Yes Bank, a private bank in India, will launch its first accelerator program for Fintech start-ups on March 20 with 12 chosen candidates.The progr
Yes Bank, a private bank in India, will launch its first accelerator program for Fintech start-ups on March 20 with 12 chosen candidates.
The program named “Yes FinTech” started more than a week ago with 12 Fintech start-ups that are going to be part of an intensive 15-week program, as the bank announced on its website yesbank.in.
“We are really excited about the inaugural cohort and believe that the 15 week program will provide an ideal springboard for these 12 startups to graduate from innovative products to scalable businesses with access to Yes Bank’s digital banking infrastructure as well as our robust customer network.”, said Rana Kapoor, MD & CEO, YES BANK as quoted by their press release.
Some of the companies selected to the inaugural cohort are SoCash, Redcarpet and Numberz, among others.
All of the participating start-ups have been recognized as disruptors by various national and international agencies like MAS (central bank of Singapore), Y Combinator and IBM Smartcamp, to name but a few. SoCash, for example, aims to create the largest small network of small merchants to make cash accessible through ATMs, added the publication.
“With the high level of technology disruption and the government’s drive toward a digital economy, the FinTech industry has emerged as an exciting place for start-ups to penetrate. We are honoured to partner with prestigious partners like Yes Bank and Anthill to support the Business Accelerator Program for FinTech start-ups. “, commented the CEO of T-Hub Jay Krishnan as quoted by yesbank.in. “ Given the dynamic needs of the Indian start-up ecosystem, collaborative programs like these will definitely benefit the most promising start-ups to scale with greater confidence, planning and expertise derived from sound mentorship.”, added Krishnan.