|   Fintech


  |   Fintech


10 Fintech startups shortlisted for Barclays’ Rise Mumbai Accelerator

Rise Accelerator, a fintech accelerator programme started by Barclays, has announced its first cohort in India which comprises of 10 fintech startups, INC42 reported.

During the 18-week programme, the startups will get an opportunity engage closely with internal stakeholders at Barclays and work on a focused POC. In addition, they will also get access to Barclays’ technology, mentors and advisor support, along with a chance to reach international borders through the Barclays and Zone Startups Network.

Earlier this year, Barclays announced the launch of Rise in India. Rise is a network of physical spaces and a virtual community designed to bring together the world’s brightest thinkers and doers to create the future of financial technology. In addition to Mumbai, India, Barclays has taken the Rise programme to London, Manchester, New York and Cape Town Rise hubs and Tel Aviv.

“Post the launch, the Rise Accelerator team and Barclays conducted roadshows across six cities in India, and several international webinars, to attract entries. After three months of programme marketing, we received 236 applications, including several international entries”, Ajay Ramasubramaniam, Director, Zone Startups said.

The startups that made it to the final list include:

ArrowAI: Its bot based applications can be used for various things like automating processes, executing workflows, and reporting.

Capital Quant Solutions: It offers products and services for big data analytics and trading strategies for markets.

CrediWatch: It provides integrated web-based business monitoring, compliance analytics, and reporting for banks, institutional investors, and corporations.

CustomerXPs: An enterprise software product company that offers real-time multi-channel enterprise fraud and customer experience management products for global tier 1 banks.

MegDap: Founded by two Microsoft guys, this startup focuses on bringing the power of Online Commerce to the non-English speaking audience. It aims to create a technology platform, products & tools that enable real time delivery of content in multiple local languages.

RockMetric: A customer data management and analytics platform that helps users to create a unified user profile across web, mobile, email, telephony, support, CRM, social and other tools to drive innovation in customer experience.

In addition, Neuron, FixNix and Anlytiqed have also made the cut. According to INC42, the startups will be co-located at Rise Mumbai and will get an opportunity to present to investors, industry experts, and strategic partners at the Rise Accelerator Demo Day scheduled for January 2017.

“Rise Accelerator is an important part of the overall open innovation proposition for Barclays. Launch of the debut cohort in Rise Mumbai gives selected startups and Barclays’ colleagues the opportunity to work with each other in identifying innovative solutions to real problem statements. Rise Mumbai, in partnership with Zone Startups, is looking forward to welcome and engage with these startups over the next few months and make them a part of our community”, Himanshu Warudkar, Director – Head of Client Facing Technology, Investment Banking Technology India & Program Director – Rise Mumbai, said.

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