Empirica has been nominated for the Best Fintech Startup in Poland at the CESA festival. CESA (Central European Startup Award) is the biggest no-pitch, no-conference start-up festival in the Central-Eastern European region. The festival brings together nearly 4.000 start-ups from 10 countries and it will be held in Vienna this year.
We are in good company, as other companies nominated in FinTech category are:
- our friends from FriendlyScore
The Central European Startup Awards is a series of events in the CEE countries, that aims to recognize and celebrate the entrepreneurial spirit and startup ecosystems of the region. This year eight categories will be awarded in:
- Startup Of The Year
- Best Investor
- Best FinTech startup
- Best Cloud/Data Application
- Best User Experience
- Best Social Impact Startup
- Most Influential Woman
- Best Coworking Space
CESA regognized FinTech as separate category this year reflecting that financial technologies are now the fastest growing technology sector worldwide. Incumbents in the financial industry – big banks and other financial institutions – are witnessing the emergence of new players that are profoundly changing the way individuals and business conduct their financial operations. Global investment in financial-technology (fintech) ventures tripled from $4.05 billion in 2013 to $12.2 billion in 2014, with Europe being the fastest growing region in the world, according to a report by Accenture. Last year, fintech investment increased at more than three times the rate of overall venture capital investment. While it remains to be seen whether the burgeoning fintech industry will actually pose a threat to established institutions, it is clear that the sector is rapidly growing and many of these entrants are here to stay. Investors in the nascent sector are taking notice, profitable exits are on the horizon, and big banks are investing in new technologies to strengthen their competitive positions.
More on this year’s nominees: