Kotak Digital Lending Challenge




Kotak Mahindra Group is one of India's leading financial services conglomerates. Kotak Mahindra Bank Ltd. has a national footprint of 1,348 branches and 2,051 ATMs spread across 675 locations. The bank has four strategic business units: Consumer Banking, Corporate Banking, Commercial Banking and Treasury, which cater to retail and corporate customers across urban and rural India.


Kotak Digital Lending challenge is a focused search program by Kotak Bank, powered by MEDICI.  The bank is looking for a digital lending partner. It seeks technology and business solutions from both startups and mature FinTechs. The additional focus is to identify FinTechs in the area of  process automation in the digital lending space.


A one-month evaluation and selection process will be completed by Kotak with the help of MEDICI’s FinTech and digital lending experts to identify potential partners in the following subsegments of digital lending:


Digital Lending Financial Models Business Models

Consumer Loan
(Home Loan, Car Loan, 
Personal Loan, Credit Cards )

(Secured, Unsecured)




Commercial Vehicle Segments

Balance sheet


Invoice Trading-Invoice Discounting

Any other innovative models

White Label

Reference Mode

Alternative Credit

Any other innovative models


FinTechs can submit their company profile and nomination for the attention of Kotak Innovation Leadership. The selected partners will start working with the ‘implementation ready’ use cases with the bank immediately after the selection.


Kotak Digital Lending Challenge is open to entries from all over the world.


Application Dates : 


Start Date : 02/03/2017


End Date :31/03/2017



Type of engagement:
Virtual digital challenge
Main sponsors:
Kotak Bank
Incentive for startups

The registration is open for all FinTechs on and off MEDICI.

The shortlisted FinTechs will have one-to-one meetings with the Kotak Innovation Committee and Banking practitioners. Meetings will be face-to-face in India and virtual/VOIP calls outside India. The detailed one-to-one meetings will provide an ideal platform to showcase the benefits and discuss implementation readiness of the solutions in person.


The final selected FinTechs will almost immediately start working with the bank on chosen use cases and segments. This will further enhance their capability and credibility to grow the business.

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