYC performance and portfolio management.

108

Humaniq is a simple and secure mobile app, delivering financial inclusion solutions globally. Humaniq is a new generation of financial services with its own cryptocurrency.

109

iCompare.lu is the first comparison site of its kind in Luxembourg, allowing consumers to search and buy insurance products based on their needs in 30 seconds.

110

Inclusivity Solutions are experts in creating inclusive digital insurance markets. They help mobile operators and insurers to deliver sustainable insurance solutions for emerging consumers.

111

Insurnext creates beautiful and easy-to-use web solutions for the insurance sector. )"

PART 2 FELLOW MEMBERS

112

Jemmic provides professional services, custom software components and solutions for protecting web sites, portals and users.

114

Keexle is a communication & collaboration tool that encrypts everything end-to-end.

116

LendInvest is the UKâ&#x20AC;&#x2122;s leading marketplace platform for property lending and investing, and one of the UKâ&#x20AC;&#x2122;s largest non-bank mortgage lenders.

117

Lingua Custodia is the leader in applying machine learning to financial translation. It develops specialised and customised machine translation engines.

119

LUXHUB, a joint initiative of major luxembourgish financial and telecom entities aiming at helping the entire digital ecosystem to take advantage of the challenge and opportunities of the European PSD2 directive.

120

LuxTrust provides IT security services and is a trusted third party certified according to the European regulation eIDAS governing electronic identification and trust services in the European market.

121

Neterium offers cloud-based APIs to quickly integrate name screening services into your platform, process or application.

122

Nexvia gives financial tools to take wise Property Decisions and makes Home Buying & Selling an Elevated Experience.

123

Numerium3 is a leading proprietary sytematic trading company.

PART 2 FELLOW MEMBERS

124

OKO provides index insurance and other farming-related services to smallholder farmers in emerging countries using state of the art technologies to monitor rainfall and crop evolution.

125

Onpex provide multi-currency IBAN accounts and acquiring powered by flexible, API-driven technology to create simple, compliant, and cost-efficient payment and banking solutions.

126

Ovamba provides short-term capital to micro, small and medium sized businesses in Africa, emerging markets and the GCC for trade, inventory purchases and growth.

127

Payconiq provides solutiona for mobile payments through an app can be used online and in stores with a simple scan of a QR code as well as amongst friends with our easy money transfer option.

128

Resistant Fund is an investment fund in FIAT which allow cryptomillionaires and ICO startups to invest, diversify and operate in a smooth way.

129

Ripple provides global financial settlement solutions to enable the world to exchange value like it already exchanges information, giving rise to an Internet of Value.

130

RiskConcile develops and deploys cloud-based risk solutions and currently servicing asset management companies, insurance companies and service providers across Europe.

131

Scorechain provides business intelligence and big data for the blockchain technologies as well as risk analysis and metrics for transactions and keys to its customers.

133

Secourriel is specialized in cybersecurity and provides contract ready messaging for sensitive content and an instant legally binding receipt. )$

PART 2 FELLOW MEMBERS

135

At SEQVOIA back office headaches for the fund management industry are solved. KIIDs, PRIIPs and Fund Prospectuses can be produced and managed on SEQVOIA's FundD software.

137

Smart Oversight is a Robotic Process Automation and management tool for the anti-money laundering (AML) process.

138

SnapSwap offers a fully automated online and mobile onboarding solution for banks institutions, telecom operators, insurance companies and investment industry.

140

StarTalers is an online financial coach and roboadvisor that supports women willing to invest sustainably.

141

Szmart Blockz is a private blockchain that facilitates fraud safety for reporting purposes and tailored to the company needs in Procurement for the P2P process (Purchase to pay).

142

Techmedev SĂ rl is a company focused on Blockchain technology in the areas of music, media and data flow management.

143

Tresorio is specialized in mining, cost optimization and crypto portfolio management, developing a better approach to trade efficiently with low volatility on crypto-currencies markets.

144

VALORchain AG unlocks the full potential from tangible assets by solving the problem of poor data quality, provenance and authenticity in connection with tangible assets.

145

The Vouch platform is an online verified digital supply chain platform that enables donors to offer cash donations to communities, both conditional and non-conditional payments.

PART 1

HOSTED FINTECHS

AMD Group [ LUXEMBOURG ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.amdgroup.lu Mr Ali Belcaid, Partner Mr Mirko Teroni, Partner Mr David Cindric, Partner Artificial Intelligence, Robotic Process Automation, ChatBots & Virtual Assistans Luxembourg

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

AMD Group is a Fintech company that brings the best of breed concepts and solutions that not only automate the repetitive and mundane tasks but also integrate Artificial Intelligence to the appropriate business processes with aim to help financial companies reduce their costs and make their human resources focusing on the most critical activities.

PROBLEM SOLVED

Main functional focus: ! Compliance : GDPR, KYC, ... ! Customers On-boarding ! Internal Customers On-boarding (HR) ! Information Security Compliancy Tier 2 Focus : ! Customer Services Support ! Contact Centers & Service Desks

SOLUTION / TECHNOLOGY

UIPath; Automation Anywhere; BluePrism; Microsoft; IBM Watson; RASA; Keras; PyTorch; TensorFlow

COMPETITIVE ADVANTAGE

Added-value for our financial Customers: ! Decreasing their internal costs by automating their activities ! Increasing compliancy by decreasing Risks as automated processes are all logged

MARKET SIZE

Any market size as we work usually on a business case approach with Customers

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

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Apla

[ RUSSIA ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

www.egaas.org | www.apla.io Mr Vitaly Bondar, CEO Mr Denis Bondar, CFO Mr Oleg Strelenko, Founder Payment/ Cryptocurrency / Blockchain Luxembourg, Russia, China, Indonesia, Ukraine 2017

ELEVATOR PITCH

Apla is another step towards creating a paperless economy and digital ecosystem by governments and businesses. Apla has developed a completely new digital solution for managing and processing governmental services, financial and other business operations. The solution deploys the distribution ledger technology (DLT) and customizable smart-contracts as well as smart laws, for the effective and secured functioning of the digital economy. Voting systems, land registries, financial services, medical records, IP rights distribution, donation and other social good market places, is a short list of proven use cases of the Apla block-chain solution. Based on the Estonian experience, the paperless economy can save the state budget around 2 % GDP.

PROBLEM SOLVED

! User-friendly application: Apla makes the development and use of blockchain applications easy, clear and convenient. An original coding language has been created for applications development. ! Transaction speed: Apla makes the blockchain applications work nearly as fast as local web-services. ! Access rights management: Apla implemented at the platform level (not at the contracts level) the mechanism of multi-level management of access rights to elements that applications are comprised of contracts, interfaces, database tables. ! Cybersecurity risk management: Apla develops a smart-law mechanism for legal resolution of cyber-attacks and source code vulnerabilities.

SOLUTION / TECHNOLOGY

Apla is a peer-to-peer blockchain network that uses the delegated proof of stake (DPoS) method as its consensus algorithm. The network structure ensures the maximum bandwidth necessary for work of applications. Execution of smart contracts and provision of disk space as data storage is paid for with fees (commissions) that work as stimulus for maintenance of validating nodes. Validating nodes can be selected by investors/or states.

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

COMPETITIVE ADVANTAGE

Pre-programmed smart-contracts and the original coding language make the development of applications in the Apla eco-system much shorter (approx., 135 hours vs. 1150 hours on Ethereum). Template engine language is harmonized with the contract language for creation of fraud-protected interfaces. Multi-level system for management of rights to create and edit contracts, database tables and interfaces (rights can be granted to persons, roles, and contracts). Implemented smart-laws mechanism. Itâ&#x20AC;&#x2122;s a set of rules that regulate the relations between the platform users, and the user rights to make changes to protocol parameters. Also, smart laws include a collection of rules and actions required to eliminate the consequences of misuse of vulnerabilities in contract codes.

MARKET SIZE

Current capitalization of crypto assets, nearly $150 bln (https://coinmarketcap.com )

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Apollonian [ LUXEMBOURG ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.apollonian.eu Mr Tuomas Saarinen, Chairman Mr Vesa Renfors, COO Mr Andreas Dahlen, Advisory and Institutional Investment Director Mr Tuomas Nousiainen, Investment Research and Advisory Director Analysis and Valuation, Regtech Luxembourg

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

Apollonian INSIGHT-analysis helps companies to standout, identify, value, manage and grow their intangible assets. These assets are fundamental for business development and shows if a company will be able to survive and prosper in a competitive environment over the long haul.

PROBLEM SOLVED

Apollonian INSIGHT increases transparency on the market for both the company and investors as they have a full overview of all assets and their value. Thanks to a more precise valuation - future acquisitions, capital investments, buy-outs and initial public offerings are made easier.

SOLUTION / TECHNOLOGY

Standardized valuation method in accordance with international accounting standards. Suitable for any type of company or portfolio (both equity and debt).

COMPETITIVE ADVANTAGE

Apollonian has a unique approach to company assessment and valuation that identifies all assets, including intangibles, which have a significant impact on revenues and performance. INSIGHT analysis reveals the companyâ&#x20AC;&#x2122;s hidden value and growth potential, resulting in the most accurate analysis of the underlying company value.

MARKET SIZE

!100b

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Artfintech.one [ BELGIUM ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.artfintech.one Mr David Dehaeck Co-Founder & CEO Ms Nathalie Haveman Co-Founder & COO ArtTech, Crypto, Blockchain Luxembourg

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

Artfintech.one is a technology company that brings inclusive financial services to the digital art, design, corporate and hospitality and investment markets. We are currently creating the Protocol and DApps for a digital art ecology that will create value from sharing art-based asset tokens. WUNDER.ART is our first use case for a blockchain-based, distributed museum focused on the dissemination and sustainability of digital art.

PROBLEM SOLVED

To solve the main problem of trust, we created a system where none is required.

SOLUTION / TECHNOLOGY

COMPETITIVE ADVANTAGE

MARKET SIZE

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Creating a blockchain-based liquid and scalable digital art market. ! ! ! !

Team with more than 60 years combined art market expertise Leading experts in our Advisory Board Partner network of industry leaders Proven end-to-end platform to protect, archive and distribute digital art (started building in 2013) ! Creators of the Patron Protocol to fuel this new economy. ! First mover traction resulting from our MVP. ! Open source application layers to fuel an ecology 300B

Bigedirect

[ SWEDEN]

WEBSITE

TEAM

FINTECH SECTOR

ACTIVITIES IN

www.bigedirect.com Mr Gert Funk, CEO Mr Thierry Fromes, Deputy CEO Mr Jonathan Reddin, CRO Mr Marc Funk, COO

Payments

Luxembourg

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

Bigedirect will provide payment initiation services to E commerce merchants. These will be direct Bank to Bank payments and will bypass card scheme payments. We will reduce costs increase successful transactions. Remove the requirements for reserves to be held, ensure merchants receive funds immediately and remove charge back liabilities. We have merchants waiting to move significant volume to us in excess of 40ME per month.

PROBLEM SOLVED

Merchants find card scheme payments expensive with complex rules requiring reserves to be held by banks, complex checkout processes leading to up to a 20% failure rate at checkout and on going liabilities lasting up to 6 months.

SOLUTION / TECHNOLOGY

PSD2 allows a new service of payment initiation allowing consumers to the choice and freedom to pay for goods and services directly from their bank account to the merchant bank account via the BigeDirect platform.

COMPETITIVE ADVANTAGE

We have an existing pool of merchants processing payments through card schemes in challenging verticals such as the travel sector waiting to move volume to us as soon as the platform is licenced and running, the business will generate cash very quickly.

MARKET SIZE

25 Billion Euros +

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Bitvalley

[ LUXEMBOURG ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

ELEVATOR PITCH

www.ibisa.network Ms María Mateo Iborra, project lead Ms Annette Houtekamer, product lead Mr Vu Tien Khang, architect Mr Manuel Martinez, lead developer Mr Jean-Baptiste Pleynet, lead actuary Mr Dan Isaac, operations Insurtech Luxembourg 2018 Insurance contracts are profitable when they cover risks that have a high value and happen rarely, so that administrative costs are acceptable in proportion to the value of the risks. For example, profitable insurance businesses are those that cover property accidents, life insurance, legal suits. Crop micro-insurance has properties that are opposite: values are low (about 200! per pay-out) and losses happen often (less than 3-5 years) so expenses to assess claims are high when compared to the value to be paid. But they are vital to the survival of smallholder farmers. IBISA business model is to keep the operation costs low and succeed by numbers. We’ll start to be profitable above 250’000 farmers joining. The potential market is more than 500M farmers. We have signed letters of cooperation with large NGOs such as BRAC in Bangladesh (40 million farmers in their books) and DHAN foundation in India (1 million of farmers) and 15 more partners. We started to prepare deployment in India in 2018. We’ll do 3 more countries in 2019: Bangladesh, Kenya and Niger

LHoFT’s Innovators Directory 2019

PROBLEM SOLVED

IBISA offers a mutual crop protection service to 500 million smallholder farmers that are today not buying micro-insurance for the reasons above and are therefore unprotected. Once the crop production channel is protected, the way is open to the 4 other channels of larger value insurances: transport insurance, financial price volatility insurance, property insurance and personal insurance. So we contribute to improve the livelihood and the world's food security of more than 1.8 billions persons. And we are contributing to 5 of the SDGs while being profitable.

SOLUTION / TECHNOLOGY

IBISA uses latest technologies to provide efficient large-scale coverage and keep the operating costs low. It uses blockchain to keep low the back-office costs: premium collection, pay-out, claim management, contract renewal. It uses satellite Earth Observation to keep the damage assessment costs low. It models in blockchain the ancestral mutual risk mitigation of the iddirs. Today IBISA has received support from the European Space Agency and from the Luxembourg government.

COMPETITIVE ADVANTAGE

We model an ancestral risk sharing system using the latest technologies of blockchain, Earth Observation and risk modelling. Using them, we will achieve a very low cost of operations and deliver “value-for-money” risk protection to the 500M+ farmers who don’t buy current crop micro insurance. Such traditional mutual reach 70%-95% penetration rate, as compared to less than 0.5% penetration of existing crop microinsurance.

MARKET SIZE

Our market begins with the 500M+ small-scale farmers in underdeveloped agriculture markets that are under protected and financially vulnerable. The Potential market estimates are USD 8.2 Bn. From a geographical perspective, Africa, Latin America and South East Asia are leading the world in untapped potential. This is where new technological developments are bringing what is being labelled as the Next Agricultural Revolution. They are also regions where community-centric agriculture is prevalent over mass exploitations.

LHoFT’s Innovators Directory 2019

AIFMaps & BoardMaps Fintech Solutions [ USA ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

www.boardmaps.lu Mr Jacob Bernstein, Founder & CEO (Austin, TX) Mr Renaud Barbier, Managing Director (Luxembourg) Regtech, Insurtech, Fintech Luxembourg, USA 2018 BoardMaps enables executives to focus their meetings on driving critical initiatives and programs. It does this by :

ELEVATOR PITCH

PROBLEM SOLVED

SOLUTION / TECHNOLOGY

! enabling better meeting preparation ! keeping meetings focused on making decisions ! linking the decisions to action items Meetings inefficiency and cost. By keeping a matter in scope from the time it is first raised until subsequent actions have been completed, BoardMaps ensures that decisions are tied to results. SaaS solution based on Microsoft .Net

COMPETITIVE ADVANTAGE

By keeping a matter in scope from the time it is first raised until subsequent actions have been completed, BoardMaps ensures that decisions are tied to results. This concept of a complete matter life cycle is unique to BoardMaps

MARKET SIZE

Base case Total addressable Market: 158 Mio EUR

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Cfinance

[ FINLAND ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

www.cfinance.com Mr Jarno Partanen, Chairman Mr Atte Suominen, Group CEO Mr Henri Rouvinen, Group COO, Head of Nordics Mr Nickolaus Karlson, Group CRO Lending/ Payments Finland, Sweden, Luxembourg 2005 C Finance is an active Financial Technology company with a profitable financial track record with 35% CAGR. We have served over 350.000 customers in Sweden and Finland since 2005. We are committed to accelerate our growth by launching a new banking experience in existing and new markets in 2019.

ELEVATOR PITCH

Our strategic cornerstones are : a) strong organic growth b) expanding our offerings c) international expansion d) growth through strategic partnerships.

PROBLEM SOLVED

We are the first after primary bank. We are experts in lending money to customers by our own technology. Both consumers and SMEs value easy and superior customer experience. We reduce the lead time of the whole customer process.

SOLUTION / TECHNOLOGY

Fully automatized & digitalised processes. Customers value our easy, fast and highquality customer experience in all our touch points. We have our own in-house developed IT-system and state of the art scoring system.

COMPETITIVE ADVANTAGE

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

We are the first online lending company in the Nordics. We have our own technology platform. Our approach is to collaborate with traditional banks and other serious players in financial industry. We are expanding our business to new services, products and markets in 2019.

Code Club

[ LUXEMBOURG ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.codeclub.lu Mr Claudio Mourato, President Ms Ingrid Zantis, Secretary Mr Marco D’Amico, Treasurer Mr Patrick Welfringer, Project Manager Digital Literacy Luxembourg

YEAR OF INCORPORATION

2013

ELEVATOR PITCH

Code Club is a not-for-profit association that helps a community of volunteers teach the basics of programming to 8-12 year old schoolchildren.

PROBLEM SOLVED

Lack of digital literacy, in particular coding skills

SOLUTION / TECHNOLOGY

Free after-school coding clubs for kids

COMPETITIVE ADVANTAGE

! ! ! !

MARKET SIZE

LHoFT’s Innovators Directory 2019

Fun Free First mover Multilingual lessons and mentors

With enough volunteers, we could start a code club in each of the 100+ communes in Luxembourg.

Cyberhedge [ USA ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.cyber-hedge.com Mr Ryan Dodd, CEO/ Founder Dr. Glenn Lawyer, Head of R&D Cybersecurity/ Financial Services for Managing Information Technology Risk Luxembourg

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

If data, IT and software create enormous value for corporations, how come companies don’t report to their public shareholders how they are managing and protecting their valuable “cyber” assets? They report every other major risk and asset (i.e. credit, financial, health and safety, manufacturing). Commercial organizations need to measure risk in financial terms to rationally manage potential impacts on enterprise value. Cyberhedge is the only company able to measure the changing impact of cyber security risk on shareholder value.

PROBLEM SOLVED

We help companies better measure, manage and communicate the value of their data and information technology assets, a critical source of shareholder value.

SOLUTION / TECHNOLOGY

We use machine learning to analyse over 1,000 data points, covering technical, behavioural, and industry-specific features of a company, to produce a ranking of their cyber vulnerability. Our rankings are benchmarked against changes in market capitalization.

COMPETITIVE ADVANTAGE

We have the only cyber risk management solution which can “speak CFO,” allowing company leadership to report cyber risk mitigation strategies to stakeholders.

MARKET SIZE

Every global corporation above $50mn in revenue

LHoFT’s Innovators Directory 2019

DomosFS

[ UK ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.domosfs.com Mr Arnaud Vinciguerra, CEO Mr Benoît Moulin, Sales Executive Mr Fanny Metz, Clients Services Manager Fundtech/ Regtech/ Risktech/ Proptech UK, Luxembourg

YEAR OF INCORPORATION

2013

ELEVATOR PITCH

DOMOS can help you reduce your operational expenses by 70% or grow your business by the same percentage.

PROBLEM SOLVED

! Risk management : no tools dedicated to PE / RE with a practical hands-on approach and the ability to perform stress testing & pre-investment analysis – DOMOS risk management offers these features. ! Data integration & structuration : no standards in the market and mostly paper documents converted in pdf or scanned – non digital. Data collection and formatting is time consuming. DOMOS Data strategy allows to automate this. Reporting : legal reporting is a constraint. DOMOS offers automation and to leverage on produced reports in order to provide added-value dashboards and reports to another audience: investors, CXOs, board…

SOLUTION / TECHNOLOGY

DOMOS is a SaaS solution dedicated to alternative investment funds with a particular focus on illiquid assets: Real-Estate, Private Equity, Infrastructure and Debt. Based on an online (Luxembourg hosted) database, we offer different modules: ! Data strategy: allowing our clients to transfer operation burden and cost from their team to DOMOS in an automated, controlled and secured way. ! Portfolios: allowing to structure assets around dedicated ID cards, under investment vehicles with their different layers, typically SPVs. ! Transaction & process monitoring: based on state-of-the-art workflow technology; this module allows to collaboratively follow-up on any investment processes, combined with document management features.

