With the rapid adoption of digital as a medium across sectors, fintech startups are playing a significant role in enabling and supporting this growth. In January this year, India’s fourth-largest private sector bank, YES Bank, in association with Pricewaterhouse Coopers (PwC) and Lets Talk Payments (LTP) launched the second cohort of fintech accelerator YES FINTECH, to co-create innovative solutions with selected startups for the bank’s retail and corporate customers.
Seven startups were selected for the 15-week programme, after rigorous screening of more than 500 applicants from across 10 countries. These included companies with a focus on Lending, Digital Payments, Real-time Data Analytics, Cybersecurity, Big Data & Analytics, Process Automation, Smart Decisioning, Digital Banking, Wealthtech and Invest Tech.
After weeks of working on their solutions and making them scalable, with guidance from mentors and industry experts, these seven startups are ready to take the stage, and showcase their work on the Demo Day being held on May 11 in Mumbai:
Balance Technology: Based in Bengaluru, Balance is a personal savings app that allows users to save the petty change and invest in mutual funds. Balance enables financial education and product adoption through adaptable goals.
Karza: Headquartered in Mumbai, Karza provides cloud-based solutions for lending decisions and aims to assist lending institutions in addressing critical issues of NPAs and loan frauds through big data.
Sentimer: Sentimer is a Spanish fintech startup that offers AI based customized solutions for customer acquisition, cross-selling and customer service.
Pingal: Founded in 2017, Mumbai-based Pingal Technologies is focused on analytics that act as a workbench for intelligent dashboard creation to enable data driven decision making and enhance business value
Fyle: Specialising in intelligent employee reimbursement and expense automization, Fyle is a Bengaluru-based startup with an intelligent employee reimbursement and expense automization platform. Fyle links email, consumer apps and other platforms to simplify recording, sharing and processing of expenses and invoices within an organization
FinBit: Delhi-headquartered FinBit was launched in 2016, with the aim of providing AI-based solutions to automate the process of reading and analysing bank statements and helping underwriters understand a customer’s financial behaviour.
bNESIS: Based in Warsaw, Poland, bNESIS is a fintech startup focused on building a unified API service that reduces the complexity of integration with multiple clouds, social, payment, analytics and other services into mobile apps.
Don’t miss this opportunity to get a glimpse into the innovative and cutting-edge solutions set to make a mark in the world of fintech.
Register here for the event.
Venue: ISDI ACE, 7th Floor, Tower 2, One Indiabulls Center, Lower Parel
Timings: 2:30 PM to 5.30 PM