Around a month from now, on November 29, 2019, the India FinTech Awards (IFTA) 2019 will be taking place at Mumbai. The 18 fintech startups that will line up for this coveted award have since been shortlisted. The event and the selection are being handled by a non-profit organisation, India FinTech Forum. These 18 fintech startups will make their respective presentations to the high-profile jury, which will then make its decision on the best of the lot. There may be around 800 invitees to the event to be held in a Mumbai Hotel.
These 18 have been chosen out of 400 fintech startups from within the country and overseas, that had applied for the award. In that light, this is a global event and award. Some of the other countries from where fintech startups had applied include the US, France, Hungary and Israel.
These are the 18 fintech startups in alphabetical order:
1. Active.Ai (Singapore)
2. Bon Credit (India)
3. CreditMate (India)
4. CreditOn (India)
5. CredoLab (Singapore)
6. Fintuple Technologies (India)
7. Jai Kisan (India)
8. Lokyata (USA)
9. Neener Analytics (France)
10. Partnerhub Ltd (Hungary)
11. Rewire (Israel)
12. Riskcovry InsurTech Platform (India)
13. Think Anlaytics (India)
14. Valocity Global (Australia)
15. Vested Finance (USA)
16. Vymo (USA)
17. Xtracap Fintech India (India)
18. Yobee Research (India)
Each of these startups has a model it employs in the fintech space; some are into lending, many provide a host of services using technology.
Once the winning startup is chosen and is crowned the prestigious IFTA Fintech Startup of the Year, the company will also get an opportunity to be a part of Paris Fintech Forum 2020.
Some of the past winners include popular names like Capital Float, ZestMoney and Oz Forensics. These winners at IFTA have gone on to raise over a billion US Dollars in funding from venture capitalists till date.
The India FinTech Forum claims it offers a platform for fintech companies to collaborate and voice opinion on the relevant policy issues.