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History and overview

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{{Infobox organization
| name = Mumbai Fintech Hub
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| logo =Mumbai Fintech.jpg
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| logo_caption =Mumbai Fintech Hub's Logo
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| abbreviation = MFH
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| formation = 2018
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| headquarters = Mumbai, Maharashtra, India
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| region = [[Mumbai Metropolitan Region]]
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| key_people = Suniti Nanda (chief fintech officer)<br> S.V.R. Srinivas, [[Indian Administrative Service|IAS]] (Chairman)<br> Patil Ajit Bhagwat Rao, [[Indian Administrative Service|IAS]] (Managing director)
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| parent_organization = [[Government of Maharashtra]]
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| website = {{URL|https://fintech.maharashtra.gov.in/}}
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}}
The '''Mumbai Fintech Hub''' is an [[investment platform]], which was started by the [[Government of Maharashtra]] in the [[Mumbai Metropolitan Region]].<ref name=news>{{cite news |last1=Dash |first1=Sanchita |title=Maharashtra Government launches an investment platform for fintech startups |url=https://www.businessinsider.in/mumbai-fintech-hub-launches-find-an-investment-platform-for-startups/articleshow/69842098.cms |publisher=[[Business Insider]] |date=June 18, 2019}}</ref><ref>{{cite news |last1=Malik |first1=Faisal |title=Mumbai to host FinTech fest on June 2–3 |url=https://www.hindustantimes.com/mumbai-news/mumbai-to-host-fintech-fest-on-on-june-2-3/story-4mj8LgknxxUFtetzXFd8eM.html |publisher=[[Hindustan Times]] |date=May 30, 2018}}</ref> It is an initiative by the [[Government of Maharashtra]] to promote the fintech ecosystem in the state of [[Maharashtra]].<ref name=newsss>{{cite news |last1=S |first1=Ribhu |title=Mumbai Fintech Hub Launches FInD Investment Platform For Startups |url=https://inc42.com/buzz/mumbai-fintech-hub-launches-find-investment-platform-for-startups/ |publisher=INC42 |date=June 19, 2018}}</ref><ref>{{cite news |title=What will it take for Mumbai to become global fintech hub |url=https://issuu.com/indianexpressgroup/docs/ec-aug-2019 |publisher=[[Indian Express]] |date=August 2019 |pages=7}}</ref>

The current chief fintech officer is Suniti Nanda.<ref>{{cite news |last1=Srivastav |first1=Shivam |title=How The Mumbai Fintech Hub Plans To Drive India’s Need For Financial Innovation |url=https://inc42.com/features/how-the-mumbai-fintech-hub-plans-to-drive-indias-need-for-financial-innovation/ |publisher=Inc42.com |date=May 30, 2019}}</ref>

== History and overview ==
Mumbai Fintech Hub was founded in 2018 as an initiative to promote fintech startups by the [[Government of Maharashtra]].<ref name=news/> The accelerator programme was inaugurated by CM [[Devendra Fadnavis]].<ref name=newss/>

The programme was launched in a partnership with [[National Payments Corporation of India]] (NPCI), [[PayU]], Fino Payments Bank, [[IndusInd Bank]], [[IndiaFirst Life Insurance Company]], [[State Bank of India|SBI General]], HannoveRe, Swiss Global Enterprise, CRIF High Mark,<ref>{{cite news |title=12 startups exhibit their innovative solutions on Mumbai FinTech Hub’s Demo Day |url=https://www.thenewsminute.com/article/12-startups-exhibit-their-innovative-solutions-mumbai-fintech-hub-s-demo-day-100269 |publisher=[[The News Minute]] |date=April 18, 2019}}</ref> [[Microsoft]], [[HDFC Bank]], [[British High Commission]]<ref>{{cite news |last1=Athavale |first1=Om |title=Maharashtra govt’s fintech hub floats funding platform for startups |url=https://www.techcircle.in/2019/06/18/maharashtra-govt-s-fintech-hub-floats-funding-platform-for-startups |publisher=Techcircle |date=June 18, 2018}}</ref> and [[Monetary Authority of Singapore]],<ref>{{cite news |last1=Bhunia |first1=Priyankar |title=MAS signs MOU with State Government of Maharashtra in India for FinTech cooperation |url=https://www.opengovasia.com/mas-signs-mou-with-state-government-of-maharashtra-in-india-for-fintech-cooperation/ |publisher=OpenGov Asia |date=February 1, 2019}}</ref> [[PricewaterhouseCoopers|PwC]], [[NASSCOM]], Indian Venture Capital Association (IVCA), and Payments Council of India (PCI), among others.<ref name=newsss/>

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.<ref name=newss>{{cite news |title=Maharashtra government picks 13 start-ups in push to Mumbai fintech hub |url=https://indianexpress.com/article/cities/mumbai/maharashtra-government-picks-13-start-ups-in-push-to-mumbai-fintech-hub-5478851/ |publisher=[[Indian Express]] |date=December 5, 2018}}</ref>

== References ==
{{reflist}}

== External links ==
* {{URL|https://fintech.maharashtra.gov.in/|Official website}}

[[Category:Government of Maharashtra]]
[[Category:Business incubators of India]]
[[Category:Entrepreneurship in India]]
[[Category:2018 establishments in Maharashtra]]
[[Category:Organisations based in Mumbai]]
[[Category:Business organisations based in India]]

{{India-stub}}

Mumbai Fintech Hub - Revision history

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223.236.177.74: /* History and overview */