Indian private financial institution YES BANK announced that the first cohort of YES FINTECH has received a phenomenal response from the fintech community worldwide with more than 750 applicants across the world.
The fintech cohort’s application phase ended on February 11, 2017, and 10 fintech startups will be selected or the first cohort launching on March 20, 2017. The applications came from companies that represent domains like payments, lending, treasury & forex, Governance Risk & compliance, wealth management, the blockchain, AI, among others.
A joint initiative of YES BANK, T-Hub, Anthill and Let’s Talk Payments; YES FINTECH Accelerator will engage in 3-week onsite interactions at Mumbai and Hyderabad. There will also be a 12-week of offsite interactions, where the 10 selected startups will collaborate and continue to work on their business from the home location.
The selected fintech firms will receive support and nurture disruptive solutions in delivering fintech solutions, opportunity to create scalable business and deploy innovative technologies, gain access to YES BANK Network and gain access to funding of up to $1 million through VC partners without any upfront equity commitment.
This year, T-Hub hosted the YES FINTECH meet on January 17 at Hyderabad, followed by a session hosted in Mumbai on January 29. The third session was held in Bangalore on January 31 and the final session took place in New Delhi on February 3. These sessions and events saw more than 500 fintech startups and witnessed key speakers in the industry including Ritesh Pai, Senior President & Country Head, Digital Banking at YES BANK; Jay Krishnan, CEO of T-Hub; Prasad Vanga, CEO- Anthill, among others.
