Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Stock Report

| More

YES BANK's Business Accelerator Program for Fintech startups picks 12 startups for its Inaugural Cohort

Posted On: 2017-03-17 22:53:59

YES FINTECH, YES BANK's Business Accelerator Program for Fintech Startups today announced the 12 startups that are set to join its inaugural cohort. The final 12, were selected from the top 35 startups who showcased their solutions to the YES FINTECH Leadership over a 2 day pitching session. The month long application phase of the program received phenomenal response from the global community of Fintechs, with 753 applicants around the world. The Accelerator has been set up in collaboration with T Hub - India's fastest growing start-up engine catalysing innovation, scale and deal flow and Anthill Ventures. LetsTalkPayments, a global platform for financial technology (Fintech) insights is the Knowledge partner.

The 12 startups selected from Fintech domains like Payments, Lending and Alternative Scoring Models, Insta-credit, Cyber Security, Risk Intelligence, Capital Markets and Enterprise software and cutting across technologies like Artificial Intelligence and Machine Learning, Big Data & analytics, Biometric and Alternative Authentication, BlockChain, Chat Bots, API based SaaS Solutions etc. will go through a 15 week program which will involve 3 week onsite interactions at Mumbai and Hyderabad and 12 weeks offsite interactions, wherein the selected start-ups can continue to work from the home location.

Over the 15 weeks the start-ups will receive:

- Mentorship from industry experts on creating scalable businesses from their products and guidance to deploy their innovative technologies within a collaborative framework

- Integrating their technologies into YES Bank's ecosystem through:

* Digital Infrastructure support (API Banking, BIN Sponsorship, etc.)
* Access to Funding (through the Bank/ its network of Investors, across PE/ VCs)
* Advisory on Go-To-Market strategies and market penetration

- Access to YES BANK Network of 2 million + retail, 10,000 + SME and 5000 + corporate customers

- Access to funding upto USD 1 million through VC partners without any upfront equity commitment

Welcoming the startups into the cohort Mr. Rana Kapoor, MD & CEO, YES BANK said "YES FINTECH Accelerator takes forward YES BANK's A.R.T model Alliances, Relationships Technology to provide innovating banking solutions to our customers and provides start-ups a platform for creating sustainable and market ready products. We are really excited about the inaugural cohort and believe that the 15 week program will provide an ideal springboard for these 12 startups to graduate from innovative products to scalable businesses with access to YES BANK's digital banking infrastructure as well as our robust customer network".

Commenting on the launch of the YES FINTECH cohort, Mr. Jay Krishnan, CEO, T-Hub said, "With the high level of technology disruption and the government's drive toward a digital economy, the FinTech industry has emerged as an exciting place for start-ups to penetrate. We are honoured to partner with prestigious partners like Yes Bank and Anthill to support the Business Accelerator Program for FinTech start-ups. Given the dynamic needs of the Indian start-up ecosystem, collaborative programs like these will definitely benefit the most promising start-ups to scale with greater confidence, planning and expertise derived from sound mentorship."

At the launch, Mr. Prasad Vanga, founder and CEO, Anthill, welcomed the startups and said, "With an overwhelming response to the accelerator and after a critical evaluation, we have selected these 12 startups to be a part of the inaugural cohort.The elaborate 15 week program has been carefully designed by Anthill, T-Hub, Yes Bank and Lets Talk Payments to ensure that it helps the startups scale with speed. Moving forward, we will be engaging with the startups and providing them with all the necessary resources in terms of mentorship, operational management and access to funds."

The 12 winners, selected to the inaugural cohort are:

SoCash: soCash is creating the largest small network of small merchants to make cash accessible beyond ATMs

Signzy: Signzy is creating 'building blocks for a Digital Trust system through bank-grade digital KYC, biometric enabled digital contracts and due diligence through Algorithmic Risk Intelligence

Rupeeseed: Rupeeseed provides capital market solutions for retail and institutional trading using robo advisory and analytics engine

Redcarpet: Redcarpet uses alternative social and digital Scoring for insta-credit to new to credit and non-bureau consumers. Redcarpet is a Y Combinator summer 2015 graduate

R1mo: R1mo is the first FX B2B marketplace in India using blockchain technology offering clients a customized distributed financial technology solution that interfaces with existing systems/processes for cross-border payments

Paykey: Paykey is an Israel based startup making banking simple and frictionless through an integrated in-app keyboard which gives users to make payments while using any app

Numberz: Numberz is simplifying running the business (Cash-flow) by Seamlessly integrating Business Workflows with Banking Services

Morph.Ai: Morph.ai is a complete Bot suit for enterprises, providing plug-n-play solution for companies to build powerful chatbots that can solve business use cases

FRS Labs: FRS Labs works on cyber security, fraud detection and identity verification using biometrics and AI

Click & Pay: Making payments transactions cashless, secure and flexible, Click & Pay provides users an easy payment options

Authme: AuthMe is using AI to replace passwords with unique pattern technology and bring UX and security together

Anytime Loan: An alternate lending platform, offering consumer loans and MSME business loans using AI, Data Science, Robotics & Predictive Science tools to create Alternative Scoring and KYC models

The startups have been recognized as disruptors and innovation leaders in their domains by various national and international agencies like MAS (central bank of Singapore), Y Combinator and IBM Smartcamp among others.

