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12 Start-Ups Exhibit Their Innovative Solutions on Mumbai Fintech Hub’s Demo Day

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India’s position as the world’s second largest FinTech hub is a direct reflection of the monumental progress made by various start-ups in the lending, payments, investments, insurance and personal finance management space. To further foster next-generation innovation, the Government of Maharashtra introduced Mumbai FinTech Hub to enable financial empowerment and technological advancement by nurturing start-ups with the potential to scale.

Mumbai FinTech Hub’s vision to catalyse growth was curated by The FinTech Meet-up through the introduction of Mumbai FinTech Accelerator. It is a unique public-private partnership between the government of Maharashtra, National Payments Corporation of India (NPCI), PayU, Fino Payments bank, IndusInd Bank, IndiaFirst Life Insurance Company, SBI General, HannoveRe, Swiss Global Enterprise and CRIF High Mark.

Mr. Abhishant Pant (Founder, The FinTech Meet-up) said, “Access to market, Funding and financial services talent is key to the growth of Fintech Industry and Mumbai wins hands down on all of these parameters. MFA built by the FinTech Meet-up is an attempt to act as a catalyst in achieving the above objective.”

Post the launch of Mumbai FinTech Accelerator programme in September last year, they received over 200 applications of which 12 were finalised for the debut cohort in December 2018. The agenda for the selected start-ups was to work closely with various stakeholders for the next three months and present their innovative solutions to investors on Demo Day. With the FinTech Meet-up as the anchor partner responsible for operationalizing the programme, the selected start-ups were working on solutions across financial services such as insurance, payment getaways, real-time data analysis, InvestTech, lending etc. Not only has the Mumbai FinTech Hub Accelerator programme granted these start-ups direct access to multiple industry partners but has also presented them with the opportunity to collaborate with Government of Maharashtra and other regulators.

Ms. Suniti Nanda, FinTech Officer, Mumbai FinTech Hub said, “Our focus from the start has been to actively operationalise the start-up ecosystem and provide avenues for next-generation innovation across financial services. Most start-ups need an environment suitable to sustain growth. The true potential of start-ups in India needs to be unlocked through increasing financial access, facilitating digitisation of processes, and collaborating with incumbents in the industry, which has been the agenda of Mumbai FinTech hub. We aim to cultivate an atmosphere that fosters easy adoption of technological innovations through a solution-centric approach.”

A short synopsis of the 12 selected start-ups:

       1. BON Fleet

BON Fleet has dedicated itself to provide credit for the self-employed, gig-economy and under-served audiences of the world. With the mission to provide these determined workers easy access to financial services, this Pune-based FinTech firm has created a credit card with a cashless expense management app to help provide and efficiently manage working capital

2. Paperking

Paperking is India’s first mobile app for newspaper vendors to help take their offline business online. By enabling paperless auto generated e-bills either through SMS or WhatsApp, this unique app attempts to minimize the time and maximize the earning potential of these vendors. With payments being done online that go directly to the bank account, it is helping vendors build a healthy financial portfolio and become eligible for business and personal enhancement through loans, cards, and other bank facilities

3. HuePay

HuePay has been transforming micro finance to serve the semi-urban and rural areas by helping smaller financial institutions run their business from a simple online dashboard. A streamlined process not only optimizes operations holistically but also accounts for end-to-end lifecycle management of the customer

4. PhiCommerce

PhiCommerce is a multi-purpose payments platform that helps businesses and consumers move up the digital payment curve by optimising operational efficiency. Within a short time, it has established itself as a company that has been actively democratising digital payments across socio-economic segments

5. YAP

Driving adoption of new and efficient payment methods (from prepaid cards to UPI) for consumers and businesses alike is YAP, the world’s first payment as a service platform. Backed by leading banks in India, most financial services companies rely on YAP to run their payment processes for seamless integration

6. Jarvis

Jarvis is an artificial intelligence that has been designed to eliminate bias and provide investment solutions unique to consumer’s preferences and financial needs. Not only does it monitor the equity model carefully but also presents consumers with a personalized portfolio at low cost, real time reporting and a meticulously designed risk management model

7. Finlok

Finlok is India’s first Group Saving App that is empowering users to bring their social network together to save money. It acts largely like a personal bank wherein individuals within a particular group can get together to save, get credit within their group and earn returns