COMPETITIVE ADVANTAGE MARKET SIZE

Integrated solution, innovation & SaaS Focus on a niche market: Private Equity, Real-Estate, Debt & Infrastructure + EUR 100 Mio

LHoFT’s Innovators Directory 2019

Emergent Payments [ USA ]

WEBSITE TEAM

www.emergenttechnology.com Ms Rossini Zumwalt, Managing Director, Chief Payment Officer Mr Tim Davis, Managing Director, EMEA

FINTECH SECTOR

Payments

ACTIVITIES IN

Worldwide

YEAR OF INCORPORATION

2013 GO FURTHER. GO LOCAL. The leading emerging markets payment provider. Emergent Payments is the pre-eminent payments provider for digital merchants expanding into high-growth markets.

ELEVATOR PITCH

The only company with full payments coverage in all major emerging regions - Asia Pacific, Latin America, Middle East and Africa. We deliver total solutions for large digital merchants in over 55 high-growth countries. With deep local market penetration and sophisticated FX, repatriation, tax and regulatory expertise, Emergent Payments offers an unparalleled market solution and superior customer service. We are proud of our technology. With a single integration, we give digital merchants access to hundreds of local payment methods around the world.

SOLUTION / TECHNOLOGY

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Emergent Payments: Payments provider delivering local payment methods and market expertise to global digital merchants expanding into emerging markets through a single integration.

First-mover leveraging macro trends in e-commerce and remittance markets. COMPETITIVE ADVANTAGE

Market

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

! The only company able to deliver local payment methods and local market expertise to global digital merchants across all emerging market regions ! Merchants access most preferred local payment methods through a single technology integration ! Additional superior feature set including intelligent routing and smart FX Global B2B2C Payment Market - $1.7tn

EUROPY

[ GERMANY ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.europyconsult.com Mr Stephan F. Raab, CEO Mr Ivan Florentin, CTO FundTech, back-office Luxembourg

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

International distribution of increasingly heterogeneous investment fund products comes with seemingly endless, legislation specific, continuously changing, regulatory, fiscal and client-oriented reporting requirements. Europy provides a distributed ledger-based platform for investment managers offering control on outsourced services, ensuring ownership of back-office information and allowing for additional flexibility within the production process.

PROBLEM SOLVED

Europy allows Investment managers to assume control as well as to flexibly assign and scale tasks upon convenience. This opens completely new ways of handling administrative costs.

SOLUTION / TECHNOLOGY

Europy uses an inhouse private cloud system with distributed ledger technology offering a new way to organize fund administration.

COMPETITIVE ADVANTAGE

Europy brings together profound experience specifying solutions for back-office of investment funds and technical expertise developing accounting systems and distributed-ledger-based applications.

MARKET SIZE

>100k regulated funds worldwide

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

FUNDSQ

[ LUXEMBOURG ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.fundsq.com Mr David Kiener, CEO RegTech / FundTech / RiskTech Luxembourg

YEAR OF INCORPORATION

2016

ELEVATOR PITCH

FundsQ is a RegTech that markets an online platform to conduct Due Diligence on delegated activities (Third Party Risk Management). Due Diligences on delegated activities is a regulatory obligation for financial institutions, including banks, investment firms, investment funds, insurance companies, etc. FundsQ has been designed to be a risk and decision analysis tool that simplifies, speeds up and industrialises the due Diligence process in order to meet the regulatory guidelines.

PROBLEM SOLVED

Currently, the due diligence process is manual and redundant between companies. Moreover, there is no standard and often no added-value for the decision making.

SOLUTION / TECHNOLOGY

FundsQ is an online platform based on a SaaS service designed to provide a full spectrum of tools to assess your providers and delivers powerful technology, actionable analytics, an elegant user experience, unparalleled workflow and system configuration and data security.

COMPETITIVE ADVANTAGE

FundsQ has been developed to meet the regulatory obligations, including: ! the definition of your Risk Based Approach ("RBA") ! a multi-year plan of due diligences ! an extensive range of question types ! the scoring of the due diligence answers ! the written critical analysis of the observations made ! the follow-up of the observations of previous due diligences ! the formalisation of the validation/approval ! the monitoring all types of questions and providers.

MARKET SIZE

The third party risk management market is expected to double from around $ 3 billion in 2017 to 6 billion by 2022.

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Greenwich Dealing

[ SWITZERLAND ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.greenwichdealing.ch Mr Franck Chatillon, CEO Mr Bertrand Mouchot-Chardin, Director & Conducting Officer Securities Trade Lifecycle Switzerland, USA, Luxembourg, Hong Kong

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

Greenwich Dealing offers an outsourced trading solution to provide Clients / Funds an access to Global Markets in a fully transparent process. Our experienced team is the reliable bridge between Institutional Investors and Global Financial Markets, providing sharp, transparent Execution Services for every Asset Class across the globe, relevant market intelligence and valuable advice on trade-related and technical issues. In addition, Greenwich Dealing will ensure the preparation of your MiFID II and EMIR reportings.

Access to global markets through investment banks, brokers, ECN’s and alternative platforms. Access to liquidity, competitive prices and access to primary markets (IPOs, ABOs and new issuers) even for investment firms that would not have the critical size. Cost effectiveness; time to market; cost synergies PROBLEM SOLVED Prevention and detection of market abuse (Article 16 of MAR) Obligation to execute orders on terms most favorable to the client (Articles 27-30 MIFID II) Market transparency and integrity (Articles 31 to 32 MIFID II) Obligation to report transactions (Article 26 MIFIR, Article 9 EMIR) Inducements in relation to research (Article 13 MIFID II) SOLUTION / TECHNOLOGY

Front-to-back portfolio management solutions dedicated to professional needs DATA MANAGEMENT to centralize and automate the entire life cycle of data (integration, control, distribution, analysis)

COMPETITIVE ADVANTAGE

Unique in Europe; innovative; know-how (experience); network; vision; client need Avoiding considerable infrastructure and personnel costs of an in-house desk Concentrating on Asset Management core business Benefitting from expertise that Asset Managers do not have internally

MARKET SIZE

600 Asset Managers (85%) in France manage less than 1 bio ! More than 100 investment firms and more than 600 chapter 15 and 16 management companies in Luxembourg with needs to implement a response to regulation… 2/3 of EU asset manager are potential targets

LHoFT’s Innovators Directory 2019

Hacknowledge [ SWITZERLAND ]

WEBSITE TEAM

FINTECH SECTOR

ACTIVITIES IN YEAR OF INCORPORATION

www.hacknowledge.com Mr Paul SUCH, CEO Ms Barbara Terra, Sales Director Luxembourg

Cyber-Security

Switzerland & Luxembourg

2018

Hacknowledge is a Swiss-made security monitoring solution that will help you shorten the time between breach and detection. Our service is built on experience and intelligence gained from more than a decade of penetration test and mitigating advanced threats. Our R&D is done in Luxembourg and Switzerland.

ELEVATOR PITCH

Searching the logs to find security issues is close to finding a needle in the haystack. This is why we will leverage the use of your existing security devices and fortify your logs with strong indicators of compromise generated by our custom sensors installed on your network. Finally, our experts will provide unique insights that machines lack. Before being sent to you, each alert is validated and analyzed by our security-experts who will also provide you with advices to help you mitigate the threat. Hacknowledge is a unique blend of logs correlation, Intrusion detection system, honeypots, vulnerability scanning, penetration test and much moreâ&#x20AC;Ś

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

HACKNOWLEDGE is a Managed Detection and Response (MDR) services company. We monitor your network 24"7 and our expert security engineers detect and respond to threats using our cutting-edge VISION Cyber ManagementTM solution. We are an extension of your team. PROBLEM SOLVED

! Leverage the time between breach and detection ! Help you qualify breaches and cyber-attacks ! Focus on your business , let professional take care of your cyber-security The average company is receiving +/- 25 alerts per day (from its existing security and network devices) that they are not able to qualify and manageâ&#x20AC;Ś It takes an average time of more than 3 month for a company to realise that it has been hacked. Custom built and developed solution Made in Switzerland & Luxembourg Operated in Luxembourg (for Luxembourg customers) Including, among others :

SOLUTION / TECHNOLOGY

! ! ! ! ! !

Managed SIEM Intrusion detection system Honeypot Penetration testing Vulnerability scanning Prof advice

COMPETITIVE ADVANTAGE

! Same company developing and running the solution -> full control of our solution ! Company funded by cyber-security experts with years of experience ! Affordable solution, also for SME ! Local presence in Luxembourg and Switzerland

MARKET SIZE

All companies are concerned from SME to large corporations Smaller customer today : 5 workstations Largest customer: 16 000 workstations

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

HQLA

[ LUXEMBOURG ]

WEBSITE

TEAM

FINTECH SECTOR

ACTIVITIES IN

www.hqla-x.com Mr Guido Stroemer, CEO - Founder Mr Olly Benkert, Chairman Mr Nick Short, COO Mr Rodney Jordan, IT Operations Manager Blockchain, Securities Lending

Luxembourg

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

HQLA& is an innovative, new collateral lending solution that will improve collateral fluidity, enhance market transparency and promote financial stability.

PROBLEM SOLVED

The implementation of new bank regulations for liquidity, mandatory clearing, and margin requirements for OTC derivatives have caused a significant increase in demand for High Quality Liquid Assets (HQLAs). As a result, there exists a heightened need for a marketplace to facilitate large scale, cost efficient collateral transfers across the global financial eco-system.

SOLUTION/ TECHNOLOGY

HQLA& provides improved collateral fluidity with an operating model that does not require securities to be moved across CSDs. A standardized and transparent marketplace, where regulators are provided with a “Digital Collateral Record” (DCR) tracking view with reduced systemic risks related to ”fire sales” and “fire buys”. HQLA& uses Blockchain technology to exchange the legal-rights to “baskets” of securities held in custody by a trusted third-party to facilitate efficient liquidity management. The solution comprises the following 3 layers: ! Eurex Trading Platform Layer ! R3 Corda Blockchain Distributed Ledger Technology Layer ! Trusted Third-Party layer

LHoFT’s Innovators Directory 2019

COMPETITIVE ADVANTAGE

! Founding members with many years of hands-on experience of liquidity management ! Collaboration with Deutsche Börse Group – leveraging existing Trading Platform/Collateral Management technology & knowledge ! Close product-development & validation collaboration with a core set of key financial institutions ! Close collaboration with R3 for support with the Corda Blockchain platform ! Working with one of the most well established and very highly respected legal firms in Luxembourg to ensure that all regulatory and licensing aspects are fully covered ! No similar services exist today in this specific collateral-lending domain

MARKET SIZE

! 10.8 trillion HQLA outstanding, as per more recent Basel III monitoring report by the Basel Committee of Bank Supervision (October 2018

LHoFT’s Innovators Directory 2019

Hydrogen

[ USA ]

WEBSITE TEAM FINTECH SECTOR

www.hydrogenplatform.com Mr Mike Kane, CEO Mr Matt Kane, CTO Investing, Savings, InsurTech, Wellness, Blockchain

ACTIVITIES IN

USA

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

Hydrogen is the global financial platform of the Web 3.0. The platform includes core infrastructure APIs ("Atom"), public blockchain products and protocols ("Hydro"), an auto-machine learning library ("Ion"), and a design library (“Element”), all designed for developers & enterprises building financial applications in areas such as savings, investing, and insurance.

PROBLEM SOLVED

Our APIs cut the cost of building and running fintech applications by tens of millions of dollars, and the time to market by years.

SOLUTION / TECHNOLOGY

There are typically three use cases - those that need digitization, those that have digitized but need product help, and those that need both. For the first use case, we have an entire API library of core infrastructure that instantly digitizes a financial services firm. For the second use case, we have product specific financial engineering APIs that can do complex analytics, calculations, and help to build product. For the third use case, a firm can first use the core infrastructure and over time phase in the engineering APIs.

COMPETITIVE ADVANTAGE

The Hydrogen team have been leaders in fintech for nearly a decade. Our access to domain experts and talent allows for seamless implementations and growth. Hydrogen offers a modular and extendable APIs.

MARKET SIZE

Our market includes global financial enterprises as well as startups and developers in fintech.

LHoFT’s Innovators Directory 2019

Incert GIE

[ LUXEMBOURG ]

WEBSITE

TEAM

FINTECH SECTOR

ACTIVITIES IN

www.incert.lu ; www.visogo.eu Mr Benoit Poletti, General Director Mr Stan Beeks, Deputy General Director Mr Sylvain Arts, Development & Strategy Director ! Cybersecurity ! Trusted Infrastructure & Services ! Identity authentication technology for KYC Luxembourg

YEAR OF INCORPORATION

2012

ELEVATOR PITCH

INCERT GIE is a centre of expertise providing products and services based on knowledge and experience acquired in cryptography, PKI, eTravel documents and cyber security. INCERT is representing Luxembourg at international standardisation committees within information security domains.

PROBLEM SOLVED

Give a trusted value to KYC processes by using advanced privacy by design technology to verify the authenticity of a person’s identity thanks to the reading of the electronic chip included in eIDs and ePassports.

SOLUTION / TECHNOLOGY

LHoFT’s Innovators Directory 2019

VisoGo: www.visoGo.eu

Infrachain

[ LUXEMBOURG ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.infrachain.com

Mr Marco Houwen, Project Lead Mr Tom Kettels, Project Manager

Blockchain Europe

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

Infrachain provides private chain instances with 3rd party trust by creating a European network of independent node operators. Infrachain is the first European blockchain community accepting an on top governance allowing blockchain applications to become operational.

PROBLEM SOLVED

Infrachain allows blockchain applications to use a compliant ready blockchain and hence to go operationl with their application now.

SOLUTION / TECHNOLOGY

Blockchain technology agnostic

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Investsuite [ BELGIUM]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.investsuite.eu Mr Bart Vanhaeren, CEO Mr Laurent Sorber, CTO Mr Chris Eichhorn, Business Development Mr Hederik Laloo, Growth manager Mr Luk Verhelst, ICT manager Mr Emmanual Wildiers, R&D manager Wealthtech, Roboadvisory, Digital investment, trading platform Belgium

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

A B2B robo advisor with a ground-breaking algorithm and a true back end integration vision, built by 'bankers for bankers' and with a very strong design and machine learning team.

PROBLEM SOLVED

With our product/service, banks can avoid making the !2-5 million capital expenditure to build a roboadvisory product inhouse.

SOLUTION / TECHNOLOGY

B2B Roboadvisor & online trading platform as a service

COMPETITIVE ADVANTAGE

! Innovative portfolio construction algorithm ! Our team has a track record in designing world-class & intuitive customer journeys ! Accurate profiling of retail clients as required by MIFID II ! Know-how required to integrate with core banking systems

MARKET SIZE

We focus on EU markets until 2019

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Label R

[ BELGIUM ]

WEBSITE TEAM

www.Label -r.org Ms Oriane Schoonbroodt, Co-Founder and Executive Director

FINTECH SECTOR

E-services/ AI

ACTIVITIES IN

Luxembourg

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

Label R is a Luxembourg based company providing a unique ESG and ethical certification and benchmarking for companies and funds. Our objective is to enhance companies’ and funds’ reputations, especially those active in sensitive and emerging countries. Over the years, we have seen that ESG and ethical strategies have become critical for companies and funds, and we position ourselves as a trusted-partners to help them structure & implement their ESG strategies and benchmark their ESG risks.

PROBLEM SOLVED

We are the unique certification and benchmarking for private equity, real estate and infrastructure funds. We help investors assess and benchmark the effectiveness of ESG process in investment strategies.

SOLUTION / TECHNOLOGY

We create a platform to help our clients and auditors assess their ESG processes. In the near future, this platform will allow advanced analytics & semantics extraction for automated benchmarking and audit process.

COMPETITIVE ADVANTAGE

We are the first one on this market

MARKET SIZE

LHoFT’s Innovators Directory 2019

All the private equity, real estate and infrastructure funds having operations in sensitive and emerging zones.

Licorne Capital

[ LUXEMBOURG ]

WEBSITE

TEAM FINTECH SECTOR ACTIVITIES IN

www.licornecapital.com Mr Patrick Dan Piller CEO Mr Didier Dufraisse CIO Robo-asset-manager, WealthTech Luxembourg

YEAR OF INCORPORATION

2013

ELEVATOR PITCH

The first Robo-asset-manager designed for private portfolios that scans the worldwide financial markets to detect investment opportunities and provide positive performance whatever the global or local economic context.

PROBLEM SOLVED

! Detection of rising or falling trends in any financial markets ! Automation of the continuous adaptation to changing economic context and of the search for investment opportunities.

SOLUTION / TECHNOLOGY

! Cloud serverless solution. ! Web-based customer interaction. ! Big data and machine learning techniques.

COMPETITIVE ADVANTAGE

During turbulent or bear markets, the target of traditional Robo-advisors is to limit the potential losses through assets rebalancing. There is no will or ability to capture return in bear market through an absolute return approach that is today only used by successful Hedge Funds. As an alternative to these Robo-advisors, Licorne will offer absolute return to their clients.

MARKET SIZE

63.5 trillion USD, savings hold by worldwide HNWI.

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Luxembourg Tech School

[ LUXEMBOURG ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.techschool.lu Dr Sergio Coronado, Lead Coach Mr Ralph Marschall, Lead Coach Ms Anush Manukyan, Lead Coach Dr Christophe Tréfois, Lead Coach Fintech Education/ Big Data/ Artificial Intelligence Luxembourg

YEAR OF INCORPORATION

2016

ELEVATOR PITCH

LTS is a new extracurricular school concept to support the development of “Future Digital Leaders”. It is aimed at 15-19 years old students who are passionate about the digital realm and eager to learn and apply technology in a real business context.

PROBLEM SOLVED

Offer a business and technology program to 15-19 years old high school students. LTS has developed a unique teaching approach as a result of the many years of experience of its founding members. The approach is based on 5 principles:

SOLUTION / TECHNOLOGY

MARKET SIZE

LHoFT’s Innovators Directory 2019

! Project Based; students create their own output within a team. ! Open Scope Selection; project subjects are proposed and selected by the students ! Hands-on from day 1 - Playground; crash courses first, “theory” discovery after ! Business Included; it is not about coding, this is not a coding school, it is about how to use technology to solve business needs/problems ! Classroom Flipped 100%; “theory” is delivered in a discovery and engaging video performing format

~41.000 students

Mash

[ FINLAND ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.mash.com Mr James Hickson, Group CEO Mr Jean-Marc Fandel, Group COO Mr Gaëtan Van Wynsberghe, Group CFO Mr Tomas Marty, Group Chief Sales Officer Mr Jérôme Dave, Group Head International Business Mr Joachim von Schantz, Group CIO Mr Juho Wallenius, Group CMO Lending/ Payment Finland, Luxembourg, Sweden, Poland, Spain

YEAR OF INCORPORATION

2007, as Euroloan Group Plc, rebranded as Mash Group Plc in February 2018

ELEVATOR PITCH

Mash is established in five European countries and its unique operational model is designed to deliver consumer finance and payment solutions instantaneously to customers at competitive prices. Mash is rapidly scaling across Europe utilizing advanced proprietary algorithms, machine learning and true end-to-end automated processes. Mash has been recognized as one of the fastest growing Fintech companies in Europe and was selected among 1800 peers to be part of the 2018 FINTECH50.

PROBLEM SOLVED

The proprietary system has the ability to on-board and transact with clients at significantly reduced time and cost compared with traditional consumer lending models. The Group has developed fully automated and scalable cloud-based solutions coupled with secure cross platform technology (ISO27001:2013certified). Customers are on-boarded in real time and receive instantaneous autonomous credit, anti-money laundering (“AML”) and know your client (“KYC”) checks without ever having to visit a physical location. The automated credit assessment system uses 200 different data-points to instantly assess the credit risk of clients and is able to consider 1,800 credit applications per minute, with an individual decision delivered in under one second. The Group’s technology is both scalable and highly stable (99.97% uptime).

