Private Equity

Incubation/Acceleration

CIIE.CO's Financial Inclusion Lab to support 8 fintech startups

MyBigPlunge  

IIM-Ahmedabad based CIIE.CO, the innovation continuum, has shortlisted eight startups for the Financial Inclusion Lab, an accelerator for inclusive fintech, skilling and livelihood focused startups launched under its Bharat Inclusion Initiative (BII). The selected startups will receive INR 25 lakh each for product development and market validation, curated sessions by IIM-A faculty and expert practitioners, field studies, as well as opportunity to access seed capital via Bharat Inclusion Seed Fund. Three out of the eight startups also have women entrepreneurs as co-founders. The 8 fintech startups selected are: Money Purse: aims to redefine banking and financial services for Self Help Groups through an assisted and door-step based model. Finequs: aims to bridge the credit access gap and other financial services through QR codes at neighbourhood kirana stores. Rydo: enables financial inclusion for autorickshaw drivers in tier-2 and tier-3 cities through an app that also helps increase their income. Roopya (B2C) and Roopya Money (B2B): a SaaS-powered platform for digital loan origination, lead sharing and portfolio monitoring. ChhotaStock: aims to provide access for users to curated equity instruments through an embedded model and gamified experiences. Gullak: offers a goal-based savings platform built atop a savings account to help individuals manage and monitor their finances. PehchaanPe: works with partners to offer micro-entrepreneurs with financial and market linkage through its payments and credit enablement solution. Kaarigarmandi: a B2B marketplace for the footwear industry that enables upskilling of artisans and connects them with demand centers across India.