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One of the leading private banks in India is accepting applications for its new fintech accelerator program aimed at facilitating innovation in the financial sector.
Yes Bank has announced the launch of a unique business accelerator program, Yes Fintech, in partnership with T-Hub, Anthill, and Let’s TalkPayments. The selected startups will enroll in a 15-week dual destination program, split between Mumbai and Hyderabad.
Yes Fintech will help fintech startups to develop innovative solutions for the bank’s retail and corporate clients by providing an access to Yes Bank’s 5,000 corporate customer base, 10,000 + SME and a network of over 2 million retail customers. Besides, the program will offer digital infrastructure support through API Banking and BIN Sponsorship.
Yes Bank has been supporting more than 100 fintech startups in India to drive the development of innovative financial solutions to its corporate, SME and retail customers under its Alliances, Relationships & Technology (ART) approach to digitised banking.
“Yes Bank has been actively collaborating with fintech start-ups through our –A.R.T model – Alliances, Relationship, Technology to provide innovative Banking Solutions to our customers,” said Mr. Rana Kapoor, MD & CEO at Yes Bank.
“Yes Fintech Accelerator takes this philosophy forward and provides start-ups a platform for creating sustainable and market ready products. This is a truly one of a kind program which provides all start-ups in the program with access to Yes Bank’s digital banking infrastructure as well as our robust customer network, while requiring zero upfront equity commitment from start-ups.”
T-Hub, an India’s fastest growing start-up engine catalysing innovation ,will provide an access to its ecosystem of incubators, innovation labs, and industry guidance. Moreover, it will enable access to government bodies, academia, and global network of investors.
“T-Hub’s extensive reach in the startup ecosystem including academia and industry will benefit the program by not only bringing in the right startups but also by providing them with the necessary direction and mentorship to scale,” said Jay Krishnan, CEO of T-Hub.
“This program will also give startups a chance to co-create innovative solutions for Yes Bank’s customers, while also giving them access to expert mentors, a global network of investors and VCs and guidance on ways to scale up their venture.”
Anthill, meantime, will deliver funding guidance and will help startups in scaling up more quickly. Prasad Vanga, founder and CEO of Anthill said: “With Anthill’s speedscaling services, we will open up different channels of customer acquisition for the startups, help in product refinement and developing new market entry strategies. By the end of the program, we also aim to introduce the startups to our vast network of global funds and family offices.”
LetsTalkPayments, as a knowledge partner, will bring in fintech experts as mentors via its Medici platform.
Yes Fintech is accepting applications from across the world till February 3 via its website.