Ping An Technology Partners with SparkLabs to Launch a New Global FinTech Accelerator

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Yong Kim, Chief Executive Officer of Hanhwa Asset Management (US$80 billion AUM); Jim McKelvey, Co-founder of Square; Giri Jadeja, Global Head of Financial Innovation at the IFC; Bob Ceremsak, former Managing Member at Farallon Capital, Serving on Board of Advisors.

Ping An FinTech Accelerator Powered by SparkLabs

“We can think of no better partner than Ping An for our FinTech initiative in Greater China, and we look forward to working closely with the Ping An team in bringing together the best FinTech companies from around the world, and helping them build their businesses in this region,” says William Chu.

Ping An Technology, one of China Ping An Group’s affiliates and the driver of Ping An’s cutting-edge technologies, has launched its first FinTech accelerator via a partnership with SparkLabs Group (http://www.sparklabsgroup.com), a network of accelerators and venture capital funds.

Ping An Fintech Accelerator, Powered by SparkLabs will be jointly operated by Ping An Technology and SparkLabs. It will welcome applications from around the world, and target 10 FinTech companies to join the first batch. The program will provide topical seminars, hands-on mentorship from industrial experts and thought leaders, access to corporate networks and resources along with numerous corporate perks such as Ping An Technology cloud credits and more.

“We are excited to partner with SparkLabs to collaborate with FinTech companies from around the globe. Ping An Technology is the incubator of new technologies for Ping An Group. This accelerator forms a critical part of our incubation ecosystem. We are already working with a number of top universities globally on technology R&D. It is a very unique accelerator, as we will give the companies the opportunity to try out their technologies and business models for real with scale. An open Ping An Cloud platform will also be provided to help the companies to build their solutions.” Says CEO of Ping An Technology, Ericson Chan.

“We can think of no better partner than Ping An for our FinTech initiative in Greater China, and we look forward to working closely with the Ping An team in bringing together the best FinTech companies from around the world, and helping them build their businesses in this region,” Says William Chu, Co-founder and Managing Director for SparkLabs Fintech, the FinTech arm of SparkLabs Group. “SparkLabs has a proven track record in building accelerator programs in Asia, as evident in our 79% follow-on funding rate and 8x investment return in our Korea program. We are confident that we will become the best FinTech accelerator in the world within 3 years.”

Ping An Fintech Accelerator, Powered by SparkLabs is spearheaded by a group of seasoned industry leaders: From Ping An Technology, Ricky Ou, Chief Product Officer; Jon Ng, Chief Strategy and Innovation Officer; and Steve Lin, Senior Director of Partnership and International Business. From SparkLabs Fintech, William Chu, Co-founder and Managing Director; Jessica Jackley, Partner of SparkLabs Fintech and Co-founder of Kiva.org; Venture Partners include Brian Behlendorf, Executive Director of Hyperledger Project at the Linux Foundation; and Sameer Chishty, Chairman and founder of Streeton Partners, a Hong Kong-based FinTech merchant bank.

This accelerator also boasts a stellar collection of advisors, including Ericson Chan, Chief Executive Officer of Ping An Technology; Eugene Huang, Chief Operation and Technology Officer of OneConnect; Yong Kim, Chief Executive Officer of Hanhwa Asset Management (US$80 billion AUM); Jim McKelvey, Co-founder of Square; Giri Jadeja, Global Head of Financial Innovation at the IFC; Bob Ceremsak, former Managing Member at Farallon Capital.

Application process for the first batch will begin shortly and companies can apply here. Please direct all inquiries to zhangjiajie493(at)pingan.com(dot)cn or inquiries(at)sparklabsfintech(dot)com

About Ping An Technology
Ping An Technology is China’s leading technology service provider with strong R&D capabilities in technological development and application. Internally, Ping An Technology, as the cutting-edge technology core and corporate incubator, plays a key role in developing and operating critical platforms and services that supporting insurance, banking, investment, and internet businesses of the group.

Ping An Technology has formed a core technological matrix in biological recognition, artificial intelligence, big data, cloud and blockchain in the technology development and accumulation aspect. With international recognition, these core technologies will be applied to various service scenarios and drive revolutionary transformation to the industry. Ping An Technology takes customer service, exploration, entrepreneurship, and innovation as corporate culture, and dedicated to becoming the world’s leading technology service provider in the whole industry.

About SparkLabs Group
Founded in 2013, SparkLabs Group (http://www.sparklabsgroup.com) includes SparkLabs accelerator network,
Asia’s premier startup accelerators; SparkLabs Global Ventures (http://www.sparklabsglobal.com), a leading seed stage fund; SparkLabs Ventures, a localized early-stage fund (Series A & B) in South Korea; SparkChain Capital (http://www.sparkchaincapital.com), an early stage blockchain and cryptocurrency fund; and SparkLabs Capital, a late stage investment vehicle.

SparkLabs accelerator network consists of SparkLabs Korea (Seoul), SparkLabs China (Beijing and launching Shanghai, Chengdu and Shenzhen), SparkLabs IoT & Smart Cities (Songdo, South Korea), SparkLabs Cultiv8 (AgTech, FoodTech & Sustainability in Orange, Australia), SparkLabs Taipei and SparkLabs FinTech (Shenzhen, Hong Kong).

SparkLabs flagship accelerator in Korea has a 79% follow-on funding rate, one of the highest in the industry, and also hosts the largest Demo Day in the world, with over 2,000 attendees at the most recent event.

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Bernard Moon
SparkLabs
+1 6504545244
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