Spotcap Awards Scholarship to Aspiring Fintech Entrepreneur

Spotcap’s Fintech Scholarship highlights the need for talent within the fintech industry and inspires the next generation

Sydney, Australia – February 19, 2018Spotcap today announced Vishal Uppal as the winner of the Fintech Scholarship 2017. The first of its kind in Australia, the scholarship awards one aspiring graduate with an interest in fintech $10,000 towards the cost of their tuition.

With the number of fintechs operating in Australia increasing by almost 500 percent (from 2014-2017),  fintech is considered one of Australia’s fastest growing industries. As a leader in this industry, Spotcap recognises its responsibility to foster the next generation of home-grown talent to enable the industry to evolve.

A current Finance and Computer Science student at the University of Sydney, and a previous student at the University of California, Vishal is committed to utilising this opportunity to develop his expertise, and shares Spotcap’s mission  to address the talent shortage within the fintech industry.

“I believe the most important challenge fintech will face is a social one,” said Vishal Uppal, winner of the 2017 Spotcap Fintech Fellowship. “My aim is to build solutions that address these issues by embracing design philosophy with the next wave of advancements in cognitive technology.”

Attracting suitable or qualified talent is one of the top challenges Australian fintechs face, with 52 percent of fintech leaders agreeing there is a lack of experienced start-up and fintech talent in Australia.

The scholarship program aims to promote awareness of fintech among students, and to encourage young Australians to value the influence of technology in remodelling the future of the financial services industry.

“We need to ensure that fintech has a healthy talent pipeline here in Australia,” said Lachlan Heussler, Managing Director of Spotcap Australia and New Zealand. “Vishal’s dedication to his studies and passion for the intersection of technology and finance, make him the perfect recipient of this  scholarship. He embodies the confidence, skills and talent that the industry needs to grow, we are proud to support him.”

Spotcap will continue to raise awareness of fintech and the opportunities it presents for both individuals and communities and will open its 2018 Fintech Scholarship later in the year.

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About Spotcap

Spotcap empowers SMEs with tailored finance, allowing them to focus on what really matters – their business. The company has developed a unique proprietary lending platform and credit algorithm which offer a fast and superior assessment of the real-time performance of SMEs. Led globally by Founder and CEO Jens Woloszczak, and locally by Managing Director of AU and NZ Lachlan Heussler, Spotcap is headquartered in Berlin Germany, and operates as a direct lender to SMEs in the United Kingdom, the Netherlands, Spain, Australia and New Zealand. The company will now offer its proprietary technologies and models to major institutions, financial or otherwise, beginning with BAWAG Group, under a ‘Lending as a Service’ (LaaS) proposition. Spotcap has raised 100 million euros in funding and is backed by a number of high profile investors including Rocket Internet, Finstar Financial Group, Access Industries, Holtzbrinck Ventures and Heartland Bank. The growing team currently consists of more than 120 employees globally.

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