India FinTech Forum unveils 23 high-potential fintech startups

India FinTech Forum, a non-profit fintech advocacy group representing Indian fintech companies, this month announced 23 fintech startups that will present demos of their innovative products and services to a high-level judging panel.

The winning startup will receive the prestigious IFTA Fintech Startup of the Year award on November 30, 2022 during a one-day in-person conference in Mumbai. In another category, 6 companies incorporated before 2015 will compete for the Fintech Scaleup of the Year award.

Winners of previous IFTA editions have included well-known names like Capital Float, ZestMoney and Simpl. Past IFTA winners have amassed over $4 billion in funding from VCs to date. Nitya Sharma, co-founder and CEO of Simpl and winner of the 2020 Startup Fintech of the Year award, said, “This award is recognition of all the hard work the team has put into creating a new category of payments and of a revolutionary customer experience.

Over 1200 nominations were received for over 20 award categories from countries such as Australia, Bangladesh, Brazil, Georgia, Germany, Hong Kong, Hungary, India, Netherlands, New Zealand, Nigeria, Poland, Portugal, Singapore, Spain, Sweden and the United Arab Emirates. , United Kingdom and United States of America. The pre-selection process was more quantitative than qualitative to ensure an objective jury decision.

The 7th edition of IFTA is supported by leading entities committed to accelerating India’s fintech ecosystem, including Mumbai FinTech Hub, Perfios, Happay, CashRich, Think360.AI, EnKash, Biz2X, Ring, Dhan, JuicyScore, TransUnion CIBIL, Xoxoday and ComplyVantage.

