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Yes Bank launches marketplace for startup developed solutions

Yes BankIndian private sector lender Yes Bank has launched ‘YES SCALE Marketplace’, an online marketplace of innovative solutions, co-created with its APIs and startup partners across sectors.

The platform will ease the process for startups to jointly go-to-market with Yes Bank. It will enable them to explore ‘live’ use-cases, register their solution and further assist startups in completing their solutions with banking integrations (API Sandbox) to jointly go-to-market with the bank to 20K+ corporate & MSME clients.

This platform will create a ‘one-stop-shop’ experience enabling businesses to not only view and discover multiple solutions but also explore them in detail through demos and integrate banking seamlessly on their platform. The platform, designed to mimic an online marketplace, will ease the process of selecting and using solutions through a simple register, explore and ‘add to cart’ process.

The platform features 20+ solutions for each use case across five sectors, Supply Chain & Logistics, Clean energy, Agritech, Lifesciences/Healthtech and Ed-tech, the bank said.

Launched in 2018, YES SCALE initially facilitated successful pilots of innovative startup led solutions for Corporate clients such as Mahindra & Mahindra, BigBasket, Schneider Electric, Godrej and ITC among others. Then in early 2019, the program was further extended to the MSME segment with curated, banking integrated plug and play solutions across Ed-tech, Logistics and Clubs.

These solutions include an AI-enabled platform with integrated payments and collections for school management which has been deployed in 100+ schools, a fleet tracking platform with digital invoicing and collections deployed in 20+ client partners along with a Smart Hospital Management solution with booking, payments and collections among others.

Last month, the lender also launched an API sandbox with 50+ virtual APIs called ‘YES Fintech Developer’. The sandbox help corporates, MSMEs and startups to identify ‘best-fit’ APIs based on their sectors and allows them to test the APIs with their app in a secure environment.

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