Recently, Yes Bank came up with the launch of YES FINTECH Accelerator in a partnership with T-Hub as well as Anthill accompanied by Let’s Talk Payments as a knowledge partner. This exclusive program is basically created for providing a platform to the bank and Fintech startups in order to together create and innovate solutions which will ultimately help banks in paving new avenues of bank’s wide retail and corporate customer database.
Anthill is a venture capitalist firm based in Hyderabad which works in the field of assisting early stage startups with adequate funds so that they can excel in the long run of business without any financial constraints. Anthill works through its
Speed Scaling Platform which helps the firm identify and select startups with high SQTM midst the period of Pre-Series A stage. Once these startups have been identified, the firm conducts a Speed Scale Diagnostic in order to confer the distance in scalability. Further, Anthill assists the startup through Speed Scaling Interventions in order to to escalate the startup to Series A within a short span of 12 months.
On the other hand, it is a known fact that Yes Bank is one of the leading bank as well as financial service provider. In this context, YES FINTECH works towards providing banks as well as Fintech firms with a platform to work upon the solutions of various bank’s retail and corporate customers. This program is a unique idea in itself as it doesn’t sought any equity commitment from startups and works towards building solutions in relevance with use-cases identified by YES BANK and henceforth provide such Fintech startups access to YES BANK’s huge customer base of more than 2 million.
The program is structured in a way that it is spread over a period of 15 weeks and is supposed to be conducted in four exclusive phases accompanied with 3 weeks of on-site interventions and 11 weeks off-site interventions. Here, each stage shall focus on developing a market-ready product as well as creating a sustainable business model.