Applications open May 11 - July 13
Apply here
-Finalists will pitch to a crowd comprised of venture capitalists, angel investors, local entrepreneurs, traditional finance/banking professionals, and last but not least, executives from BBVA
-Coverage from local and national press
Winners
-€180,000 cash prize. 2 winners from each region will receive a €30,000 cash prize to develop a project in collaboration with BBVA (see success story)
-Immersion program, the winners will join us for a 2 week (not consecutive) immersion program in Mexico and London where they will meet some of the best companies in the finance & technology industry while leveraging BBVA’s contacts to boost your business opportunities.
Who is eligible?
-Startups created after April 1, 2011
-Focused on fintech, or with a possible connection to this sector (see what sectors we are interested in)
-An operative project, or at least with a demo or beta version available
-Less than €1.5 million of funding and €1 million of revenue over the last
year
Further details
Background on BBVA
BBVA is a global bank with operations in more than 30 countries and over $600B in assets. BBVA is known for their commitment to innovation. They were the first bank to set up a $100M fintech focused venture fund, they acquired Simple in 2014, and the bank recently made waves with its announcement that it replaced its No. 2 executive with its head of digital banking showing a push for mobile banking and digital innovation (http://www.wsj.com/articles/spains-bbva-appoints-new-president-1430757128).
What sectors we are interested in:
Personal financial management (PFM), P2P, Consumer loans, Digital currencies, crypto currencies, Payments, Openplatforms, Financial inclusion, Insurance, Trade and commerce, Investment management...as well as e-commerce, Big Data, Mobile, Omnichannel, Legality, Internet of Things (IoT), Business Intelligence, Commercial Intelligence, Digital economy, Security, and New ways to interact with clients
Success story
Socure, a BBVA Open Talent 2014 winner in the category of New Banking (North America & Rest of the World region), is already working with BBVA Compass and Simple to help us transform the financial ecosystem. They are also working on a trial with our bank in Mexico. Other successful companies coming out of our previous competitions include:
PeerTransfer, Kantox, Traity, Yuilop. Busuu, Epiphyte, and Trip4Real.