8. News4Use

News4Use is unique in its proposition since it uses data from property public notices to ensure that a financial institution lending against a property or an owner is protected from any risks. It works in two phases – N4U PREVENT Pre disbursement of loan (identify and avoid lending against property with unacceptable public notice) and N4U PROTECT Post disbursement of loan (alert the lender if any public notice is published for the said mortgaged property)

9. GoPlannr

GoPlannr aims to simplify insurance with help from handpicked local advisors and smart technology. The AI-powered assistant serves as a single point of contact providing consumers hassle-free solutions and advice for all their insurance needs

10. Microchip Payments

Microchip Payments has built a unique mobile application and SDK, ‘PayEasy’ which attempts to solve the problem of India’s lack of strong internet connectivity in remote areas using data over voice technology. PayEasy makes use of voice call network to make transactions. It also follows RBI Guidelines and PCI compliance and is more secure due to the preferred nature of the voice channel

11. Riscovry

Riscovry with its distinctive tech-driven platform not only aims to sell insurance but enables users to discover their own risks and curate an insurance cover that is unique to each individual. Being simple and transparent, Riscovry covers a whole array of products from business to the personal finance space making it one of the most exhaustive insurance providers

12. Crelytics

Crelytics is an AI-powered loan management solution platform that aims to support end-to-end credit lifecycle across various types of loans, thereby empowering businesses to lend and collect faster and better. The platform’s analytics and prediction suite ensures optimum risk control allowing financial institutions customise credit score for their respective cohorts.

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ASUS ROG Announces ROG Masters Asia Pacific eSports Tournament

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ASUS ROG will host its first ROG Masters Asia Pacific eSports tournament from March to April 2021. Due to COVID-19 pandemic affecting travel around the region, the tournament will be conducted entirely online, with quarterfinal to final matches livestreamed.

The ROG Masters tournament will feature Counter-Strike: Global Offensive (CS:GO) as the official game title will provide opportunity to teams with enthusiastic players to pitch their skills against each other, as well as the best professional teams from their market and in the region.

Tournament Structure

The tournament will see various teams from 15 markets across the region vying for the chance to be crowned as the first ROG Masters Asia Pacific Edition CS:GO Champion. 

The tournament will be played in three stages played over the course of 2 months:

  • Country qualifiers
  • Country finals
  • Asia Pacific finals

Country qualifiers matches for India will start in the second week of April 2021; 8th April and the finals to be held on the 10th April. The India finals to find the top three teams to represent the country will be livestreamed live on 10th April.

Professional teams from across the region will be automatically placed into seeded positions in the country finals. This gives a greater chance for non-professional, enthusiast teams from India to get through the qualifiers and meet the pro teams in the country finals. 

Country Champions will then go on to experience battling winning teams from other APAC markets in the finals that will be livestreamed during 22nd to 25th April 2021.

Prizes

3 qualifying teams from India finals will stand to win US$800 for first place, US$400 for second place, US$200 for third place. They will then go on to the Asia Pacific finals with the chance to win the following prizes for the championship:

ROG Masters APAC ChampionshipAPAC Finals (USD/ team)
1st$10,000
2nd$3,500
3rd$1,500

Registration and Official Tournament Website

Registration for the first ROG Masters Asia Pacific tournament opens on February 8, 2021 at the tournament’s official website.

Registration closes on February 28, 2021 Further details, match schedules, pro team information as well as rules and regulations can also be found on the tournament website.

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Garena Launches Free Fire South Asia Showdown: Battle of the Stars

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Garena has announced the Free Fire South Asia Showdown: Battle of the Stars, Free Fire’s first-ever esports tournament for the South Asia region. Taking place on 6 February, the tournament will feature some of the gaming community’s favourite Free Fire streamers and personalities from India, Pakistan, Nepal, and Bangladesh.

The Free Fire community has continued to expand in South Asia and across the world, with the mobile battle royale game the most downloaded mobile game globally in 2020, according to App Annie. Through the Free Fire South Asia Showdown: Battle of the Stars, Garena will look to continue its efforts to excite and delight its fast-growing South Asian community with exciting Free Fire content, and to support and develop the incredible online community in the region.

Tournament Format

The Free Fire South Asia Showdown: Battle of the Stars will feature a total of 12 teams. Each team will be led by one of the top 3 streamers from each of the 4 participating nations – chosen by public voting – in this epic clash to determine the best in the region. 

The 12 teams will compete in the Battle Royale Squad mode for a slice of the 1 million diamond prize pool. The ultimate winner of this star-studded tournament will receive 500,000 in-game diamonds; the first and and second runners-up will be awarded 300,000 and 200,000 diamonds respectively. 

