YES BANK, in partnership with LetsTalkPayments and PricewaterhouseCoopers, has launched the second cohort of its fintech startup accelerator, YES FINTECH.
The 15-week innovation programme will witness eight startups, chosen from over 500 applicants across 10+ countries, undergo rapid enhancement of their value quotient through product-market-fit guidance, Proof of Concept (PoC) validation and Go-To-Market advisory.
Commenting on the development, Rana Kapoor, MD and CEO of YES BANK, said
”With fundamental changes in the economy powered by Digital India and Startup India, startups in India will increasingly become agents of development and enable ample job creation. The successful launch and implementation of innovative solutions from around the world, as a part of YES FINTECH’s innovation programmes, stands testimony to YES BANK’s relentless efforts towards embracing new technologies, innovating and expanding the Indian start-up ecosystem for the future.”
Within the scope of fintech, the key focus areas of YES FINTECH’s Autumn Cohort include Alternative Lending, Digital Payments, Real-time Data Analytics, Process Automation, Smart Decisioning, Wealthtech and Invest Tech.
A look at the 8 startups participating in YES FINTECH’s 2nd Cohort
Here is the list of eight startups that will be part of YES FINTECH’s Autumn Cohort:
- Balance Technology: Based in Bengaluru, Balance is a personal savings app that allows users to save the petty change and invest in mutual funds. Balance enables financial education and product adoption through adaptable goals.
- Karza: Headquartered in Mumbai, Karza provides cloud-based solutions for lending decisions and aims to assist lending institutions in addressing critical issues of NPAs and loan frauds through big data.
- Sentimer: Sentimer is a Spanish fintech startup that offers AI based customized solutions for customer acquisition, cross-selling and customer service.
- Pingal: Founded in 2017, Mumbai-based Pingal Technologies is focused on analytics that acts as a workbench for intelligent dashboard creation.
- Fyle: Specialising in intelligent employee reimbursement and expense automization, Fyle is a Bengaluru-based startup that was founded in 2016. The platform’s solutions link to email, consumer apps and other platforms, geared towards streamlining the sharing and processing of expenses within a company.
- FinBit: Delhi-headquartered FinBit was launched in 2016, with the aim of providing solutions to automate the process of reading and analysing bank statements helping underwriters in understanding a customer’s financial behaviour.
- bNESIS: Based in Warsaw, Poland, bNESIS is a fintech startup focused on building a unified API service that reduces the complexity of integration with multiple clouds, social, payment, analytics and other services into mobile apps.
- Dov-E: Launched in 2013 in Israel, Dov-E is a startup utilising sound waves to provide seamless, secure, quick and easy mobile payments.
What’s in store for the participating fintech startups