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BBVA Digital Finance Challenge

Description

BBVA has teamed up with Venture Café Global Institute to identify technology solutions for the purpose of joint-venture, investment, and/or proof-of-concept engagement. As a multinational banking group based in Spain, BBVA is issuing this Request for Innovation (RFI) for eCommerce solutions in the area of digital consumer finance. Are you a fintech startup or scale-up looking to partner with a large banking group in operations in Europe, Latin America, and the United States? Keep reading to learn how to be considered.

Scope

BBVA is looking for a company whose technology provides eCommerce customers with an excellent customer experience when attaining installment financing. With more consumers than ever before purchasing big-ticket items such as appliances and cars online, digital retailers will require easy-to-use financing options during the transaction process. The goal is for customers to obtain financing for purchases in a 100% digital environment. The selected company will collaborate with BBVA on a proof-of-concept pilot that integrates its technology and sales capacity in a real-world retail environment. The selected company’s solution needs to be immediately implementable. Therefore, we are looking for strong proof of current traction and success.

Ideal Partner

The ideal selected startup or scale-up needs to be capable of starting operations in at least one country within BBVA’s global footprint (Spain, Mexico, USA, Turkey, Argentina, Peru, and Colombia). The selected team must be able to provide 24-hour, native-language support to the BBVA client once the project launches. Proposal submissions close at 11:59pm Madrid time, 8 February, 2019. Proposals will be reviewed as they are submitted, and top candidates must be available on March 11, 2019 to meet with BBVA leadership for further discussion and evaluation. All travel and accommodations will be provided.