As announced by Andhra Pradesh CM Chandrababu Naidu at Vizag Blockchain Conference, Fintech Valley, a body established by the state government to promote sustainable global fintech ecosystem has launched Fintech Valley Accelerator programme for fintech startups. The 12-week long accelerator program intends to provide startups, a combination of support, guidance and training. The accelerator has also shortlisted eight startups that will join its inaugural cohort.
The fintech startups were selected from the top 20 startups who showcased their solutions to the business leaders of ICICI bank, Mahindra Finance and Microsoft. The accelerator programme is in collaboration with ICICI Bank and Mahindra Finance as corporate partners and Microsoft as the technology & acceleration partner.
Fintech Valley Accelerator: Shortlisted Startups
Moneytor: The Bengaluru-based fintech startup focuses on leveraging technology to make fragmented stressed receivables market more efficient, improve default recovery rates, and in the long run, be able to rightly price such portfolios.
Fingpay: The startup allows customers to pay for products, services and utilities at POS from any of their bank accounts and/or wallets with just a scan of a finger.
Incremint: It provides financial advisors/ agents, a platform to cross-sell financial products to their clients by providing them access to products, tools, and their own website/app.
GyanDhan: It is an education financing marketplace with an aim to equalize and expand access to higher education abroad.