FinnovistaFinnovista is an impact organization ... that accelerates the development of technological companies who provide digital financial services while simultaneously boosting the fintech ecosystem in which these companies operate ... Finovista focuses on the fintech opportunity in emerging markets where an important gap existes between access to financial services and to digital technologies ... by involving a “smart collaborative network” that includes entrepreneurship ecosystems, investors and the financial industry of developed and emerging economies. In Finnovista, we believe that this gap can become smaller with the creation of tech startups, that can provide financial digital services to large segments of the population in a profitable and effective way, with new and more innovative business models adapted to the realities of those markets.
We believe in the reinvention of the financial services industry, by adapting it to the actual era of information through entrepreneurship, innovation and technology, building new financial services from the ground by organizations tailored for it (fintech startups), without the legacy systems or the heavy balance sheets management focus. We believe that the emerging economies, and particularly Latin America, have the unique opportunity to give a quantum leap to the new and more efficient digital financial services that are demanded by a growing young population, creating a permanent socio-economic impact in these markets. We believe that through the creation of a vertical environment (fintech) of support and the involvement of collaborative networks, that integrate the different actors of the traditional industry and the new actors, Finnovista can increase dramatically the rhythm, potential and scalability these early-stage fintech startups can accomplish. We believe that the financial institutions can and have to play an integral role in the development of the fintech ecosystem. The banks can provide strategic, financial and industrial know-how capabilities to an initiative that will bring them access and “insights” to the new business models that will transform the industry, and that at the same time contribute to the socio-economic development of the region.
Who We AreFinnovista was founded at the end of 2012 by a group of entrepreneurial professionals with backgrounds in digital technology, venture capital and financial institutions, for the purpose of exploiting the entrepreneurial driven trend of digital transformation to facilitate the creation of a better financial services industry. During these two years Finnovista has built a fintech ecosystem which extends across developed and emerging countries:
- We have built and facilitated the communities of fintech innovators in Latin America and Europe through our smart collaborative network involving over 250 entrepreneurs, investors, corporations and public institutions.
- We have created the leading fintech innovation forum (In 2013 and 2014, under the Next Bank brand, and from 2015 onwards under the FINNOSUMMIT brand) in Latin America and Europe, bringing together more than 1500 innovators. These high impact events took place in cities like Madrid, Barcelona, Mexico DF and Bogota, and were supported by partners like 500 Startups, Accenture, BCN Activa, Gentera, Mastercard, BBVA, Endeavor, INADEM, iNNpulsa, MWC, Omidyar Network, Visa and Wayra/Telefónica, among many others.
- We have designed, implemented and managed four large-scale fintech startup competitions on behalf of Innotribe (SWIFT) and BBVA Open Talent (BBVA), that have relied on the participation of our smart collaborative network.
- We have captured the interest and received applications from more than 1200 startups worldwide in our startup competitions that seek emerging talent transforming the financial industry and related sectors.
- The finalists of our startup competitions have subsequently been chosen by large corporations to execute strategic projects and have received investment in excess of $40mn from VC companies and business angels.
- We have co-created and facilitated business innovation workshops and financial services hackathons, involving a diverse network of entrepreneurs, financial industry executives, investors, technologists and consultants.
- We have designed, implemented and executed acceleration programs for global startups in New York, connecting the companies the US ecosystem and investors.
Managing Partner, Finnovista
Fermin is a venture capital & innovation professional with extensive investment, operational, product strategy and technology experience in high-tech digital markets. Fermin is Co-founder and Managing Partner at Finnovista, where he has pioneered a fintech innovation platform driven by a smart collaborative network, that runs startup competitions, acceleration programs, fintech events and corporate-sponsored open innovation programs in Europe, US and Latin America. Before Finnovista, Fermin was part of the leadership team that launched an impact startup accelerator and an 185M-euro impact investment fund in Spain, where he managed startup investments in fintech, mobile, enterprise software and semiconductors. Fermin has also worked as a management consultant and technology researcher in early mobile technologies in Europe. Fermin holds a M.Sc. in Electrical Engineering from Universidad Sevilla, and MBA from IE Business School (Spain).
