2 Fintech Startups Among Top 10 Startups at Alibaba’s Global Pitch Competition

2 Fintech Startups Among Top 10 Startups at Alibaba’s Global Pitch Competition

by January 27, 2021

Alibaba Entrepreneurs Fund’s (AEF) JUMPSTARTER 2021 Global Pitch Competition has announced their list of top ten startups where two fintech startups, IPification and FOMO Pay, managed to snag a spot each.

JUMPSTARTER is a not-for-profit initiative in collaboration with Cyberport and Hong Kong Science and Technology Parks Corporation (HKSTP) that provides a platform for entrepreneurs to jump start their dreams in Hong Kong focused on showcasing startups and providing high-impact networking opportunities.

The four core industry that JUMPSTARTER focuses on are fintech, deep tech, smart city and retail.

These top ten startups will have the opportunity to be among the final two winners who will bag investments of up to US$4 million.


Cohort: Fintech

IPificationJUMPSTARTER IPification FOMO Pay

Fundraising Stage: Seed | Hong Kong

Founder: Harry Cheung

The company is improving mobile authentication and user experience without compromising security and privacy through IPificiation: mobile users can be easily authenticated via their Public IP address. The company also creates extra revenue for telco partners and helps service providers win trust with safe and seamless authentication.



Fundraising Stage: Series A | Singapore

Founder: Zack Yang

The Singapore-based digital payment processing platform and digital banking solution provider enables digital transformation for banks, telecoms and brands in emerging markets spanning Southeast Asia, the Middle East, Latin America and Africa. FOMO Pay’s partners includes mVISA, WeChat, Grab, NETS, ICBC, OCBC, Citibank and SingTel.

Cohort: Deep Tech

Hinyeung LimitedJUMPSTARTER IPification FOMO Pay

Fundraising Stage: Series A | Mainland China

Founder: Ding Ke

The company is committed to manufacturing high-speed, high-definition 3-D visual devices. Its products are known for precision and are primarily used for robot navigation and industrial inspection. It has successfully worked with sectors including food, electric appliances, ceramics and shipping and logistics.

iLoF – Intelligent Lab on FiberJUMPSTARTER IPification FOMO Pay

Fundraising Stage: Seed | United Kingdom

Founder: Luis Valente, Mehak Mumtaz & Joana Paiva

iLoF is working towards a new era of personalized medicine enabled by AI and the cloud. It provides screening and stratification tools that can save up to 40% of cost and 70% of the time spent screening for clinical trials. The company is currently focusing on Alzheimer’s disease.

Cohort: Smart City

Lingxi AR Technology Co. Ltd.

Fundraising Stage: Pre Series-B | Mainland China

Founder: Yu Zheng

By exploiting its strong optics technology and processing advantages, Lingxi AR is the first developer of the waveguide AR technology in China. Consumer electronics, smart-eyewear manufacturers and industrial enterprises use the company’s underlying optical solutions in their see-through wearable displays.

Beijing Zhuowizhi Technology Co. Ltd.

Fundraising Stage: Series Pre-A | Mainland China

Founder: Feixiang Ren

ZWZTech provides future digital retail solutions. The company has developed an unmanned smart cash register and cloud platform and a speedy device for handheld inventory checking, among other technologies. Its technologies support numerous methods of payment and are therefore versatile enough to fit different industries.


Fundraising Stage: Pre-Series A | Hong Kong

Founder: Jonathan Lam, Angues Chan & Jeffrey Ma

Butler is a monthly subscription service that provides an on-demand, personalized home management service. It takes the stress out of running a home by creating a tailored luxury experience. The company provides hotelgrade, in-residence services by combining its digital home concierge and inhouse trained specialists.

Rice Robotics Ltd.

Fundraising Stage: Seed | Hong Kong

Founder: Victor Lee

Rice Robotics is building the infrastructure for corporations to deploy robot fleets. It has four robots: Rice (delivery), Jasmine (disinfection), Valencia (patrol and guiding) and Waiter (food court delivery), each of which are autonomous, navigating in crowded areas and charging without help, and run by the management software RiceCore.

Cohort: Retail


Fundraising Stage: Pre-Series A | United States

Founder: Sergiu Ardelean & Codin Popescu

This AR tool allows artists to link classical and digital art, opening doors to a whole new world of possibilities. More than 68,000 users are creating artworks with Artivive while museums and galleries can offer an innovative way for their audience to interact with exhibitions.

Outpos Pte. Ltd.

Fundraising Stage: Pre-Seed | Singapore

Founder: Shariff Raffi

Outpos is empowering street food vendors in serving traditional foods with tomorrow’s technology. The company is using digital solutions to integrate vendors into a modern street food ecosystem at a fraction of the cost and time it takes to setup a traditional restaurant.