LHoFT’s Innovators Directory 2019

Today, the Group has over 50,000 active customers and operates within two main product categories: B2C CONSUMER LENDING: ! Revolving credit limits up to EUR 10,000. Launched in 2013 ! Branded consumer credit cards SOLUTION / TECHNOLOGY

B2B MERCHANT PAYMENT SOLUTIONS: ! Pay by invoice solutions for e-commerce stores on a white label and branded basis. Launched in 2017 ! Through an exclusive partnership with Verifone, the Group provides “pay-byinvoice” solutions at the physical point of sale. This provides a low-cost customer acquisition channel for the Group and is expected to materially accelerate revenue growth. Launched in 2017 Mash is focused on offering differentiated services that drive customer engagement and life time customer value: ! High Customer Lifetime Value: Whilst most competitors focus on delivering single loan products, Mash’s credit revolver drives long-term retention as customers use the product to help manage their financial life. As a result, on a lifetime basis, the Group’s customer acquisition costs are low.

COMPETITIVE ADVANTAGE

! Service Quality: Mash aims to deliver exceptional service, as shown by its 12 months NPS average score of 53 (Average score from March 2017 to February 2018). ! Speed: Unlike banks and many other fintech players, the Group’s autonomous automated systems enable instant credit decisions as well as the capacity to make funds available instantaneously. ! Advantaged Modes of Customer Acquisition: Mash’s partnership agreement with Verifone is unique as it provides a) low cost customer acquisition at point of sale, b) scale distribution with two million daily transactions completed on the Finnish network alone, and higher quality customers via the point of sale and e-commerce channel

MARKET SIZE

LHoFT’s Innovators Directory 2019

Approx. 220 bn EUR in new consumer loans granted each year in the EU

Morfin

[ LUXEMBOURG ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.morfin.io Mr Vlad Centea, Business & Partnerships Mr Paul Mijoiu, Operations & Marketing Mr Ionut Negru, Product Development Lead Payment/ Blockchain/ Digtial Assets Luxembourg

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

Banking for the blockchain generation. Mobile p2p banking and digital assets morphing into one holistic solution through compliance and security leading the path to blockchain mass adoption.

PROBLEM SOLVED

Today most users of digital assets are kept outside the banking systems because the banks are not equipped to tackle compliance and technology necessary to work with public blockchains. Banks have to pass on many big opportunities related to digital assets and their customers though they would like to be involved. Morfin.io is bridging that gap by building a reliant bridge between the banking world and the world of digital assets by creating compliant interfaces between all actors in the blockchain space and regulated financial institutions.

SOLUTION / TECHNOLOGY

Proprietary wallet solution for Ethereum and Bitcoin designed to comply with banking regulation.

COMPETITIVE ADVANTAGE

The only banking grade wallet solution for management of digital assets. First (open) protocol for blockchain identities for the financial sector.

MARKET SIZE

200m users of digital assets and growing

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

MyBucks

[ SOUTH AFRICA ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.mybucks.com Mr Dave van Niekerk, CEO Mr Timothy Nuy, Deputy-CEO Mr Sergey Gorchakov, Group Financial Controller Luxembourg Lending / E-banking Africa, Europe, Australia

YEAR OF INCORPORATION

2015

ELEVATOR PITCH

MyBucks is a FinTech company based in Luxembourg that delivers seamless financial services through technology. Through its brands GetBucks and GetSure, the company offers unsecured consumer loans, banking solutions and insurance products to customers. MyBucks has experienced exponential growth since its inception in 2011 and has operations in twelve African and two European countries as well as in Australia. MyBucks aims to ensure that its product offering is accessible, simple and trustworthy in comparison to traditional, non-technological methods, ultimately working towards enhancing the benefits to the customer. The MyBucks’ product offering enables customers to manage their financial affairs easily and conveniently.

PROBLEM SOLVED

Granting credit to individuals in emerging markets

SOLUTION / TECHNOLOGY

Self-learning algorithms

COMPETITIVE ADVANTAGE

! First mover on fintech in Africa ! Adapting to a very challenging operational environment ! Allows for applicability in most emerging markets globally

MARKET SIZE

1 billion people in Africa + 400 million smart phones in the next four years

LHoFT’s Innovators Directory 2019

NewAmsterdamServices

[ USA ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

ELEVATOR PITCH

PROBLEM SOLVED

www.NewAmsterdamAdvisory.com Mr Rob Philippa, partner Mr Dan Corn, partner Mr Benoit Caire, consultant Mr Peter Hoogweg, consultant Financial services operations automation & optimization US, Europe 2010

A hands-on team of experienced senior derivatives and securities operations experts to help financial service providers to optimize workflows, infrastructure and staffing needs by leveraging best-of-breed platforms and applications. Expanding the market of potential business opportunities from the Americas into Europe. ! Implementation of comprehensive technology platform for a major LatAm investment bank. ! Process improvement and resource management for U.S. subsidiary of a European investment bank

SOLUTION / TECHNOLOGY

Applying best-of-breed platform & optimization of operational workflows

COMPETITIVE ADVANTAGE

Senior expertise, broad and deep network of industry contacts. We “come in, do the job and get out of your way”; no long-term contractual obligations but highly targeted, clearly defined transformation projects.

MARKET SIZE

Europe: >$10MM/year in consulting/contract fees around operational automation, workflow design and improvement opportunities for mid-size financial services firms

LHoFT’s Innovators Directory 2019

Numbrs

[ SWITZERLAND ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

www.numbrs.com Mr Steven Brown, Luxembourg General Manager Mr Adrien Cominotto, Luxembourg Technical Director Mr Raphael Nanlal, Compliance Officer Payments/ Banking Luxembourg, Switzerland 2018

ELEVATOR PITCH

Numbrs has developed a leading mobile banking app (the “Numbrs App”), with which users can take control of their finances without having to depend on their bank. Numbrs aggregates bank accounts from over 3,500 banks, allowing its users to maintain a clear overview of their finances, as well as initiating transactions. Currently, Numbrs users manage over 1.5 million bank accounts in Germany alone. The Numbrs App was ranked the #1 (non-bank) banking app for iOS and Android. Our independence from banks makes us a trusted and impartial partner and provider for our users. The Numbrs group employs more than 130 people from all over the world and recently opened an office in Luxembourg.

PROBLEM SOLVED

The Numbrs App allows our users to manage their finances across various bank accounts using one platform. Our focus is on neutrality, simplicity and security, and our platform was therefore designed solely with the user’s best interest at heart.

SOLUTION / TECHNOLOGY

Mobile-Banking

COMPETITIVE ADVANTAGE

Numbrs is a technology company, and not a bank, and as such we place our whole focus on developing the best technology for our users.

LHoFT’s Innovators Directory 2019

Peermountain

[ LUXEMBOURG ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.peermountain.com Mr Jed Grant, CEO Mr Dr. Markus Forster, CTO Mr Joel Wealer, COO Blockchain, Regtech, KYC/AML, Onboarding US, Europe

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

Peer Mountain is a decentralized ecosystem for identity aggregation, trust and compliance. PeerMountain rewards trustworthiness, encourages responsible behavior and automates compliance. Our Peer Chain technology has the scalability and reliability to bring blockchain based trust to real enterprise business cases, today.

PROBLEM SOLVED

Establishment and record of trust for business transactions

SOLUTION / TECHNOLOGY

Decentralized blockchain based ecosystem of trust

COMPETITIVE ADVANTAGE

! Patent ! Open ecosystem ! Low cost, fast deployment

MARKET SIZE

Consumer finance & insurance

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

QCS

[ RUSSIA]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.linkedin.com/in/anna-it/ Ms Anna Protopopova, Co-Founder Fintech/ Crypto/ Core IT Infrastucture Luxembourg

YEAR OF INCORPORATION

2016

ELEVATOR PITCH

As Fintech enthusiast and technical natives, we have a deep understanding both the fundamentals technologies and business environment of Distribution Ledger Technologies. We bring together the technical team to help the different companies to integrate distribution ledger technologies into their business solutions.

PROBLEM SOLVED

Lack of understanding of technology and features of the blockchain economy

SOLUTION / TECHNOLOGY

Blockchain

COMPETITIVE ADVANTAGE

! Significant research and development ! Market expertise

MARKET SIZE

50 mln EUR

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Satispay

[ ITALY ]

WEBSITE TEAM

FINTECH SECTOR ACTIVITIES IN

www.satispay.com Mr Samuele Pinta, COO Mr Alberto Dalmasso, CEO Mr Dario Brignone, CTO Payments Luxembourg, London, Italy

YEAR OF INCORPORATION

2014

ELEVATOR PITCH

Creating a profile is as simple as downloading the Satispay app and signing up with your personal ID and bank account IBAN. Once activated, the user then sets the weekly balance that they wish to have available on the app. The Satispay account is topped up automatically every week, allowing users to top-up phone credit, pay in affiliated stores (online and offline), pay public administration services, exchange money with friends and set aside small amounts of money. The service is completely free for consumers: no signup costs, top-up fees or commissions for money transfers. There are no sign-up costs or monthly fees for businesses either. The sole charge for merchants is a fixed commission of 0.20 ! which is only applicable to payments greater than 10 ! (all payments below 10 ! are free). Due to its competitive prices and ease of use, Satispay was immediately recognised as an efficient response to a concrete need, thus pushing its widespread acceptance both among private users and businesses.

PROBLEM SOLVED

Lowering the high commissions that are typical of the electronic payment sector.

SOLUTION / TECHNOLOGY

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Satispay is a new payment network allowing people to send money from a smartphone app that is simple, secure and independent from any specific bank or credit/debit card network.

COMPETITIVE ADVANTAGE

! Attractive offering & Growth Perspective ! Independent mobile payment network that doesnâ&#x20AC;&#x2122;t rely on credit/debit cards ! No costs for individuals and an extremely attractive pricing for merchants that is ..significantly cheaper than credit/debit cards ! Existing customer base of more than 48k merchants and more than 375k users, growing at a constantly increasing rate ! Efficient and ready to scale set-up ! Amazon Web Service Hosting: no IT architectural limitation on scalability, expandable at marginal cost ! EBA CH Connection: permission to perform SEPA transactions on any European bank account ! E-money license & passporting ! High barriers to entry in the market ! Proprietary Payment Gateway connected to EBA clearing that guarantees efficiency and access to any European bank account ! Fully integrated with ! all Ingenico, PAX and Verifone POS; ! 90% of the cash registers available on the Italian market (50% in the European Market). ! Major e-commerce carts (Magento, Prestashop, WooCommerce) ! PagoPA (all Italian Public Administration payments), ! Mobile operators active in Italy ! Active customer base ! 80% retention rate over 12 months ! Average of 6 transactions/month per active consumers vs. 2.8 transactions via credit/debit cards (Italian Market) ! ! 19 average transaction vs. ! 50 average transaction for debit/credit cards ! User friendly for merchants through a wide range of channels: Payment Terminals, Cash Registers, Desktop computers, Smartphones & Tablets

MARKET SIZE

Currently: 357K consumers Our goal for 2019: 800K consumers

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

SIKOBA RESEARCH

[ LUXEMBOURG ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

ELEVATOR PITCH

PROBLEM SOLVED SOLUTION / TECHNOLOGY COMPETITIVE ADVANTAGE

LHoFT’s Innovators Directory 2019

www.research.sikoba.com Mr Aleksander Kampa, Director Ms Stéphane Vincent, CSO Mr Guillaume Drevon, CTO Distributed systems research Luxembourg 2018 Our purpose is to conduct fundamental and applied research in the areas of cryptography, blockchain and distributed systems. The goal is not just to write academic papers and file patents, but also to develop software that can be used by existing and future blockchain platforms. Our main aim is to improve the privacy and performance of blockchain platforms. The first product under development is the Isekai verifiable computation software ( https://github.com/sikoba/isekai) A unique mix of research, IT and business experience.

Stampify

[ ESTONIA ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.stampify.me Mr Guillaume de Vergnies, CEO Mr Bernard Legros, CTO Fundtech, Regtech, Crypto & Blockchain Luxembourg, Estonia

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

PROBLEM SOLVED

SME equity investments are now accessible, more credible and by definition liquid without creating any shareholders administration burden.

SOLUTION / TECHNOLOGY

The distributed ledger technologies track the auditability of corporate governance actions and register the equity tokenizations and transactions.

COMPETITIVE ADVANTAGE

Stampify provides a unique 1-to-1 connection linking companies with their shareholders while providing automation for legal interactions.

MARKET SIZE

EUR 100+ billion in 2017 (PE, VC, BA, CE) Source : European Investment Fund

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Stokr

[ GERMANY ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.stokr.io Mr Tobias Seidl, Co-founder and project lead Mr Arnab Naskar, Co-founder and business development Mr Lukas Cremer, CTO Investment, Crowdfunding, Regtech Luxembourg, Germany

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

We’re an accessible and easy to use peer-to-peer investment platform connecting retail investors and business founders to finance forward-thinking ideas and a share of future profits.

PROBLEM SOLVED

Only 1% of small and medium sized business (SMEs) in Europe have access to capital markets. Retail investors do not have access to investments in SMEs.

SOLUTION / TECHNOLOGY

STOKR provides an interface in the form of a crowd investing platform which is built on the blockchain to create independent access to new capital markets. Through EU-compliant security token offerings (STOs), everyday investors can directly fund innovative start-ups and SMEs in return for a share of the venture’s future profits.

COMPETITIVE ADVANTAGE

STOKR provides a direct link between retail investors and SMEs through the issuance of transferable security tokens. STOKR combines the elements of tokenisation, community and education on its platform.

MARKET SIZE

1,5 trillion EUR

LHoFT’s Innovators Directory 2019

Tetrao

[ LUXEMBOURG ]

WEBSITE TEAM FINTECH SECTOR

ACTIVITIES IN

www.tetrao.eu Mr Christian Gillot, Founder & CEO Regtech/ Fundtech/ AI

Luxembourg, France, Spain

YEAR OF INCORPORATION

2014

ELEVATOR PITCH

Every day, millions of people process manually the same kind of documentation produced by thousands of different actors. It is slow, expensive and cannot scale. Tetrao has developped an artificial intelligence, uniquely capable to reliably automate those processes. We are already making a difference for our customers, live for business onboarding and funds documentation.

PROBLEM SOLVED

Automation of complex processes involving documents written for humans, especially about businesses (f.i. by laws, business register extract) and funds documentations (f.i. KIID, PRIIPS, Annual reports, Prospectus, etc).

SOLUTION / TECHNOLOGY

Proprietary Adaptative Artificial Intelligence capable to take control of an Internet browser like a human being and process PDF and Web documentation.

COMPETITIVE ADVANTAGE

Our automation technology is the only one on the market that simulates the human behavior so that it can reliably automate processes by being insensitive to technical and layout modifications in websites and PDF documents.

MARKET SIZE

120 billion USD by 2020

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Tokeny

[ LUXEMBOURG ]

WEBSITE TEAM

FINTECH SECTOR ACTIVITIES IN

www.tokeny.com Mr Luc Falempin , CEO Mr Daniel Coheur, Chief Strategy Officer Mr Michael Barrell, Chief Marketing Officer Fintech / Fundtech / Cryptocurrency / Blockchain Luxembourg

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

Tokeny is the most trusted tokenization platform. The Luxembourg based fintech connects empowered investors with disruptive companies for running successful, secure and sustainable ICOs. The end-to-end platform allows its clients to digitize any assets by issuing compliant and tradable security or utility tokens.

PROBLEM SOLVED

Tokeny brings liquidity, trust, transparency and massive cost savings to the process of corporate fundraising.

SOLUTION / TECHNOLOGY

The solution leverages distributed ledger technologies to manage the tokens issuance and lifecycle, and enables the subsequent transactions between issuers and contributors.

COMPETITIVE ADVANTAGE

Tokeny is the only company dedicated to providing a secure end-to-end platform that allowing the sale and management of tokens during and after an ICO or STO.

MARKET SIZE

US$84.9 trillion of Assets under management in 2016. US$111.2 trillion by 2020 (Source PwC)

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

TUSPARK Technology Investment Europe [ CHINA ]

WEBSITE TEAM

FINTECH SECTOR

ACTIVITIES IN

www.tusholdings.com Mr Lin Lei, Managing Director Mr Daniel Wang, General Manager Mr James - Yiqi LIU, Intl. & Financial Affairs Payment/ Fundtech/ Cryptocurrency/ Insurtech, … We are a subsidiary of Tus S&T Group with strong interest in fintech sector and technologies such as: financial big data, big data credit, consumer finance, network pay, network lending, online investment, Internet insurance, block chain, crowd funding, supply chain finance etc. Worldwide except in South-America

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

Tus-S&T is a large technology investment and service group affiliated with Tsinghua University, China. We manage a total AUM over US 5 billion. It is the controlling shareholder or shareholder of a number listed public companies and more than 300 private companies. It has invested and operates over 80 incubators/accelerators hosting more than 5000 start-ups in China and overseas to promote innovation. Tus-S&T inherits the capability of a full supply-chain incubation established by Tus-Holdings with the model of “incubation + investment + M&As”.

PROBLEM SOLVED

Global solutions for innovation and early growth of small entrepreneurship who is developing business with advanced technologies but lack of funding.

SOLUTION / TECHNOLOGY

Our listed public companies and more than 300 private companies who have leading technologies in various fields to collaborate with European partners with innovative technologies.

COMPETITIVE ADVANTAGE

We have experiences of operating with over 80 incubators and over 300 companies in China and overseas with various technologies. We have top human resources and outstanding Alumnis worldwide and at home of the Tsinghua University which is considered No. 35th globally by The Times Higher Education World University Rankings 2016-2017.

LHoFT’s Innovators Directory 2019

ume

[ LUXEMBOURG ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.ume.solutions Mr Laurent Denayer, CEO Mr Oleksiy Shostak, CTO Regtech Luxembourg, France, Switzerland, UK

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

ume (‘you-me’) has been designed to respond to the asset management industry demands for an effective automated framework for the due diligence of fund distributors. ume standardizes and mutualizes the due diligence process which result in a win-win solution for fund distributors and management companies.

PROBLEM SOLVED

Management companies are performing the due diligence on their fund distributors using their own questionnaire (DDQ). Fund distributors need to answer multiple questionnaires that in essence are trying to capture the same information. This process is still very manual and consumes a lot of resources, particularly in the collection of information. Management companies have a partial view of their distributors (iceberg view). Management companies at the same time have difficulties to find new distributors.

SOLUTION / TECHNOLOGY

! Streamline due diligence exercise via a mutualized and standardized DDQ ! Use of data analytics ! Access to overall population of participating distributors (Trip Advisor like solution)

COMPETITIVE ADVANTAGE

Unique technology + team experience and knowledge of the fund industry

MARKET SIZE

Management companies distributing funds on a cross-border basis (mainly located in Luxembourg and Ireland) Estimated costs dedicated on due diligence of fund distributors: EUR 250 million

LHoFT’s Innovators Directory 2019

VNX

[ RUSSIA ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.vnx.io Mr Alexander Tkachenko, CEO Mr Vladimir Khanumyan, Chairman Mr Dominique Valschaerts, Member of the Board Blockchain Europe, Russia, Asia

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

VNX Exchange is building the first European digital marketplace aimed at bringing liquidity to the $620 billion global venture capital industry. Tokenizing the investment portfolios of VC firms and startup accelerators will open them up for trading in a secure and investor-friendly environment. VNX plans to solve the venture capital industryâ&#x20AC;&#x2122;s liquidity problem that results in capital being locked in. This, in turn, will stimulate an influx of new capital into technology, innovation, and entrepreneurship.

PROBLEM SOLVED

Venture capital plays a vital role in supporting innovations and entrepreneurship and is one of the most attractive investment classes. Yet, the majority of institutional and 'main street' investors are not able to invest due to limitations of expertise and capital requirements as well as a long capital lock up (average time to liquidity is 10 years). These barriers stall the development of the VC industry, forcing venture investors to focus on less riskier later stage deals, while raising the bar and reducing support for early stage startups. VNX is building a marketplace to bring together VC funds and investors from all over the world to solve VC industry liquidity problem.

