Equitas Small Finance Bank launched ‘Equitech’, a fintech accelerator program aimed at the startup ecosystem. Equitech is aimed at helping fintechs curate their products and define a go-to-market strategy, LiveMint reported. The program was launched on August 7.
According to APN News, Equitech said it will focus on banking technology such as payments, lending, CASA, transaction banking, API banking, governance, and regulations as well as other technologies such as agri-tech, banking tech, clean energy, government tech, and other horizontal segments across key focus areas.
Speaking on the occasion, Mr Murali Vaidyanathan, Senior President and Country Head – Branch Banking – Liabilities, Products & Wealth, Equitas Small Finance Bank Limited, said, “The program is unique and carefully planned to support the growing entrepreneurs to achieve their goal and benefit the society. We are certain that the program will be a golden opportunity for the aspirants to learn from some of the best industry mentors and accelerate growth by allowing access to world-class infrastructure and support to develop their products and ideas. We are confident that this initiative will be promoting some of the greatest digital innovations for the future.”
“The shortlisted firms will be granted direct access to a world-class infrastructure through Equitas Small Finance Bank’s tech platform and API sandbox for product development. There will be specific cohorts along with mentors and a panel of experts, the start-ups will work closely with these experts to create their products and Equitas will provide the necessary support required from legal and regulatory aspects.” The company said during the launch.
As reported by APN News, a Fintech startup should be registered within the last 6 years as on the date of the Accelerator Program opening and should have at least 2 full-time employees. The company must present innovative products/ideas with significant advantages over current industry offerings.