Accelerator for FinTech startups, Startupbootcamp FinTech, has announced the 10 startups that are set to join their inaugural program in Mumbai. These startups were selected from the Top 20 teams, over a period of three selection days, after a 3.5 month long innovation scouting phase and nearly 300 applications from roadshows across Asia, Africa, Europe, and the Middle East.
The cohort will receive access to leading financial corporates in India who will provide the finalists with access to pilot customers, industry data, APIs and integration support. In addition, participants will be able to put together a world class advisory board through Startupbootcamp’s network of mentors and investors. Founders will also be put through an entrepreneurial ‘mini MBA’ syllabus, with masterclasses on essential building blocks of business, understanding the customer and ‘becoming investable’.
Adrian Johnson, Managing Director, Startupbootcamp FinTech, said “We specifically decided to venture into India with our Fintech accelerator because our global FinTech programs had been witnessing significant participation from Indian companies, with some of the most unique innovations intended to address the financial need-gap of the Indian economy.”
Each of the teams will receive €15,000 and three months free office space in Lower Parel, at the startup hub ‘Garage’ by Jetlabs. After three months intense acceleration, the teams will present their companies to over 500 investors and industry experts at Demo Day.
“We will be focusing on giving them the foundation to enhance and scale their business models and make them market-ready at the end of three months,” added Adrian.
The program has gained backing from influential players in the FinTech industry, such as ICICI Bank, ICICI Lombard, RBL Bank, AZB & Partners and PwC.
The ten winners, selected to for 2017 Startupbootcamp FinTech Mumbai Program are:
- Doboz Solutions: A platform that digitizes the gifting experience to buy, share and exchange digital gift cards
- ExpoWealth: Access to direct mutual funds along with various analytical tools to help users make informed decisions and invest in few clicks
- GiftAssets: Online platform to gift mutual funds and ETFs
- GreenDeck: Cash flow monitoring for businesses to manage their income, expenses and transactional analytics
- RuPie: Alternative lending platform, which provides loans for personal and small business needs
- Bitgram: A unified intelligence platform for digital transactions enabled by blockchain technology
- ManageMyFortune: Robo advisory based curated marketplace for retail investors to find based on their past performance, client ratings or industry experience
- Propelld: Educational Finance Platform