India FinTech Forum is proud to present the following high potential fintech startups for 2022:
1. Arthan Finance ARTH (India): Arthan Finance is a new era LendingTech that strives to transform small businesses through personalized “Fit to Purpose” financial products based on AI and deep learning.
2. BankSathi (India): BankSathi is a new cutting-edge digital advisory platform that enables financial advisors to grow their digital presence and start selling financial goods online.
3. Bimaplan (India): Bimaplan’s integrated insurance platform enables partners to seamlessly provide multiple one-click insurance policies to their customers and deliver an enriched customer experience.
4. Biz2X India (India): Biz2X helps banks manage their large-scale lending operations with improved configurable loan management, service, risk analytics and customer journey.
5. BondEvalue (Singapore): BondEvalue operates BBX, the world’s first split bond exchange. Regulated as a Recognized Market Operator by the Monetary Authority of Singapore, BBX is transforming the bond market globally by enabling investors to transact fractional bonds electronically through partner banks and brokers.
6. CASHe (India): CASHe is a credit-focused financial technology platform that offers a wide range of consumer loan products and services including personal loans, BNPL, line of credit, payment and transfer to millennial employees using its proprietary credit scoring algorithm.
7. Cashfree Payments (India): Cashfree Payments enables businesses in India to perform Payment Collections, Vendor Payments, Salary Payments, Instant Loan Disbursements, E-Commerce Refunds, Claims Processing insurance, expense reimbursements, loyalty and reward payments.
8. CredAble (India): CredAble is India’s largest working capital technology platform, serving the working capital needs of India Inc. which includes large, medium and emerging enterprises, MSMEs and financial institutions.
9. Decentro (India): Decentro is a complete API banking platform where one can select the desired modules, integrate them into the sandbox and launch their product within a few weeks.
10. Financepeer (India): Financepeer specializes in tuition finance which allows educational institutions to efficiently manage their funds by paying the full year tuition fees of the student in advance while parents have the option of reimbursing in easy EMIs.
11. Fintso (India): Fintso is a comprehensive wealth management technology platform focused on providing access to retail investors, specifically the NeXT Billion, by enabling independent financial product providers (IFPPs) to access financial products, digital execution and robo-advisory. Support.
12. Finverv (India): Finverv is a SaaS platform that helps businesses integrate credit into their ecosystem through a simple plug-and-play design, and in turn, diversifies the credit portfolio of credit institutions .
13. GroMo (India): GroMo offers a unique application to its partners so that they can recommend the right financial products to customers. GroMo empowers thousands of micro-entrepreneurs, helping them earn a good income by referring financial products in their network.
14. InsuranceDekho (India): InsuranceDekho is an online platform that allows customers to compare insurance quotes from top insurance companies and purchase the insurance policy that best suits their needs.
15. KYC Hub (India): KYC Hub offers an integrated platform to automate anti-money laundering compliance and customer due diligence using artificial intelligence and data. Their AML transaction solution offers PEP and sanctions screening, blacklist screening and customer profiling functionality.
16. Multipl (India): Multipl offers a unique “Save Now, Pay Later” app through which users can save for future expenses. They get returns from the market and big brands to achieve their goals without debt and at the lowest cost.
17. New Street Technologies (India): New Street Technologies flagship product, MiFiX (Multi-interface Financial eXchange) for the BFSI sector, is a pioneering blockchain-based ecosystem that connects banks, NBFCs and other FIs across seamlessly with their clients, business correspondents and other stakeholders to manage a range of services including origination, KYC, credit bureau referral, underwriting, documentation, account opening, disbursements, collections, reconciliation, reporting, invoicing and settlement.
18. NFTBOOKS (Australia): NFTBOOKS is a platform for posting about books, magazines, paintings, etc. on the blockchain protocol. Using NFT (Non-Fungtible Token) copyright identification technology, it aims to eliminate piracy as much as possible and make products available to readers at very reasonable prices.
19. Pismo Labs (Singapore): Pismo provides an all-in-one processing platform for banking and payments. Their cloud-based platform allows teams to grow quickly and businesses to get started quickly, scaling as they grow to have a wider audience while maintaining high security and availability standards for their digital banking and payment solutions.
20. Progcap (India): Progcap is revolutionizing the way financial access is provided to underserved segments of the Indian retail economy. It uses technology and its unique delivery model to secure credit and provide underbanked semi-urban and rural retailers with access to flexible, collateral-free working capital.
21. Revfin (India): Revfin is a digital lending platform to make lending convenient and accessible to financially excluded people. Its lending platform combines traditional underwriting methods with innovative techniques such as biometrics, psychometrics and gamification.
22. Rupifi (India): Rupifi powers B2B transactions for SMEs. It is India’s first integrated finance company that operates in the B2B payments space through its B2B BNPL product.
23. Tazapay (Singapore): Tazapay is a payment platform for building trust in cross-border trade. It will provide access to various services to trade securely across borders – such as payment protection via escrow, formalization of trade agreements with digitally signed agreements, and counterparty risk assessment.

IFTA is proud to announce the finalists for IFTA Fintech Scaleup of the Year 2022:
1. Chainalysis (USA): Chainalysis offers cryptocurrency investigation and compliance solutions to global law enforcement agencies, regulators and businesses working together to combat illicit crypto activity -change. Backed by Benchmark and other big names in venture capital, Chainalysis builds trust in blockchains.
2. Chargeback Gurus (US): Chargeback Gurus provides end-to-end consumer transaction dispute management to leading brands around the world. Its team of experts offers comprehensive chargeback solutions that prevent and recover a high percentage of chargebacks while reducing the merchant’s exposure to fraud.
3. HyperVerge (India): HyperVerge provides identity verification and fraud detection solutions for businesses that operate in industries like BFSI, crypto, telecom, e-commerce, etc. and has verified over 500 million identities to date. Its AI models lead the market in precision and recall values, fine-tuned for deployments in low-bandwidth environments.
4. Profinch (India): Profinch provides technology solutions that enable financial institutions to be ready for the future. Solutions include consulting services and off-the-shelf products for 360 degree scanning and data transformation.
5. SysArc Infomatix (India): SysArc Infomatix is ​​a leading provider of FinTech software solutions that provides loan automation, funds management and other financial solutions to the lending industry.
6. Valocity Global (New Zealand): Valocity helps lenders around the world validate the value of a property before they can lend money, thanks to the best cloud-based technology and data innovation . It connects the real estate ecosystem using flexible and customizable technology to transform the entire mortgage appraisal process.

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