Axis Bank has partnered with Venture Catalysts, an integrated incubator, to provide seamless corporate banking services to the startup community. The partnership aims to provide financial support and technology-based solutions to enable startups to scale up their businesses and manage their existing processes in a more cost efficient and tech savvy manner. Apart from incubating and providing support to upcoming startups, VCAT will also provide mentoring and expertise imperative to hone business ideation. Additionally, for startups at a bootstrapping stage, Axis Bank will be waiving off banking transaction fee for the first two year. S.M. Sundaresan, group executive and head, Corporate Banking at the bank said with VCAT’s expertise in the space and Axis Bank’s innovative tech-based solutions, startups can save cost and perform more efficiently. The 2 entities are also working towards extending this facility to entrepreneurship beyond the metropolitan cities and tier-1 hubs.
