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RHB Bank Launches Xcelerator 2023 to Advance ASEAN Fintech Solutions

RHB Banking Group announces an open call for startups across ASEAN to apply for its first-ever, Xcelerator 2023.  

The new accelerator programme is intended to develop and build a collaborative relationship within the tech and startup ecosystems and facilitate their adoption into Malaysia’s financial scene. The first cohort begins in January 2023.

“We look forward to Xcelerator 2023 as a great opportunity to meet and work together with promising founders to solve complex problems through co-experimentation of solutions.”, said the Head of Group Innovation, RHB Banking Group, Ganesh Mahendranathan. 

The programme is actively seeking seed-stage, venture-backed as well as growth-stage fintech, and adjacent vertical startups to address the following problem statements:

Customer Experience

Enabling a personalized customer experience via digital banking platforms

Distribution

Identifying solutions to broaden the insurance distribution network so that organizations can more effectively serve the needs of the community

Banking For Future

Providing banking solutions to grow together with young adults

Micro Banking

Harness digitized solutions to support the growth of small businesses. 

RHB Banking Group has partnered with 1337 Ventures for the three-month Xcelerator. 1337 Ventures, which runs incubator programmes and hackathons will provide mentorship, investment, and networking opportunities to the shortlisted startups.

“With their strong track record, specialization in rolling out Fintech accelerators and its wide startup database, 1337 Ventures made the ideal partner for us to launch our first ever corporate accelerator, Ganesh Mahendranathan added.

Bikesh Lakhmichand, CEO & Founding Partner of 1337 Ventures shared “We are thrilled to partner with RHB Banking Group for Xcelerator to provide support and resources for the next generation of fintech startups. This collaboration will help drive innovation in the banking industry and provide opportunities for up and coming entrepreneurs to turn their ideas into reality. We are excited to see the impact of these startups will have on the future of banking”.

During the 12-week programmes, participants will work towards refining their idea through Design Thinking, self-paced learning and mentoring from RHB business leaders. This will lead to a potential paid proof of concept with RHB Banking Group.
Submissions for Xcelerator are now open at https://1337.ventures/rhb-xcelerator/

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