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Barclays' Rise announces first cohort with 10 FinTech startups

Press Trust of India  |  Mumbai 

Rise Accelerator, an innovation platform set up by Barclays and managed by Zone Startups, has announced its first cohort comprising ten FinTech startups.

The platform will provide the selected startups with access to Barclays technology, insight and expertise.

It will also offer dedicated access to on-site mentors and advisors, and enable access to international markets through the Barclays and Zone Startups networks, Rise Mumbai said in a statement here today.

Earlier this year, Barclays launched Rise Mumbai, a FinTech community comprising co-working, community, hackathons and the Accelerator.

"Rise Accelerator is an important part of the overall open innovation proposition for Barclays. Launch of the debut cohort in Rise Mumbai gives selected startups and Barclays colleagues the opportunity to work with each other on identifying innovative solutions to real problem statements," Himanshu Warudkar, Director-Head of Client Facing Technology, Investment Banking Technology India and Program Director at Rise Mumbai, said.

In addition to Rise Accelerator in Mumbai, Barclays operates its accelerator programmes in six more countries.

Zone Startups is a leading accelerator across India and Canada, working with multinationals such as GE, Rogers, Deloitte and Thomson Reuters.

A final shortlist of 10 most promising FinTech Startups from across India have been selected for the 18-week programme, during which the cohort will get to engage closely with the internal stakeholders at Barclays.

The shortlisted startups consist of four from Bengaluru, two each from Mumbai, Delhi and one each from Chennai and Hyderabad.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, October 17 2016. 19:58 IST