March 20, 2017
The first cohort of YES FINTECH, the business accelerator program led by YES Bank, India’s fifth-largest private bank by assets, was officially launched on March 17, 2017, in Mumbai. A total of 12 startups were selected from more than 750 that applied, to participate as part of the first cohort.
These 12 startups will engage in a 15-week acceleration program, where three weeks will be on-site (across Mumbai and Hyderabad) and the rest will be off-site where the startups will continue to collaborate from their home location. Startups will work very closely with YES Bank – its leaders from business and technology teams as well as their partners – to collaborate and solve mutual problems that have been identified.
Collectively, the selected cohort represents many ‘Fin’ sectors that are strategic to YES Bank – both for bringing value to its customers, as well as fostering innovation that is (re-)shaping financial services industry in the 21st century. These include sectors like payments, lending, wealth management, capital markets and governance risk & compliance (GRC), etc.
The selected startups are (in no order of priority):