India’s Yes Bank has announced the 12 startups set to be part of the inaugural cohort of its accelerator programme, Yes FinTech. The FI received over 750 applications from across the globe, with the final 12 selected from the top 35 startups who showcased their solutions over a two-day pitching session.
Companies as follows: SoCash (network of small merchants to make cash accessible beyond ATMs), Signzy (digital KYC, biometric enabled digital contracts etc), Rupeeseed (robo-advisor), Redcarpet, (alternative social and digital scoring for insta-credit), R1mo (foreign exchange marketplace that uses blockchain technology), Paykey (easy payments through an integrated in-app keyboard), Numberz (integrating business workflows with banking services), Morph.Ai (bots for enterprises), FRS Labs (cyber security, fraud detection and identity verification using biometrics and AI), Click & Pay (cashless, secure and flexible payments), Authme (using AI to replace passwords with unique pattern technology and bring UX and security together) and Anytime Loan (alternate lending platform).
They will now go through a 15-week programme, involving three weeks of onsite interactions at Mumbai and Hyderabad and 12 weeks of offsite interactions. They will receive mentorship from industry experts, integration with Yes Bank’s ecosystem, access to the FI’s network and funding up to $1 million.