Regional Elevator Lab ChallengeBosnia and Herzegovina, Croatia, Serbia 2020

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Raiffeisen Banks in Bosnia and Herzegovina, Croatia, and Serbia are organizing a regional Elevator Lab Challenge looking for fintech startups in Bosnia and Herzegovina, Croatia, Montenegro, Slovenia, and Serbia.

Your Benefits

The Regional Elevator Lab Challenge Bosnia and Herzegovina, Croatia, Serbia, is part of Elevator Lab, the group-wide international Partnership Program powered by Raiffeisen Bank International. Joining the Regional Elevator Lab Challenge can be a stepping stone to scale your business case up to an international level.

By applying to the Regional Elevator Lab Challenge you will jump start your idea and receive valuable feedback from relevant industry experts with the chance to present your company among other participants.

The program is organized through local competitions in Bosnia and Herzegovina, Croatia and Serbia. Also, Fintechs from Slovenia and Montenegro are welcome to apply.

Local competition winner

  • €5,000 cash prize for winning the local competition
  • A possibility of developing a pilot project with one of the local banks
  • Presenting at the board meeting of the local Raiffeisen bank
  • Placement in the Regional Elevator Lab final competition
  • Opportunity to integrate the innovation with the regional Raiffeisen banks’ systems and reach 1.7 million clients
  • Present at the Shift Money conference that is going to be streamed at the Singapore Fintech Festival with more than 60.000 attendees

Regional competition winner

  • €5,000 cash prize for winning the regional competition
  • Presentation of the innovation to the local startup and business community
  • A possibility of developing a pilot project with one of the local banks
  • Opportunity to integrate the innovation with the regional Raiffeisen Group’s banking systems and reach 1.7 million clients
  • Meeting with senior bank managers from all 3 organizing Raiffeisen Banks and Raiffeisen Bank International
  • Pitching at the International Elevator Lab Demo Day in 2021 in front of representatives of the entire RBI Group
  • Training for presenting the idea to business clients
  • Extensive media coverage
Abstract, EL Challenge Winner Serbia 2019
Worig, EL Challenge Winner Croatia 2019
Uhura Solutions, EL Winner BIH & Regional Winner 2019

What we are looking for

The Program is open to fintech-startups that have at least minimum viable product ready and a committed founding team that consists of at least two roles (for example CEO and CTO).
The fintech-startups offering solutions/ technology for banks and financial services must be active in one of the following areas:

Advanced Analytics & Artificial Intelligence

  • Voice banking, voice assistants and voice biometry for CEE languages
  • Intelligent character recognition/ smart document processing beyond OCR
  • Biometry e.g. behavior/ gesture analytics
  • Omnichannel analytics/ digital marketing
  • Citizen data science tools


  • Regulatory compliancen
  • KYC process support & KYC depository (e.g. OCR/
    RPA/ AI/ text mining)
  • Strong customer authentication solutions & digital ID
  • Transaction monitoring/ supervision
  • Recognition & quantification of compliance/ operational risks
  • Product approval tools

Large Corporates & Institutional Clients

  • Digital platform solutions (especially digital onboarding, workflow tools, risk limit management)
  • Blockchain solutions for large corporates
  • Digital contract management
  • Treasury management solutions
  • Data analytics for corporate payments/ trade finance activities
  • Predictive Sales Signal Analytics

Payments and Transaction Processing for Mobility Services

  • Blockchain based micro payment transactions
  • Multimodal (public transport) payment services
  • In Car payments for mobility services

Retail Banking

  • Digital client acquisition solutions
  • Digital sales processes
  • Financial advisory solutions incl. investment
  • Beyond bank advisory
  • Hybrid advisory (e.g. customer service)
  • Social banking

SME Banking

  • Digital SME & freelancer banking
  • Financial advisory for SMEs
  • Value added services for SMEs (e.g. payroll services, automated accounting, invoicing & expense management, cash flow tools)

Cyber Security

  • Third party risk management
  • Insider threat recognition
  • Blockchain use cases for cyber security
  • Zero trust/ dynamic perimeter

FX Solutions

  • Automated FX hedging solutions for small amounts
  • Automated FX Advisory
  • Multi currency account infrastructure/ e-wallets
  • Real time payments
  • Digital & Fast Account Opening for FX Spot & Hedging

Uhura Solutions has participated in many accelerators and competitions, but our cooperation and participation in Elevator lab was, without question, one of the best experiences for us as a company.
For all fintechs that want to showcase their value, Elevator lab is the right address. 

Uhura Solutions More about Fintech


The applications for Regional Elevator Lab Challenge Bosnia and Herzegovina, Croatia, Serbia start on September 16th. Followed by an internal selection process with the aim to identify the startups with the biggest potential, each country will have local competitions that will take place online. Events will be held at the end of November and the winners from the local competitions will be invited to the Gala-event on December 7th where they will get the opportunity to present their solutions in front of the international jury.

Applications open

September 16th – November 8th, 2020

Bosnia and Herzegovina event (online)

November 20th, 2020

Serbia event (online)

November 23rd, 2020

Croatia event (online)

November 26th, 2020

Gala event (online)

December 7th, 2020

Elevator Lab Challenge
Jury Elevator Lab Challenge

Elevator Lab Jury

Local competition jury – Bosnia and Herzegovina 

Local competition jury – Serbia

Local competition jury – Croatia

Regional competition jury 

Raiffeisen Bank Bosnia and Herzegovina

Raiffeisen Bank Bosnia & Herzegovina









Raiffeisen Bank Croatia









Raiffeisen Bank Croatia
Raiffeisen Bank Serbia

Raiffeisen Bank Serbia