Mumbai Fintech Hub
 Mumbai Fintech Hub's Logo | |
| Abbreviation | MFH |
|---|---|
| Formation | 2018 |
| Headquarters | Mumbai, Maharashtra, India |
Region | Mumbai Metropolitan Region |
Key people | Suniti Nanda (chief fintech officer) S.V.R. Srinivas, IAS (Chairman) Patil Ajit Bhagwat Rao, IAS (Managing director) |
Parent organization | Government of Maharashtra |
| Website | fintech |
The Mumbai Fintech Hub is an investment platform, which was started by the Government of Maharashtra in the Mumbai Metropolitan Region.[1][2] It is an initiative by the Government of Maharashtra to promote the fintech ecosystem in the state of Maharashtra.[3][4]
As of 2019[update], the chief fintech officer is Suniti Nanda.[5]
History and overview
Mumbai Fintech Hub was founded in 2018 as an initiative to promote fintech startups by the Government of Maharashtra.[1] The accelerator programme was inaugurated by CM Devendra Fadnavis.[6]
The programme was launched in a partnership with National Payments Corporation of India (NPCI), PayU, Fino Payments Bank, IndusInd Bank, IndiaFirst Life Insurance Company, SBI General, HannoveRe, Swiss Global Enterprise, CRIF High Mark,[7] Microsoft, HDFC Bank, British High Commission[8] and Monetary Authority of Singapore,[9] PwC, NASSCOM, Indian Venture Capital Association (IVCA), and Payments Council of India (PCI), among others.[3]
In December 2018, it received 200 applications among which 13 startups were shortlisted. Some of the companies/startups who were selected under the programme are Crelytics, Bonfleet, One Wallet, Huepay, Phi Commerce, GoPlannr, M2P, Microchip Payments, Monitree, Riskcovry, Finlok, FinVu and News4Use.[6]
References
- ^ a b Dash, Sanchita (18 June 2019). "Maharashtra Government launches an investment platform for fintech startups". Business Insider.
- ^ Malik, Faisal (30 May 2018). "Mumbai to host FinTech fest on June 2–3". Hindustan Times.
- ^ a b S, Ribhu (19 June 2018). "Mumbai Fintech Hub Launches FInD Investment Platform For Startups". INC42.
- ^ "What will it take for Mumbai to become global fintech hub". Indian Express. August 2019. p. 7.
- ^ Srivastav, Shivam (30 May 2019). "How The Mumbai Fintech Hub Plans To Drive India's Need For Financial Innovation". Inc42.com.
- ^ a b "Maharashtra government picks 13 start-ups in push to Mumbai fintech hub". Indian Express. 5 December 2018.
- ^ "12 startups exhibit their innovative solutions on Mumbai FinTech Hub's Demo Day". The News Minute. 18 April 2019.
- ^ Athavale, Om (18 June 2018). "Maharashtra govt's fintech hub floats funding platform for startups". Techcircle.
- ^ Bhunia, Priyankar (1 February 2019). "MAS signs MOU with State Government of Maharashtra in India for FinTech cooperation". OpenGov Asia.
External links
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