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Barclays to set up Rise hub in Mumbai

Barclays said it is expanding its Rise network physical fintech hubs to Mumbai, providing facilities for local entrepreneurs seeking to shape the future of financial services. Working with shared working space specialist 91springboard, Barclays will launch Rise in Mumbai in the second quarter, expanding the program to its sixth site after London, Manchester, New York, Cape Town and Tel Aviv. In each location Rise provides a working environment, event spaces and meeting rooms for ‘innovative companies’. Members of the new Mumbai center will get access to Barclays mentors and will be linked to all of the Rise global sites, with the project aiming to act as a global digital network promoting online collaboration and participation in innovation challenges. Lubaina Manji, head, Rise and group innovation office, Barclays, said with the launch of Rise in India, Barclays intends to provide a model for global collaboration, innovation and growth in financial technology to the budding fintech entrepreneurial eco-system in India, enabling them to grow and achieve the scale and success they deserve.

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