- Applications Open: YES FINTECH operates under YES BANK, India’s fifth largest private sector bank, and is currently accepting applications to Cohort 2.
- Cohort 1 Highlights: 9 out of 10 Fintechs from the first cohort are integrating their solutions with YES BANK and doing a joint ‘go-to-market’- US$4 million + raised by cohort Fintechs post completion of the program
- Key Benefits $$$: Zero upfront equity requirement, up to US$1M funding, access to 200+ YES BANK APIs, Accelerated Go-to-market within 15 weeks to YES BANK’s 2 mn+ customer base, access to co-working space for a year and more.
SINGAPORE & MUMBAI, Sep 13, 2017 — LATTICE80, the world’s largest fintech hub based in Singapore, has been welcomed as the ecosystem partner at YES FINTECH, a Mumbai-based business accelerator for startups. YES FINTECH operates under YES BANK, India’s fifth largest private sector bank, and is currently accepting applications for its second cohort.
It is a 15 week innovation program, wherein the Bank is looking for solutions in the following sectors- lending, digital payments, real time reporting, smart decisioning, process automation, cybersecurity and Wealthtech & Investech. Benefits of the YES FinTech programme include:
- Zero upfront equity commitment with US$1 million funding available to startups via VC Partners;
- Access to 200+ YES BANK APIs, go-to-market with YES BANK to their 2 mn+ customers & 10000+ corporate clients, free of cost access to co-working space for a year, mentorship on global markets and funding access;
- Exclusive international exchange immersion programs for select startups that includes visit to respective markets to understand local the fintech landscape and enable market entry.
Rana Kapoor, Founder & CEO of YES BANK“, said: “YES BANK has clearly identified its key focus areas as part of our digital transformation journey including Blockchain, Behavior based cyber security, AI and ML, Big data analytics and biometrics across various front, mid and back end operations of the bank. Our ecosystem partnership with LATTICE80 will help us create a borderless ecosystem, to bring in global Fintech solutions focusing on these domains for our customers in India. The ecosystem will also provide global market access for Indian Fintechs in these domains.”
Joe Seunghyun Cho, CEO of LATTICE80, said: “YES FINTECH has done well to become the first bank-led accelerator in India to on-board multiple global partners. LATTICE80 is pleased to be YES FINTECH’s ecosystem partner. With our base in Singapore and global network, we are confident of being able to help YES BANK’s fintech teams access Singapore, and the Asia region more broadly, as part of their international expansion plans. Singapore has emerged as one of the world’s leading fintech hubs, and we would be pleased to support their teams open their businesses here.”
LATTICE80 is the world’s largest Fintech Hub, located in Singapore. LATTICE80 prides itself on creating an ecosystem for fintech startups to collaborate, connect and co-create. The mission of the independent not for profit hub is to offer Fintech companies the opportunity to tap on the rich network and resources to develop smart technologies and springboard to international success. It boasts an impressive technological infrastructure that corporate members can leverage & lay a foundation to create a truly unique world-class community.
About YES BANK
YES BANK, India’s fifth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India. YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. YES BANK has a knowledge driven approach to banking, and offers a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “BUILDING INDIA’s FINEST QUALITY BIG BANK by 2020”.
To know more about YES FINTECH – Click here and APPLY NOW!