The accelerator is accepting applications for its first cohort that will begin in September 2017.
ISME ACE - India’s largest fintech accelerator, which was launched in Mumbai last month, is on the lookout for the 12 best startups in the country for its first cohort.
In recent times, the fintech space has seen partnerships between startups and larger financial institutions such as banks. The idea is to work together to find solutions to pressing challenges through collaboration rather than competition. ISME ACE has been designed as a launchpad to foster this collaboration, so that early-stage startups can provide solutions based on the latest technology to traditional financial organisations who, in turn, will give the former access to their existing customer base. So, it’s a win-win situation for all.
Let’s Talk Payments is an innovation partner for the accelerator, while KPMG is the knowledge partner. Other partners include multinationals like IBM and Amazon, Luthra & Luthra, the Indian Angel Network, TiE, LetsVenture and AWFIS.
As part of the programme, 12 selected fintech startups have an opportunity to get seed funding of $100,000, along with access to major financial services partner firms. The selected startups will also get support wherever they need it, be in technology, marketing or community outreach.
Not only that, the participants will be mentored by industry leaders and experts from the startup ecosystem including Jitendra Gupta, Founder at Citrus Pay and MD at PayU India, Shradha Sharma, Founder at YourStory, Naiyya Saggi, Founder & CEO at BabyChakra, Arvind Rao, Serial Entrepreneur, and Dr. Rana Kapoor, Founder, MD & CEO at Yes Bank, among others.
The four-month programme that kicks off in September 2017 is looking for startups working on solutions in the areas of payments, security, investment tech, wealth management and robo advisory, customer services, blockchain and alternate lending, among others.
The applications will be screened by investors, prominent startup founders, partners from KPMG, and ISME ACE mentors, finally selecting up to 12 of the most promising startups to join the first cohort. If you’re a fintech startup, here’s your chance to make it big!