FinTech is at the forefront of the transformation in the financial industry and is changing the way value and ownership is exchanged, the risk is managed and transactions are performed. While this transformation is taking place across the globe, India’s growing economy and large and under-tapped consumer base provide a significant opportunity for innovation in the sector.
Startupbootcamp FinTech, the world’s leading accelerator for FinTech startups, has announced the 10 startups that are set to join their inaugural program in Mumbai.
These start-ups will receive access to leading financial corporates in India who will provide the finalists with access to pilot customers, industry data, APIs and integration support.
Each of the teams will receive 15,000 and three months free office space in Lower Parel, at the startup hub ‘Garage’ by Jetlabs. After three months intense acceleration, the teams will present their companies to over 500 investors and industry experts at Demo Day, ready to raise capital and grow their businesses. Post this, the startups will continue to be supported by the Startupbootcamp Global alumni growth program, that supports over 400 startups worldwide.
The program, focusing on accelerating startups in areas such as digital identities, blockchain, personal finance management, compliance and alternative data-based credit scoring, among others, has gained backing from influential players in the FinTech industry, such as ICICI Bank, ICICI Lombard, RBL Bank, AZB & Partners and PwC, as well as leading financial services industry experts from the Startupbootcamp global network.
The winners are:
Doboz Solutions: A platform that digitizes the gifting experience to buy, share and exchange digital gift cards
ExpoWealth: Access to direct mutual funds along with various analytical tools to help users make informed decisions and invest in few clicks
GiftAssets: Online platform to gift mutual funds and ETFs
GreenDeck: Cash flow monitoring for businesses to manage their income, expenses and transactional analytics
RuPie: Alternative lending platform, which provides loans for personal and small business needs
Source: Times of India
