Yes Bank opens fintech accelerator programme for start-ups
India’s Yes Bank is inviting fintech start-ups to take part in its Yes Fintech Accelerator Programme. The application process is open until 2nd February 2017.
Eight to 12 start-ups will be chosen. The cohort will commence on 13th March and continue for 15 weeks in a dual mode (onsite and remote).
Yes Fintech promises interaction with and mentoring by Yes Bank’s management team “along with renowned industry experts, who have proven track record in the financial and technology sectors”.
The initiative is a collaborative effort with T-Hub, Anthill and Lets Talk Payments (LTP).
It is a “hands on” programme “with the sole intention of creating innovative solutions for the financial services industry in the country”, the organisers say.
The programme is looking for “creative entrepreneurs” and “innovative fintech start-ups” in the following areas:
- trade finance
- forex and treasury management
- lending (individuals, SMEs and corporates)
- customer value-added services (e.g. ERPs, accounting, invoicing/billing)
- wealth management
- capital markets
- regtech (regulations and compliance)
- core banking solutions
- enterprise software (BaaS/PaaS/IaaS, APIs, business intelligence, reporting, UI/UX etc)
Successful applicants will receive:
- digital infrastructure support (API banking, BIN sponsorship etc);
- access to funding through Yes Bank and its network of investors, including private equity and venture capital firms;
- advisory on go-to-market strategies and market penetration;
- mentorship by internal and external industry experts, across product and tech platform, business plan, revenues, funding, customer acquisition, administration and compliance;
- co-working space in key cities across India.
Start-ups can apply here to take part in Yes Fintech.