Eight Startups selected for the 1st cohort of the Fintech Valley Accelerator Program

Eight Startups selected for the 1st cohort of the Fintech Valley Accelerator Program

Posted by P. Charitha on October 21st 2017

Fintech Valley Vizag, a financial technology-focussed ecosystem supported by the Andhra Pradesh government, has announced the names of the start-ups selected for the maiden edition of its accelerator Program.The first cohort of the Fintech Valley Accelerator Program in Vizag selected eight start-ups out of 20 start-ups operating in domains such as digital payments, online lending and alternative scoring models, AI and machine learning, big data, and biometric authentication. The Program is supported by the Government of Andhra Pradesh and these selected start-ups will undergo a 12-week residential Program, where they will be provided access to technology resources, mentoring on fund-raising and legal guidance, among other things. Apart from this they will also receive a grant of Rs 4 lakh each.
 
The eight start-ups selected of the 1st batch of  Fintech Valley Accelerator Program :
  1. Moneytor: Mumbai-based Moneytor leverages machine learning to improve default recovery rates, boosting efficiency of the stressed receivables market.
  2. Fingpay: This Mumbai-based startup allows customers to pay from their bank accounts or wallets at points of sale, with just a scan of the finger.
  3. Incremint: Delhi-based Incremint provides financial advisors a platform to cross-sell products to their clients.
  4. GyanDhan: GyanDhan is an online marketplace for financing of overseas education loans.
  5. TAQBit: Bangalore-based TAQBit offers cybersecurity solutions for enterprises using quantum technology.
  6. Nanobi: Nanobi is an analytics product company that caters to small and medium-sized enterprises.
  7. Heckyl Technologies: Mumbai-based Heckyl Technologies analyses structured and unstructured data in real time, and offers high-end analytics products to financial institutions.
  8. iProov: London-based iProov provides face recognition-based authentication solutions that can be used in financial services, healthcare and e-commerce.Source:VCCircle

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