SOLUTION / TECHNOLOGY

Tokenization as an instrument enables investors to get access to future proceeds from the exits in investment portfolios of VC funds and startup accelerators. By tokenizing their investments and making them tradeable on a liquid secondary market, VC fund managers will be able to significantly reduce the capital locked up for their existing investors (limited partners) and attract a much broader investor base.

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

COMPETITIVE ADVANTAGE

! An industry leading team with proven track record in building and running multi-billion dollar public companies ! Support in Luxembourg in development of a new blockchain infrastructure project ! Working with the top legal and “Big 4” audit firms to ensure full regulatory compliance within the EU and Luxembourg ! Strong international technology team enhanced by industry leading partnerships, such as with the University of Luxembourg’s SnT Center – one of the top European blockchain research labs ! Strong relationships with top EU-based crypto exchanges

MARKET SIZE

$620 billion global venture capital industry

LHoFT’s Innovators Directory 2019

Yapip

[ SYRIA ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.yapip.com

Mr Saleem Najjar, CEO Mr Rami Alattar, Stock Market Analyst Mr Emad Aljaghasi, CTO Investment Luxembourg, Syria

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

Yapip enables investors and traders to maximize their profit and avoid losing money in the stocks and currencies trading market through sharing.

PROBLEM SOLVED

SOLUTION / TECHNOLOGY

95% of traders lose their capital while trying to make profit, it helps traders and investors to be part of the 5% who win in this market. Also, average trader can analyse up to 20 charts a day, while Yapip can analyse thousands of charts and stocks a day. An algorithm that keeps analysing hundreds of trading charts of markets around the world in order to share the best opportunities. At some point, the algorithm will start learning from the winning and losing opportunities/signals.

COMPETITIVE ADVANTAGE

! Personalization: Each signal is different as it takes into consideration the single trader conditions. ! Auto-investing: As the recommendations and signals can be applied on autopilot mode without the need of trader interfering.

MARKET SIZE

10 millions investors and traders in the MENA region.

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

PART 2

FELLOW MEMBERS

Aevum Technologies

[ LUXEMBOURG]

WEBSITE

www.aevumtech.com

TEAM

Mr Jonathan Arias Mr Nicholas Bahrich Mr Adam Jozefiak

FINTECH SECTOR ACTIVITIES IN

Insurtech UK, Luxembourg

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

Counterfeit of goods results in the loss of billions of euros per year. An important effected group corresponds to firms dealing in luxury items, critical structural components and pharmaceuticals. In addition to the effected firms, their insurers and customers are also impacted. Aevum Technologies has developed innovative irremovable and irreproducible label-signatures permitting absolute object authentication, fulfilling current market needs. This solution is provided by Aevumâ&#x20AC;&#x2122;s proprietary, patent pending, authentication technologies.

PROBLEM SOLVED

Providing absolute authenticity of physical items. Additionally, encoding information into physical authentication technology for smart provenance of items such as, insured works of art, and critical goods like pharmaceuticals and steel.

SOLUTION / TECHNOLOGY

Providing absolute authenticity with a combination of cutting edge techniques including nanotechnology, DNA sequencing and microtechnology; underpinned by proprietary algorithms and a cloud based client platform.

COMPETITIVE ADVANTAGE

Aevum Technologies has a portfolio of patents

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

aixigo

[ GERMANY ]

WEBSITE TEAM

www.aixigo.de api.aixigo.com Mr Michael Decker, Sales Manager Mr Mario Alves, Head of Sales & Partner Management Mr Tabea Preiss, Sales Marketing & Communication

FINTECH SECTOR

Digital Wealth Management Technology

ACTIVITIES IN YEAR OF INCORPORATION

Germany

ELEVATOR PITCH

PROBLEM SOLVED

1999 aixigo is about technology for personal investment since 1999. We believe this business is facing a crucial change. Due to fierce regulation and rapidly evolving customer expectations the highly attractive personal investment business is due for a revolution through digitalization. Game changing institutions will industrialize the manufactural wealth management turning it into a combination of personal excellence & digital intelligence with a 1:1 product-to-customer individuality. aixigo delivers the infrastructure, a high performance portfolio management and advisory set of APIs, capable of handling millions of customers in milliseconds using transaction based technology, such as customer profiling, composing, monitoring, rebalancing, ordering and reporting of an individual portfolio. These APIs can be used in multichannel architectures to serve mobile customers as well as branch customers. Solving requirements concerning the request-respond time of all services within the portfolio management to extreme low latency (milliseconds).

SOLUTION / TECHNOLOGY

API based digital wealth management infrastructure

COMPETITIVE ADVANTAGE

aixigo has the fastest digital wealth management infrastructure on the market offering state of the art flexibility, scalability and high performance technology

MARKET SIZE

Market leader Germany, Austria, Switzerland, launched internationalization to BENELUX, France & UK

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Akiba Digital

[ SOUTH AFRICA]

WEBSITE

www.akibadigital.com

TEAM

Ms Tebogo Mokwena, CTO, Co-founder Mr Kamogelo Kekana, COO, Co-founder

FINTECH SECTOR

Personal Finance / Financial Education

ACTIVITIES IN YEAR OF INCORPORATION

South Africa 2017

ELEVATOR PITCH

For the young, tech-savvy millennial who is struggling to save or save effectively, Akiba is a mobile app that makes it easy and effective to save using behavioral and alternative data. Akiba's mission is to ensure that every one of our customers has a rainy day fund and with our savings app being the starting point, Akiba's vision is to be the first data-driven marketplace for financial services, in Africa. We believe our 10X value proposition to our users includes incentivised positive savings behaviours, personalised financial literacy, goal setting, behavioural coaching, accountability all in a fun and quirky gamified experience.

PROBLEM SOLVED

! ! ! ! !

Lack of financial literacy amongst millennials/young people Complex financial language Inconvenient channels to access financial products Lack of, non-effective goal-setting tools Lack of positive reinforcement in respect to financial goals set

SOLUTION / TECHNOLOGY

A data-driven marketplace that offers a gamified experience that combines financial behavioural coaching, a rewards program, goal-setting & visualisation to make savings and general financial goals more effective, powered by an AI bot.

COMPETITIVE ADVANTAGE

AI powered financial coaching integrated with a gamified application that empowers users to put learnings into practice whilst collating financial behavioural data which allows for live peer2peer financial (spending & savings) comparisons and richer insights for better financial product personalisation.

MARKET SIZE

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

6.7 million [South Africa] %)

Algoreg

[ LUXEMBOURG]

WEBSITE

TEAM

www.algoreg.com Mr Jean-Pierre Bitton, Co-founder and Chief Sales Officer Mr Mathis Ries, Head of Marketing

FINTECH SECTOR

Regtech

ACTIVITIES IN YEAR OF INCORPORATION

Luxembourg 2017

ELEVATOR PITCH

On-board 100% of your customers in a fully automated fashion and in full compliance with the regulations. Our state-of-the-art suite of products offers a cutting-edge user experience wherever your customers are and whenever they want, and decrease the operational costs of traditional onboarding. The digital transformation of customer journey is our DNA.

PROBLEM SOLVED

! ! ! ! !

Reduce churn rate Reduce time of customer on-boarding Decrease operational costs of on-boarding Improve customer UX during on-boarding Be compliant with all sets of regulations

SOLUTION / TECHNOLOGY

Video and photo on-boarding; risk scoring and name screening (AML, KYC, PEP, CTF…).

COMPETITIVE ADVANTAGE

algoreg is the only regtech company offering a seamless, 24-7 and multilingual suite of on-boarding products. End to end, fully customisable and in full compliance with all sets of regulations. algoreg is also planning to be licensed soon by the CSSF.

MARKET SIZE

EUROPEAN MARKET: 2bn EUR GLOBAL MARKET: 8bn USD Source: PwC - 2017

LHoFT’s Innovators Directory 2019

Alto.fund

[ LUXEMBOURG ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.alto.fund Mr Yoann Jagoury, CEO & Founder Regtech Luxembourg

YEAR OF INCORPORATION

2009

ELEVATOR PITCH

The fund industry is crumbling under a pile of written documents (prospectuses, kiid, statements, transaction tickets, agreements…). Alto’s APAAS allows industry participants to simply send their PDFs documents to a solution that takes care of extracting relevant information and understanding it. APAAS API responds within seconds with the relevant information in the chosen structured format and provides references for each fact extracted to trace the source and double check if needed. We look for industry actors who have great business cases to replace time spent reading documents by automated information and knowledge collection. Our solution can be offered in white labelling.

PROBLEM SOLVED

! On-board new clients and keep data from 3rd parties updated by providing structured access to data that is only available in written form ! Work with unstructured data as if it was structured data.

SOLUTION / TECHNOLOGY

APAAS uses state of the art solutions including Natural Language Processing in addition to the knowledge of the fund industry to create actionable knowledge for fund industry participants.

COMPETITIVE ADVANTAGE

Knowledge of the Fund industry Since 2013 we have proven our ability to deliver solutions used daily by fund industry actors including deploying machine learning algorithm in banks. We have developed a state of the art tool box for natural language understanding.

MARKET SIZE

Asset Managers & Fund Service Providers employ around 20000 people in Luxembourg alone and thousands more in Europe from which most work with unstructured fund documents.

LHoFT’s Innovators Directory 2019

ANote Music

[ LUXEMBOURG]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.anotemusic.com Mr Matteo Cernuschi, CEO Mr Marzio Flavio Schena, CFO Mr Grégoire Mathonet, CTO Fundtech (exotic stock exchange) Luxembourg

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

ANote Music is a stock exchange for music ownership rights. It enables high-net worth individuals and established record labels to diversify their investment portfolio using our new asset class whose performance is uncorrelated from the rest of the market.

PROBLEM SOLVED

ANote wants to make a completely closed market transparent while allowing people to diversify their investment portfolio, therefore reducing the risk for all the actors.

SOLUTION / TECHNOLOGY

The core product of ANote is the stock exchange platform, as a scalable cloud architecture. A private blockchain help every big actor trust all stakeholders.

COMPETITIVE ADVANTAGE

For the sellers: we are the only place where music shareholders can liquidate their assets. For the buyers: we are the only place that provides direct exposure to this asset class in a non-locking way.

MARKET SIZE

The music industry royalties generated 27 bn! last year, amongst which 13bn were generated in Europe. We expect to get 5% market share of Europe over the next three years.

LHoFT’s Innovators Directory 2019

Apentis

[ LUXEMBOURG]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.apentis.com Mr Audric Debaisieux, Founder and partner Mr Thibault Mahiat, Partner Regtech / Wealthtech Luxembourg

YEAR OF INCORPORATION

2008

ELEVATOR PITCH

Apentis is developing Risk Quadrant, a modern cloud-based portfolio management system for asset managers. It is hosted in a PSF environment with DRP included. This solution has been designed considering that the processes of work of any asset manager today should be led by risk management, compliance, and productivity. Automation is key to process in real time large amount of data subject to many limits and to minimize operational mistakes

PROBLEM SOLVED

UCITS / AIFMD / MIFID2 / PRIIPS / AML / GDPR compliance for any EU asset managers

SOLUTION / TECHNOLOGY

Risk Quadrant is a modern SaaS portfolio management system for asset managers. It is hosted in a PSF environment with DRP included. We develop it in PostgreSQL / Play Framework (Java) / AngularJS (Javascript).

COMPETITIVE ADVANTAGE

SaaS model + risk and compliance expertise driving the solution development

MARKET SIZE

Thousands of wealth managers / asset managers in EU

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Arteïa

[ BELGIUM ]

WEBSITE TEAM

www.arteia.com Mr Philippe Gellman, CEO Mr Olivier Marian, CSO

FINTECH SECTOR

Arttech/ Blockchain/ Cryptocurrency

ACTIVITIES IN YEAR OF INCORPORATION

Belgium

ELEVATOR PITCH

PROBLEM SOLVED

2016 Arteïa’s aim is to be the first comprehensive, advanced technology platform, set to empower collectors in the management of their art collection. It aims to seriously disrupt the opaque world of art trading and price setting by addressing existing needs, such as cataloguing and reporting to strengthen collection’s fundamentals (‘house in order’), before introducing dynamic functionalities not available to collectors yet, such as predictive pricing & peer-to-peer trading based on blockchain technology. Arteïa is embedding state-of-the-art infrastructure, technology and methodologies such as blockchain, digital DNA, data science and AI. Arteïa solves several problems inherent to the traditional art market: it fights theft and counterfeiting through keeping a secure provenance record of artworks; fights information asymmetries by removing the need to use costly intermediaries; and brings liquidity to a market which desperately lacks it through peer-to-peer trading.

SOLUTION / TECHNOLOGY

Arteïa's solution is an integrated platform serving all the needs of actors in the art market. By combining a cloud-based collection management with blockchain services of provenance and peer-to-peer trading, Arteïa brings a cutting-edge solution to the market. These technologies are further enhanced using Artificial Intelligence, Big Data, and micro-targeting approach to interests and profile matching to provide the highest level of services to art lovers and art professionals

COMPETITIVE ADVANTAGE

Independence: built by collectors for collectors, with no ties with auction houses and commercial galleries ! Security: each user has their own database, with the cloud located in the jurisdiction of their choice. Furthermore, there is the option to opt for an offline server. ! Integration: unlike the competition, the platform brings together all the art players and solutions in one place, thus ensuring its sustainability. ! Customised: the platform architecture offers highly flexible solutions such as user permissions, reporting suite and elected data sharing.

LHoFT’s Innovators Directory 2019

MARKET SIZE

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

The Total Addressable Market for art collection management SaaS is estimated to be worth: ! BtC: 5.5 bn ! ! BtB: 1.0 bn !

Assurbox

[ LUXEMBOURG]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.assurbox.net Mr Samuel Beauvois, CEO Mr Bertrand Deroanne, CTO Insurtech Luxembourg

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

AssurBox is a platform aiming to standardize the communication between insurance back-offices and insurances’ partners; The solution digitalizes and normalize existing administrative processes behind the very specific insurance market, starting with the "green card request to insurers" process.

PROBLEM SOLVED

! No standard way to communicate with insurances in Luxembourg ! No insurance Api. Underwriting back-offices are dealing with messy requests

SOLUTION / TECHNOLOGY

AssurBox provides the insurance companies with APIs and a web application, so their partners can communicate with them in a structured and normalized way.

COMPETITIVE ADVANTAGE

! ! ! !

MARKET SIZE

Specific industry: 5 non-life insurance companies in Luxembourg.

LHoFT’s Innovators Directory 2019

Knowledge of the insurance industry Integration in partner’s information systems Can be used without integration as well Technical and UX oriented team

Behave!

[ FRANCE]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.behavesfi.com Mr Alexandre Colin, CEO Mr Noël Henrot, CTO Asset Management Luxembourg

YEAR OF INCORPORATION

2012

ELEVATOR PITCH

Generate Alpha in a Smart Beta world. One stop web platform to build and backtest advanced factor models, using machine learning and point in time financial databases

PROBLEM SOLVED

Focus on alpha generation: forget about coding and data feed issues. Budget is no longer a problem

SOLUTION / TECHNOLOGY

SAAS, SQL, Cloud, Machine Learning

COMPETITIVE ADVANTAGE

GUI, Integration, Prive

MARKET SIZE

EUR 300 Mln, Niche market targeting 20 %

RELEVANT LINKS

www.behavesfi.com

LHoFT’s Innovators Directory 2019

Blanco Services

[ THE NETHERLANDS]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

www.blanco.services

Mr Joost Walgemoed, CEO Ms Bernadette Wijnings, CFO Mr Dennis Overbeeke, CTO Mr Rob Verheul, COO Mr Koen Vanderhoydonk, CEO Benelux Regtech/ Wealthtech Netherlands 2015

ELEVATOR PITCH

At blanco everything is about you. Our cloud-based technology and deep knowledge of the asset management business will help you to become better, more efficient versions of yourselves. We started our business in 2015 and have since built a strong team of experts that have helped our clients to grow. By silently working in the background we have become our clients’ invisible power behind their success.

PROBLEM SOLVED

Legal pressure and ever-increasing costs for proprietary systems have drastically decreased margins in the asset management industry. Blanco’s innovative services relief asset managers and investment firms of their legal, operational, controlling and IT operations, so they can once again focus all their time on managing their clients.

SOLUTION / TECHNOLOGY

State of the art SaaS technology that drastically atomizes onboarding, KYC & AML procedures and client lifecycle management. Cloud-based Securities Administration.

COMPETITIVE ADVANTAGE

Turn-key, component-based technology so clients pay only for what they use or the whole suite. The latter will digitize their entire wealth management business (Wealth Manager out-of-the-box).

MARKET SIZE

17k investment firm in Europe 6500 banks in Europe

LHoFT’s Innovators Directory 2019

Blockpulse [ FRANCE ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

ELEVATOR PITCH

PROBLEM SOLVED

SOLUTION / TECHNOLOGY

COMPETITIVE ADVANTAGE MARKET SIZE LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

https://blockpulse.eu Mr Marien Irzykiewicz, CEO Mr Thibaut Ingelaere, COO Mr Alexandre Boulinguez, CSO Mr Sylvain Laurent, CTO Mr Guillaume Treboit, CMO Crypto-assets crowdfunding France 2017 Blockpulse a French company is launching the first ICO/STO Platform in France to bring more transparency, security and information on the primary crypto market. For the selected projects aiming to organize a token sale, we handle the KYC/AML process, provide both fiat (EUR/USD/GBP) and crypto (ETH/BTC) payment channels and a community of both professional and retail investors. For investors, we simplify and secure investment into crypto projects through the creation of a dedicated fiat and crypto wallet, an exclusive escrow process but also provide exclusive independent research pre and post ico. Between equity crowdfunding and IPO, launching an ICO rises technical, legal and marketing challenges.,Reaching a community of investors, whitelist the persons who invest and provide a fluid process for investing is key in the success of an ICO. For investors, we simplify and secure investment into crypto projects through the creation of a dedicated fiat and crypto wallet, an exclusive escrow process but also provide exclusive independent research pre and post ICO. 1) Create a single market with the best projects supported by operational diligence and independent research. 2) Provide a better user experience, integrated KYC / AML, multiple payment channels (fiat and crypto), GDPR framework. 3) Attract new investors by proposing a smart escrow system and a partnership program: repayment option, distribution of funds to project holders and tokens to investors under the ICOs memorandum, KPIs and points critics of the project roadmap. First mover in France ICO market is in quick expansion (22B$ in 2017-18), Market is evolving fast and bboth investors and projects are facing many new challenges. ')

BMA Risk [ FRANCE]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION ELEVATOR PITCH

PROBLEM SOLVED

www.bmarisk.com Mr Norddine Bennani, Co-founder, Managing Director Mr Dominique Marchal, Co-founder, Managing Director Regtech/ Risktech France, Luxembourg 2013 BMA is an independent advisory services and technology company specialized in quantitative risk management. BMA brings together the expertise of its quantitative analysts team and its IT development capacity for the benefit of Investment Banks, Alternative Investment Funds (AIFs) and Asset Managers in Luxembourg, Paris and London. Integrated risk management solutions covering all alternative asset classes, including hedge funds, private equity, real estate, infrastructure and private debt. BMA platform for risk management and regulatory risks represents a simple and cost-effective solution allowing AIFs to outsource risk management support and regulatory reporting: seamless and cost-free set-up, scalable reporting solutions, cutting edge modelling, etc

SOLUTION / TECHNOLOGY

BMA Risk Management Solutions develops and deploys its own platforms to provide a complete set of risk management and regulatory services to its clients. Two platforms are currently deployed: ! PortfolioAnalytics, a web platform available as a SaaS for Real Assets (Private Equity, Real Estate, Infrastructure, etc.) performance and risk analysis; ! BMAnalytics, a dedicated risk analytics and regulatory risk platform covering valuation, risk management and regulatory requirements for UCITS and AIFs. Portfolio Analytics has been shortlisted for the Funds Europe Awards 2014 (European New Comer & Innovator of the Year). BMAnalytics for PRIIPS has been shortlisted for the Funds Europe Awards 2017 (European New Comer & Innovator of the Year).

