MKB Bank invests in Amon via its Accelerator
At the beginning of January the Amon team participated in a selection programme for one of the most important accelerators in Europe and today we are thrilled to announce that Amon will be part of a bigger family with the MKB FintechLab Accelerator and Innovation Lab in Hungary.
MKB Bank is the 4th largest bank in Hungary and runs every year a 3 months accelerator programme that helps Fintechs to grow.
How was the selection process?
The selection process consisted of different interviews and a full-immersion 3 days competition in Budapest which took place at the beginning of January.
During the final round of 3 days 18 Fintech startups participated. The Amon team presented the project and its vision to mentors, people from the banking industry and completed all tasks required during the competition.
To demonstrate our validity to enter the programme, the Amon team worked on an assignment to demonstrate the agility of connecting with all of you, our community. We share with you some pictures of the time we spent at their headquarters.
Part of the Amon team will travel to Budapest in March, to start the 3 months with MKB and the other companies selected.
What’s in it for Amon?
MKB Fintechlab will infuse funds into Amon but this is not the only good point.
The accelerator has 50+ mentors that will interact with the Amon team giving advices and support over the next months. They will share their knowledge on different aspects such us legal, compliance, marketing, IT.
The accelerator also provides office space in Budapest and will connect us with other companies that will be joining the programme and alumni from previous programmes. It will be a great opportunity to network and create partnerships.
On the products side, the accelerator is backed by MKB Bank which can give support on obtaining licences, potential new products, IT security and much more. Fintechlab also has good connections to the regulators at the Hungarian National Bank, so we look forward to being able to move quickly in the Hungarian market.
Part of the Amon team will be moving to Budapest to take advantage fully of this programme. This period is not meant for us to be disconnected from our goal and products development but is a complementary itinerary where we will work harder to accomplish the goals that we have set and speed up the operations.
About MKB Bank
MKB Bank is the fourth-biggest commercial bank in Hungary. The history of MKB BANK is one of the longest among the financial institutions of Hungary. With the wide range of its banking services and products, the bank contributes to the business success of its retail and corporate customers and also to an increase in the overall performance of the Hungarian economy. MKB Bank is among the pioneer Hungarian financial institutions in the digitization of banking. It was the first among the major banks to introduce the MKB Mobilbank, which has become one of the most popular banking applications through continuous innovations, the MKB PAY mobile payment application and an online account opening service. In 2017 MKB Bank established and operates MKB FintechLab, Hungary’s first fintech incubation programme to support the fintech projects of startup companies.The MKB Group has companies that fulfil a prominent role in numerous fields of the economy. In vehicle and agricultural machine leasing MKB Euroleasing; in consultation services relating to EU applications MKB Consulting; while in investment management MKB Alapkezelő are major companies.
Have a great day!