OTP Bank from Hungary to launch new international startup program - Deadline for applications November 30, 2018

OTP Bank from Hungary, the owner of OTP Bank in Serbia and Vojvodjanska banka, will launch its second international accelerator program in the first months of the next year and is accepting applications from growth-stage start-ups and scale-ups until the end of November, OTP Bank announced.

The companies participating in the three-month program will have the chance to refine their solutions through partnerships with bank, supported by OTP Bank executives, senior experts and renowned partners.

Applications can be submitted until November 30.

OTP Bank opened its second call for start-ups on October 17 2018. The new program called OTP Startup Program is backed by Hungarian and international corporate partners who joined forces under the slogan “Boost your business!”, the press release states.

OTP Bank is seeking post product-market fit start-ups and scale-ups, which will have the chance to test the integration of their products or services with bank technology, and to confirm their product-market fit, the press release adds.

The OTP Startup Program is looking for start-ups in the following 5+1 focus areas: advanced data and analytics tool, customer experience and servicing, internal efficiency ,open banking and security, product innovations and disruptive banking solutions, which do not fit in the categories above.

Program participants will be selected in three rounds. The program culminates in a Demo day in May 2019, showcasing the participants’ achievements to OTP Bank executives, selected investors, and the innovation experts of OTP’s Hungarian and international corporate partners.