FinTech Yatra to offer $100m capital to start-ups with 25 VCs

By Gloria Methri

The Fintech Meetup’s fifth edition of the annual Fintech Yatra flagged off in Mumbai on February 10, 2023. At least 25 VCs have tied up with Fintech Yatra 2023, which will offer $100 million in capital and identify and explore investments in some of the most promising FinTech start-ups. The team this year is set to undertake a 12,000 km journey across 20 cities, interacting with an estimated 400+ FinTech start-ups.

A select few start-ups will be incubated via more comprehensive exposure to financial institutions and pilots, and the best ones amongst them will get funded, said the company.

The Yatra includes top Venture Investors such as DMI Sparkle Fund, Pentathlon Ventures, IIFL Fintech Fund, BEENEXT, July Ventures, Disruptors Capital, Piper Serica, Eximus Ventures, Inflexor Ventures, Ideaspring Capital, Crowdinvest, Arali Ventures, Anicut Capital, Capital-A, Varanium, Impact Investor – Omidyar Network India and more.

Founded by Abhishant Pant, a career banker and FinTech expert, the Fintech Yatra has so far interacted with over 2500+ startups helping them reshape their ideas and access financial institutions to co-create innovative products as well as raise capital.

Abhishant Pant, Founder, The Fintech Meetup, and General Partner, YAN Angel Fund, said, “We started Fintech Yatra as an experiment back in 2018 to interact with founders and understand the entrepreneurial zeal to solve big and complex problems. We have seen the growth of India’s FinTech movement over the last five years, not just in the major cities but also at the grassroots level. We strongly believe  that with the right building blocks, first-time entrepreneurs can create a superlative impact and aim to provide the same through the Yatra and beyond.”

Fintech Yatra has so far invested in 16 FinTech start-ups namely Onecard, M2P Fintech, Vayana Network, ShopSe, Payglocal, Riskcovry, Tartan, DataSutram, PhiCommerce, Finvu, Converj, Savart, and 42 Cards, among others.