The India Fintech Awards, an initiative of India Fintech Forum has selected 20 startups from seven countries to participate in the Demo Day. The list includes startups from countries such as the US, Israel, Portugal, Belgium, UK, Singapore, and India.
The India Fintech Forum is a non-profit initiative that offers a platform for fintech companies to collaborate and voice their opinions on the relevant policy issues. The India Fintech Awards (IFTA) aims to celebrate and recognise the best innovations from fintech companies globally.
The selection has been made from 200 applications and startups has been selected in the ratio of 1:10. The selection process included application evaluation and personal interviews by the program advisors. The list includes eminent names such as Rana Kapoor, Founder & CEO, YES Bank; Saurabh Srivastava, Founder of Infinity Venture, TiE New Delhi NCR & former Chairman of NASSCOM; Dr. Ganesh Natarajan, Executive Chairman & Founder of 5F World, former CEO of Zensar Technologies and Jitendra Gupta, MD, PayU India & Founder, Citrus Pay.
Of the selected startups, over 70% startups are from India. As cited by India Fintech Forum in an official statement, “Indian fintech firms have unique opportunities with the India Stack (Aadhar, UPI, etc.), which are not available anywhere else in the world. Government policies and regulations by important institutions like RBI, SEBI, IRDA etc. will play a major role in shaping the fintech sector.”
Here Are The Selected 20 Startups
PaySense: Based out of Mumbai, India, PaySense provides credit using advanced data sciences. It offers individuals credit options ranging from INR 5,000 to INR 1 Lakhs. The credit scoring and documentation process is done by leveraging the India Stack. Users can avail EMI plans to make any purchase online and offline.
ZestMoney: ZestMoney enables instant account opening and real-time credit approval, combined with digital loan servicing and repayments technology. The Bengaluru-based startup offers enrollment and real-time approval process, integrated with the ecommerce check-out.