Shares of YES BANK LTD. was last trading in BSE at Rs.1508.05 as compared to the previous close of Rs. 1528.7. The total number of shares traded during the day was 337962 in over 3715 trades.

The stock hit an intraday high of Rs. 1537.5 and intraday low of 1504.5. The net turnover during the day was Rs. 510277310.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Bharat Road Network Ltd appoitns Mr. Naresh Mathur as company secretary
Satra Properties India Ltd announces resignation of Mr. Rushabh P. Satra
Blueblood Ventures Ltd signs agreement to acquire Fullerton Securities and Wealth Advisors Limited
Confidence Petroleum India Ltd appoints Ms. Prity P Bhabhra as Company Secretary
VBC Ferro Alloys appoints Directors
Unitech Ltd announces resignation of Director
Camson Bio Technologies Ltd enters into JV agreement with Krishi Rasayan
Shri Shakti LPG Ltd announces resignation of company secretary
Quadrant Televentures Limited calls for Board Meeting on Dec 21, 2017
Shyamkamal Investments Ltd approves appointment of Director
Radhika Jeweltech Ltd appoints Director
Prabhat Telecoms India Ltd in talks to launch handsets on MVNO platform in India
Golden Capital Services Ltd appoints Director
Infomerics Valuation and Rating Pvt Ltd withdraws rating on the request of Srikalahasthi Pipes Limited
Bharat Road Network Ltd announces resignation of Mr. Sanjay Banka as CS
Marathon Nextgen Realty Ltd to acquire business undertaking of Marathon Futurex IT Park
Kesoram Industries approves preferential issue to promoter group company
JMC Projects secures new orders of Rs. 790 crores
Open Offer might get triggered in SQS India BFSI Limited
EROS International Media Ltd announces resignation of Ms. Dimple Mehta
India Ratings & Research reaffirms credit ratings of Welspun India
Chembond Chemicals Ltd announces resignation of Mr. Jawahar Mehta
AXISCADES Engineering Technologies Ltd completes acquisition of company
Capital India Finance Ltd calls for Board Meeting on Dec 20, 2017
Asian Granito India Ltd gives corporate guarantee to Camrola Quartz Ltd
ICICI Securities Ltd files DRHP with SEBI for IPO
Shalimar Paints Ltd fixes Record Date as 29 December, 2017 for 6:32 rights issue
Kesar Enterprises Ltd reappoints Shri D J Shah
EClerx Services Ltd to consider buyback on Dec 22, 2017
Radio City Brings Alive the Power of Radio with the Launch of Version 2.0 of Its 'Rag Rag Mein Daude City' Brand Initiative
Lesha Industries Ltd announces change in designation of MD
Prima Plastics Ltd appoints company secretary
Shree Nidhi Trading Co. Ltd announces resignation of Mr. Shibashis Mukherjee
Jaiprakash Power Ventures Ltd announces resignation of Shri Gyan Prakash Gaur
HCL awarded 'The Key to the Heart of Gothenburg'
Multibase India Ltd announces Offer for Sale
Prakash Constrowell Ltd posts Q2 net profit of Rs. 1.74 crore
Daikaffil Chemicals India Ltd Q2 PAT slumps to Rs. 0.10 crore
BHEL bags Rs.7,300 Crore EPC Contract for 1,320 MW Supercritical Power Project in Tamil Nadu
Gufic Biosciences Ltd Q2 PAT up at Rs. 6.74 crores
Alpa Laboratories Ltd Q2 net profit rises to Rs. 2.32 crores
YES Bank included in S&P BSE Sensex
Ajanta Pharma Ltd announces resignation of Vice-Chairman
Taneja Aerospace & Aviation Ltd appoints Mrs. Rahael Shobhana Joseph as Director
Sarla Performance Fibers Ltd shuts down operations at Sarlaflex, USA
Oil Country Tubular Ltd announces resignation of company secretary
Sanghi Industries Ltd announces resignation of T M Jagan Mohan
Golechha Global Finance Ltd appoints Director
Radio City 91.1FM Introduces the Next Generation of FM Entertainment - Video City, India's First Video FM
TGB Banquets and Hotels Ltd approves resignation of CFO


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2017