The startups in which Banco Sabadell will invest in the second call of the BStartup 10 program have been selected

The startups in which Banco Sabadell will invest in the second call of the BStartup 10 program selected

Banco Sabadell has selected the five companies in which it will invest in the framework of the second call of the high performance business program BStartup 10. In total, Banco Sabadell will invest 100.000 euros in each of them over the next six months to enhance their development and internationalization, distributed between direct economic investment and a business growth program led by the renowned technology entrepreneur Didac Lee.

The coordination of BStartup 10 is carried out from the business management BStartup, Through which Banco Sabadell makes other products and services adapted to their needs available to technology entrepreneurs, as well as a network of 71 specialized offices.

The final five projects have been selected by BStartup's investment committee, made up of three senior bank executives and two external experts, from among ten projects previously selected by the Program's Technical Commission from among the 356 submitted.

This technical commission evaluated different factors, such as the innovation and ambition of the projects, the solvency of its human teams, the scalability of sales, the opportunity and size of the market, the validation of that market, the milestones achieved and the options to arouse interest in other investors in the medium term. The positive impact that their participation in the program could have on the company has also been taken into account.

The five selected companies are:

  1. Arima- Hdiv:
    • Arima-Hdiv is a web security solution that automates application security by controlling the actions that users can take.
    • This solution is distributed in opensource (free) and enterprise (paid) formats.
  2. Hey please:
    • Heyplease is a mobile application that allows you to order, pay and redeem promotions with your mobile in bars and restaurants.
    • In addition, it makes it possible to streamline the ordering process in such a way that the store receives orders and payments directly on the TVP screen.
    • Heyplease improves the user experience in bars and restaurants by making it more social and interactive.
  3. Signature:
    • Signaturir is a platform that solves the signing of digital documents without the need to install an additional application.
    • This project presents a completely legal process in which any document can be signed digitally, very easily and from any mobile device.
  4. Testament:
    • Testamenta offers the possibility of processing the will online.
    • It is an economical and fast service that in 24 hours allows you to obtain the will in accordance with current legal regulations.
    • The Testament service includes a secretary who coordinates the steps and the agenda; The lawyer who advises, advises and writes the legal text and the notary who makes the will public.
  5. Wesmartpark:
    • WSP is a solution to take advantage of the thousands of idle parking spaces (hotels, offices, real estate, etc.) that are currently not being profitable.
    • Through its patented technology, it makes them available to drivers at a 50% cheaper price and makes the owner's parking profitable.

Some of these companies have also been selected by accelerators or already have financing from a private investor, which has not been an impediment to those responsible for BStartup, for whom the priority has been to support projects with the greatest potential.

 About BStartup 10

In each call, 5 companies will be selected from among all those presented, which will receive an investment of € 100.000 in each of them by the Bstartup 10 high-performance business program. 

 BStartup will take a stake of between 5 and 15% of the share capital. The investment is made in part in kind (high-yield program, valued at € 30.000) and another part in capital (€ 70.000).

At Banco Sabadell, a multidisciplinary team of BS Capital, Innovación and BStartup will work with the selected companies from day one to help you develop your business. In addition, the companies will have the collaboration of the inspirit, led by successful entrepreneur Dídac Lee (named Best European Mentor by the Founder Institute).

This team of professionals, experts in business management, company building and fundraising will accompany entrepreneurs for 6 months in the realization of an intensive and personalized High Performance Program that aims to consolidate and grow your startup.

In addition, BStartup will study the possible synergies between the products of all the Startups presented and the Bank's innovation processes to include them in its strategy of Open Innovation, if it is of interest to both parties. 

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