Why focus on FinTech?

FinTech that immerged in the 21st century is expanding horizons and as a space has witnessed many disruptive innovations in payments, automation and open data. In this industry we have seen decline of physical money, large population using banking services and open banking, elimination of human inefficiencies by robotic process automation (RPA) and the scope only broadens with new technologies like ML, AI, predictive analytics, data-driven marketing, gamification learning apps, chatbot interfaces. FinTech funding is on the rise, a firm reported that there were 39 VC-backed FinTech unicorns worth $147.37 billion by the end of 2018 and FinTech market in India is to touch 31 billion USD in 2020.

Eligibility

  • The program does not apply to idea stage or prototype stage companies.
  • For-profit, incorporated for no more than five years as of the application submission date, with a valid business registration number.
  • The angel/VC investment in the company is less than $3M.
  • Using or developing technology-based innovation or innovative processes for competitive advantage in the InsurTech and relevant sectors which is designed for global markets.
  • Ownership of rights to commercialize the Intellectual Property. (e.g. patents, copyrights, trade secrets, etc.)

FinTech Verticals

Digital Banking

Lending

Investment

Wealth Management

Payments

RegTech

Crowdfunding Platforms

Data Analytics

Capital Markets

Security

Credit Score

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