Barclays and 91springboard, a co-working space, have partnered to initiate “Rise in Mumbai”, which will be launched during the second quarter of 2016. Rise is a network of physical spaces and a virtual community, designed to bring together the world’s brightest thinkers & doers to create the future of financial technology.

The Rise platform will allow people from different geographies to interact with each other, while 91springboard will give the Rise network an instant access to the former’s startup community.

Lubaina Manji, Head of Rise and Head of Group Innovation Office at Barclays, said, “We are very excited about the launch of Rise in India. With this, we intend to provide a model for global collaboration, innovation and growth in financial technology to the budding fintech entrepreneurial ecosystem in India, enabling them to grow and achieve the scale and success they deserve.”

The programme will provide technology entrepreneurs in India access to a global network of experts, businesses and partners, empowering them for rapid scale and growth. The new site in Lower Parel, Mumbai will mark Barclays’ expansion of the Rise programme to a fifth country. It has already opened Rise hubs at London, Manchester, New York and Cape Town, and a hub at Tel Aviv will be opened soon.

Rise Mumbai will be a state-of-the-art space offering co-working facilities, events and meeting spaces and a number of programmes designed to co-create the future of financial services. In addition to the world-class infrastructure facilities, entrepreneurs working out of this space will also gain access to Barclays mentors and will get linked to all of the global Rise sites.

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