Newsletter Series: November 30th-December 4th

What’s coming up at Newchip?

See app.newchip.com/events/ for more information on upcoming Newchip events. All events are scheduled in Central Daylight Time.

Monday, November 30

9:00am-11:00am: 3-Minute Elevator Pitch 1-1 Coaching Workshop #1 [Link]

9:30am-11:30am: Business Advisory Session [Link]

Tuesday, December 1

10:00am-11:00am: Startup Crowdinvesting 101 – Webinar Presented by StartEngine [Link]

1:00pm-3:00pm: Business Advisory Session [Link]

2:00pm-4:00pm: 9-Minute Demo Day 1-1 Coaching Workshop #1 [Link]

4:00pm-6:00pm: Weekly Pitch Deck Review Session #1 [Link]

Wednesday, December 2

7:00am-9:00am: Business Advisory Session [Link]

9:00am-11:00am: 3-Minute Elevator Pitch 1-1 Coaching Workshop #2 [Link]

10:00am-11:00am: Sofos Connect Workshop [Link]

Thursday, December 3

10:00am-12:00pm: Business Advisory Session [Link]

2:00pm-4:00pm: 9-Minute Demo Day 1-1 Coaching Workshop #2 [Link]

4:00pm-6:00pm: Weekly Pitch Deck Review Session #1 [Link]

Friday, December 4

2:00pm-4:00pm: Hot Seat + Office Hours Weekly Session [Link]

Other Events in the Startup Ecosystem

December 1 – Startup PR 101: How founders should work with the media [Link]

Sputnik ATX Winter 2021 Cohort Application

Applications are now open for Sputnik’s W21 cohort. Apply for $100K+ in funding, 13 weeks of intensive structured training focused on gaining traction, and fierce competition among a select group of founders for the traction horse.

Newchip Accelerate Podcast

From investing to building a company culture, Accelerate strives to shine a light on the many unknowns entrepreneurs face on a daily basis. Our guest for the most recent episode is Piersten Gaines, sharing thoughts on building a product and growing revenue, followed by a Newchip panel on company culture featuring Cynthia Murphy, Co-Founder of Assuaged, and Chris Buetti, Co-Founder of Digital Prezence. 

The podcast is available to listen and download now on all major podcast platforms, including Spotify and iTunes.

Company Spotlight

Location: Dubai, UAE || Website: https://jinglepay.com

About Jingle Pay

Jingle Pay was registered in 2020, at the start of the COVID pandemic. The pandemic has resulted in a rise of contactless payments and a need for a mobile-first alternative banking solution aligned with the UAE’s goal of becoming a cashless society by 2030. Financial inclusion still remains an important stepping stone in the Arab World to eradicate poverty and empower the welfare of the unbanked/underbanked residents in the GCC. The timing has accelerated adoption initiatives, as regulators have passed legislation and regulatory licensing for money service business (Payment Service Providers).

Jingle Pay is a super app NEO Bank, democratizing banking and aggregating financial services through a fee-free mobile-first user centric application. Now you can open an account for free and within minutes, through a seamless digital onboarding process in app, and upgrade to a multi currency account to exchange and store funds. 

The UAE is recognized as the 2nd leading market after the US for outward remittance. Jingle Pay, is building the world’s first remittance aggregator, to provide more transparency, while matching and guaranteeing the best rate in the market. Furthermore, customers will own a virtual and physical multi-currency card, where they can spend in the local currency at the real exchange rate whether shopping online or traveling back home. Sending money to friends or splitting the bills are easier with Jingle Pay. All you need is mobile number to pay, request or split bills instantly and free with friends.

Jingle Pay’s founding team, has over 60+ years of experience in card issuance, card payments/programs, digital banking/payments, micro/nano financing, E-Wallets, investment banking/hedge funds and running previous FinTech startups in the MENA region with prior exits, one of which being Telenor Microfinance Bank, the first micro finance bank in Pakistan.    

Jingle Pay has secured licensing and partnered with top-tier retail banks, exchange houses and media agencies. The platform will be launching their first nationwide campaign late Q4 2020 and will be available to the public in the UAE by Q1 2021. Jingle Pay has a waitlist of ~400 users without any advertisements and expects to reach 5k+ users after its campaign (11.4M views per month). 

Want to connect? Find the founder of Jingle Pay, Amir Fardghassemi on LinkedIn.

Mentor Spotlight

Whitney Lynn is an experienced and accomplished entrepreneur, executive, turnaround consultant and start-up mentor. He has served as Co-founder, CEO, and president of a number of successful software and storage companies. Whitney is experienced in sales and marketing organizations, focusing on introducing new products into new market for rapid and sustainable growth and profitability. He is also experienced in mergers and acquisitions, raising capital, building pitch decks, and a proven method of accomplishing and measuring objectives. Whitney’s expertise is not limited to hardware or software companies and he thoroughly enjoys working with start-up companies with products across many industries.

Helpful Tools… 

See the Partnership Resources page in your program content for more information (Pre-Seed(Seed & Series A)

  • Perfectioneur Masterclass – Moving from workaholic to well-balanced (Mental Wellness for Entrepreneurs)
  • Clearbank – Non-dilutive revenue share capital for B2B SaaS and DTC eCommerce startups

Our Startups in the News!

Must-Read Articles

Below you will find a collection of our must-read articles for this week in relation to the entrepreneurial world. For the best experience, we recommend you grab a cup of coffee, some tea, or heck, just grab a nice, cold beer… Enjoy!

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