Money & Banking

Foreign start-ups enter India’s fintech segment with YES Bank

Priyanka Pani Mumbai | Updated on January 08, 2018

YES Fintech, a startup accelerator of YES Bank, has launched its second cohort with eight start-ups, including three international firms. The cohort, a 15-week innovation programme, will help these start-ups, chosen out of nearly 500 applicants across 10 countries to work on their products, understand its value in the market and get wider access to global audience.

This cohort will also focus primarily on alternative lending, digital payments, real-time data analytics, cyber security, big data and analytics, process automation, smart decisioning, digital banking, and wealth-tech.

Rana Kapoor, MD and CEO, YES Bank, said: “Our effort is to successfully launch and implement innovative solutions from around the world and embrace new technologies, innovation to expand the Indian fintech space.”

As part of the programme, the selected start-ups will have funding option of $1 million via venture capital partners without any equity commitment to YES Fintech, said Amit Shah, Head - Strategy, YES Bank. He further added that the selected start-ups would initially work exclusively with YES Bank and get access to over two million retail and 10,000 corporate clients of the bank.

Three foreign start-ups — Dov-E, bNESIS, Sentimer.AI — make their entry into the Indian market with YES Fintech

Published on January 08, 2018

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