19th June, 2019, Mumbai: Mumbai FinTech Hub, an initiative
by Government of Maharashtra to execute the Maharashtra FinTech policy and
promote an aggressive FinTech ecosystem in the state, announced the launch of
its platform FInD (FinTech Investments
and Deals). With the objective to bridge the gap between investors and
start-ups, with respect to funding, FInD will not only catalyze exposure to
capital but also aid to align partnerships between FinTechs,
investors and partners from around the globe.
Applications for start-ups
to apply for the FInD programme starts on 17th June, 2019. Investor
on-boarding has already begun.
Mumbai FinTech Hub has
identified access to capital and talent pool among their major focus areas to
achieve its vision of converting Mumbai into a global FinTech hub. Thus, FInD
acts as a continuous matchmaking digital platform that brings together global
investors, FinTechs and partners. The program is powered by PwC and Medici and the
other program partners areAimcrest, NASSCOM, IVCA, FCA and PCI.
The program entails a democratized
digital investment platform that not only enables investments intoFinTech
start-ups (Seed, Pre-Series A, Series A, Series B+) but also assists these
FinTechs to form partnerships with corporates and incumbents. The start-ups
undergo an in-depth screening of B-Plans and other relevant information through
an evaluation framework by Mumbai FinTech Hub. A list of these meticulously
curated start-ups is shared with the investors, which enables faster decision
making and directly connects them with the qualified start-ups. Simultaneously,
FinTech start-ups are exposed to a wider network of local and global investors
and corporates.
Ms. Suniti Nanda, Chief FinTech Officer, Mumbai FinTech Hub said, “FInD is yet
another initiative by Mumbai FinTech Hub to foster our vision of making Mumbai
a global FinTech Hub. The unique value provided by the programme makes it
crucial for all stakeholders involved and helps unleash the true potential of
India’s FinTech ecosystem. Providing access to capital and global/home-grown
investors will eventually put us on the world map for fostering next-gen
innovation and creating globally competent firms.”
Mumbai FinTech Hubs aims to
host 3-4 sprints every year for the same.
For
any queries contact: support@mfhfind.com
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