IIFL (India Infoline Group), a Mumbai-based financial services company which offers home loans, gold loans and business loans, has launched #IIFLDisrupt – an initiative to help prop up India’s early-stage fintechs during the #coronavirus crisis.
The firm, whose wealth management arm holds roughly $24 billion in assets under management, says it can help founders in one of three ways: it can invest, offer mentorships, or become a fintech’s first client. None of the aforementioned options are mutually exclusive.
As well as helping founders directly, IIFL says it will also give accelerator and incubator partners across India access to funds, and help them facilitate proof of concept testing – which could also lead to IIFL becoming a first client for some of the start-ups.
The programme lists the areas it will help start-ups in: wealthtech, insurtech, robo-advisory, transaction technology, distribution of mutual funds (MFs), wealth management, digital content, lending, data analytics, and payment solutions.
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IIFL helps bridge the funding gap for India's fintech start-ups - FinTech Futures
India Infoline (IIFL), a Mumbai-based financial services company which offers home loans, gold loans and business loans, has launched #IIFLDirupt - an initiative to help prop up India's early-stage fintechs during the coronavirus crisis.
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