India’s first fintech-focussed accelerator programme, Rise Accelerator has announced its first cohort, including 10 fintech startups.
During the 18-week programme, the cohort will get to engage closely with internal stakeholders at Barclays, and do a focussed POC. The selected startups will also get access to Barclay’s technology as well as mentors, and advisor support. Additionally, they will get a chance to reach to international borders through the Barclays and Zone Startups Network.
Earlier this year, Barclays launched Rise Mumbai, a fintech community comprising coworking, community, hackathons, and the accelerator.
Applications included startups across core financial technologies, including lending, digital banking solutions, trading, enterprise mobility, cybersecurity, data analytics, payments, cryptocurrency, insurance, and wealth management.
The lifecycle stage included startups ranging from early stage – seeking its first enterprise client, to a mature product company that has raised a series A.
Ajay Ramasubramaniam, Director, Zone Startups says, “Post the launch, the Rise Accelerator team and Barclays conducted roadshows across six cities in India, and several international webinars, to attract entries. After three months of programme marketing, we received 236 applications, including several international entries.”