Mumbai, 26th December 2023 India’s first fintech consulting firm The Digital Fifth (TDF) has announced a flagship accelerator program for early-stage startups in the banking, financial services and insurance (BFSI) sector.
The first batch of startups to be groomed under the accelerator program will be revealed on February 7, 2024, at the Bharat Fintech Summit. TDF is currently accepting applications from startups till January2.
Selected startups will receive insightful mentorship from experts at TDF and also get a chance to present to potential investors at the upcoming summit. They will be able to garner interest from investors and secure funding for their endeavors.
“With the accelerator program, our aim is to nurture upcoming startups with our knowledge of the BFSI sector and help them with their lift-off. The program is designed to ensure boundless networking opportunities in a transparent manner,” said Sameer Singh Jaini, founder and chief executive officer of The Digital Fifth
Startups selected in the accelerator program will get exclusive access to TDF’s wide network of banks, financial services and other fintech companies as required for their next step to growth and scale up.
Jaini said that a cohort of about10 startups will be selected in the maiden batch based on a thorough review oftheir business model. The program 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/give product demos to investors at the summit. They have the opportunity to raise Seed to Series A funding at the summit.
TDF’s accelerator program will be a shot in the arm for the country’s burgeoning number of startups in the BFSI segment. Established in 2017, TDF is a consulting firm for banks, non-banking financial companies, wealth management, mutual funds and insurance sectors.