InFinIT 20 presents an unparalleled opportunity for Finance Technology Startups – a chance to get full-fledged mentorship from the leadership team of RBL Bank, one of India’s fastest growing small bank. India’s Fintech space is currently going through a wave of innovation & entrepreneurship. RBL Bank is extremely excited to partner with Startup India & Invest India to nurture select 20 creative innovators over the duration of 3 months. The initiative will help these startups in their early stages to build meaningful strategies and successful businesses.
About RBL Bank: One of India’s fastest growing private sector banks, which offers specialized services under six business verticals namely: Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Agribusiness Banking, Development Banking & Financial Inclusion, Treasury and Financial Markets Operations. It currently services over 3.54 million customers through a network of 246 branches and 393 ATMs spread across 20 Indian states and Union Territories.
Applications are now closed
Specialized Domains

InsuranceTech

Wealth Management

AgriFinance

Financial Inclusion

Digital Payments

Digital Contacts

Digital Lending

Artificial Intelligence

Block Chain
Terms & Conditions
- Applications open on 1st Feb 2018 & close on 7th Mar 2018.
- What the selected teams get:
- Mentorship for 3 months in two skills (the areas you most need mentorship in)
- Opportunity to network with Industry Specialists
- Banking Assistance from RBL Bank
- Early Traction & Scaling startups will be additionally given an opportunity to present their ideas to our investor partners for fundraising & feedback
- RBL Bank will assign relevant mentors to the selected teams basis the preferred areas of mentorship indicated by them during application.
- These areas of mentorship include Product Development and Technology, Customer Acquisition, Fundraising, Branding & Marketing, Compliance & Legal Aspects, and Human Resource Management.
- Every selected team will receive a minimum of 10 hours of mentorship over 3 months from the program’s mentor panel & partners. The duration and frequency of each mentorship session will be mutually decided by the respective mentor(s) and selected team.
- If convenient to both the selected team and mentor, the mentorship sessions shall be through physical meetings. If not, the mentorship sessions shall be held virtually (through video conferencing or calls).
- Ownership of any IP generated by program participants will accrue solely to those participants.
For any queries, please write to us at palak.bhatia@investindia.org.in or call us at our toll-free number 1800115565.
Note: Application form is accessible after you register & complete your profile on the Startup India Hub. All profiles are initially placed under moderation and are approved within 48 hours, upon which you will receive an email.
Sector Overview
- FinTech sector globally is likely to continue its current growth trajectory, with a prediction to touch USD 45 billion by 2020 at a Compound Annual Growth Rate (CAGR) of 7.1%
- The Indian fintech software market is expected to double from current $1.2 bn to $2.4 bn by 2020
- The financial services market in India is primarily untapped, with 40% of the population having no association with any bank and more than 80% of the transactions carried out through cash
- The transaction value for the Indian Fintech sector is likely to touch USD 73 billion in 2020, growing at a five-year CAGR of 22%
- Fintech investment in India increased manifold from USD 247 million in 2014 to more than USD 1.5 billion in 2015
- India is witnessing increasing interest levels in start-up funding, which is evident by increasing number of angel deals from 370 in 2014 to 691 in 2015