COMPETITIVE ADVANTAGE

Integrated risk management and regulatory solutions combining innovative software solutions and independent advisory services. “One-stop shop” approach ensuring efficiency and cost reduction for AIFs.

MARKET SIZE

Asset Management Companies, Fund Management Companies, Investment Banks and Financial Institutions. Based in Luxembourg, Paris and London.

LHoFT’s Innovators Directory 2019

BitPesa [ KENYA]

WEBSITE

TEAM FINTECH SECTOR ACTIVITIES IN

www.bitpesa.co Ms Elizabeth Rossiello, CEO Ms Charlene Chen, COO Mr Adam Gouveia, CFO Mr Dearg Obartuin, CTO Payments / FX / Treasury Kenya, Nigeria, Senegal, Uganda, Tanzania, Democratic Republic of the Congo, Luxembourg, UK

YEAR OF INCORPORATION

2013

ELEVATOR PITCH

BitPesa is a foreign exchange and treasury solution platform. We buy and sell frontier market currencies and facilitate instant settlement across a basket of global currencies to enable B2B and B2C payments. We use both fiat and digital currencies to settle between our own subsidiaries and external network partners around the world. We have the fastest, cheapest, and most efficient infrastructure available to make business payments to, from and within Africa.

PROBLEM SOLVED

High fees, delayed/lost transfer and inefficient paper-based processes for crossborder B2B payment into/from/within Africa

SOLUTION / TECHNOLOGY

Blockchain Technology

COMPETITIVE ADVANTAGE

Policy / Regulatory ! Licensed by UK Financial Conduct Authority (FCA) as an Authorised Payment Institution ! Member of Central Bank of Nigeriaâ&#x20AC;&#x2122;s (CBN) Virtual Currency Committee and drafted regulation on new digital payment for CBN Product Innovation ! First company to settle bitcoin to mobile money in the world in 2013 ! First African digital currency company to make a market directly between EUR/GBP and African currencies ! First African lending product using digital currency Growth ! Processed more than 120,000 transactions ! Volume traded of more than $60Mn with 25% month over month growth rate ! On-boarded a Fortune 50 multinational and several large-scale global companies to buy/sell African currencies on BitPesa platform

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

COMPETITIVE ADVANTAGE

Fundraising ! Raised total $10Mn equity funding up to Aug. 2017 ! One of only companies to have investments from every major blockchain investment fund ! Secured global investors such as Greycroft VC Draper Associates, Digital Currency Group, Pantera Capital, Plug & Play, Blockchain Capital, Zephyr Accorn, BitFury Media Exposure ! Featured by Forbes, Fortune, The Wall Street Journal, BBC, Global Trade Review ! Listed as “Companies to Inspire Africa” by the London Stock Exchange ! Mentioned as a case study in Citi & PwC industry reports

MARKET SIZE

Remittance Market in Middle East & Africa - $80 + Billion

LHoFT’s Innovators Directory 2019

bitFlyer EUROPE

[ JAPAN ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

www.bitflyer.com Mr Rikiya Masuda, CFO Mr Andy Bryant, COO Ms Yana Afanasieva, CCO Cryptocurrency / Blockchain Japan, USA, San Francisco, Luxembourg 2017 (2014 for Japan HQ)

ELEVATOR PITCH

bitFlyer is the world’s largest Bitcoin exchange (by volume). Their virtual currency exchange and marketplace provide customers with convenient and exciting ways to buy, sell and spend bitcoins and other cryptocurrencies. Their mission is to make the world simpler through blockchain.

PROBLEM SOLVED

In an increasingly connected world, the financial system lags behind. Banking is slow, expensive, and inaccessible for most. Payments require intermediaries and legacy infrastructure. Shopping online still requires sharing personal information with multiple different companies, many of which are getting hacked.

SOLUTION / TECHNOLOGY

Bitcoin offers an alternative way. It is a peer-to-peer, decentralized virtual currency that is borderless, stateless, permissionless, and open to everyone. The blockchain technology that underpins it has been heralded as one of the most important innovations of our generation, bringing an innovative system of disintermediated record keeping to a whole range of industries. bitFlyer helps make bitcoin and other cryptocurrencies more accessible by allowing our customers to purchase and store it using a safe, secure and regulated platform.

COMPETITIVE ADVANTAGE

We provide a reliable, user-friendly and regulated exchange platform and offer cutting-edge blockchain solutions such as “Miyabi”. World-class investors including SMBC Venture Capital, Mizuho Capital, Mitsubishi UFJ Capital, Dentsu Digital Holdings and SBI Investment have understood our potential and are supporting our global expansion.

MARKET SIZE

$100 billion worldwide (MarketWatch, June 2017)

LHoFT’s Innovators Directory 2019

Budget Insight

[ FRANCE]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.budget-insight.com Mr Romain Bignon, CEO - Co-Founder Mr Clément Coeurdeuil, CEO - Co-Founder Payments Financial data aggregation (bank, wealth, bill and bank transfer), API Management and PSD2 compliance.

YEAR OF INCORPORATION

In France: 2012 In Luxembourg: March 2017

ELEVATOR PITCH

"We provide tools to the finance and banking sector, to offer to their own consumers a digital, smart and unique experience managing their finances"

PROBLEM SOLVED

! for Banks: better final customer experience, PSD2 compliance, API management to plug as many fintechs services as needed ! for Family Offices: a better vision of their clients wealth and better advisory solution ! for Accountants: full vision of bills in a click, no need to wait for the paper versions anymore. ! for Insurance: no need to wait the bank statement (all information can be aggregated through the API)

SOLUTION / TECHNOLOGY

! Bank API: aggregate more than 300 banks in only one place ! Bill API: aggregate 200 suppliers’ invoices ! Wealth API: we retrieve the ISIN code of life insurances, trading accounts, saving plans, and many others. ! Budgea Pay API: Payment initiation and all recipients are mutualised. ! API Management: you can interconnect the best fintech services to your interface in the easiest way through our API Management. ! PSD2 API: expose your data in a PSD2 compliant way with our PSD2 API.

COMPETITIVE ADVANTAGE

! ! ! !

LHoFT’s Innovators Directory 2019

300 bank connectors around Europe. Only financial aggregator that aggregate data through API in Luxembourg. Specialized in B2B field. TPP and PSD2 compliant.

COMPETITIVE ADVANTAGE

! ! ! !

MARKET SIZE

All kind of financial establishments, from startups to great companies

RELEVANT LINKS

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

300 bank connectors around Europe. Only financial aggregator that aggregate data through API in Luxembourg Specialized in B2B field TPP and PSD2 compliant

https://www.budget-insight.com Budgea iPhone Budgea Android

CDDS Luxembourg [ LUXEMBOURG ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.cdds.eu | www.cdds.lu Mr Philippe Lassine, CEO Mr Philippe Jeanbaptiste, Executive Director Ms Acia Baghdadi, Sales & Marketing Director Mr Guy Albrecht, Director, Head of Compliance & Client Services Regtech Luxembourg, Switzerland, Malta, Cyprus, Singapore, Mauritius

YEAR OF INCORPORATION

2009

ELEVATOR PITCH

CDDS provides anti-money laundering (AML) and ‘Know Your Client’ (KYC) software and solutions to a wide variety of businesses subject to AML/CFT regulation. We are a team of former professionals from the areas of compliance, audit, domiciliation, IT and information security. We accompany our clients at every stage of their Due Diligence Process. We currently service more than 500 companies subject to anti-money laundering and counter-terrorist financing (AML/CFT) regulations.

PROBLEM SOLVED

AML/KYC obligations and compliance workflow

SOLUTION / TECHNOLOGY

! AMLspotter ! BatchNameCheck ! AML Risk API

COMPETITIVE ADVANTAGE

! Solutions tailored for each business industry ! A wide range of solutions adapted to small and medium sized companies

MARKET SIZE

Companies worldwide in countries subject to FATF AML recommendations

LHoFT’s Innovators Directory 2019

Compellio

[ LUXEMBOURG]

WEBSITE TEAM FINTECH SECTOR YEAR OF INCORPORATION ACTIVITIES IN

www.compell.io Mr Denis Avrilionis, PhD | CEO & Founder Mr Theofilos Papasternos | Business Project Manager Regtech/ Legtech/ Fund Management/ Banking 2013 Luxembourg

ELEVATOR PITCH

Compellio is a software company that develops enterprise applications for private companies and public organisations. Compellio solutions include cloud platforms for digital asset transaction management on the blockchain as well as corporate innovation management. Compellio’s latest product is the Compellio Registry, a blockchain-enabled digital asset certification platform that enables organisations to easily protect assets and process transactions in a GDPR-compliant and highly secure online environment.

PROBLEM SOLVED

Using the latest in blockchain technology Compellio Registry creates permanent, non-forgeable records of digital content on all major public blockchains. With Compellio Registry organisations are able to: ! Protect IP, sensitive business data, easy-to-forge documents and contracts ! Prove ownership and existence of physical, digital and intellectual assets ! Facilitate independent verification of data and business records globally ! Certify receipt of information and monitor data integrity in real time Compellio Registry is an out-of-the-box solution that can be easily plugged in existing enterprise systems via a standard REST API while its versatile technology can be deployed quickly and adopted effectively to any domain.

SOLUTION / TECHNOLOGY

LHoFT’s Innovators Directory 2019

! Key Benefits: · · · ·

Mitigate compliance, documentation and litigation risks Accelerate audit, due diligence, forensics and e-discovery Increase security and accountability across the organisation Reduce costs for data processing and IT integration

COMPETITIVE ADVANTAGE

MARKET SIZE

! ! ! ! !

Production-ready technology Unlimited scalability Zero blockchain infrastructure cost Direct integration with third party providers Does not require a crypto wallet nor has any dependency on crypto currencies

The Global Blockchain Technology Market is poised to grow at a CAGR of around 62.1% over the next decade to reach approximately $16.3 billion by 2025.The global total spent annually on regulatory compliance technology will rise from $50 billion in 2015 to $118 billion in 2020.

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

ComplianceWise

[ THE NETHERLANDS ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.compliance-wise.com Mr Jeroen Cremer, Commercial Director Regtech/ Payments The Netherlands/ Luxembourg

YEAR OF INCORPORATION

2012

ELEVATOR PITCH

Integrity is Easy. ComplianceWise helps financial institutions to act AML compliant in an easy way. We do this by delivering a KYC and Transaction Monitoring application. Safe, cost effective and Compliant (not only for now but also in the future!).

PROBLEM SOLVED

In a continuously changing legal environment it is very hard for financials to act compliant within budgets. ComplianceWise offers IT solutions to Financials to improve their compliance poces by using the latest technologies. By working in this way it is easier to act compliant and safe cost. SaaS solutions

SOLUTION / TECHNOLOGY

! KYC application: All employees within the organization will be guided by the software in fulfilling their regulatory compliance activities. Having all relevant KYC data within one platform makes it possible to create insights on any given moment for all stakeholders including the supervisor. Reporting is a matter of one push on the button. Transaction Monitoring application: All transactions of the financial clients will be monitored (using data analytics) and logged in the application. Suspicious transactions will be flagged in the application and need to be followed up by the staff. All transaction data will be logged in the application and can be made visible on any given moment. Reporting is a matter of one push on the button. ! We are the first and only company who are delivering a complete solution where we integrate compliance (Client and Transaction profiles) and finance in one platform. This will create a more efficient way of working between the Compliance department and the Financial departmernt and will lower the risk of non compliancy.

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

()

SOLUTION / TECHNOLOGY

Multi Bank payment engine: We have developed a multi bank payment engine where all transactions can be prepared and send to any bank via the SWIFT network. No need to log in on each online banking system of the different banks but just use one platform: Safe, efficient and less risks!

COMPETITIVE ADVANTAGE

! In depth compliance knowledge. Started in The Netherlands with strong supervision. Leveraging this advantage to expand to other jurisdictions ! Integration of compliance and finance in one application ! Worldwide partner of SWIFT ! Pragmatic solutions which benefits Financials directly without much - training ! User friendly interface ! Pricing model: pay per usage

MARKET SIZE

Financials acting under the AML directive / Worldwide

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

CrossLend [ GERMANY ]

WEBSITE TEAM

b2b.crosslend.com Mr Oliver Schimek, CEO & Founder Mr Alex Lawrence, Managing Director - Luxembourg

FINTECH SECTOR

Lending, Investment

COUNTRY OF ACTIVITY YEAR OF INCORPORATION

Germany, Luxembourg

ELEVATOR PITCH

PROBLEM SOLVED

SOLUTION / TECHNOLOGY

COMPETITIVE ADVANTAGE

MARKET SIZE

LHoFT’s Innovators Directory 2019

2014 | 2017 CrossLend is a digital marketplace with a CSSF-licensed securitisation setup. Our setup enables the fast, cost-efficient, customised creation, selling and purchase of transparent loan-backed bonds for investors in search of attractive investment opportunities and originators looking to scale their lending business. Despite massive liquidity programmes and zero-to-negative interest rates, the eurozone’s real economy remains underfunded. Meanwhile, regulation and imperfect capital markets prevent large pools of institutional capital from flowing effectively across Europe’s borders. Our solution is a unique securitisation structure that turns loans into tradable instruments in a fast, flexible and costefficient way, even down to a single-loan basis. The result? Investors are able to build diversified portfolios of loans, via bonds, at a pan-European level, with complete risk transparency. Originators profit from flexible opportunities to scale their lending business, while simultaneously relieving their balance sheet and maintaining customer relations. Borrowers across Europe benefit from originators’ increased lending capabilities and flexibility. Automated, agile and scalable process. Blockchain technology is our next business phase. ! Seamless, real time ! Forward flow solution without warehousing costs ! Issued bonds each have an ISIN are fully cleared with a look-through, pass-through structure ! Cross-border tradability ! No tranching ! Fully operational platform ! CSSF-licensed setup European monetary financial institution loans, !10 tn (mainly Germany, Spain, France, Italy, Netherlands as of July 2017), !4 tn unserved

Cygnetise

[ UNITED KINGDOM ]

WEBSITE TEAM

www.cygnetise.com Mr Steve Pombret, CEO Mr Alex Walton, COO Mr Damian Bell, Business Development Director

FINTECH SECTOR

Regtech

ACTIVITIES IN

England

YEAR OF INCORPORATION

2016

ELEVATOR PITCH

Cygnetise offers firms a digital platform to create, maintain and distribute authorised signatory lists, providing far better risk oversight, corporate governance and audit to their current paper based processes.

The administrative burden of recreating paper/pdf signature lists, which is time consuming and can be open to fraud if not accurately maintained. PROBLEM SOLVED

Clients who use our platform enjoy up to a 90% reduction in the time spent compiling and distributing authorised signatory lists as well as real-time updates to their counterparts with whom they share their lists.

SOLUTION / TECHNOLOGY

A private, permissioned blockchain built using Ethereum

COMPETITIVE ADVANTAGE

It is a decentralised database, allowing peer to peer sharing of information safely and securely without the need for a central administrator.

MARKET SIZE

Cygnetise can be used in any sector and geography. Any firm that needs to manage an authorised signatory list of its personnel can use the platform.

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Duco

[ UNITED KINGDOM ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

ELEVATOR PITCH

PROBLEM SOLVED

SOLUTION / TECHNOLOGY

COMPETITIVE ADVANTAGE

LHoFT’s Innovators Directory 2019

https://du.co/ Mr Christian Nentwich, CEO Mr Michael Marconi, CTO Mr Vincent Him, Business Development Director – Luxembourg Data Management and Transformation, Reconciliation UK, Luxembourg, USA 2013 Duco Cube compares any type of data in minutes. No more spreadsheets, proprietary systems or legacy technology. ! A new approach: Existing reconciliation systems are slow, unwieldy and often built for a specific purpose. Duco Cube is fast, web-enabled and data-agnostic. We use intelligent technology to remove IT dependencies, transforming the operating model of your firm. ! Putting users in charge: Duco Cube offers unrivalled usability. End users and subject matter experts can load data, compare it and find issues fast, without handovers or technology projects. No more roadblocks or complexity on the way to control. Duco Cube can address any type of data comparison / normalization / transformation problems. For example: - Spreadsheet and macros replacement - Back office control (cash and securities reconciliations) - Streamlining regulatory reporting (MiFID2, EMIR) - System migration and testing - Total equity reconciliation - Fees and commissions reconciliation Duco Cube is a SaaS-based platform that’s live in 24 hours from contract signature. Client data is hosted either in the UK or in a Luxemburgish PSF. Compared to traditional reconciliation methods, Duco Cube enables businesses to act with far greater agility, while reducing costs and controlling risk. Our success is based on three key differentiators: ! Pure self-service. Duco Cube is the only solution in the market that truly empowers end users - no matter how technical - to set up and manage reconciliations on their own from scratch. We use smart, proprietary technology to enable users to upload data quickly, match fields using a point/click interface, then write matching rules in English sentences using our unique “Natural Rule” language.

Users can then run reconciliations and get fast results even with low quality data. According to Aite Group, the average industry time to set up a reconciliation is 64.4 days. With Duco Cube it’s 2.4 hours.

(COMPETITIVE ADVANTAGE)

MARKET SIZE

LHoFT’s Innovators Directory 2019

! Available on demand. Duco Cube is a SaaS platform - there’s no installation, hardware or maintenance required. We pledge that all new clients will be live in 24 hours, with results in 7 days and tangible business value in 30 days. ! Data agnostic. Traditional reconciliation systems are built with a specific function in mind, usually cash or stock reconciliation, and struggle to deal with diverse, complex, highly-variable data. Duco Cube was built to be data agnostic. It has no predefined schema, meaning users can upload their data “as is” and the system will learn its structure. This gives it broad applicability across all data challenges. Financial Industry worldwide : ! Buy side ! Sell side ! Brokers ! Service providers (administrators, exchanges, other fintechs, payment firms, etc.)

Earthlab

[ LUXEMBOURG]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

Earthlab Luxembourg Mr Benjamin Hourte, Chief Technical Officer Insurtech Luxembourg 2015 Insurers drive their artificial intelligence transformation and we are their co-pilot thanks to our Max-ICS platform.

ELEVATOR PITCH

PROBLEM SOLVED

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

We combine remote sensing data and computer vision techniques to generate analytics that can be used in the whole insurance value chain. We co-create Artificial Intelligence models with our early adopters: ! For underwriting: use of imagery datasets to automate the detection structural elements of buildings for past claims explanation ! For pricing: integrate derivated metrics into a vulnerability model for ratemaking and accumulation control ! For claims: use change detection pre/post disasters from different image sources for a first claim triage Insurance companies are confronted with multiple risks for which interlined consequences are underestimated due to existing modelsâ&#x20AC;&#x2122; imprecision and the lack of knowledge in the usable data. Combining Big Data, Artificial Intelligence and geospatial data into one end-to-end platform will reduce the uncertainty and improve their operational results. Basically, we believe that the current acceleration of the digitalization will require platforms that will give the keys to the end users and that can cover multiple business lines into companies. The innovation is to deliver such multi layers platform instead of having multiple vertical single tools. We are helping our customers to leverage all the value they can extract from their data giving them the intellectual property of the models they will create into our platform. With this approach, Max-ICS will act as a firewall to disruption effects for P&C Insurance companies and allow them to imagine new digital products for their insured subscribers in the different portfolios.

