Cambodian Startup Wins Place On Fintech Accelerator Program

Morakot Technology co-founder and CEO Khuon Sophorth (right) holds up a certificate after his company won a place on Startupbootcamp’s fintech accelerator program in Singapore, starting next month.

Cambodia-based Morakot Technology is one of 12 startups chosen from 2,500 applicants worldwide to participate in Startupbootcamp’s fintech accelerator program in Singapore, a press release said yesterday.

The Cambodian software company, which provides a browser-based digital operating system for banks and micro finance institutions, is the second firm from the Kingdom to join the international program in as many years after online accounting platform BanhJi.

Startupbootcamp is a global network of industry-specific accelerator programs. This year’s Singapore-based accelerator launches on April 10, granting access to mentorship and investors as well as $25,000 in funding for living expenses and free office space for six months.

“Although we’re based in Singapore, we are an Asia-Pacific accelerator and a big part of what we do is to play a role in supporting and developing local ecosystems across the region,” said Startupbootcamp Fintech Singapore program director Sam Hall.

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