Invited Teams

The Free Fire South Asia Showdown: Battle of the Stars will feature some of the most popular streamers and personalities from across South Asia. 

The team captains for each nation are: 

India

  • Total Gaming (19.4 Million YT Subs)
  • Desi Gamers (7.8 Million YT Subs)
  • Two-Side Gamers (6.85 Million YT Subs)

Bangladesh

  • Gaming with Nayeem (1.6 Million YT Subs)
  • Illusionist YT (479K YT Subs)
  • Gaming With Zihad (698K YT Subs)

Nepal 

  • Sooneeta (3.26 Million YT Subs)
  • Bshow Mgr (399K YT Subs)
  • Tonde Gamer (2.37 Million YT Subs)

Pakistan

  • RKG ARMY (1.77 Million YT Subs)
  • Unusual Gamer (81K YT Subs)
  • The Skinzo FF (75.5K YT Subs)

Broadcast Details:

Fans can witness all the high-octane action by tuning in to the live broadcasts of the Free Fire South Asia Showdown: Battle of the Stars. These will be hosted on Free Fire Esports India YouTube and Facebook, Free Fire Bangladesh Official YouTube and Facebook, as well as on BOOYAH!. 

To cater to the diverse South Asian community, the matches will be streamed with live commentary in 5 languages – Bengali, English, Hindi, Nepali and Urdu.

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Top Gaming Accessories for Ultimate Gaming Experience

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Witnessing the consumer behaviour being impacted drastically last year, the year 2021 has welcomed an immense lifestyle change for gamers. Gaming has been one of the sectors that witnessed a spike like never before. From casual gamers to professional gamers, the segment realised immense growth in a matter of a few months. A lot of people opted for gaming for the first time with more time in hand, while amateur gamers worked on their skills to shift to pro-level. Owing to ‘isolate and chill’ mode to beat the anxiety and paranoia, a lot of people moved to ‘Play@Home’ and for many, it was rekindling their old gaming habits with the bountiful time in their grasp.

While gaming serves as a boosting engagement, it is important to have the kit and accessories to ensure the seamless and immersive experience of gaming. Especially for those who have just adopted gaming as a new hobby and do not want to invest steeply in buying the expensive accessories, we bring a perfect start-up kit to you that is sure to pave your path to the next level

Logitech G331: Enjoy the whole experience of all your favorite games with Logitech G331 gaming headset that produces big sound to get you into the game. Experience the thrill of a complete gaming experience where you hear everything and everyone hears you. The 6 mm mic ensures that your squad-mates can hear you clear and distinct. It also has an option of Flip-to-mute boom that silences you when you don’t want to be heard. The headphone is all set to work with your PC or Mac or with gaming consoles including PlayStation 4™, Xbox One™, Nintendo Switch™, and mobile devices via 3.5 mm cable. In fact, everything about these headphones is about comfort: The deluxe lightweight leatherette ear cups and headband are made to keep pressure off your ears that is available at Amazon.in at an offer price of INR 5995 .

Logitech G213: Sitting at your gaming desk in front of your gaming monitor might be the way for most PC gamers, but unless you’ve got a killer set-up with a solid keyboard, it may still not satiate your gaming soul. With a RGB color spectrum illumination lets you easily personalize up to 5 lighting zones from over 16.8 million colors to match your style and gaming gear, the Logitech G213 ensures you have a great customisable gaming experience. The G213 comes with a  performance that is up to 4x faster than standard keyboards and features keys that are specially tuned to deliver a superior tactile experience. The dedicated media control allows you to quickly play, pause, skip and adjust the volume of music right from the keyboard. the brilliant color spectrum. The G213 also offers 12 function keys with custom commands and more with free Logitech gaming software. This keyboard is available at Amazon.in at an offer price of INR 4995

Logitech G102 LIGHTSYNC: It is of paramount importance to have an exact grip and size while using a gaming mice. With LIGHTSYNC RGB lighting across, Logitech G102 is designed to work seamlessly in any system to enhance your gaming experience. The classic six-button design provides both comfort and confidence that can be customised across 16.8 million colours so you can explore, cast spells, and play just like you want. With 8,000 DPI sensor – The gaming-grade sensor responds precisely to your movements. But if you’re looking to fine-tune controls, free-to-download customization software is easy to use and set up with Logitech G HUB software. it is a complete customization suite that allows you to personalize lighting, sensitivity, and button commands on your G102 mouse. It is available in Amazon.in at an offer price of INR 1985.

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