IFTA selects 18 FinTech startups; winner to participate in Paris FinTech Forum 2020
Oct. 23, 2019
By ET BFSI Team
India FinTech Forum has announced 18 FinTech startups who will be giving live demos to a high profile jury next month to compete for the FinTech Startup of the Year award at India FinTech Awards (IFTA) 2019, to be hosted in Mumbai on 29th Nov at the Lalit hotel.
The not-for-profit FinTech advocacy group that represents Indian FinTech companies has shortlisted — Active.Ai (Singapore); Bon Credit (India); CreditMate (India); CreditOn (India); CredoLab (Singapore); Fintuple Technologies (India); Jai Kisan (India); Lokyata (USA); Neener Analytics (France); Partnerhub Ltd (Hungary); Rewire (Israel); Riskcovry InsurTech Platform (India); Think Anlaytics(India); Valocity Global (Australia); Vested Finance (USA); Vymo (USA); Xtracap Fintech India (India); and Yobee Research (India).
“This was one of the first major awards we received and it was a great recognition of the hard work we had put into building our product and platform,” said Lizzie Chapman, Co-Founder & CEO, ZestMoney & IFTA FinTech Startup of the year 2017.
The Digital Fifth, the knowledge partner, was given the task to narrow down the top 18 FinTech startups that will be pitching on November 29, 2019.
“The depth and width of FinTechs in India have improved exponentially in the last couple of years. We had received around 400 interesting startup applications in the event, out of which we have selected 18 to demonstrate their innovation in front of 800+ attendees. We can see a new trend emerging wherein Indian FinTechs are now getting ready for entering international markets as well as foreign startups are now making inroads into India,” said Sameer Singh Jaini, Convener, India FinTech Forum’s IFTA 2019 and CEO, The Digital Fifth.
The winning startup will be awarded the prestigious IFTA FinTech Startup of the year award and will get an opportunity to participate in Paris FinTech Forum 2020.
In the past editions, winners included well-known names like Capital Float, ZestMoney and Oz Forensics. Past winners of IFTA have cumulatively raised over a billion USD in funding from VCs till date.