The Startupbootcamp accelerator network is widening its fintech programme, opening an outpost in Mumbai as it seeks out Indian startups bidding to transform the financial services industry.
Launched in 2014, Startupbootcamp Fintech already runs programmes in London, New York and Singapore, providing small firms financial backing, mentorship and access to potential partners and clients.
Icici, RBL Bank, AZB & Partners and PwC have signed on as founding institutions for the Mumbai operation, which will seek to attract fintech startups that take advantage of a huge potential market, where hundreds of millions are underbanked but mobile phones are ubiquitous.
"Cutting-edge technology is reshaping the financial services industry in India. Technology disruptions and innovations are removing the barriers and issues related to infrastructure and inclusion, and are enabling the financial services industry to serve a previously untapped clientele as well as improve service to present ones," says Vivek Belgavi, fintech leader, PwC India.
Startups can apply for the programme at a series of specially convened one day events around India. Up to 10 will then get grants of EUR15,000, mentorship, office space and access to funding and a network of industry partners, investors and venture capital firms.