Copenhagen Fintech Accelerator

Scale up your fintech startup

Copenhagen Fintech Lab (the leading Nordic fintech co-working space and incubator), Accelerace (the leading Nordic accelerator) and The Danish Industry Foundation have joined forces to establish a dedicated fintech accelerator that can strengthen the positive development and help to innovate and develop new sustainable strong commercial fintech companies.

By combining knowledge, resources, mentoring and business acceleration capabilities with venture capital, strong Nordic corporate business partners such as Danske Bank, Nykredit and co-working facilities, we establish a foundation for developing successful fintech companies as well as attracting international start-ups to the ecosystem.

What you get

INITIAL PRE-SEED FUNding

Startups accepted into the program will be offered up to € 60.000 in Pre-Seed funding.

Relocation & free office space

As a part of the program, you will be offered free office space in Copenhagen Fintech Lab – The leading Nordic Coworking Space for Fintechs and assistance with relocation and accomodation in Copenhagen.

Extensive one-on-one training

Startups gets intensive one-on- one business training from experienced serial entrepreneurs.

Exclusive Founders pack

Resources and tools worth EUR 50,000 from Amazon, Microsoft, HubSpot, Rackspace, Horten, PA Consulting, and many more.

Exclusive Mentor Model

Mentoring from leading fintech and business experts in the Nordic ecosystem.

Corporate Partnerships

Direct access to corporate fintech companies to do POC’s and exclusive corporate partnerships.

What are we looking for

Copenhagen Fintech Accelerator is for all kinds of fintech startups, but we are especially looking for the following six categories of fintech startups.

personal-banking

Personal Banking

neobanking

Neobanking

business-solutions

Business Solutions

payments

Payments

insurance

Insurance

Real Estate

WHAT IT TAKES

The right product
It has to be more than just an idea. Think of it as a qualified pitch presentation to get investors interested in your startup. You must have a proof-of-concept or a MVP (minimum viable product), but we strongly prefer if you already have a product on the market.
The right team
Participating startups must have minimum of two full-time founders that are 100% focused on the core idea. They must be able to receive coaching and mentoring in English and stay committed to realizing their business goals. We are looking for visionary entrepreneurs with ambitions to change the future.

Frequently Asked Questions

Is it possible to include patent fees in the application?

Yes, you can attach documents to your application. If you scroll down the application page (For startups/Apply) you will be able to attach files. All your documents and other details will be kept confidential.

What stage should the participating startups be at?

It depends a little on technology and market, but from the level of MVP, prototype or more. Our focus is market development.

What is the outline of the contents of the program?

Our program is 100% flexible, individualized and efficient and designed around the challenges that companies at your stage experience. The content is centered around learning labs, workshops, mentoring and coaching that are tailored to your needs. We’re a specialized scaling platform rather than a traditional acceleration program.

Do I need to relocate my company to Denmark to participate?

No. You don’t necessarily need to relocate since we can do the mentoring remotely. However, you do need to register your company in Denmark (CVR number) and have some activity here e.g. participating in camps and client or investor meetings.

Do you help with the relocation?

If you do wish to relocate to Copenhagen, we will help you with administrative tasks, logistics, discounts and help you get in touch with the right people.

I’ve already participated in other programs – why should I join yours?

Well, it’s up to you – however here are the most obvious 5 reasons:

1) We focus on late stage startups that are already on the market and we help them scale. Most other programs are incubators or early stage accelerators.
2) We match you directly with our leading corporate partners that are interested in your technology and which in return will offer your know-how, insights and expertise.
3) You’ll get an extra ressource on your team and not just a mentor giving you ad hoc advices.  Our business accelerators & investors spend 180 hours with your startup. Now that’s really something.
4) Think of it as a shortcut to the Northern European markets. Not only is our startup tech scene vibrant and booming, but we also offer a  hotbed for clean tech, food and life science and a gateway to the Nordic countries. Denmark is home to 22% of the scaleups in the Nordics – and together the Nordic countries have almost 6 times as many scaleups as the average country in continental Europe, and 9 times more than in Southern Europe.
5) Denmark is one of the most digitalized and innovative countries in Europe. Our bustling, creative startup scene has fostered some of the world’s most successful tech companies and disruptive startups within AI, big data, block chain, healthtech and IoT.

Do you take equity?

We don’t take equity in your startup. We do however include a tag-along right, so if you find an investor during the program, we have a right to co invest on the same terms as your lead investor (up to DKK 1 mio.)

How are you funded?

Our program is partly funded by the Danish Government and leading Danish and International corporates with the goal to attract startup talents and create growth.

How much time should I expect to spend on the program?

Our program is designed around challenges that companies at your stage experiences. Consider spending about 4-8 hours per week in average, plus time do business development related efforts with the corporate partners. This factor varies from company to company.

"When I realized that Accelerace and Copenhagen Fintech were going to help us set up the Proof of Concept or an MVP for a collaboration with one of the partner banks, it was a no brainer for us. We were already working on it in Norway and struggling, so we need that specialized help going forward"

Didrik Martens

CEO and Founder Bizbot

"We chose this accelerator because Copenhagen and Denmark is the bridge into the Nordic markets. The program will both be a help for our regular business but also for developing a proof of concept with the support of Accelerace and the banks. The Nordic markets are very different from Southern Europe and it is a rich market for the real estate sector, which we serve with our solution"

Edoardo Ribichesu

Co-Founder

“This is not a generic program to make a company better as there is a very concrete output. Secondly, we have the international aspect with other startups are from different countries providing us with international inspiration. Thirdly, we have the opportunity of collaborating with some big financial institutions that can broaden our network"

Maximilian Frimmer

CEO & Co-Founder

Partners and sponsors

Copenhagen Fintech Accelerator is backed by the best in class to establish a dedicated fintech accelerator that can strengthen the positive development and help to innovate and develop new sustainable strong commercial fintech companies.

Has accelerated +500 start-ups over the last 9 years and one of the leading accelerators in Europe.

Also, they have invested in +70 start-ups and have helped leading international corporates in open innovation and start-up engagement.

Situated in the heart of Copenhagen with more than 40 Fintech start-ups residents.

The first dedicated Scandinavian Fintech co-working space linking the entire ecosystem together and with an immense global network to support start-up growth.

Danske Bank is a Nordic bank with strong local roots and bridges to the rest of the world. For more than 145 years, they have helped people and businesses in the Nordics realise their ambitions. Today, they serve personal, business and institutional customers and in addition to banking services, they offer life insurance and pension, mortgage credit, wealth management, real estate and leasing services.

Danske Bank aim to create long-term value for all their stakeholders – their customers, shareholders and the societies they are part of – and their vision is to be recognised as the most trusted financial partner by making important financial decisions and daily banking easy.

Nykredit is one of Denmark’s leading financial services groups activities ranging from mortgage lending and banking to insurance, pension, estate agency.

For more than 165 years, Nykredit has helped Danish families buy their homes and Danish businesses grow. Nykredit is created by the customer – for the customers. And as something truly special, Nykredit is predominantly owned by a union representing the customers.

The newest unit in Nykredit is the Digital Innovation unit working in the crossroads of IT, digital, and marketing. Here, the interdisciplinary team keeps a close eye on the newest trends within technology and collaborates with Copenhagen FinTech.

ARE YOU READY TO WORK WITH US? LET'S GROW YOUR BUSINESS.