The most innovative are related to Artificial Intelligence: Machine Learning, Deep Learning and Computer Vision The main technologies and tools we use are: SOLUTION / TECHNOLOGY

! Big Data like Storage: Cassandra, Hadoop HDFS, Apache Hbase, ElasticSearch ! Computing and processing: Mesos, Marathon, Chronos, Nvidia Cuda, OpenCL, RabbitMQ ! Different computing platforms: on-premises, EarthLab Luxembourg private farm, Amazon Web Services, Microsoft Azure ! Automatic Provisioning and Continous Deployment: Jenkins, GitLab, PuppetLabs, Foreman Machine Learning, Deep Learning, Computer Vision: TensorFlow, Keras, mxnet, , pytorch, onnx, Microsoft CNTK, Scikit Learn, Gluon, Nvidia CUDA

COMPETITIVE ADVANTAGE

We come with four competitive advantages thanks to our platform: ! Automate the creation of new data sources by converting images into evidence in risk management ! All A.I tools and techniques into one single roof ! Integrate A.I into the whole insurance value chain without expose critical data into the cloud thanks to our hybrid architecture ! Easy return on investments calculation thanks to intellectual property given to our customers on A.I models they create on our platform

MARKET SIZE

Total available market: !1.200Bn (TOTAL EUROPEAN INSURANCE COMPANIES PREMIUMS); Serviceable market: !976Bn (TOTAL EUROPEAN INSURANCE BENEFITS AND CLAIMS PAID); Target market : !222bn (TOTAL EUROPEAN INSURANCE COMPANIES NON-LIFE CLAIMS PAID) ; Value Creation targeted: !222m per year by reducing by 0,1% the global cost of the claims

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

EmpCorp

[ LUXEMBOURG]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

EMPcorp Mr Gilles MORO, CEO & Founder Mr Hervé ARNOULD, CFO & Co-Founder Mr Franck PILAREK, Fraud manager & Co-Founder Ms Marine KIEFFER, Head of marketing Payment, Cryptocurrency Luxembourg

YEAR OF INCORPORATION

2013

ELEVATOR PITCH

Our VISION: For the next 10 years No more CASH, No more plastic cards, No more POS device ! just an E-wallet + mobile. We offer omni-channel and agnostic payment solutions! EMPcorp is an ambitious FinTech start-up with a broad experience in finance, that combines innovative payment solutions all user experience oriented. The core business is based on e-wallet and e-money. Our target are e-merchants looking for a bespoke solution. Our company's talent secret sauce to success is to mix senior managers and junior payment technology experts to create the future of payment. Our main target is to propose the fast, simple, secure ways to pay such as: different prepaid cards programs, a successful payment acquisition platform, and a mobile virtual POS.

PROBLEM SOLVED

Since its creation we have the common will to push EMPcorp as pioneer and visionary in the payment field. EMPcorp team always wants to be one step ahead of competitors and remain at the forefront of innovation. All have the great satisfaction and pride to have imagined, developed, and designed innovative payment solutions. We are constantly searching solutions to answer e-merchants

LHoFT’s Innovators Directory 2019

((

Problems we are trying to solve are to facilitate customers’ purchasing decision, optimize card acceptance and increase conversion rate. SOLUTION / TECHNOLOGY

From our prepaid card programs and acquisition platform is also born a state-of-the-art ecommerce ewallet. Thanks to a customized acquisition journey, merchants and customers discover a new and easier payment environment. USPs: Put innovation at the heart of our omnichannel and bespoke solution, while keeping the best user experience as a priority. Innovation is our guideline ! We work closer with our partners to know their needs and expectations. This collaboration helps us to understand market changes, merchant’s challenges and anticipate their needs to develop the suitable payment solution. Experts on niche payment markets ! We propose innovative solutions, entirely customizable and configurable in order to offer partners a full liberty in the way their manage their business.

COMPETITIVE ADVANTAGE

Improve merchants conversion rate ! We help merchants to improve conversion rate and rise profitability thanks to a bespoke customer journey and a unique payment experience. Safety comes first ! We shall pay particular attention to maintain a high level of control for each product thanks to our compliance service and our new technical tools. ! We have developed an easy and secure authentication platform allowing partners to secure their back offices accesses. A Start-up spirit, but a long-time experience

MARKET SIZE

Small and Medium international E-commerce websites, marketplaces and retailers looking for a dedicated and customized acquisition ewallet with many paying and payout solutions. We operate in a global market.

LHoFT’s Innovators Directory 2019

)**

FFYN

[ FRANCE]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

Ffyn.co Mr Richard Jones, CEO Ms Stephanie Griffiths, CMO Mr Rodrigo Eliseu, CTO Funds France, Luxembourg

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

Ffyn connects Funds Professionals with their funds, with people behind the funds and with new opportunities. We are building a central business place where funds professionals interact efficiently thanks to AI and innovative user experience.

PROBLEM SOLVED

Ffyn helps Professional Investors answer instantly the question “Why do I keep investing in this fund” by providing updated, centralised quantitative & qualitative information, anywhere/anytime.

SOLUTION / TECHNOLOGY

AI to collect and organise relevant fund information.

COMPETITIVE ADVANTAGE

! Up to date and reliable funds info thanks to AI; ! The first central business place providing investors’ feedback to Asset Managers; ! Collaboration & Co design with key players in the industry – we are already in Beta with BNP Paribas Wealth Management, Cardif, Maif, Robeco, Axa, and Allianz…. ! A complementary team with strong fund, digital and entrepreneurial expertise ! A motivated Board & supportive chairman

MARKET SIZE

Global AuM is worth $79.2 Trillion

LHoFT’s Innovators Directory 2019

)*)

Finologee

[ LUXEMBOURG]

WEBSITE TEAM

www.finologee.com Mr Raoul Mulheims, Co-Founder, CEO Mr Jonathan Prince, Co-Founder, CSO Mr Georges Berscheid, Co-Founder, CTO

FINTECH SECTOR ACTIVITIES IN

KYC, Payments, Marketplace Luxembourg

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

Building Europe’s prime FinTech building blocks platform, where institutions and start-ups source components, distribute APIs and assemble digital financial products. Own KYC, Payments (PSD2 & SDD) and messaging products.

PROBLEM SOLVED

We act as a catalyst for FinTech distribution: operating under a Luxembourg financial industry provider licence (Support PFS), we certify, assemble and distribute FinTech building blocks and make them compliant for easy integration by regulated players.

SOLUTION / TECHNOLOGY

Full stack API Gateway and business process management platform, with authentication and authorisation layers, hosted by Clearstream.

COMPETITIVE ADVANTAGE

Team of founders that has built Mpulse (National SMS payments & routing platform) and Digicash (Luxembourg bank’s mobile payment scheme). We combine technological excellence and high performance with a vast expertise in financial industry regulation and compliance, FinTech business and partnership models and user experience design.

MARKET SIZE

B2B/financial industry in Europe

LHoFT’s Innovators Directory 2019

)*+

Four One Financial Services [ UGANDA]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION ELEVATOR PITCH

PROBLEM SOLVED

www.mayicard.co Mr Livingstone Mukasa, Chief Executive Officer/Co-Founder Ms Martha Najjuma Sebunya, Chief Financial Officer Mr Lukyamuzi Nicholas, Business & Technology Manager. Micro Social Security Platform (Micro Pension and Health Tech) Uganda 2016 Four One Financial Services innovates around issues of social security like retirement savings and affordable health insurance to help people sustain economic progress. The Informal sector in many developing has little or no access to social security for things like access to a retirement account or affordable health insurance. In Countries like only less than 20% of the people has access to a pension fund and only 1% has medical insurance. Four One is working to solve this challenge.

SOLUTION / TECHNOLOGY

We provide a licensed and regulated retirement fund called Mazima Retirement Plan where members can save as a little as a dollar any time they want. We also provide affordable medical insurance through unbundling pricy premiums and allowing members to save for health. We do all this on our proprietary micro social security platform called Mayicard.

COMPETITIVE ADVANTAGE

We understand the informal economy because we are part of it. We understand the role of technology in leapfrogging legacy systems and we are agile allowing us to experiment quickly and offer the best solution to our users.

MARKET SIZE

In the next decade or so there will be more than a billion people in the developing world needing access to better social security systems which includes long term savings , health, access to decent housing and education financing. Four One Financial Services is angling to be the global leader in serving this emerging demographic.

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

)*!

Fundsquare

[ LUXEMBOURG ]

WEBSITE

TEAM

www.fundsquare.net Mr Olivier Portenseigne, Managing Director Mr Maxime Aerts, COO Mr Paolo Brignardello, Head of Product Management and Marketing

FINTECH SECTOR

Regtech / Fund Distribution

YEAR OF INCORPORATION

2013

ACTIVITIES IN

Luxembourg

ELEVATOR PITCH

We launched FundsDLT, an international platform connecting transfer agents activities, payment systems and investors by using DLT technologies and smart contracts. We intend to dramatically improve efficiencies in the fund transaction.

PROBLEM SOLVED

Distribution of Investment funds made easy

SOLUTION / TECHNOLOGY

Blockchain based platform for fund distribution

COMPETITIVE ADVANTAGE

! Leading market infrastructure in the first EU centre for Investment Funds ! Well recognized RegTech company

RELEVANT LINKS

www.fundsDLT.net

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

)*"

Governance.com

[ LUXEMBOURG ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.governance.com Mr Bert Boerman, CEO & Co-Founder Mr Rob Boerman, CTO & Co-Founder Mr Olus Kayacan, Business development Director Regtech Luxembourg, The Netherlands

YEAR OF INCORPORATION

2011

ELEVATOR PITCH

Our mission is to enhance internal governance for regulated companies. We make it easy to collect and connect large volumes of data, documents and controls. We believe that good governance only happens when you have access to all relevant information with proper processes in place to ensure good decisions. Governance.com brings both the technology and the support services to make this happen.

PROBLEM SOLVED

Data overload and lack of transparency

SOLUTION / TECHNOLOGY

A cross-platform flexible technology that collects and connects all information in the organisation. The system can be deployed on-premise or in the cloud, and has a completely flexible dataset. This ensures that the system adapts to the organisation, while making it extremely simple to manage processes. A white labelled client portal further allows for online collaboration on data, documents, meetings, decisions and du diligence.

COMPETITIVE ADVANTAGE

A powerful system solution that has been built with simplicity in mind, by hiding complexity from end users. The result is maximum adoption in the organisation. Supported by a global network of operational and regulatory support partners.

MARKET SIZE

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

! Global RegTech spending market: USD 80 Billion per year ! Global spending on regulatory compliance: USD 1 Trillion per year ! Global IT Spending: USD 2.3 Trillion per year

)*#

Hexalina

[ LUXEMBOURG ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.hexalina.io Mr Pascal AERENS, Co-Founder & Director Mr Francis CHLARIE, Co-Founder & Director Cryptocurrency Luxembourg, France

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

Offering operations, reputation, valuation and governance services to sharing economy platforms, implemented on the Ethereum blockchain and packaged as APIs.

PROBLEM SOLVED

Removing the complexity of implementing a platform using the blockchain (using application-specific tokens)

SOLUTION / TECHNOLOGY

Set of simple REST APIs for platforms to call http://hexalina.io/xfair-high-res.jpg

COMPETITIVE ADVANTAGE

Unique mathematical models for robust reputation management (Reputation-as-aService) and platform goodwill valuation.

MARKET SIZE

Cooperative Platforms in Europe generated !3,6Bn revenue in 2015 (out of !28Bn total transactions value)

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

)*$

HighWave Capital

[ FRANCE ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.highwavecapital.com Mr David Furcajg, CEO Mr Thomas Van Der Biest, CTO Robo-Advisory France, Luxembourg

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

HighWave Capital develops a 100% behavioral Robo-Advisor and our targets are banks, insurance companies, asset managers and financial advisors associations. We tailor made our solution according to any kind of specifications. We are able to implement our application faster than any financial institutionsâ&#x20AC;&#x2122; IT departments and main competitors at a costless price. Our application outperforms the financial markets and enhance end-user risk profiling assessment: we have implemented a disruptive approach of financial markets using Behavioral Finance. HighWave Capital is one of the rare Robo-Advisor that provides tools to asses Green Financial asset impacts.

PROBLEM SOLVED

Financial institutions such as bank or insurance companies are digitizing their offer and Robo-Advisors are a part of it. Developing this product from scratch and offer it to their end clients quickly is impossible: it takes a lot of time and burning cash to conduct research and develop a performing and user friendly application. HighWave Capital solves that problems and delivers a fast and costless solution.

SOLUTION / TECHNOLOGY

COMPETITIVE ADVANTAGE

MARKET SIZE

We have develop an IT structure that enables us to tailor made our application faster and at a low cost compare to in-house solutions and competitors. Our fully modular solution is ready to use from back to front end. Conversational agent included for the first time in a Robo-Advisor! And creation of a behavioral finance Robo-Advisor from end-user onboarding to asset allocation. Apart from a ready to use IT structure (a strong competitive advantage), we have conducted a huge research regarding the way to implement behavioral finance in our Robo Advisor. And the result is performance: our investor profiling is scientific and leads to thousands of profiles, while our asset allocation out-performs benchmarks. We are the only 100% behavioral Robo-Advisor across the world. Robo-Advisors will manage as much as USD 8000bn by a 2020 and 70% of financial institutions are willing to implement a Robo-Advisor by a few year

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

)*%

Humaniq

[ UK ]

WEBSITE

TEAM

FINTECH SECTOR COUNTRY OF ACTIVITY YEAR OF INCORPORATION

www.humaniq.com Mr Alex Fork, Founder & CEO Mr Javed Khattak, CFO Mr Hazem Danny Al-Nakib, CIO Payments/ Fundtech / Cryptocurrency Luxembourg, UK, USA, Africa. 2012

ELEVATOR PITCH

Financial inclusion of the 3.5 billion unbanked and underbanked by use of latest technologies including blockchain and biometric technology on low end mobile devices. We offer a 4th generation mobile bank that aims to provide financial services eradicating poverty globally while supporting new businesses further enabling innovation.

PROBLEM SOLVED

Financial inclusion of the underbanked and unbanked by use of blockchain and biometric technology on low end mobile devices, offering a 4th gen mobile bank. Now will provide access to financial services for these people in such regions with no access to banks or financial services and/or to ID documents (due to corruption, bureaucracy, etc leading to lengthy, expensive processes).

SOLUTION / TECHNOLOGY

Blockchain, Biometric

COMPETITIVE ADVANTAGE

One of the early ICOs with a brand name already established, the idea of financial inclusion by use of this technology was initially brought by Humaniq (now copied by many others) but we are one of the first to market, if not the first in this space, with actual implementation, on the ground local partners to help market penetration, app with 20,000 downloads already

MARKET SIZE

3.5 billion people globally

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

)*'

iCompare Global

[ LUXEMBOURG ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

ELEVATOR PITCH

PROBLEM SOLVED

SOLUTION / TECHNOLOGY

COMPETITIVE ADVANTAGE

MARKET SIZE

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

www.icompare.lu Mr Jamie Eltorkey, CEO & Co-Founder Mr Aliyu Mamman, COO & Co-Founder Mr James Dwyer, CCO & Co-Founder Insurtech Luxembourg, Belgium, UK 2015 Clients are looking to feel empowered when making purchase decisions and want to have the ability to compare and purchase financial products online. iCompare.lu is the first comparison site of its kind in Luxembourg, allowing consumers to search and buy insurance products based on their needs in 30 seconds. The platform bridges the gap between todays internet savvy consumers and financial institutions. The service is completely free and will be available in multiple languages. ! Customers today are unaware of the potential risks they pose to themselves and others around them ! There is a lack of visibility and transparency of financial providers and products available which makes search a time consuming and frustrating task ! Customers have difficulties evaluating alternative options due to a lack of information and the complex nature of some insurance products ! There is no functionality to simplify how customers purchase with no availability to purchase online We have created an online platform which allows customers to find insurance quickly by aggregating policies from multiple insurers and listing them based on product features. By having partnerships with all insurers in Luxembourg, the consumer journey will be facilitated ! We are the first in Luxembourg to offer such a comprehensive service ! We are completely online allowing 24/7 access ! Multilingual platform tailored to Luxembourgâ&#x20AC;&#x2122;s norms ! An easy to use and simple website, with the concept known across the world specifically in line with expat expectations ! We have over 30 years experience in the insurance business and other sectors ! Data hosted in Tier 4 datacentre ! Completely independent and unbiased, bringing confidence to the client ! No direct sales pressure, completely driven by the client Approx !1 bln premium

)*(

Inclusivity Solutions [SOUTH AFRICA]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

ELEVATOR PITCH

PROBLEM SOLVED

SOLUTION / TECHNOLOGY

COMPETITIVE ADVANTAGE

MARKET SIZE

LHoFT’s Innovators Directory 2019

www.Inclusivitysolutions.com Mr Jeremy Leach, CEO Mr Tyler Tappendorf, Customer Experience Executive Mr Nigel Bowman, Product and Actuarial Executive Mr Sam Ndori, General Manager Operationrs Mr Tibo Zafack Takadong, Head of Technology Insurtech South Africa 2015 Inclusivity Solutions is an African-based insurtech company focused on developing relevant and affordable insurance products for emerging consumers. We do this by partnering with mobile operators and other financial institutions who already have strong customer relationships. We provide the technology to offer low-cost digital insurance products and the strategy needed to scale these products into sustainable opportunities. Insurance penetration in many emerging markets is shockingly low because products are inaccessible, unaffordable, and only designed for the top 5% of the market. We overcome this by linking our products with mobile operators. We leverage their brands for trust, their marketing channels to inform customers, and their distribution capabilities to bring insurance into the mobile handsets of customers. We provide the platform that links the mobile operators with insurance policies and the operational and strategic support to allow local insurers to design and run products geared toward the other 95%. We’ve built a proprietary platform that drives insurance products designed for emerging consumers and integrates closely into mobile operator networks. Likewise, our team is African-based and built with leading experts in insurance, technology, telecoms, and emerging consumers. We’ve signed up over 400,000 customers as of October 2018 from our first three live markets: Rwanda (partnered with Airtel-Tigo), Kenya (partnered with Equitel), and Ivory Coast (partnered with Orange).

))*

INSURNEXT

[ AUSTRIA ]

WEBSITE TEAM

www.insurnext.com Mr Laurent LANG, Managing Director Mr Raymond LANG, Managing Director

FINTECH SECTOR

Insurtech

COUNTRY OF ACTIVITY YEAR OF INCORPORATION

Austria, Luxembourg 2017

ELEVATOR PITCH

We create beautiful and easy-to-use web solutions for the insurance sector. Because we think that dealing with insurance should be less cumbersome, more delightful for end consumers and more efficient for insurers.

PROBLEM SOLVED

! From a consumer perspective: insurance is still very analogue, quite cumbersome to deal with and ultimately not very digitized. ! From an insurance company’s perspective: operations still require a lot of human resources, especially in claims management.

SOLUTION / TECHNOLOGY

Since we are an IT service provider, we do not have a product or service of our own, but we develop new solutions together with insurance companies and brokers. For consumers, these can be online platforms or apps, where they can easily get and manage insurance policies. For insurance companies, these can be internal tools, that help automate a certain part of the claims process, for instance.

COMPETITIVE ADVANTAGE

As opposed to other IT service providers, we have extensive experience in the insurance sector. We know the challenges insurance companies and brokers face, and we know what is possible and what isn’t.

MARKET SIZE

We work B2B2C. Our primary market is insurance companies and brokers in Luxembourg, followed by neighbouring countries.

LHoFT’s Innovators Directory 2019

)))

Jemmic

[ SWITZERLAND]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.jemmic.com Mr Jean-Pierre Schmit, Founder & CEO Payment, Cybersecurity and Mobile Banking Luxembourg, Switzerland

YEAR OF INCORPORATION

2009

ELEVATOR PITCH

We digitize your business based on our software products “Made in Luxemburg” like our U-Safe Suite containing modules like IAM, WAF, Customer Portal and API Gateway or our secure mobile instant messaging app SecuChat. In addition, we are there to tailor our products to your specific business needs and do individual, custom software development to enable fully integrated processes and straightthrough-processing with banking-grade security like the multi-bank trade finance platform TRAFEC build for the Swiss Trading and Shipping Association.

PROBLEM SOLVED

Often, application security is perceived as a necessary evil. Users don’t like the hassle of logins and session timeouts; and the business does not understand why so many security constraints are necessary. The U-Safe suite aims to satisfy all stakeholders: a centralized and integrated IAM and WAF secures the entire Web application perimeter while offering a convenient single-sign-on to the users. In addition, these two indispensable components are with U-Safe the corner stone of a full-fledged customer portal. Users can seamlessly navigate through all applications they are granted access to, have a centrally managed user profile and many self- service features to troubleshoot at. U-Safe uses a unique technology to integrate all your Web applications, as technically heterogeneous as they could be, into a portal with a homogeneous user experience. In addition, an OAuth 2.0 and OpenID Connect compatible API Gateway opens your services to the mobile world.

