18 January 2017 Current Affairs: YES Bank has launched YES FINTECH, an exclusive accelerator programme for fintech start-ups. The bank has called for applications for the 15-week maiden programme. About 12 start-ups will be hand picked for the programme.
The bank has tied up with start-up incubator T-Hub, Anthill Ventures and LetsTalkPayments to start the programme.
They (start-ups) are supposed to come once a month; the rest of the days, they can connect with the mentors online,” said Prasad Vanga, founder and Chief Accelerator, Anthill. The bank, along with its partners, held an event at the T-Hub on Tuesday to discuss the programme, and the pain points, challenges and opportunities in running a start-up.
The dual-location programme (based in Mumbai and Hyderabad) will support and nurture start-ups that can provide disruptive solutions in financial services delivery. It will also offer access to funding.
Taking part in a session, investor Sateesh Andra urged start-ups to make themselves desirable for investments. “You need to spend some time in understanding some basic things such as term sheets, legalities and regulations before going to an investor.