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Tenity invests in 13 disruptive early-stage startups in sixth edition of Singapore Incubation Program

August 29, 2023

--> 13 early-stage startups from 7 different countries have been selected for the Tenity Incubation Program that started on August 28th, 2023, in Singapore

--> Selected startups receive an initial SGD 70k investment from the Tenity Incubation Fund II

--> Batch VI represent a diverse range of business verticals, including wealth management, real-estate, e-commerce, financing, payments, insurance, Web3 and more

The sixth edition of the Tenity Incubation Program in Singapore welcomes a cohort of 13 disruptive startups, selected from more than 230 applications. During the rigorous four-month program, the startups will receive extensive support to refine and validate their business ideas and go-to-market strategies. At the same time, they will have access and guidance from Tenity’s distinguished alumni, seasoned mentors, and our global investor network. The program will culminate with a Demo Day event on November 23, 2023.  

The new cohort includes 13 pre-seed startups from 7 different countries.

Jonas Thürig, Head of Asia and Managing Partner at Tenity commented: "Investing in early-stage fintech startups offers us a unique window into the future of financial innovation, especially in Southeast Asia where the sector has garnered unparalleled attention. The continued and robust interest from VCs underscores fintech's position as the region's most invested vertical. With our latest cohort, including startups in generative AI, we're not just witnessing, but actively participating in this transformative journey, signifying a bright future for fintech in the region."
Jun Ho Bae, Venture Lead at Tenity added: “Our aim is to become the most credible and prestigious early-stage venture investor in the financial services sector, and we are extremely blessed and excited to join forces with 13 exceptional teams across the region. Our startups are the secret recipe for the success of Tenity, and we look forward to supporting and journeying with each of them to lead the next wave of innovation across Asia Pacific.”

Meet the 13 startups of Singapore Incubation Batch VI

Alpyne Labs | India

Alpine labs provides on-ramp/off-ramp services for emerging markets including India.

Ambrela.Money | India

Ambrela.Money is a wealth management marketplace with an aim to provide access to proper financial services for the growing middle-class families in India.  

BurseAI | Singapore

BurseAI is a finance AI tool that helps growing tech startups to automate manual finance tasks while maximizing cost efficiency and productivity.

ChainArgos | Singapore

ChainArgos is a blockchain data and analytics startup building searchable blockchain platform. In a future where assets are tokenized, ChainArgos scales to bring transparency and make sense of blockchain transactions.

Fuelgrowth | India

Fuelgrowth is on a mission to provide eCommerce intelligence to everyone who wants to build and grow their online businesses. Fuelgrowth is an AI CoPilot for DTC brands and founders, helping them reach their true potential.

MedAdvance | Australia

MedAdvance is an alternative medical bill financing company that lowers the burden of upfront costs for patients while improving profitability of the clinics and doctors.

MetaCare | Philippines

MetaCare is a health & wellness marketplace, providing high quality benefits and protection plans for gig-workers or SME employees at an affordable price by aggregating negotiation power of these under-served individuals.

Mintpay | Sri Lanka

Mintpay is an alternative payment service provider that helps retail customers pay for goods on credit terms while also enjoying discounts and rewards. | Singapore is a verticalized AI company that specializes in the financial services sector, helping financial institutions maximize the power of its aggregated data.

Pin’J | Indonesia

Pin’J is Indonesia's first closed-loop working capital financing company for the underserved gig-workers, helping them to pay for mission-critical expense categories.  

P33R Finance | Singapore

P33R Finance is a DeFi, self-custody, P2P platform helping users on/offramp faster, safer, and cheaper.  

SupplyLine | Bangladesh

SupplyLine offers an integrated digital tool for small retailers to manage their daily operations and inventory while gaining access to working capital and invoice financing opportunities to improve their operations and cashflow.  

Thatch | Singapore

Thatch revolutionises renting, providing agents and tenants a holistic tool to improve efficiency and convenience. It digitalises and streamlines every step of the rental journey with documentation, capture and payments.  

Applications are now open for Incubation Batch VII in Singapore, Batch XII in Switzerland, and Batch III in Nordics. Don’t miss these opportunities, apply today!