Sydney, Australia – 5 September 2017 – Online lender Spotcap is today launching its Fintech Scholarship program – an award of A$10k to help support aspiring students of fintech in Australia.
At a time of increasing need for fintech expertise, the program supports one student of either undergraduate or master’s level, pursuing studies in a fintech-related field. Alongside the scholarship offering, Spotcap is also offering one paid internship placement for early 2018 at its Australian offices located in Sydney.
“We need to ensure that fintech has a healthy talent pipeline here in Australia,” said Lachlan Heussler, Managing Director of Spotcap Australia. “In creating the Spotcap Scholarship, we aim to support and encourage the industry, raising awareness of career opportunities and fostering the talent underpinning its future growth.”
Fintech is one of Australia’s fastest growing sectors, attracting more than $430m of investment in 2015, and expecting to reach A$4 billion in revenue by 20201. Its continued success is closely connected to the access and availability of local talent, in the short – as well as long-term. Through the Scholarship, Spotcap looks to build the connection between Australian educational and fintech institutions ons to highlight career opportunities.
Industry association Fintech Australia is also supporting the Scholarship program, citing the benefits of incentivising local students at a grassroots level.
“Fintech is a rapidly growing industry and we need to do everything we can to grow our talent pool and spread the word about the great career pathways in this industry,” said Danielle Szetho, CEO of Fintech Australia. “We know that many fintech companies are experiencing critical skills shortages. The Spotcap Fintech Scholarship is a great initiative to inspire a new generation of university students to take part in Australia’s boom industry, and the future of financial services.”
Spotcap was established in Australia over two years ago, providing flexible and accessible funding solutions of up to $500k to business clients. The company has anecdotally found that awareness surrounding fintech and the career pathways to this emerging industry remain relatively unknown.
Find out more about the Spotcap Fintech Scholarship. For further information, please visit Spotcap Australia.
Deadline: 10th December 2017
Amount: A$10k towards the cost of tuition of an undergraduate or master’s degree
Course start: February/March 2018
Host institution: Accredited Australian universities
Field of study: Fintech-related fields (e.g. business management, engineering, finance, economics, product design)
How to Apply
Alongside a CV and cover letter, applicants are asked to submit an answer to the question: How do you hope to contribute to the world of fintech? They may submit a written response (500 word limit) or upload a short video (3 minutes). The submission deadline is 5pm AEST, 10th December 2017.
Applicants must be Australian citizens or permanent residents, and have achieved or are expected to achieve good academic standing. They must hold an offer of admission to an undergraduate or master’s program at an accredited Australian university starting in February/March 2018.
Spotcap provides flexible and accessible small business financing, allowing entrepreneurs and small business owners to focus on what matters – their business. Operating in the fintech (financial technology) sector, the company has developed proprietary technology which assesses real-time business performance to grant short-term credit lines and loans. Headquartered in Berlin Germany, Spotcap launched in Spain in September 2014 before expanding to the Netherlands and Australia in 2015, the UK in 2016 and New Zealand in 2017. The company is led globally by Founder and CEO Dr Jens Woloszczak and locally by Lachlan Heussler, Managing Director of Australia and New Zealand. Globally, the Spotcap team currently numbers over 100 employees. Spotcap is backed by several world-class investors including Rocket Internet, the world’s leading global internet platform outside of the US and China, Finstar Financial Group, Access Industries, Holtzbrinck Ventures, Kreos Capital and Heartland Bank.
Read more about Spotcap: https://www.spotcap.com.au.
Kelly Maguire, PR & Communications Manager Spotcap Australia
+61 410 487 106
Originally published September 8 2017 , updated April 26 2018