India’s Yes Bank Sponsors 12 FinTech Startups

Announcements, FinTech | March 22, 2017 By:

India-based Yes Bank has chosen 12 startups for its accelerator program, “Yes FinTech.”

The selected startups will undergo a 15-week program where they will receive mentorship from industry experts on creating scalable businesses and guidance on deploying technologies within a collaborative framework. They will also gain the opportunity to integrate their technologies into YES Bank’s ecosystem through digital infrastructure support like API banking and BIN sponsorship while gaining access to funding.

The 12 fintech startups selected are SoCash, Signzy, Rupeeseed, Redcarpet, R1mo, Israel based startup Paykey, Numberz, Morph.Ai, FRS Labs, Click & Pay, Authme and Anytime Loan.

The Yes FinTech accelerator received 753 Applications from 18 countries around the world. After a two months-long application and screening process, it selected its top 35 startups. They then performed an in-person demo for the Yes Fintech Accelerator Management Team. After this, the number was brought down to 12.

 

“Yes FinTech Accelerator takes forward Yes Bank’s A.R.T model – Alliances, Relationships, Technology – to provide innovating banking solutions to our customers and provide start-ups a platform for creating sustainable and market-ready products,” said Yes Bank managing director and CEO Rana Kapoor. “