Startup growth partner Decamp (CEO Park Young-hoon) and the Korea Fintech Support Center (Chairman Kim Geon) announced on the 29th that they will co-host 'DeCamp Startup OI #FinancialSector' on October 31st to present and share best practices of startups collaborating with the financial sector.
This event was organized to expand the base of cooperation between financial institutions and startups by highlighting best practices in collaboration, as financial institutions are increasingly collaborating with startups in diverse ways, beyond mere funding partners, including investment, business model validation, and joint technology development.
Decamp is accepting applications from startups with experience working with the financial sector until October 10th. Five startups will be selected to present their best practices. Selected companies will be given business opportunities with financial institutions and will be considered for investment.
On the day of the event, startups and financial institutions will review and select best practices based on clear business results, potential for expansion to other financial institutions, and high potential for follow-up support, such as future collaborations or investments. Financial Services Commission Chairman Lee Eok-ok and Korea Federation of Banks Chairman Cho Yong-byeong will personally present awards for these best practices. The "Startup-Friendly Financial Institution Representative Award," voted for by startup founders, is particularly noteworthy, as it recognizes the representative who actively contributes to startup growth and demonstrates the most friendly communication.
Around 40 financial institutions, including BNK Financial Group, IBK Industrial Bank of Korea, Shinhan Financial Group, and KB Financial Group, will participate in the program to review and mentor applicants. This initiative is expected to foster collaboration between startups and financial institutions and enable the financial sector to identify startups as new growth engines.
Additionally, the event will be further intensified by hosting the 'October Decamp Office Hour' on October 30th and 31st, where experts from financial institutions and venture capitalists in the fields of investment, business cooperation, and financial support will provide 1:1 mentoring.
A representative from Decamp said, “The financial sector is perceived as having relatively high hurdles for collaboration for startups,” adding, “We hope that through events like this, the financial sector and startups can more actively create and expand collaboration models.”
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