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Andhra Pradesh is taking its fintech pitch to the global hub. The State, which is trying to make Visakhapatnam a hub for fintech start-ups, has kicked off an eight-city global roadshow to sell the coastal city as a hub.
“We have completed the main show at Chicago where 150 top executives of IT companies, startups and investment community attended,” JA Chowdhary, Special IT Advisor to Andhra Pradesh Chief Minister N Chandrababu Naidu, told BusinessLine from Chicago.
Fintech fest
“The destinations are either financial hubs or fintech capitals in the respective geographies,” he said.
These roadshows will culminate in the five-day Fintech Festival scheduled to be held from October 22 in Visakhapatnam.
“The response from the start-up community has been very encouraging. We are positioning Visakhapatnam as the Gateway to opportunities for fintech startups in India,” he said.
Start-up Challenge
While inviting global start-ups, the State government says they can have just 20 per cent of their operations in Visakhapatnam. “Making the city their base, they can tap unfolding opportunities in the government, banking and financial sectors,” he said.
The Fintech festival announces a Global Startup Challenge for startups from across the world with a prize money of $1 million. As many as 25 finalists would present their products and services on the Demo Day.
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