Mumbai Fintech Hub

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Mumbai Fintech Hub
File:Mumbai Fintech.jpg
Mumbai Fintech Hub's Logo
AbbreviationMFH
Formation2018
HeadquartersMumbai, 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
Websitefintech.maharashtra.gov.in

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]

The current chief fintech officer is Suniti Nanda.[5]

History and overview[edit]

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[edit]

  1. ↑ 1.0 1.1 Dash, Sanchita (June 18, 2019). "Maharashtra Government launches an investment platform for fintech startups". Business Insider.
  2. ↑ Malik, Faisal (May 30, 2018). "Mumbai to host FinTech fest on June 2–3". Hindustan Times.
  3. ↑ 3.0 3.1 S, Ribhu (June 19, 2018). "Mumbai Fintech Hub Launches FInD Investment Platform For Startups". INC42.
  4. ↑ "What will it take for Mumbai to become global fintech hub". Indian Express. August 2019. p. 7.
  5. ↑ Srivastav, Shivam (May 30, 2019). "How The Mumbai Fintech Hub Plans To Drive India's Need For Financial Innovation". Inc42.com.
  6. ↑ 6.0 6.1 "Maharashtra government picks 13 start-ups in push to Mumbai fintech hub". Indian Express. December 5, 2018.
  7. ↑ "12 startups exhibit their innovative solutions on Mumbai FinTech Hub's Demo Day". The News Minute. April 18, 2019.
  8. ↑ Athavale, Om (June 18, 2018). "Maharashtra govt's fintech hub floats funding platform for startups". Techcircle.
  9. ↑ Bhunia, Priyankar (February 1, 2019). "MAS signs MOU with State Government of Maharashtra in India for FinTech cooperation". OpenGov Asia.

External links[edit]


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