Why a startup should take part in Open-F@b Call4Ideas 2017

Nicolo Petrone, European Manager of Medici, Platform for fintech of LetsTalkPayments, partner of BNP Paribas Cardif, explains the benefits that a startup can get by participating in Open-F@b Call4Ideas 2017. “A golden opportunity to enter the market ”

18 Oct 2017

“There are two basic reasons for a startup to take part in a call like Open-F@b Call4Ideas 2017.

The first is that the call represents a golden opportunity to enter the market. BNP Paribas Cardif represents a launch pad for startup, becoming its first customer and distribution channel. This advantage will never be given by either an investor or any other partner. Finding such an “early adopter” so wide and strong, leaving unchanged the ownership of the company, is a chance to seize for any startup. Secondly such a call, with such an important player, offers wide visibility and exposure, opening new channels, becoming an interesting case history for future partnerships”.

This is the opinion of Nicolo Petrone, European Manager of the fintech startup platform ‘Medici’, partner of BNP Paribas Cardif. He explains the benefits that a young company can get by participating in Open-F@b Call4Ideas 2017, an international initiative sponsored by BNP Paribas Cardif, in partnership with InsuranceUp, came to its fourth edition and focused this year on “preventive insurance”. (The contest is still open, the deadline for applications is October 23, 2017, here how to participate).

In this new edition, the collaboration with the Medici platform, powered by LetsTalkPayments, is one of the news of this year and represents an international strengthened potential of Open-F@b Call4Ideas. Medici is in fact a global collaborative innovation platform with operations in 25 locations worldwide, allowing it to be on the spot where “fintech happens” (one of its catchphrases), be a player in mature or emerging ecosystems, be able to intercept the most interesting startup basically everywhere in the world.

“We have people in all these locations, it’s our “secret sauce” – Nicolo Petrone says – Innovation in the financial sector, means to be in the right place, networking and understanding who are the players of such an ecosystem to catch startups. We do this thanks to a team of 35 people located all over the world”.

A winning approach that of Medici, which will be repeated also in collaboration with Open-F@b Call4Ideas 2017, resulting in the promotion of the initiative towards a selection of international startups focused on preventive insurance. Through the collaboration all the finalists will be included in the Medici platform, which currently counts 10 thousand global startup, 300 only in Italy. A network that includes investors, banks, top player companies around the world.

What is LetsTalkPayments – Medici

Medici is a global digital fintech platform, created by LTP – LetsTalkPayments, an editorial initiative born in the United States 4 years ago to promote independent culture and information in financial innovation, initially linked to digital payments. The growth of LTP has gone hand in hand with the boom of the fintech and today it counts a community of 160,000 readers, although it is still a niche topic. Natural contact with industry startups looking for visibility on the one hand, demand for innovation and startup by traditional players, such as banks, insurance carriers and investors on the other, addressed LTP towards creating a platform for collaborative innovation such as Medici, currently offering advisor services, open innovation, analysis and research.

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