Shortlisted FinTechs will be evaluated for IFTA awards by a jury across 12+ categories
India's running fintech event, IFTA, organised by India FinTech Forum, is back for its 8th edition. IFTA is set to unveil 24 high potential startups and 6 scaleups that are leading the charge in the financial technology sector. Shortlisted from 1250+ applications from various countries including Australia, Georgia, Hong Kong, Hungary, India, Netherlands, Nigeria, Poland, Portugal, Singapore, Turkey, UK and USA, these companies will be carefully evaluated by a top-notch jury.
The winners will be chosen from the finalists below and announced at IFTA 2023 on 1st November 2023 at Mumbai. IFTA will be organised as a hybrid event with online sessions on 30th and 31st October, and the grand finale on 1st November at Courtyard by Marriott, Mumbai.
Mr. Sougata Basu, founder, CashRich and Executive Committee Member, IFF, says, “At IFTA, this year’s shortlisted startups shine with enormous potential. Past winners at IFTA include Razorpay, Open, Simpl, and Pismo (acquired by Visa for $1 billion in 2023), and they exemplify the transformative power of business innovation. With a member base of over 4,000 fintech companies and over 35,000 individuals, India FinTech Forum continues to promote purpose-driven innovation.”
The start-ups shortlisted by India FinTech Forum are Agrim Housing Finance, Ayekart Fintech, Bureau, CreditNirvana, Deepvue.tech, Dhan, FidyPay, FinMapp (India), FinnUp, Hyperface, Insurance Samadhan, Jar, Kniru, MODIFI, Mool, Onsurity, Propelld, Qapita, QuantMan, SandLogic, SatSure, SaveIN, Tutelar and Volt Money.
IFTA has also announced a selected shortlist for Fintech Scaleup of the Year. These companies are evaluated on their product and services and the traction that they have been able to build. They are Credility, Fibe, Finnable, Partner HUB, Think360.AI, Trustt.
FACE members also elected Naveen Kukreja, founder and CEO, PaisaBazaar and Ashish Goyal, founder and CFO, Fibe as member directors for the association
They can help India carefully navigate the delicate balance between advancing its economic interests and fostering socio-economic development in recipient countries through loans
RBI governor Shaktikanta Das encouraged stakeholders in the sector to form a self-regulatory body and also assured RBI's help for the process