Prime co-working space at PayPal’s Singapore Development Center located at Suntec City.
Structured learning conducted by experts in the FinTech industry on Finance and Technology topics.
Coaching and mentorship by PayPal executives and subject matter experts.
Access to talent from within and outside PayPal.
Access to funding through PayPal’s network and VC connections.
A collaborative environment where startups feed off each other’s energy, creativity and support.
The PayPal Incubator is for you if you
- Are a FinTech or Commerce enablement technology startup in the region.
- Have a minimum viable product (MVP) and early trial with customers.
- Are preferably seed funded and looking for Series A funding.
- Develop proof of concept with PayPal during incubation.
- Are able to address any of the following three themes.
Themes of Interest
- How can startups in Asia transform commerce by accelerating the growth and adoption of digital and cashless payments through solutions that are easily accessible to consumers and merchants?
- How can startups partner with PayPal to provide game-changing experiences in the end-to-end customer life cycle (such as Offline and Online merchant outreach, Customer onboarding, and Customer service)?
- How can startups provide relevant technologies by partnership with PayPal to jointly address the unique challenges and opportunities faced by consumer and merchants in this region?
Our Latest Happenings
PayPal Demo Day 2017
PayPal Pitch Fest 2018
PayPal Demo Day 2019
InvoiceInterchange's mission is to be the regional leader and preferred partner for short-term financing that helps businesses take control of their cash flow in an online hassle-free manner. InvoiceInterchange delivers value to customers through strength in our technology and robust risk management.
TenX makes sending and spending money (with cryptocurrencies) free around the world. Users can make payments to 32 million merchants around the world through credit card terminals. TenX, which is powered by Bitcoin, Ethereum and other blockchain technologies, aims to bring the power of cryptocurrency mainstream.
Axinan builds technology that leverages big data and machine learning to quantify the risks of transaction anomalies and creates innovative products such as real-time smart insurance and instant financing.
PolicyPal helps consumers to manage, optimise insurance policies through the OCR technology and AI chatbot, offering personalised recommendations using social media and existing policies data. We are the first fintech startup to enter MAS Fintech Regulatory Sandbox and now a full licensed insurance broker in Singapore. PolicyPal is funded by 500 startups and working with global insurance companies disrupting this space.
Chynge makes the world a safer place. Chynge Central is a cloud service that applies AI and machine learning to reduce the risks of cross-border payments arising from pervasive money laundering, terrorism financing, and fraud. Chynge works in a tripartite with financial institutions and regulators to create expert systems with high confidence levels. Chynge is regulated in Hong Kong and Singapore. It is also in Regulatory Sandboxes in Brunei, Abu Dhabi, and the UK, hence, creating the world’s first Sandbox-to-Sandbox payment corridor secured by AI and machine learning at both ends.
Commerce has definitely arrived in social media and more and more people are buying and selling over Facebook, WhatsApp, and YouTube. Jumper.ai wants to make social commerce easier through hashtags.
HitPay allows omni-channel businesses to grow their business online, on social media and on the go at offline locations using one single mobile app. HitPay Checkouts allow businesses to increase conversions online and on any social commerce platforms with a one-click and mobile native customer checkout experience, while HitPay POS allows businesses to charge payments in over 30 global currencies at pop-ups, markets and events without the hassles of a physical hardware or monthly fees. HitPay was founded in 2016 and is a 2017 MAS Fintech Award Finalist.
AwanTunai is a supply chain services platform providing distributors, wholesalers, and micro-retailers in Indonesia with a range of digital solutions. Our flagship product is access to affordable supplier financing that alleviates the chronic pain point of insufficient working capital among micro-retailers. We also offer payment and logistical services to enable growth in Indonesia’s vast offline retail industry that comprises over 5 million micro-retailers, transacting over $500bn annually.
Rate build technologies that democratize access to the internet economy. RateX is a smart shopping assistant that offers shoppers the lowest exchange rate for Amazon, auto-insertion of coupons at checkout and cashback. Live on more than 100 merchants, RateX works as a browser extension on both Chrome and Firefox. Rate3 is a tokenization and identity management protocol on both the Ethereum and Stellar blockchains. Rate3 wants to help bring real-life assets onto the blockchain through tokenization, whilst creating an interoperable token ecosystem.
CEO & Co-Founder of InvoiceInterchange
We learnt a lot from PayPal on many aspects of the business e.g. risk management and technology. Not only were we able to gain diverse perspectives from the other startups in the program, the networking and mentorship we got from entrepreneurs and leaders in the program were invaluable. We’re extremely grateful to have been part of the PayPal Singapore's first ever Incubation program.
CEO & Co-Founder of TenX
PayPal Incubator has been amazing. PayPal went above and beyond to connect us internally and externally to foster synergies from Singapore to the US. Since joining PayPal Incubator, we established ourselves as a leading company in the blockchain space and the connections we have built with PayPal will be of great value going forward for many years to come.
CEO and Founder of Axinan
PayPal Incubator is AMAZING! They went out of their way to help us in our journey. Besides the material support from PayPal Incubator, the PayPal Innovation Lab team always helped us with whatever support we needed. YY is like a member of our team to us. He always helped us to connect with right people and potential investors and has been super responsive and supportive.
CEO and Founder of Chynge
The PayPal Incubator is an amazing program. We are thick in the fabric of PayPal operations, in the heart of the PayPal office, with unbridled access to resources from the Senior Vice President, down to the deepest reaches of his team.
CEO and Co-Founder of Jumper.AI
As Jumper.AI integrates within social media, it was critical for us to partner with PayPal to enable our merchants to collect payments and offer buyer protection. Being a part of PayPal Incubator not only accelerated the integrations, but also enabled us to develop a completely new experience for payments on social media, especially on Messager. To top it all, we received hands-on support and guidance from key stakeholders at PayPal on a spectrum encompassing sales, marketing and growth.
CEO and Founder of PolicyPal
Being part of PayPal Incubator play a huge role in growing PolicyPal. One of the greatest benefits is the ability to tap into a strong network of business partners. It has jump-started our company and brought us to where we are today. The value that our mentors, especially YY Lai have brought to us has been instrumental in our success.
CEO of AwanTunai
PayPal incubator support in the form of management mentoring, engineering training, introductions to ecosystem players, and investor visibility has given us the prestige to attract more talent and confidence to grow faster. The smaller cohort and longer running format is also a key differentiator to the numerous incubator programs in the market. It allows for the development of deeper, more meaningful relationships that creates a greater impact on our business. Highly recommended.
Founder of HitPay
The PayPal Incubator program has allowed startups like ours to tap on the expertise and experience of the best minds in the digital payments industry. This has been invaluable for a small startup like ours with a team size of 3 members. The networking opportunities and the recognition that comes with being a PayPal incubation startup has allowed us to build credibility and trust with our customers and partners. The team behind the incubation program led by Jerry and YY have been tremendously supportive of our vision and given us all the necessary support to help us grow our business.
CEO and Co-Founder of Rate
PayPal Incubator is tremendously useful for us. Being a part of PayPal Incubator gave us access to top PayPal executives and experts in payments, risk, compliance, sales and marketing. More than just receiving guidance, PayPal also opens a whole network of partners to us, helping to accelerate our growth.
Interested to join our program?