Elevator Lab by Raiffeisen Bank International

What is Elevator Lab by Raiffeisen Bank International?

Elevator Lab, created by Raiffeisen Bank International AG (RBI), operates as a premier non-equity Fintech Accelerator with a focus on fostering growth and developing sustainable business models in collaboration with fintech startups.

They position themselves as a bridge connecting new technology-driven financial services with their vast client network across Central and Eastern Europe (CEE). With access to 14 CEE markets, their strategy is not only to enhance their own digital transformation journey but also to support the startups by providing them with resources and guidance to scale internationally. Elevator Lab’s partnership model is designed to be mutually beneficial, as it enables startups to validate and pilot their solutions in a real banking environment, while RBI imbibes fresh innovations to continue their legacy of excellence in financial services.

Their stated aim is to be the preferred partner for cutting-edge Fintech solutions within the CEE region. The program encompasses mentorship from experienced professionals, customer access, co-creation opportunities, and a chance to tap into a broad network of business partners and potential investors. This support structure is tailored to address the unique challenges faced by the fintech sector, thus paving the pathway towards the commercialization of their participants’ innovative ideas and offerings.

Elevator Lab commits to driving innovation forward without taking equity, highlighting their confidence in collaborating and co-creating impactful fintech solutions for a dynamic financial market.