Copenhagen Fintech Accelerator invests in Singapore-based platform fund manager

Singapore-based AI open-platform fund manager Noviscient has been selected as one of eight winners and the first Asian startup to join the Copenhagen Fintech Accelerator.

The Singaporean-Danish FinTech tie continues to pave the way for strong startup collaboration – the latest living proof is Noviscient, pointed out the investment management firm in a press release.

“As the two FinTech hubs seek to strengthen their global positions, Singapore-based Noviscient, as the first company to become part of the Copenhagen FinTech Accelerator, expresses the joint ambition to lead the future of financial technologies by connecting startups. The process saw 135 entries from 35 countries,” the release said.

As Scandinavia has one of the most progressive and well-funded pension and savings sectors, the bridge gives Noviscient a great platform to further develop its business and exposure.

“We are incredibly excited by the opportunity be part of the Accelerace programme. We are benefiting from their depth of experience in building and scaling global companies. At the same time, we are seeing continued interest and engagement from institutional investors in the Danish and broader European ecosystem.,” said Scott Treloar, Founder and CEO of Noviscient.

The release said that over the course of the six-month program, Noviscient will be working with partners and mentors in the accelerator to create new solutions that create value for the investor community.

Importantly, there are very strong ties and commitments between the Singaporean FinTech Association (SFA) and Copenhagen Fintech, with significant involvement from both the public and private sectors.

The tie was cemented in November last year when the two groups, in collaboration with the Royal Danish Embassy in Singapore, announced a new DanSing Fintech Bridge to develop sustainable, innovative solutions.

Noviscient is first mover towards an Open Investment Management ecosystem that seeks to promote innovation and collaboration among the different specialist groups within the technology and investment management industries.

By opening up investment management and using AI technology, Noviscient is addressing the growing needs and demands from institutional investors by providing access to a dynamic portfolio of innovative hedge funds that offer sustainable and genuine alpha returns.