Rise Accelerator, which has been set up by Barclays and managed by Zone Startups, has announced its first cohort comprising 10 fintech startups. It will provide the selected startups with access to Barclays technology, insight and expertise, as well as offer dedicated access to onsite mentors and advisors, and enable access to international markets through the Barclays and Zone Startups networks. Barclays had launched Rise Mumbai, a fintech community comprising co-working, community, hackathons and the accelerator. Rise Accelerator became India’s first fintech-focused accelerator program and it is built on the pillars of Connect, Co-Create and Scale. In addition to Mumbai, Barclays operates its accelerator programs in 6 more countries and Zone Startups is a leading accelerator across India and Canada, working with multinationals such as GE, Rogers, Deloitte, Thomson Reuters etc. The 10 shortlisted startups include 4 startups from Bangalore (Customer XPS, Fund Expert, CrediWatch, MegDap), 2 each from Mumbai (RockMetric, Arrow AI), and Delhi (Capital Quant Solutions, Neuron), and 1 each from Chennai (FixNix) and Hyderabad (Anlytiqed). The startups will be co-located at Rise Mumbai – a world-class co-working space with state-of-the-art facilities, and will get an opportunity to present to investors, industry experts and strategic partners at the Rise Accelerator Demo Day scheduled for January 2017.
