LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

Scotiabank Partners and NXTP Labs Form Strategic Partnership to Accelerate Latin American Startups

October 13, 2017
Fintech Latin America Scotiabank NXTP Labs LAVCA Venture Investors

Scotiabank Partners and NXTP Labs, an Argentina-based venture capital firm and accelerator, have announced a partnership to accelerate fintech startups from Mexico, Colombia, Chile, and Peru.

(Press Release) Scotiabank announced today a new and innovative partnership between Canada and Latin America’s leading start-up accelerator, NXTP Labs, at the Fintech Conference 2017 in Bogotá, Colombia.

This strategic partnership will allow the Bank to access to the most promising Fintechs in Mexico, Colombia, Chile, and Peru, and leverage these countries’ innovative start-up ecosystems to help drive its global digital banking transformation.

“We are thrilled to partner with Latin America’s premier start-ups accelerator to further advance our global digital banking strategy”, said Nacho Deschamps, Group Head, International Banking and Digital Transformation. “This partnership will allow us to gain competitive advantage, accelerate innovation, and form Fintech partnerships to offer innovative solutions to our 24 million customers.”

At the Fintech Conference 2017 in Bogota, Scotiabank also announced a special award for the Fintech with the most innovative solution and potential for development. The selected Fintech will be chosen at the end of the conference from the 35 start-ups that participated in NXTP Labs’ 2017 Acceleration Program. The selected Fintech will be invited to Canada to meet Scotiabank’s digital team in Toronto, explore partnership opportunities and discover Toronto’s innovation ecosystem.

“This partnership and prize will allow us to gain early visibility on transformative trends and technologies in the industry by leveraging our expertise and global scale,” said Thayde Olarte, Vice President Fintech Partnership, Innovation. “We look forward to boosting our engagement in the Latin American start-up ecosystems to delight our customers across our footprint with simple, personalized banking experiences.”

NXTP Labs is a premier Latin American start-up accelerator with a vast regional network that supports and scales companies with innovative technology solutions. NXTP Labs offers a highly experienced and diverse management team, and is one of the most active early stages Venture Capital funds in Latin America, with significant institutional support and deep regional networks. 35 Fintechs from Latin America participated in NXTP Labs’ 2017 Acceleration Program over 12 weeks and received more than 500 hours of mentorship from over 170 mentors.

This partnership is part of a broad digital transformation strategy the Bank is undertaking, which spans over multiple geographies and multiple strategic alliances with leading Fintechs and venture capital firms such as QED Investors. As part of this transformation, five digital factories were open in our priority markets to deliver innovative solutions for Scotiabank customers.

Scotiabank Partners and NXTP Labs Form Strategic Partnership to Accelerate Latin American Startups was last modified: October 17th, 2017 by Editor
AcceleratorsBogotáChileColombiaFinancial ServicesFintechFintech Conference 2017InnovationMexicoNXTP LabsPartnershipsPeruScotiabankVenture Capital
0
Facebook Twitter Google +

Categories

  • Deals
  • Exits
  • Regulatory
  • M&A
  • New Funds & Firms
  • Partnerships

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.






Which LAVCA Newsletter would you like to receive?

Tweets

  • Check out this week's top #startup deals and news on emerging tech in #LatAm from LAVCA's #LatAmVentureBulletin:… https://t.co/NOvUvkCflB

    27-Jan-2023

    Reply Retweet Favorite
  • #VC investment in #LatAm in 2022 reached USD7.5b, according to preliminary LAVCA data. Stay tuned for LAVCA’s yea… https://t.co/kAqAuL8Iq5

    23-Jan-2023

    Reply Retweet Favorite
  • January 20 is the last chance to register for "ESG in Venture and Tech Investing," the latest training in the LAVCA… https://t.co/UrbfcPgM7l

    19-Jan-2023

    Reply Retweet Favorite
  • Submissions for the 2023 LAVCA ESG Deal Awards are closing on January 20, 2023. LAVCA's ninth annual showcase will… https://t.co/AIu4FVKxT6

    11-Jan-2023

    Reply Retweet Favorite
  • Thank you for your continued support and commitment to grow private capital investment in Latin America. We look fo… https://t.co/AHA1txwyJZ

    30-Dec-2022

    Reply Retweet Favorite

Keep in touch

Twitter Linkedin Youtube

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Office

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

Explore LAVCA.org

  • About LAVCA
  • Board, Team, & Advisors
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top