YES Bank launches YES FINTECH Accelerator in partnership with T-Hub and Anthill - Start-Up Hyderabad
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YES Bank launches YES FINTECH Accelerator in partnership with T-Hub and Anthill

 2 years ago    

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YES Bank launches YES FINTECH Accelerator in partnership with T-Hub and Anthill, with Let’s Talk Payments as a knowledge partner. The program is creating a platform for the bank and Fintech startups to co-create innovative solutions and together take the solution to the bank’s vast retail and corporate customer database.

Anthill, a city based venture capitalist firm, aids early stage startups to grow and not stop due to funding issues. Anthill’s Speed Scaling Platform identifies startups with high SQTM during the Pre-Series A stage and then they conduct a Speed Scale Diagnostic to understand the gaps in Scalability. Anthill then provides the Speed Scaling Interventions to take the startup to Series A within 12 months.

On the other hand, we all know YES bank, a leading bank and leading financial service provider. YES FINTECH is a platform for the bank and Fintech startups to co-create innovative solutions and partner in taking the solution to the bank’s retail and corporate customers. This is a unique program – with no upfront equity commitment sought from startups, clear focus on building solutions relevant to use-cases identified by YES BANK and providing Fintech startups access to YES BANK’s 2 million+ customer base.

Focus Area

This accelerator program has its focus mainly on the below themes and startups revolving around these themes –

  • Big Data and Analytics
  • Biometrics
  • Robotics
  • IoT
  • PaaS/SaaS
  • Forex and treasury
  • Payments
  • Customer and value added services
  • Trade Finances

The Accelerator Structure

The program is designed to go on for 15 week and is spread across to happen in four phases with 3 weeks of on-site interventions and 11 weeks off-site interventions, with each stage focusing on creating a market-ready product and a sustainable business model. The best part? While the startups participate in this program, they can continue to concentrate on their core business as well. The structure is as under –

  • Co – create: Startup and YES FINTECH will validate the applicability of the value proposition to the Focus Areas, and co-create a customized scale up plan
  • Operate: Product refinement with real customer data and create a platform for market testing & validation
  • Scale: Focus on customer engagement, acquisition and a scalable model – along with VC interactions
  • Invest and Grow: 15 week cohort concludes with demo day & pitch clinic

What’s in it for the startup participants?

While you choose to participate in this accelerator program, you will get –

  • Market access to 2 million customers
  • Mentorship and guidance at every step
  • Global outreach
  • Dual mode multi location program with online and offline interventions in Hyderabad, Mumbai and you base location
  • Access to T-Hub startup ecosystem
  • Showcase and visibility
  • Compliance and regulatory guidance

Mentors and Experts

The chief mentor of this program is Rana Kapoor – Managing Director and CEO, YES Bank. The other expert panel includes –

  • Devie Mohan – FinTech Market Strategist
  • Alok Mittal – Co – founder and CEO of Indifi
  • Sasha Mirchandani – MD and Founder of Kae Capital

Details of the program

As mentioned above, the sessions are going to happen in 3 phases –

  • Session 1 – 13th – 17th March 2017 in Mumbai
  • Session 2 – 15th – 19th May 2017, Hyderabad
  • Session 3 – 20th June 2017, Mumbai

Important Dates

  • Application Phase: Jan 9th to Feb 3rd 2017
  • Pitch to YES Fintech Board: Feb 15th and 16th 2017
  • Mentor Matchmaking: March 1st 2017
  • Cohort Launch: March 13th 2017
  • Demo Day: June 21st and 22nd 2017

Apply today as the last date for applying is Feb 3rd. You can apply here!

 

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