India’s RBL Bank calls for fintech start-ups
RBL Bank, Startup India and Invest India are inviting fintech start-ups to apply for its mentorship programme InFinIT 20.
InFinIT 20 offers funding and mentorship from the leadership team of RBL Bank, and it will select 20 firms for a three-month period. The initiative will help these start-ups in their early stages to “build meaningful strategies and successful businesses”.
The bank believes investment is “not the primary factor contributing to a successful business – mentorship and good strategy play a critical role as well”.
Its sectors of interest include insurtech, wealth management, agri-finance, financial inclusion, digital payments, digital contracts, digital lending, artificial intelligence (AI) and blockchain.
RBL Bank executive director Rajeev Ahuja says: “We are a young bank and a lot of our own growth and scaling up has been because of our own start-up mentality. We have partnered with almost 1.000 plus start-ups across the spectrum providing them with variety of services. India is a young country where many dream to start a new business.”
You can get more details and apply here.
More from Mumbai
Last year, six graduating start-ups from Startupbootcamp FinTech Mumbai secured pilots with banks and corporates such as RBL Bank, ICICI Bank and State Bank of India (SBI).
RBL is based in Mumbai and was founded in 1943. It offers credit cards, loans, money transfers, and savings accounts.
The bank says it has over 3.54 million customers through a network of 246 branches and 393 ATMs across 20 Indian states and union territories.
