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In Financial Services, Announcements, Latin America, Featured

SAP.iO Foundry Latin America and Caribbean Kicks Off B2B Innovation in FinTech Program  

May 18, 2023 — SAP SE (NYSE: SAP) today launched the 2023 program focused on innovation in financial technology (FinTech) at SAP.iO Foundry Latin America and Caribbean. The 10 startups have been selected by a jury of SAP experts, partners, customers, and investment funds to join the program, with 90% of the startups led by underrepresented individuals. 

2021 was a breakout year for venture capital deals in Latin America, with a total of $16.3 billion invested in startups – more than the previous five years combined. FinTech and financial services account for around 39 percent of this total investment. To address this demand, the SAP.iO program is designed for startups with innovative B2B FinTech solutions such as digital wallets, open banking, banking-as-a-service, and ‘Buy now, pay later’ (BNPL).  

During the 5-month program, the selected startups will work to build and develop long-term partnerships with SAP by defining joint use cases, product integration and various business development opportunities. SAP customers will also be involved in the program by evaluating opportunities for proof of concepts.  

The following startups are participating in the SAP.iO Foundry Latin America and Caribbean 2023 program:  

  1. Agrotoken creates a secure and frictionless ecosystem to make trading grains easier, more efficient and more reliable based on asset tokenization. 
  2. Bankuish simplifies access to personalized loans for gig workers and freelancers by translating their work into a language that financial systems can understand. 
  3. CryptoMate explores and launch Web3 digital transformation through simple APIs. 
  4. Jelou AI enables financial services via WhatsApp using AI. 
  5. Kanoo Pays is a digital wallet that allows users to make secure payments and transfer money from their mobile devices. 
  6. MetaMap eliminates manual and repetitive identity verification tasks for B2C FinTechs, helping them to onboard and verify new users. 
  7. Slice reimagines the financial orchestration by collecting data from multiple sources and structuring a data lake at a comprehensive ledger.  
  8. Synaptic is an open finance solution that automates capturing, processing and delivering data. 
  9. Toku Spa offers a simplified payment system that collects debts, reduces late payment and improves the fidelity of customers.  
  10. Wispok allows users to create QR codes, encrypted graphics, and payment links that are unique to each person and lead to a checkout where users can see the amount due for each payment.  

About SAP.iO  
SAP.iO curates a relevant and diverse startup ecosystem that extends the value of SAP solutions and meets the continuously evolving needs of our customers. Our programs provide dedicated support to the most promising startups as they launch and scale relationships with SAP and our global network of customers, partners, and employees. Since 2017, we have connected thousands of SAP customers with innovative enterprise software startups, helping them find solutions to their unique needs. For more information, visit http://sap.io/.    

In Foundries, Featured, Sustainability, Announcements, Latin America

SAP.iO Foundry Latin America Kicks Off Sustainability in Agriculture Program

October 6, 2022 — SAP SE (NYSE: SAP) today launched its very first program focused on sustainability in agriculture at SAP.iO Foundry Latin America. Seven startups have been selected by a jury of SAP experts, partners, customers, and investment funds to join the program.

The selected startups innovate on efficient and sustainable farming and optimizing agricultural logistics processes. Over the next 16 weeks, they will have access to curated mentorship from SAP executives, exposure to SAP® technology and application programming interfaces (APIs), and opportunities to collaborate with SAP customers around the world.

The following startups are participating in the SAP.iO Foundry Latin America Fall 2022 program:

  1. Altum Lab (Chile) predicts the quality of raw material months in advance using AI and makes suggestions on how to use it in the production process to satisfy commercial contracts.
  2. CargoSnap (Brazil) is a mobile app that enables businesses to easily perform visual cargo inspections, resulting in less claims, less damage and happier customers.
  3. DigiFarmz (Brazil) provides smart agronomic recommendations for higher yield, profitability, and risk mitigation with less environmental impact.
  4. Drivin (Chile) optimizes deliveries and reduces transportation costs by delivering efficiency and visibility to every process, simplifying management and optimizing the transportation and distribution operations.
  5. goFlux (Brazil) digitizes the entire logistics process, including qualifying carriers, pre-approving suppliers and providing ways of negotiating freight, managing the entire process from contracting, operations to the payment process to the carrier.
  6. Solena Ag (Mexico) turns soil data into diagnostics insights through its proprietary AI engine that provides customized recommendations, helping farmers increase nutrients, productivity, and profitability, while reducing their carbon footprint.
  7. Woocar (Argentina) combines AI and behavioral sciences to improve efficiency, safety, and sustainability in transportation while reducing the carbon footprint and operational inefficiencies.

About SAP.iO
SAP.iO delivers new partnerships and products for SAP by accelerating and scaling startup innovation as well as incubating employee ventures. SAP.iO brings together innovators from every region, industry, and line of business to transform how businesses run. Since 2017, SAP.iO has helped 450+ external startups and internal ventures accelerate their growth while enabling thousands of SAP customers to access innovation. For more information, visit http://sap.io/.