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:

Ramco Systems sets up subsidiary in Indonesia
NIIT strengthens Global Retail Business arm to drive Digital Transformation
Karnataka Bank launches its revamped corporate website
BMB Investment Bank, Bahrain selects TCS BaNCS for Treasury to drive innovation and enhance customer experience
Subex User Conference 2017 set to tackle the operational challenges of Digitalisation
TCS Recognized as a Leader in Life Sciences Social Media Analytics by IDC MarketScape
Banks catch up with Amazon and Netflix as iGTB's CBX 18 launches the contextual revolution
Zydus receives final approval from the USFDA for Allopurinol Tablets USP
TCS Launches 'Connected Clinical Trials' Platform on its Advanced Drug Development Suite
Persistent Systems amongst the leading players in 'Zinnov Zones 2017 - Digital Services' Report
Zydus receives final approval from the USFDA for Desvenlafaxine Extended-Release Tablets
CARE assigns ratings to commercial paper programme of Surya Roshni Ltd
Shiva Cement Ltd calls for Board Meeting on Oct 27, 2017
Weizmann Forex Ltd to consider quarterly results on Oct 31, 2017
Capital First Ltd to announce Q2 results on Oct 31, 2017
Shriram City Union Finance Ltd to consider second quarter results on Nov 2, 2017
INOX Leisure Ltd commences operations of Video Cinema at Atrial Mall, Worli
Reliance Home Finance Ltd to approve Q2 results on Oct 30, 2017
K P R Mill Ltd calls for Board Meeting on Oct 30, 2017
Ultramarine & Pigments Ltd to consider 2nd quarter results on Nov 11, 2017
VA Tech Wabag Ltd calls for Board Meeting on Nov 8, 2017
Beardsell Ltd appoints Mrs. Vijayalakshmi Ravindranath as Independent Director
GMR Hyderabad International Airport to allot $350 Mn of 4.25% senior secured fixed rate notes
Apollo Hospitals Enterprise Ltd to announce Q2 results on Nov 13, 2017
Frontline Securities Ltd appoints CFO
Megri Soft Ltd calls for Board Meeting On October 28, 2017
Ind Bank Housing Ltd announces resignation of company secretary
Jammu & Kashmir Bank to consider 2nd quarter results on Oct 27, 2017
VXL Instruments Ltd calls for Board Meeting on Oct 31, 2017
Redington India Ltd calls for Board Meeting on Oct 31, 2017
IP Rings Ltd calls for Board Meeting on Nov 8, 2017
ESAB India Ltd to announce second quarter results on Nov 9, 2017
Sundaram Brake Linings Ltd calls for Board Meeting on Nov 9, 2017
Archana Software Ltd to announce quarterly results on Oct 30, 2017
TTK Healthcare Ltd to approve 2nd quarter results on Nov 8, 2017
OnMobile Global Ltd calls for Board Meeting On October 30, 2017
Britannia Industries Ltd to consider Q2 results on Nov 12, 2017
InterGlobe Aviation Ltd updates on investments in mutual funds
Gyan Developers & Builders Ltd calls for Board Meeting on Oct 25, 2017
Divi's Laboratories Ltd calls for Board Meeting on Oct 31, 2017
Andhra Bank to approve Q2 results on Nov 2, 2017
Srestha Finvest Ltd calls for Board Meeting on Nov 10, 2017
Loyal Textile Mills Ltd appoints Ms.Vishala Ramswami as CEO
Tanla Solutions to announce 2nd quarter results on Oct 31, 2017
Automobile Corporation of Goa Ltd to consider Q2 results on Oct 30, 2017
Dhanlaxmi Bank Ltd to consider Q2 results on Nov 13, 2017
Page Industries Ltd fixes Nov 17, 2017 as record date for interim dividend
ONGC fixes Nov 6, 2017 as record date for first interim dividend
South Indian Bank updates on overseas expansion
Ashapura Intimates Fashion Ltd to open EBO Store at Anna Nagar, Chennai


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

disclaimer copyright © 2005 - 2017