SOLUTION / TECHNOLOGY

! U-Safe Suite (Strong Authentication and Transaction Verification Platform, IAM, WAF, Customer Portal, Secure API Gateway) ! CrontoSign Swiss Community ! SecuChat ! Custom Software Development ! Secure Development Toolbox

LHoFT’s Innovators Directory 2019

))+

COMPETITIVE ADVANTAGE

MARKET SIZE

LHoFT’s Innovators Directory 2019

! Build with U-Safe customer portals without the need of portal software – all is done with the U-Safe Identity and Access Manager and the Web Application Firewall. ! SecuChat combines the usability of instant messaging with the security of Internet Banking. ! Dedicated, highly skilled team and agile project management Our software products secure the mobile and internet banking logins and transactions of over 30 banks and corporates, securing over 1.000.000 online accounts mainly in Switzerland. In addition, our custom software development applications serve numerous clients and users every single day with a focus – but not exclusively – in the European and Swiss market.

))!

Keexle

[ FRANCE]

WEBSITE

TEAM

www.keexle.com Mr Didier Hoareau (CEO) Mr Laurent Ghelfi (Chairman) Mr Calum Meechan (Product, Communication, Client Relations) Mr Mehdi Domec (Software Architect)

FINTECH SECTOR

Cybersecurity

ACTIVITIES IN

Luxembourg

YEAR OF INCORPORATION

ELEVATOR PITCH

PROBLEM SOLVED

SOLUTION / TECHNOLOGY

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

2016 Keexle is a fully end-to-end encrypted communication and collaboration tool where each interaction is completely private & totally secure. File-Share, Chat, Cloud Store, Video Conference and Collaborate with the most sensitive data. Designed by OnePrivacy, a start-up from Luxembourg, Keexle solves many problems facing any modern company that handles sensitive data. Data sharing on the internet and online collaboration are part of everyone's daily lives. We are more productive when we can easily find our documents, share them with colleagues or even call them by video conference. Many tools allow you to do this. However these tools have to index and analyse your data to be able to provide availability and collaborative features. Not only do the companies behind these tools have access to the contents of your data but by design these systems risk your data being made public: your clear data is accessible from servers that are vulnerable to hacking. Secure collaboration between internal and external teams is essential for any projects' success, but using it is challenging if you wish to maintain an appropriate level of security, especially when you have to deal with someone outside the organisation.

Keexle is a unified platform that combines all collaborative features with the highest level of security. Keexle encrypts all of your exchanges with an end-to-end encryption technology. Before sending your data over the Internet, its encrypted; and only the recipients you chose can access to the decryption key. This means that unlike existing tools, your data is not decrypted at any point, and cannot be decrypted by anyone other than your intended recipient.

))"

SOLUTION/ TECHNOLOGY

We as the cloud provider cannot even access our client data. This additionally means that if our servers were to be hacked or compromised, the data stored on them is encrypted and therefore useless. Importantly, unlike other providers, the private encryption keys required to decrypt client data are controlled and stored on the computer/server of the client, not on our servers; which greatly reduces the risk of a data breach. As a professional user, you can distribute the software to whoever you need to communicate & collaborate with; even if it's someone outside your company.

COMPETITIVE ADVANTAGE

! Always fully end-to-end encrypted ! Keexle as service provider can never access client data ! Clients can choose location of servers dependent on country of operation and.specific regulations. ! Data can be hosted encrypted on Keexle servers with the private encryption keys always controlled by the client, meaning we can never access the data on our servers. Keexle can also be self-hosted for an even greater level of control. ! Our SDK (Software Development Kit) also facilitates the innovation of new solutions that can be integrated with Keexle end-to-end encryption.

MARKET SIZE

Cloud Collaboration Market: $26.39 Million 2017 $55.54 Million 2023 (Projected) Cyber Security Market: $73.7 Billion 2016 $101.6 Billion 2034 (Projected)

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

))#

Lendinvest

[ UK]

WEBSITE

www.lendinvest.com

TEAM

Mr Christian Faes, Co-Founder & CEO Mr Ian Thomas, Co-Founder & CIO Mr Rod Lockhart, Managing Director

FINTECH SECTOR

Property finance lending & investing

ACTIVITIES IN YEAR OF INCORPORATION

Luxembourg, UK 2012

ELEVATOR PITCH

With £765 million (870 million euro) of lending capital, LendInvest operates Europe's leading marketplace platform for property lending and investing. It is a leading specialist real estate lender and investment manager based in London and Luxembourg, and one of the UK’s largest non-bank mortgage lenders. Using technology, LendInvest brings together all types of investors - from individuals through to the world's largest financial institutions - and connects them with borrowers to provide fast, flexible property finance.

PROBLEM SOLVED

! The mortgage market is slow, outdated, and dominated by banks that are burdened with legacy loan books and old systems. ! Investing in mortgages has been restricted to those with access to capital markets.

SOLUTION / TECHNOLOGY

! LendInvest is building a new type of lender from the ground up that develops its own technology to provide fast, flexible mortgages in days not months, and to use datasets that enable the best possible credit quality control. ! LendInvest is democratising access to invest in property loans, from private individuals to the world’s largest institutions via its multiple funding channels.

COMPETITIVE ADVANTAGE

LendInvest is run by property specialists with a 10-year track record of disciplined, sustainable lending. Combining deep industry knowledge with technological ingenuity, LendInvest is making investing in property finance simpler and creating a better experience for its borrowers and investors.

MARKET SIZE

The UK mortgage market is worth £300 billion a year

LHoFT’s Innovators Directory 2019

))$

Lingua Custodia [ FRANCE]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.linguacustodia.finance Mr Olivier Debeugny, Founding CEO Mr Dr. Franck Burlot, Head of R&D Mr Massinissa Ahmim, Head of Product Specialists Mr Arezki Sadoun, Head of Data and Translation Project Management Mr Stéphanie Mogenot, Chief Marketing Officer Artificial Intelligence applied to financial translations France, Luxembourg

YEAR OF INCORPORATION

2011

ELEVATOR PITCH

Making financial translations faster, cheaper and better through artificial intelligence

PROBLEM SOLVED

Financial institutions to reduce resources, time and budget dedicated to translation and communicate in multiple languages to their clients in a very quick, efficient and inexpensive manner. Lingua Custodia is the only machine translation company that was founded by finance professionals to specifically address the translation issues of the financial industry.

SOLUTION / TECHNOLOGY

Lingua Custodia is specialised in the development of machine translation engines for the financial domain. Each of our translation engines is unique, built and trained for a specific purpose. Lingua Custodia has been gathering financial linguistic data for more than 7 years now and offers several levels of services to its clients: Grant access to its specialist machine translation services designed by type of documents: fund prospectuses, fund reports, portfolio management commentaries, annual reports, research brochures, stock analysis report… Develop a dedicated and personalised machine translation solution for a financial institution: use the past translations of the company in order to train a dedicated translation software that will “learn” with the feedback provided by the user team and improve with time.

LHoFT’s Innovators Directory 2019

))%

SOLUTION / TECHNOLOGY

Lingua Custodia solution can be accessed in a secured manner through several web based interfaces or directly through an API. Our easy-to-adopt web interface is called VERTO. The user only needs to select the type of documents that is to be translated , the source and target languages, upload the document to translate (30+ formats are supported) and click translate. The translated document is then almost immediately available for download and no formatting is required as it has been preserved through the translation process. The user then can proceed to the review of the document in the target language and validate the translation that will be used to retrain the translation engines. Lingua Custodia can also propose specialised resources to review the translated documents on behalf of their clients.

COMPETITIVE ADVANTAGE

Only Lingua Custodia is able to provide both expertise in machine learning applied to a massive financial data base and extensive knowledge of the financial context. Several companies are proposing machine translation solutions on the market and some financial institutions have tried those tools with mixed results, until today. The reason is that those companies are proposing machine translation solutions that are generalist (generic) and can’t be “trained” for a financial linguistic domain because they do not rely on Machine learning or because they have too little specialised data.

MARKET SIZE

17k investment firms in Europe

LHoFT’s Innovators Directory 2019

))'

LuxHub

[ LUXEMBOURG]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

www.luxhub.lu Mr Jacques Putz, Chief Executive Officer Mr Claude Meurisse, Chief Operational Officer Payments Luxembourg 2018

ELEVATOR PITCH

In the context of the entry into force of PSD2, Banque et Caisse d'Épargne de l'État, BGL BNP Paribas, POST Luxembourg and Banque Raiffeisen joined forces to create the new company LUXHUB. LUXHUB will host and will operate a common API platform providing Account Servicing Payment Service Providers with PSD2 compliance services. LUXHUB facilitates Banks to be involved in the new API Economy. According to PSD2, Account Servicing Payment Service Providers have to become technical service suppliers for Third-Party Providers: LUXHUB will assume this role for banks.

PROBLEM SOLVED

PSD2 Compliance

SOLUTION / TECHNOLOGY

Our solution - We Connect You: A bridge between Fintech and traditional banking. PSD2 compliant SaaS solution implementing multiple standards (STET, Berlin Group), developer sandbox,etc... Our technology - SaaS no point of failure solution running in Tier 4 redundant datacentres on state of the art security and highavailability components. The platform is using Axway solutions for API publishing, the de-facto standard on the market.

COMPETITIVE ADVANTAGE

! Sharing of Compliance costs. ! Our expertise in connectivity and standard interfaces ! Hosting and operational management of the entire platform’s hardware & infrastructure.

MARKET SIZE

LHoFT’s Innovators Directory 2019

All EU established banks providing online payments to their clients

))(

LuxTrust

[ LUXEMBOURG ]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.luxtrust.com et www.luxtrust.lu Mr Pascal Rogiest, CEO Mr StĂŠphane Ries, COO Mr Bernard Antoine, CCO Authentication/ Trusted Cloud Services Luxembourg/ Belgium

YEAR OF INCORPORATION

2005

ELEVATOR PITCH

LuxTrust can help you transform and digitalize your processes to improve business efficiency while cost effectively increasing security and meeting ever evolving compliance requirements.

PROBLEM SOLVED

! Enabling natural and legal entities to identify and authenticate themselves on the web. ! Enabling full digitalization of business processes by avoiding the need to use wet signatures/ seals on papers.

SOLUTION / TECHNOLOGY

! Provision of digital identities to entities; includes video identification. ! Authentication of those people through the Internet. Provision of advanced and qualified electronic signatures, the latter providing the same legal effect as handwritten signatures. All LuxTrust signatures include qualified timestamp. ! Provision of advanced and qualified electronic seals ; all LuxTrust signatures include qualified timestamp ! Code signing certificates

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

)+*

Neterium

[ BELGIUM]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.neterium.io Mr Thomas Gilbert, Founder, CEO & CTO Mr Pascal Aerens, Co-founder - Business Development Mr Jean Losco, Investor Regtech Belgium, Luxembourg

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

Regtechs need a reliable partner to do the name screening part of their onboarding process, in order to deliver a better and faster experience to their clients, while KYC platforms require a solid screening solution capable of processing large files quickly and efficiently.

PROBLEM SOLVED

The screening process should be fast, reliable, transparent and accurate (keeping the false positive rate the lowest possible). We aim to fulfill all those criterias together in order to provide a frictionless user experience.

SOLUTION / TECHNOLOGY

Jetscan is a cloud-based screening service, accessible through a standard API, compatible with most watchlist vendors, offering both real-time and batch services.

COMPETITIVE ADVANTAGE

Hosted and infinitely scalable infrastructure to achieve very high throughput. Advanced false positive reduction strategies, including in-flight rules, geo-location or AI classifiers. Ability to precisely restore the context, even years later, and explain any result.

MARKET SIZE

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Hundreds of potential FinTechs/RegTechs that have emerged the last few years, digital platforms, Tier 2/3 banks. We also expect more KYC pressure on other markets in the future.

)+)

Nexvia

[ LUXEMBOURG]

WEBSITE

TEAM

www.nexvia.lu Mr Pierre Clement, CEO Mr Fr-.ntz Miccoli, COO & CTO

FINTECH SECTOR

Real estate

ACTIVITIES IN

Luxembourg

YEAR OF INCORPORATION

2015

ELEVATOR PITCH

Nexvia is bringing modernity next to real estate agency. Our high quality services are supported by digital tools enabling a better market understanding of the real estate, fiscal and financial aspects of projects.

PROBLEM SOLVED

Real estate decisions are stress generating, they cover many topics (construction, finance, tax) that have a deep long-lasting impact.

SOLUTION / TECHNOLOGY

We offer a unique experience relying on our advisers and digital tools. We use software to ease strong pain points and empower people.

COMPETITIVE ADVANTAGE

Our tools are unique on the market and enable us to provide a very unique and broad service proposal covering the globality of a real estate project.

MARKET SIZE

100M! Luxembourg 6 B! Europe 24 B! World

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

)++

Numerium3

[ BELGIUM]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.numerium3.com Mr Quentin Adam, CEO Mr Maxime Dâ&#x20AC;&#x2122;Hondt, COO Mr Vallier Adam, CFO Cryptocurrencies/ Blockchain Luxembourg

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

Numerium3 is a leader in systematic trading strategies on cryptocurrencies.

PROBLEM SOLVED

Prices on different exchanges evolve in line but are not always identical due to lack of central clearing houses and market inefficiencies. Numerium3 has deduced interesting trading opportunities arising from market inefficiencies. Numerium3 has generated returns of more than 200% per year since 2013 with no down way.

SOLUTION/ TECHNOLOGY

! Numerium3 has developed automated trading algorithms that monitor the market 24/7 in real time and place high-frequency buy and sell orders across all the major crypto exchanges ! Numerium3 has developed a tool (Master API) that allows traders to place orders on all the major exchanges through a single interface ! Numerium3 is developing trading strategies based on artificial intelligence ! Numerium3 is developing a database containing historical data of all major exchanges to help traders back-test their strategies

COMPETITIVE ADVANTAGE

Numerium3 has developed a network composed of group companies, brokers, bank accounts and crypto accounts all around the world that allows to test, apply and commercialise several strategies on all the major crypto exchanges. Furthermore, algorithms, robots and code lines are owned and developed in-house.

MARKET SIZE

USD 300bn

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

)+!

OKO

[ ISRAEL]

WEBSITE

TEAM

FINTECH SECTOR

www.oko.finance Mr Simon Schwall, CEO Mr Shehzad Lokhandwalla, CTO Mr Théo Côme, Actuary

InsurTech/ AgTech

ACTIVITIES IN

Israel

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

OKO leverages mobile and satellite technologies to provide automated crop insurance to emerging countries and provide a financial safety to smallholder farmers.

PROBLEM SOLVED

500 million smallholder farms in the world are lacking the financial safety net and the financial instruments to grow their businesses.

SOLUTION / TECHNOLOGY

! Fully automated insurance contracts, indexed to rainfall and other indexes to validate claim with no human intervention required ! Cloud-based policy management system connected to mobile money and SMSgateways to be accessible on any device

COMPETITIVE ADVANTAGE

! Direct-to-customer distribution model allowing rapid scale ! Ability to design our own insurance products with a sophisticated risk assessment tool

MARKET SIZE

Potential global market size of USD 7.5Bn globally

LHoFT’s Innovators Directory 2019

)+"

Onpex Luxembourg [ GERMANY]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.onpex.com Mr Christoph Tutsch, Managing Director Mr Jürgen Schneider, Managing Director Mr Torge Schwandt, Country Manager Luxembourg Payments and Banking-as-a-Service / Management of Currencies, Crypto, Smart Contracts, and Digital Assets Luxembourg, Germany

YEAR OF INCORPORATION

2016

ELEVATOR PITCH

ONPEX helps businesses build their own financial services. We provide multicurrency IBAN accounts and acquiring powered by a flexible, API-driven SaaS platform to create simple, compliant, and cost efficient payment and banking solutions.

PROBLEM SOLVED

Businesses have been without access to API-based solutions to manage their payments and banking in a regulatory compliant environment.

SOLUTION / TECHNOLOGY

Banking-, Payments-, and Compliance-as-a-service ONPEX’s white-label platform offers UI and API payments and banking, cloudbased infrastructure with bank level security, and regulatory as well as technical compliance. This includes client- and account management, IBAN issuing, multicurrency, SWIFT and SEPA transfers, foreign exchange, acquiring, card and APM collecting, settlements, reconciliation, onboarding, billing, and invoicing.

COMPETITIVE ADVANTAGE

All payment and banking services provided on a single platform by a regulated service provider.

MARKET SIZE

218 Trillion USD by 2022 according to Juniper Research (B2B Money Transfer Market).

LHoFT’s Innovators Directory 2019

)+#

Ovamba Solutions [ USA]

WEBSITE

TEAM FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION ELEVATOR PITCH

PROBLEM SOLVED

SOLUTION / TECHNOLOGY

COMPETITIVE ADVANTAGE

MARKET SIZE

LHoFT’s Innovators Directory 2019

www.Ovamba.com Mr Marvin Cole, Co-Founder & CEO Ms Viola Llewellyn, Co-Founder & President Mr Prashant Mahajan, Chief Technology Officer TradeTech USA 2013 Ovamba is a Technology company. We innovate culturally attuned technologies to push growth for emerging market SMEs in the trade and commodities space. We use our innovations to provide short term capital and drive financial inclusion. Our impact on Africa’s ecosystem encourages financial literacy, financial inclusion and the transfer of generational wealth. Access to financial services and capital for Africa’s trade and commodity export businesses ! Sharia compliant investment platform ! mobile apps for fast easy risk assessment and approval processing ! end to end business tools for SMEs to improve performance and execution risk ! “Growth-As-A-Service™” for customers seeking funding to import goods (can be used by banks as well) ! Commodity exportation tech tools & fund decisioning ! “GPS” Growth Performance System – dashboard tech for the informal sector ! Natural language chatbot for all customers seeking business and financial services in their own language ! Ovamba-Jasmeera – retail investment crowdfunding platform ! Very few competitors have the full end-to-end offering from eCommerce inventory ordering through to warehouse servicing and liquidation ! Few competitors can deliver the service in a multiple of African languages ! Few competitors have created algorithms to measure African risk inclusive of ethnic and cultural considerations ! Even few deliver a sharia certified compliant digitized product for the trade sector ! Most FinTech solutions are focused on payments. We are focused on trade Trade in Africa is a $2.3 Tr opportunity There are approximately 500 million SMEs that fit our market focus World Bank measures business credit gap at over $360b

)+$

Payconiq International [ THE NETHERLANDS]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.payconiq.com Mr Duke Prins, CEO Mr James King, International Business Developer Ms Renata Vaivaade, Business Developer Mobile Payments The Netherlands, Belgium, Luxembourg, Germany

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

It is our mission to become the most widely used mobile payment connection in all of Europe. A mobile payment application that can be used in restaurants, shops, onine and amongst friends. With the quick scan of QR code followed by your authentication, your payment is complete.

PROBLEM SOLVED

Cash and cards are history

SOLUTION / TECHNOLOGY

Payconiq smartphone app

COMPETITIVE ADVANTAGE

> Mobile payments market leader in Belgium and Luxembourg > Recently launched in the Netherlands > Pilot running in Germany

MARKET SIZE

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

www.payconiq.com/en www.digicash.lu

)+%

ResistantFund [ LUXEMBOURG]

WEBSITE

www.resistantfund.com

TEAM

Mr Tahar Slimani, Founder Mr Edouard Vallet, Founder

FINTECH SECTOR

Fundtech / Cryptocurrencies Luxembourg

ACTIVITIES IN YEAR OF INCORPORATION

2018

ELEVATOR PITCH

ResistantFund is the best way to diversify and secure your gain from your crypto adventures. ResistantFund is an investment fund in FIAT which has a very diversified portfolio in the traditional economy managed by professionals. ResistantFund allow crypto-millionaires and ICO startups to invest, diversify and operate in a smooth way. ResistantFund and his partners also help you to open a dedicated bank account in Luxembourg.

