Info-tech

T-Hub picks 10 start-ups for fintech accelerator

Our Bureau Hyderabad | Updated on May 24, 2020 Published on May 24, 2020

Tech start-up incubator T-Hub has selected 10 start-ups for its fintech accelerator.

The National Payments Corporation of India (NPCI) and the Department of Science and Technology (DST) will help start-ups in scale-up opportunities and go-to-market strategies.

Launched last year in association with NPCI, which drives digital payments ecosystem in the country, and DST.

“We shortlisted 20 start-ups from over 150 applications that we received from across the country. After further funnelling, we selected the final 10 start-ups for the programme,” Ravi Narayan, Chief Executive Officer of T-Hub, has said.

Some of the shortlisted start-ups included Stackbox Services Private Limited (payment system in logistics sector), AShield Technologies (cyber security for payments), Chitmonks (blockchain-based product for chit fund companies), and Param Network India (blockchain solution for e-invoicing).

The select start-ups will have access to NPCI retail payments APIs for product development and T-Hub’s network of mentors, industry experts, investors and service providers.

They will also get access to NPCI’s API Sandbox portal to develop payment products.

“Owing to the current pandemic, there has been a fundamental slowdown of transactions at all levels. We consider this an opportunity not only to support these deserving startups but also to ensure all the stakeholders in the fintech space see the innovations through this programme,” he said.

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Published on May 24, 2020
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