The Digital Fifth (TDF), a fintech consulting firm, said it has launched a flagship accelerator programme for early-stage startups in the banking, financial services and insurance (BFSI) sector.
The startups will be mentored from experts at TDF and also allowed to present to potential investors at an upcoming summit.
TDF said they will be able to garner interest from investors and secure funding for their operations.
“With the accelerator programme, our aim is to nurture upcoming startups with our knowledge of the BFSI sector and help them with their lift-off. The programme is designed to ensure boundless networking opportunities in a transparent manner,” said Sameer Singh Jaini, founder and chief executive officer of The Digital Fifth.
The first batch of startups to be groomed under the accelerator programme will be announced in February at the Bharat Fintech Summit.
Startups in the accelerator programme will get exclusive access to TDF’s network of banks, financial services and other fintech companies as required helping them in their next step to growth and scale up.
Jaini said that a cohort of about 10 startups will be selected in the maiden batch based on a thorough review of their business model. The programme will have a key focus on enterprise fintechs providing potential solutions tailored to large institutions in the BFSI industry.
Those selected will benefit from personal mentorship from leading industry practitioners in the form of TDF’s consulting team and have a chance to present product demos to investors at the summit. They have the opportunity to raise Seed to Series A funding at the summit.
TDF said its accelerator programme will help the country’s burgeoning number of startups in the BFSI segment. Established in 2017, the firm is a consulting firm for banks, non-banking financial companies, wealth management, mutual funds and insurance sectors.