PROBLEM SOLVED

Give access to banking and financial services for ICOs and crypto-millionaires.

COMPETITIVE ADVANTAGE

We are the first

MARKET SIZE

$200 bio https://coinmarketcap.com/

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

)+'

Ripple [ USA]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.ripple.com Mr Brad Garlinghouse, CEO Mr Stefan Thomas, CTO Blockchain/ Cryptocurrency/ Cross-border Payments San Francisco, New York, London, Luxembourg, Sydney

YEAR OF INCORPORATION

2012

ELEVATOR PITCH

Ripple provides one frictionless experience to send money globally using the power of blockchain. By joining Ripple’s growing, global network, financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets.

PROBLEM SOLVED

Cross-border payments are unreliable, slow, and expensive

SOLUTION / TECHNOLOGY

Blockchain and the Interledger Protocol (interledger.org)

COMPETITIVE ADVANTAGE

Ripple’s network currently includes over 100 banks and financial institutions, including banks such as Santander and UBS and payment companies from MoneyGram to American Express. As the stewards of XRP, the best digital asset for payments, and the inventors of the open source Interledger Protocol, Ripple is uniquely positioned to transform global payments.

MARKET SIZE

$155 trillion are sent across borders each year

LHoFT’s Innovators Directory 2019

)+(

RiskConcile [ BELGIUM]

WEBSITE

TEAM FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

www.riskconcile.com Dr. Jan De Spiegeleer, CEO, Risk Analytics Mr Lieven op de Beeck, CTO Mr Karl Ottevaere, Business development Prof. Dr. Wim Schoutens, Model Validation & Valuation Mr Pieter Moors, Data Scientist RegTech Belgium, Luxembourg 2015

ELEVATOR PITCH

RiskConcile develops and deploys cloud-based risk solutions for the financial industry. Its first product, PriipsLab, is currently servicing asset management companies, insurance companies and service providers across Europe. Powered by its calculation engine and its expertise in financial markets, this solution produces an instantaneous risk classification and documentation of financial instruments. PriipsLab completely automates the requirement of Regulation No 1286/2014 of the European Parliament to inform investors on the embedded risk in complex financial products.

PROBLEM SOLVED

PriipsLab offers a flexible solution to calculate the risk of financial instruments (=priips) according to EU Law. The different numerical outputs are combined into the required Key Information Document (KID) in every European language.

SOLUTION / TECHNOLOGY

PriipsLab is deployed on a cloud-environment (AWS). If required an on-premise installation can be done as well.

COMPETITIVE ADVANTAGE

RiskConcile combines its theoretical knowledge in financial mathematics and machine learning with its experience in financial markets into the deployment of cloud based risk solutions. This capability gives RiskConcile an outspoken advantage compared to our competitors. An extra advantage is its strategic link with one of Belgium’s leading universities (KU Leuven)

MARKET SIZE

RiskConcile’s target market is the European asset management and Insurance industry. The European fund management industry is a 11 trillion EUR industry.

LHoFT’s Innovators Directory 2019

)!*

Scorechain

[ LUXEMBOURG ]

WEBSITE

www.scorechain.com

TEAM

Mr Pierre Gérard, CEO & Co-founder Mr Laurent Kratz, Chairman & Co-founder Ms Lisa Boussard, Marketing Executive

FINTECH SECTOR

Blockchain/ Cryptocurrencies/ RegTech

ACTIVITIES IN YEAR OF INCORPORATION

Luxembourg 2015

ELEVATOR PITCH

We provide trust in crypto markets. We are a crypto regtech startup that provides Anti-Money Laundering solutions for compliance (Bitcoin & Ethereum for today). Our monitoring tools can track transactions, addresses and wallets. It helps our customers verifying origin of funds, managing risk, investigating on forensics, leading AML compliance policies and source of wealth due diligence. Today we serve Crypto Exchange Platforms, Private Banks, Brokers, Audit firms, funds and ICOs and any financial institution willing to enter the crypto world.

PROBLEM SOLVED

! Provide compliance tools for Blockchain assets (AML, Know Your Transaction, Risk Scoring, Tax and audit reporting, Ownership proofs etc.) ! Provide Blockchain knowledge with trainings and workshops ! Provide tech and business skills for Proof-of-Concepts and Products development t through our consulting partner Neofacto ! We are the missing link between cryptocurrencies and the regulated world of f finance

SOLUTION / TECHNOLOGY

COMPETITIVE ADVANTAGE

LHoFT’s Innovators Directory 2019

! Data aggregation and sentiment analysis for crypto investors ! Blockchain Intelligence for Bitcoin & Ethereum AML ! AML Reporting for ICOs ! The only actor that provides customized risk management with the possibility to define its own scoring index ! Unique clusterization algorithm ! First AML solution for ETH ! User friendly dashboard and data visualization

)!)

MARKET SIZE

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

! ! ! ! ! !

Companies willing to operate with the Bitcoin ecosystem Audit firms serving regulated Bitcoin Companies Investigators, Law enforcement agencies Banks dealing with Bitcoin related clients Insurance and financial services All companies willing to innovate within Blockchains

)!+

Secourriel

[ LUXEMBOURG ]

WEBSITE TEAM

www.secourriel.com Mr Jorg Reinking, CEO Ms Sarah Halit, Project Manager & Business Development

FINTECH SECTOR

Cybersecurity

ACTIVITIES IN YEAR OF INCORPORATION

Luxembourg 2017

ELEVATOR PITCH

Secourriel provides a trusted digital collaboration solution for business. This includes end-to-end encrypted secure messaging for email and file sharing and data is being processed in Luxembourg in bank-grade data centres. Clients stay in full control. Further, crucial business functions, such as audit trail, team/delegation, are included in our solutions which make it unique in the industry. Indispensable facing GDPR and many other EU regulations.

PROBLEM SOLVED

! COST – we do much better as existing solutions at significant lower cost (CAPEX and OPEX) ! COMPLIANCE PROBLEMS - financial and general EU regulation covered ! BUSINESS PROBLEMS – we make secure messaging and file sharing a smooth process with strong B2B features

SOLUTION / TECHNOLOGY

LHoFT’s Innovators Directory 2019

Three layered security architecture, completely End-to-End encrypted and hosted in Luxembourg bank-grade PSF certified data centres (Tier 4, ISO 27001). Trusted party for message clearing and key management involved. Audit trail based on multiple distributed ledger technology concept. Major operating systems supported for desktops PCs (Windows. Linux) and mobile devices (iOS, Android). Microsoft Outlook Add-in. Back End server components available.

)!!

COMPETITIVE ADVANTAGE

Unique, strong and resilient security architecture catering to the needs of the finance industry, respecting the privacy of users and providing a high level of autonomy and control required by banking authorities. Data Protection best practise.

MARKET SIZE

TAM (Total Addressable Market): 2021 global encryption market is 7bn USD according to Zion Market research.

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

)!"

Seqvoia

[ LUXEMBOURG ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

www.seqvoia.com Mr Nicolas Buck, CEO Ms Susanne Schartz, COO Ms Vania Henry, CMO Regtech / Fundtech Luxembourg 2012

With our web-based solution FundD, asset managers, asset servicing companies and custodians easily produce and distribute core regulatory fund documentation, such as :

ELEVATOR PITCH

! ! ! ! ! !

UCITS KIIDs & PRIIPs KID Prospectus Data Dissemination Application forms Shareholder letters AGM / EGM

FundD significantly improves the accuracy, efficiency and traceability of production, translation and electronic distribution from the usual more cumbersome and potentially inaccurate manual update.

Ever-changing regulation, the growing scope of products, the shifting distribution landscape and multiple stakeholders editing documents means clients use our cutting-edge technology to: PROBLEM SOLVED

! ! ! !

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Reduce operational cost Fast-track products to market Ensure legal compliance and minimise risk Take better decisions

)!#

SOLUTION / TECHNOLOGY

Our web-based solution is offered as Software as a Service that can be accessed by our clients anytime from anywhere.

COMPETITIVE ADVANTAGE

FundD is a smart RegTech solution for a niche market; we offer a highly sophisticated tool that is unique in the market. Our main strengths and advantages are our deep industry expertise coupled with a profound understanding of the regulatory framework our clients operate in. They value our agility as well as our capability, willingness and flexibility to quickly respond to market requirements. This shows in our commitment to continuous improvement and our regular releases of new functions in response to legal and market requirements.

MARKET SIZE

> Asset managers, fund managers, manufacturers of structured products and insurance players offering PRIIPs > Located in Luxembourg, Switzerland, UK, Ireland, US & Singapore mainly

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

)!$

Smart Oversight

[ LUXEMBOURG]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.smart-oversight.com

Mr Guillaume Vieira de Carvalho, Co-founder & CEO Mr Paul-Claude Cayon, Co-founder & CTO

Regtech Luxembourg

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

Smart Oversight is a management solution that streamlines the Anti-Money Laundering & Know Your Customer processes based on Robotic Process Automation and Natural Language Processing algorithm.

PROBLEM SOLVED

! ! ! !

Reduce AML compliance costs Make the process scalable and faster Offer automation of the process even for small and medium entities Offer multi-channel screenings with no restriction to a single data provider

SOLUTION / TECHNOLOGY

! Natural Language Processing ! Machine Learning

COMPETITIVE ADVANTAGE

! Competitive Prices ! Automated web screening feature with our NLP algorithm ! Aggregate any source of data

MARKET SIZE

Any entities subject to the European Anti-Money Laundering Directive.

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

)!%

SnapSwap international

[ USA ]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.snapswap.eu Mr Denis Kiselev, CEO Ms Natalia Pavlova, CTO Payments/ Regtech/Blockchain USA, Russia, Luxembourg, UK

YEAR OF INCORPORATION

2015

ELEVATOR PITCH

SnapSwap provides a fully automated online customer onboarding / KYC solution for banks and other regulated financial services allowing them to onboard new customers in minutes rather than days.

PROBLEM SOLVED

Currently, customer due diligence processes in financial services are manual, inconsistent and provide an incomplete view of the customer and the risks they pose. Customer onboarding is expensive and inefficient.

SOLUTION / TECHNOLOGY

Snaprove™ is a unique fully automated solution for onboarding customers in compliance with anti-money laundering and “Know Your Customer” requirements remotely via a personal mobile device (a phone or a tablet) or on a personal computer. Integrated in a mobile app or an Internet site, Snaprove™ allows a company to verify the customer’s identity, collect KYC data, perform due diligence and obtain a legally binding electronic signature.

COMPETITIVE ADVANTAGE

SnapSwap offers complete end-to-end and fully automated solution to financial institutions in Europe and beyond.

LHoFT’s Innovators Directory 2019

)!'

MARKET SIZE

LHoFT’s Innovators Directory 2019

Number of financial institutions: EU – 5 848. BeNeLux, France and Germany – 3 050 Number of verifications: EU: 100+ million KYC verifications/year by 2020 BENELUX: 3+ million of new accounts and KYC per year Target industries: Banks, Telecoms, Investment funds, Insurance companies, Wealth management, Consumer loan companies.

)!(

Startalers

[ LUXEMBOURG]

WEBSITE

TEAM

www.startalers.com Ms Gaëlle Haag, CEO Mr Thierry Smets, COO

FINTECH SECTOR

Wealthtech

ACTIVITIES IN

Luxembourg

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

We are women’s BFF – best financial friend. We support smart, busy, responsible women taking ownership of their financial destiny. We provide a digital financial advisor that delivers financial awareness, tools to help develop their personalized financial plan based on their own objectives and the ability to execute on this plan through sustainable instruments that are aligned with their values.

PROBLEM SOLVED

Only 10% of women invest today – this is a significant opportunity cost for them as they retire – their pension savings is on average 40% lower than their male peers at retirement – but they live longer than men! So they have to do more with significantly less, with results in a significant vulnerability as they age.

SOLUTION / TECHNOLOGY

Bot, AI

COMPETITIVE ADVANTAGE

! Community for women by women where they feel safe to ask questions without being judged or patronized, ! Focus on onboarding through gamified financial education, ! Ability to improve their financial security while aligning their investments with their values, ! Investments in instruments that carry their values, with specific screening of women led ventures that are looking for funding.

MARKET SIZE

LHoFT’s Innovators Directory 2019

)"*

Szmart Blockz [ GERMANY]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.szmartblockz.io Mr Dennis Rossbach, Manager Blockchain Luxembourg, Germany

YEAR OF INCORPORATION

2018

ELEVATOR PITCH

Szmart Blockz is using blockchain technology to help being fraud save and clean for reporting, e.g. audits, compliance, etc. Strangers within the company are approving the orders, contracts, suppliers, etc. Szmart Blockz is a private blockchain tailored to the company needs in Procurement for the P2P process (Purchase to pay).

PROBLEM SOLVED

Preventing misuse of internal workflows and provide audit proof reports.

SOLUTION / TECHNOLOGY

Blockchain technology with approvals in a block. Genesis block issued to the CEO, COO, CPO, Manager, etc. (company specific)

COMPETITIVE ADVANTAGE

8 years professional experience in Procurement in Consulting, Defense industry and Banking. Special functions for approval workflow and compliance. Developer > 10 years professional experience in programming, e.g. in AI.

MARKET SIZE

Global. Focus on Medium sized companies and Fortune companies. Focus on Finance, Insurance, Defense and Automotive.

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

)")

Techmedev

[ BELGIUM]

WEBSITE

TEAM

FINTECH SECTOR ACTIVITIES IN

www.techmedev.eu Mr David Schmitz, Manager Mr Philippe Matray, Technology Manager Mr Amélie Jonet, Operational & Financial Manager Blockchain Belgium, Luxembourg

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

techmedev focuses on the area of blockchain technology leading two highly specialized technical projects: OpenJam (for music industry) & log-ion (data flow management). Once developed, log-ion and its technology will be deployed in a variety of B2B applications.

PROBLEM SOLVED

! Make flow management more efficient by a use of appropriate combined technologies. ! To allow the exchange and information processing in a fast, automatic and secure way.

SOLUTION / TECHNOLOGY

Our main focuses are on: blockchain (Ethereum, Hyperledger, Multichain, Chain), cloud, ipfs, open-source software development, progressive Web Apps, NodeJS MERN Stack

COMPETITIVE ADVANTAGE

Flexibility and adaptability in the usage of technologies. Permanent research for the best mix between need and technologies in its competencies area.

MARKET SIZE

European projects

LHoFT’s Innovators Directory 2019

)"+

Tresorio

[ FRANCE]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN

www.tresorio.com Mr Jonathan KLEIN, Manager Mr Loïc GORKA, Manager Mr Thibault STUDLE, Manager Mr Marceau VISANO, Manager Cryptocurrency France, Luxembourg

YEAR OF INCORPORATION

2017

ELEVATOR PITCH

A diversified investment vehicle related to Blockchain for European investors

PROBLEM SOLVED

Direct access to Blockchain investments with easier tax reporting and better security of blockchain related assets through an investment vehicle based in Luxembourg

SOLUTION / TECHNOLOGY

RAIF umbrella with different investment strategies from long only, mining and algorithmic strategies. Smart cost efficiency and heat recovery with mining installation. Algorithms developed by one of the most important Fintech in France with machine learning and high frequency features.

COMPETITIVE ADVANTAGE

! One of the first mover in Luxembourg ! Diversified investment strategies (long only, mining and algorithmic trading) ! Volatility management

MARKET SIZE

Estimated at USD 3 bn

LHoFT’s Innovators Directory 2019

)"!

VALORchain

[ SWITZERLAND]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

www.valorchain.io Mr Stefan Bachmann, Founder, Chairman of the Board of Directors Mr Pierre Mangers, Co-Founder, Member of the Board of Directors Blockchain/ InsurTech/ Digital Wealth Management Switzerland, Luxembourg, Germany and the UK 2018

ELEVATOR PITCH

VALORchain AG unlocks the full potential from tangible assets by solving the problem of poor data quality, provenance and authenticity in connection with tangible assets such as real estate, fine art, watches, jewellery, yachts, aircraft, automobile and wine. VALORchain applies blockchain principles and is launching a digital wealth management platform. Comprehensive, fraud-proof data records spanning the entire life-cycle of tangible assets are kept in one single place. The platform connects asset owners and services providers in a peer-to-peer eco-system and generates new revenues. The target operating model of VALORchain reduces administration cost and enhances overall productivity.

PROBLEM SOLVED

Enabling owners of tangible assets to get a quick and easy-to-understand summary of their wealth situation. Compare the wealth with peers. Access liquidity based on high quality data of the assets.

SOLUTION / TECHNOLOGY

Digital wealth management platform and marketplace that enables the execution of smart contracts. Manage the entire life-cycle and create a smartPROVENANCE for a tangible asset in one single place. Security, data storage and blockchain agnostic.

COMPETITIVE ADVANTAGE

! Profound knowledge of tangible asset management for over 10 years ! Tangible assets market is a niche which has not been exploited and digitally transformed yet ! State of the art, user-friendly UX ! Cost reduction for our b2b clients ! Revenue growth for our b2b clients ! Speed

MARKET SIZE

LHoFT’s Innovators Directory 2019

Both, the overall size as well as the growth rate of tangible assets is bigger than the one for bankable assets. The market for luxury and passion investments – especially in the emerging markets – is still growing at a rate of 25% and exceeds US$ 300 billion. )""

Vouch Digital

[ UGANDA]

WEBSITE TEAM FINTECH SECTOR ACTIVITIES IN YEAR OF INCORPORATION

ELEVATOR PITCH

www.vouchdigital.africa Ms Evelyn Namara, Founder & CEO Mr Najja Najibulla Sendege, Co-Founder & CTO Payments/ Money transfers / Digital Payments Uganda 2017 The Vouch platform is an online verified digital supply chain platform that enables donors to offer cash donations to communities, both conditional and nonconditional payments with three underlying principles: Transparency of payments made and recipients, Traceabiility of each transaction (end to end) and Accountability of each payment made (both donor and recipient side). The platform has in the past delivered payment vouchers for purchase of goods and services such as hermetic storage, seeds, fertilizers, medical equipment as well as farming equipment.

PROBLEM SOLVED

Fraud and corruption marring cash and donation-based programs

SOLUTION / TECHNOLOGY

Working on an identity verification toolkit that will help provide clear identification of aid recipients and a digital platform that enables donors to transfer payments to verified recipients.

COMPETITIVE ADVANTAGE

Product toolkit (in development) for proper verification and identification of aid recipients in Sub-Saharan Africa: [Our research shows that most fraud occurs because recipients are not well identified and verified]

MARKET SIZE

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Over $100 Billion is delivered in foreign aid world-wide, majority of this coming to the global south. Over half of recipients targeted by foreign aid are from Sub Saharan Africa and have no legal identity. (500m people)

)"#

Take a look at The “Luxembourg Fintech Map” Complied with the support of LFF, ALFI, ACA and ABBL, you will find below a nonexhaustive Fintech map giving an overview of the vibrant Luxembourg Fintech ecosystem.

LHoFT’s Innovators Directory 2019

)"$

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

)"%

Luxembourg’s Fintech Innovation Hub

LHoFT’s Innovators Directory 2019

)"'

LHoFTâ&#x20AC;&#x2122;s Innovators Directory 2019

Follow Twitter @The_LHoFT Linkedin @the-lhoft Facebook @thelhoft Instagram @the_lhoft Youtube @TheLHoFT The LHoFT Foundation 9 Rue du Laboratoire - L-1911 Luxembourg +352 28 81 02 01 info@lhoft.lu www.lhoft.com About the LHoFT The LHoFT – Luxembourg House of Financial Technology – is Luxembourg’s dedicated FinTech platform where finance and technology interact to foster innovation and develop solutions to shape the future of financial services. Offering start-up incubation, co-working spaces including a soft-landing platform, the LHoFT connects and creates value for the entire Luxembourg FinTech ecosystem: financial institutions, FinTech trailblazers, IT industry, research and academia as well as regulatory and public authorities.

LHoFT’s Innovators Directory 2019

)#*