This is the fourth edition of IFTA
The winner will be a part of Paris Fintech Forum 2020
9 out of 20 startups are based out of India
Indian Fintech Forum has announced the names of 18 startups shortlisted for the fourth edition of India Fintech Awards (IFTA), which will be held on November 29, 2019 in Mumbai. The startups have been shortlisted from the pool of 400 fintech startups from India, US, France, Hungary and Israel, among others.
The selection process included application evaluation and personal interviews conducted by the programme advisors from the India Fintech Forum.
The India Fintech Forum is a non-profit organisation that provides fintech companies with a platform to collaborate and voice their opinion on the relevant policy issues. Through IFTA, India Fintech Forum aims to celebrate and recognise the best innovations from fintech companies globally.
Out of the 18 shortlisted startups, 9 are registered in India. Here is a list of the Indian startups that got selected.
Here Are The 9 Indian Startups For IFTA 2019
Bon Credit
Founder: Bhasker ‘Bosky’ Kode
Year: 2016
Headquarters: Pune, Maharashtra
Bon Credit is a platform that provides credits to gig workforce — fleet drivers and delivery executives.
CreditMate
Founders: Jonathan Bill and Aditya Singh
Year: 2016
Headquarters: Mumbai, Maharashtra
CreditMate is a platform that assists India’s lending industry to collect credits faster.
CreditOn
Founder: Tejasvi Mohanram
Year: 2013
Headquarters: Gurgaon
CreditOn is a AI-backed platform for retail and small and medium enterprises (SME) lending.
Fintuple Technologies
Founders: Naveen Chandramohan and Kaushik Narayan
Year: 2018
Headquarters: Chennai
Fintuple is a Analytics-Driven portfolio management platform.
Jai Kisan
Founders: Arjun Ahluwalia, Adriel Maniego
Year: 2017
Headquarters: Mumbai, Maharashtra
Jai Kisan provides loans to farmers for purchasing agricultural equipment, dairy equipment and other assets to farmers.
Riskcovry
Founders: Chiranth Patil, Suvendu Prusty, Sorabh Bhandari, Vidya Sridharan
Year: 2018
Headquarters: Mumbai, Maharashtra
Riskcovry is a insurtech platform that enables businesses to provide insurance to end consumers.
Think Anlaytics
Founders: Suryadip Ghoshal, Mohnish Salot and Amit Das
Year: 2014
Headquarters: Mumbai, Maharashtra
Think Analytics is a data solution company that provides curated business insights for instant decisions.
Xtracap Fintech India
Founders: Mohammed Riaz
Year: 2017
Headquarters: Delhi
XtraCap is a platform that assesses credit risk of small businesses using GST data.
Yobee Research
Founders: Salil Mathur
Year: 2019
Headquarters: Mumbai, Maharashtra
Yobee Research is a platform that designs and develops AI algorithms for the financial markets.
Other companies shortlisted for IFTA 2019 include Singapore-based Active.Ai and CredoLab, US-based Lokyata, Vested Finance and Vymo, Hungary based Partnerhub, Australia-based Valocity Global, France-based Neener Analytics and Israel based Rewire. The winner of IFTA award will get an opportunity to be a part of Paris Fintech Forum 2020.
Previous winners include Capital Float, ZestMoney and Oz Forensics. In 2019, Capital Float is backed by investors like Ribbit Capital, SAIF Partners, Triodos Investment,Sequoia India and Creation Investments.
ZestMoney is backed by Alteria Capital, Reinventure, Ribbit Capital, Omidyar Network and PayU.
