Fintech has turned the banking world on its head. From digital transactions to mobile investing, startups have begun to significantly change the way we interact with money. Now that banks have begun to see the value in this kind of innovation, accelerators and incubators of all shapes and sizes have begun popping up to find the next big thing in fintech. And, if we're lucky, the first Fintech Valley Accelerator cohort could be the one to do it.
Announced earlier this month, the accelerator program is the first of its kind coming out of Fintech Valley, the global fintech ecosystem in India seeking to spur innovation and support growth in the fintech space. The 12-week program will provide all the bells and whistles of a standard accelerator, like mentorship, training, and general support, with the backing of a global organization seeking to change the financial world for the better.
If you're interested in seeing which startups were inducted into this first cohort, check out their descriptions below and read more about the Fintech Valley Accelerator program here:
The Bengaluru-based fintech startup focuses on leveraging technology to make fragmented stressed receivables market more efficient, improve default recovery rates, and in the long run, be able to rightly price such portfolios.
Fingpay allows customers to pay for products, services, and utilities at POS from any of their bank accounts and wallets with just a scan of a finger.
This company provides financial advisors and agents with a platform to cross-sell financial products to their clients by providing them access to products, tools, and their own website or app.
GyanDhan is an education financing marketplace with an aim to equalize and expand access to higher education abroad.
This startup makes encryption unconditionally secure and affordable by developing standardized quantum systems for information processing technologies, which have application in end to end encryption.
This startup is an analytics product company radically changing the way enterprises create, consume, and act on analytics for business growth.
Heckyl Technologies operates in the space of real-time analytics of structured and unstructured data offering high-end analytical products to financial institutions and corporations.
This startup has created the means to authenticate a person on any device using their face, for ID verification, which is strongly resilient to spoofs and replay attacks yet ultra-easy to use.
Read more about fintech startups at TechCo