Two Swiss fintechs among Tenity’s Batch X cohort

Seven early-stage startups have been selected for the 10th edition of the Tenity Incubation program, held in Switzerland. With two companies hailing from Switzerland, each participant will receive an initial CHF 50k investment from the Tenity Incubation Fund I.

The latest edition of the Tenity Incubation Program in Switzerland kicked off this week, welcoming a cohort of seven European pre-seed startups selected from a pool of almost 300 applications. Over the next four months, the entrepreneurs will receive support to refine and validate their business idea and go-to-market strategies. As part of the program, they get guidance and support from Tenity's alumni, seasoned mentors, and an extensive investor network. The program will culminate in a highly anticipated Demo Day event on June 22nd, 2023.

Marc Hauser, Head of Europe and Managing Partner at Tenity commented: "The selection process was highly competitive, and we extend our congratulations to all the teams who made it. With such diverse use cases, we are confident that this batch will bring valuable perspectives and enrich the Tenity ecosystem. Our team eagerly anticipates collaborating with these talented founders and being a part of their journey."

The seven startups of Switzerland Incubation Batch X:

Fume | Switzerland
Fume is an on-chain fund management tool to automate the administration through smart contracts, providing selective transparency (ZKP), Proof-of-Reserves, and removing intermediaries while not limiting on-chain funds to only digital assets.

SmartPurse | Switzerland
SmartPurse is your money mate, equipping you with the power to take control of your financial future. As a pioneering platform in web and app, they democratize financial education and planning. | Netherlands enables crypto exchanges and asset managers to offer managed index funds to their customers with a plug-and-play infrastructure solution, increasing safety, profitability and ease of use.

Drivata | France
Drivata is a platform that uses data generated by drivers to promote eco-driving and responsible consumption, support organizations' corporate social responsibility policy, and help develop sustainable cities.

Frienton | Germany
Frienton provides a digital SaaS solution and a new tech stack for "all-in-one finance" for entrepreneurs and founders.          

Jrny | United Kingdom
Jrny is addressing the growing housing crisis in the U.K., which is preventing many young adults from getting on the property ladder, with our Accelerated Ownership plan (rent-to-own with shared upside), aligning incentives between customer and capital.      

Luumeos | United Kingdom
Luumeos provides rapid human-in-the-loop quantamental artificial intelligence insights from across an organisation's own talent network to better forecast market performance. 

Applications are now open for Incubation Batch XI in Switzerland and Batch VI in Singapore.

(Press release/RAN)