peekpublishersTLDR:
- The Digital Fifth (TDF) has announced partnerships with five venture capital firms for its accelerator programme in the banking, financial services, and insurance (BFSI) sectors.
- The investor partners will evaluate and provide funding opportunities to selected startups, with a focus on seed and Series A funding rounds.
The Digital Fifth (TDF), a fintech consulting firm, has partnered with five venture capital firms to support its accelerator programme in the banking, financial services, and insurance (BFSI) sectors. The venture capital firms, Equanimity Investments, Flourish Ventures, IIFL Fintech Fund, IvyCap Ventures Advisors, and 8i Ventures, will assist in evaluating and funding early-stage startups. They will also have the first opportunity to invest in the shortlisted startups. The accelerator programme aims to provide access to funds and mentoring for ideas and early-stage fintech companies.
The first batch of startups to be selected for the accelerator programme will be announced in February at the Bharat Fintech Summit. These startups will receive personalized mentoring from TDF’s consulting team and gain access to TDF’s extensive network, including banks, financial services, and other fintech companies. The programme aims to nurture the next wave of fintech innovators in India, which has seen significant investment in the sector in recent years. According to TDF, fintech startups in India secured over $2 billion in funding in the previous year alone, with the total valuation of the sector expected to reach $150 billion by 2025.
TDF, founded in 2017, is a consulting firm that specializes in advising banks, non-banking financial companies, wealth management firms, mutual funds, and insurance companies. The partnerships with the venture capital firms will provide crucial knowledge and resources to support early-stage ventures and shape the future of the fintech landscape in India.
