Ten start-ups have been short-listed by T-Hub for the fintech accelerator programme that was launched in November in partnership with Nationwide Funds Company of India (NPCI) and Division of Science and Expertise (DST).
The programme is designed to reinforce quicker product growth and scale-up the short-listed start-ups. It is going to be provided in digital mode as a result of present COVID-19 scenario, T-Hub stated on Friday.
In a launch, the expertise start-up incubator stated 20 start-ups have been chosen from over 150 purposes acquired from throughout the nation. The short-listed start-ups will obtain coaching and steering from T-Hub and NPCI by a curriculum of actions, particularly designed to help product growth and progress in digital funds.
They are going to have entry to NPCI retail funds APIs for product growth and T-Hub’s community of mentors, business consultants, traders, service suppliers and the group.
Some extra advantages embrace profit from Go-to-Market help through the acceleration part, and alternative to showcase their answer to business consultants and the ecosystem through the Fintech Accelerator Demo Day scheduled in July.
T-Hub CEO Ravi Narayan stated, “India’s digital payment landscape has grown steadily over the years. Owing to the current pandemic, there has been a fundamental slowdown of transactions at all levels. But all that will fundamentally change. We consider this an opportunity. not only to support these deserving start-ups…”
The ten short-listed start-ups and their options are: Stackbox Companies (cost system in logistics area); AShield Applied sciences (cybersecurity for funds); ChitMonks (Blockchain community for chit funds); Kaleidofin (intuitive and tailor-made monetary options); Whrrl (agri-finance on Blockchain); Param Community India LLP (Blockchain for e-Invoicing); Syntizen Applied sciences (Aadhaar particulars – compliance answer); CityCash (micro-payment answer); SimplyFI Softech India (Blockchain-based working capital loan enabler); Cell First Finance (mobile-first fintech software for NBFCs).