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YES FINTECH, a start-up accelerator programme by YES BANK, has selected 12 start-ups for its 15-week-long cohort to leverage their innovations and solutions to provide sustainable and market-ready products to the bank’s customers.
The start-ups were selected from the top 35 start-ups that had participated at a two-day pitching session organised by YES BANK, which had received over 750 applications globally for the cohort.
The 12 start-ups, under domains such as payments, lending, cyber security, artificial intelligence, big data and blockchain, will go through a 15-week programme, involving three weeks of on-site interactions at Mumbai and Hyderabad and 12-week of off-site interactions, wherein the start-ups can continue to work from their home location.
The start-ups will get mentorship from industry experts, access to YES BANK’s network of 2 million, their customers, and also to funding of up to $1 million through VC partners without any upfront equity commitment.
Rana Kapoor, MD and CEO, YES BANK, said: “We are really excited about the inaugural cohort and believe the 15-week programme will provide an ideal springboard for these 12 start-ups to graduate from innovative products to scalable businesses.”
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