Fintech Startup Interviews: Vauban founder Remy Astie (22 minutes, 17 Nov 2020)
It’s called Million-Dollar Startup and was orchestrated by the Canada Fintech Forum. Twenty fintech companies Zoom-pitched to a group of investors, and it was all delivered in a 6-part podcast culminating Nov 20, 2020. The prize is a CDN$1M (about US$800k) “investment opportunity” presumably from sponsor Portag3 Ventures. Grand prize specifics are vague given that both sides would ultimately have to agree on terms (for what it’s worth, the winner is not currently listed in the VC’s portfolio).
As the season progressed, the initial field of 20 was winnowed to 10, then 6, then 3 before the final winner, Vauban, was revealed. See below for the companies represented. Although it was a heavily Canadian field with half the field headquartered there, 2 of the 3 finalists were from outside the country.
The field was globally diverse. In addition to the 10 Canadian companies, 6 were from the United States (including 2 of the final 6), but none were from Silicon Valley (4 NYC, 2 Austin). And there were only 2 European companies, including the eventual winner, Vauban which is headquartered in London, but has French founders and investors. The other 2 companies were from Singapore.
Description: Platform for automating venture and hedge fund & SPV launches
Founded: Nov 2017
– 100 investment vehicles created
– 3,000 investors onboarded
– $300M AUM (assets under management)
Raised: $3.4M (per Crunchbase; not including the potential investment from Portag3)
Employees: 14 (per Linkedin)
Million-Dollar Startup Full Results
Platform automating venture and hedge fund launches
Digitizing Family offices management for private banks
Investment accounts for alternate investments
Other Finalists (3)
Business data as a service
Reverse mortgage lender
Capturing data institutions don’t have but need to better serve clients
Other Semi-Finalists (4)
Digital asset custodian
Embedded Finance simplified
Embedded lending infrastructure for vertical SaaS companies
Automating and streamlining data security
Other competitors (10)
Digital wealth management solutions for financial institutions
The fastest & simplest way to get employee benefits.
Digital banking app
Life insurance simplified
Big data/AI solutions
Workflow solution for Financial Advisors
Small business back-office platform