Managing Partner, Finnovista
Andres Fontao is Co-founder and Managing Partner of Finnovista, where he has pioneered fintech events, startup competitions and bank-sponsored open innovation programs throughout Europe and Latin America under different brands, including Next Bank, Innotribe and BBVA Open Talent brands. Prior to starting finnovista, Andres spent time with a Silicon Valley-based fintech start-up leading expansion into Europe and LATAM. Before that, he was head of mobile banking at Bankinter. Andres has also worked as a consultant to mobile operators in Europe and Mexico. Andres holds a BA from Middlebury College in Vermont (USA) and MBA from IE Business School in Madrid.
Chief Operating Officer, Finnovista
Antes de llevar planificación estratégica para el WebSummit de Dublín, Cian trabajó como trader de derivados de renta variable para JP Morgan en Londres durante 8 anos. Tiene un MBA del IE Business School además de poseer el título del CFA.
Startup Competition & Acceleration Manager, Finnovista
Paula is a bachelor of Business and Administration from Northeastern University in Boston. Paula has several years of experience in Risk Capital, having worked as an analyst in the Hercules Technology Growth Capital in Palo Alto and as Associate in Axon Partners Group, a Spanish Risk Capital fund. She holds a Master in Finance and Innovation from the Munich Business School, giving support to the business development of startups within the Wayra Academy in Munich, as well as in the elaboration of an expansion plan for Line, the global instant messaging App.
Communications & Community Engagement Manager, Finnovista
The promotion of entrepreneurship as a driving force for change has been a motivation both professionally and personally for Jessica throughout her career. She is an expert in the fields of Communication, Fundraising, and Marketing as a tool for social change. Jessica has a degree in Communications and a Master´s in CSR. She is an advocate for international collaboration, leading her to study in the Philippines, Argentina, Germany, and Scotland. Jessica has worked with national and international organizations on projects related to causes such as human rights, children, and poverty. Before Finnovista, she worked as the Communications and Marketing Director for the Iniciador Foundation. With more than 250 volunteers, it is the largest community of entrepreneurs in Spain organising more than 800 training and networking events across 10+ countries, and 50+ cities in Spain.
Con una formación inicial en investigación social y teoría política, cuenta con experiencia en el diseño de estrategias comunicacionales y consultoría a partir del uso de datos y análisis de la opinión pública en instituciones públicas y privadas. Interesado en el desarrollo continuo de la tecnología y la implementación de proyectos de Big Data & Analytics dentro de las organizaciones, para la optimización de procesos y el mejoramiento de campañas marketing y relacionamiento con los clientes. Edrit cuenta con un Master en Business Analytics & Big Data por el IE de Madrid, con lo que pasó a vincularse más activamente en el ecosistema de las startups que hacen vida en la zona y a trabajar en proyectos para desarrollar modelos predictivos para mejorar la toma de decisiones.
Bo has +15 years of international advisory experience in enterprise development and financing in emerging markets. For the last 12 years he has worked with the European Investment Bank (EIB), where until the end of 2014, he was senior advisor RDI finance to improve access to finance for innovation intensive companies under the joint EC/EIB InnovFin initiative launched in mid-2014. Previously, he was senior investment officer Caribbean under the African, Caribbean and Pacific (ACP) Investment Facility with its focus on private sector development and poverty alleviation, then in its EU lending directorate as country responsible for EIB operations in Croatia in the run up to its EU accession. He has also been research associate strategy department at IE Business School in Spain and consultant “Economics and Management” with COWI, where he worked for the major development finance institutions on assignments in more than 25 transition and developing countries in Eastern Europe, Asia, Latin America and Africa. He initiated his career as Banking supervisor with the Danish Ministry of Economy. He graduated with a MSc Economics from University of Copenhagen followed by MBA (honors) and AMP programs at IE Business School in Madrid, Spain.
Member Board of Advisors, Finnovista
Vicente has more than 20 years’ experience in the micro-finance industry. He is the co-founder and Director General of FinComún, leading Mexican micro-financier. He has been an advisor to the Credit Bureau at the Banco de Ahorro Nacional as well as to diverse companies and NGOs. He has been an Endeavor entrepreneur since 2004. He has been involved in numerous micro-finance, social enterprise and technology events. He is currently Founder and CEO of the kubo.financiero p2p lending platform which provides an online market place for credit applicants and investors. Kubo is licensed by the National Bank and Securities Commission of Mexico and was the first entity in the region to obtain this permission.
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