Rewiring the DNA in banking
SC Ventures is a business unit that provides the platform & catalyst for Standard Chartered to promote innovation, invest in disruptive financial technology and explore alternative business models
eXellerator
Facilitate innovation & culture change within the Bank & ecosystem partners
Investment
Invest in validated fintech to develop future tech capabilities
Ventures
Create new business models as independent business ventures
Promote innovation
eXellerator
Drive innovation and culture change internally and changing the way the Bank serves clients
2300+
Ideas submitted
22000+
SC Innovate members
1300
FintechBridge members
Innovation ecosystems
Six eXellerator labs across our markets - Singapore, Hong Kong, United Kingdom, Kenya, Shanghai & one scouting location in San Francisco.
Facilitating business units and clients' adoption of innovation & fintech solutions using Human Centered Design, lean & agile methodologies.
Intrapreneurprogramme
An innovation platform within the Bank providing employees with the resources and tools to bring their ideas to life.
Facilitated by our SC Innovate ideation platform for staff to submit ideas or respond to published business challenges.
SC VenturesFintech Bridge
A platform connecting startups, investors, ecosystem partners to the Bank and our corporate clients.
Facilitated by a framework which enables fintech partners start a PoC in the Bank within two weeks.
Invest in disruptive financial technology
Investment
Integrate technologies & capabilities into the Bank and ventures to drive speed and scale
100m
Fund (USD)
1 -5m
Ticket size (USD)
12
Companies in portfolio
Mandate
Technology companies that are
relevant to Standard Chartered
Investment fund
Focus on series B+ companies
Geography: global
Governance
Consist of investment committee and independent advisors
Explore alternative business models
Ventures
Provide optionality and potentially new sources of revenues for the Bank and our clients through Joint Ventures
30+
Business ventures
04
Ventures launched
11
Commercialisation / Acceleration
Themes
Related to but not restricted to financial services, underpinned by demographics / trends
Governance
Eventually a separate legal entity with own board & under SC Ventures Committee for risk governance
Market
Mostly in Standard Chartered’s footprint, however not restricted by the Group’s strategy
Ownership
Seed and VC type funding by the Group, expected to attract strategic / financial investors over long term
Proposition
Commercially viable and investable business
Linkage with the Group
Not directly solving for existing Group business - able to leverage clients, infrastructure, people, licensing etc