LenDenClub Alpha launches its first batch of FinTech startups

By Leandra Monteiro

LenDenClub Alpha, the Corporate venture capital (CVC) arm of LenDenClub, announced its first batch of the ‘Bharat FinTech Programme’.

It was launched last quarter to promote innovation, encourage and support FinTech start-ups in semi-urban and rural India. From over 150 applications received to join the incubation programme, six innovative FinTech startups across India were selected, which will be nurtured under the program in partnership with Startup Reseau. Start-ups are FinPlay, P2P Bazaar, FlashPay, Upmarket, Finswealth and Filit.

The ‘Bharat Fintech Program’ by LenDenClub Alpha concentrated on identifying, incubating and accelerating early-stage startups building cutting-edge solutions, helping to boost new-age budding entrepreneurs in the FinTech space across India. LenDenClub Alpha conducted nationwide startup engagement in Maharashtra, Delhi, Gujarat, Rajasthan and various other cities. Basis, which received more than 150 applications to join the programme.

The FinTech startups incubated through the program by LenDenClub Alpha span diverse areas such as multi-asset investing, alternative investments, digital banking, P2P aggregators and AI-led investment advisors. The selected FinTech startups will receive specialized mentorship in verticals such as technology and product upgrading, customer acquisition drive, innovation audits, Go-to-Market and industry connections from LenDenClub Alpha. A three-month cohort-based program will mentor the selected five startups with potentially disruptive technologies that could reshape the FinTech sector in the future.

Rajat Sinha, principal at LenDenClub Alphasaid, “We are thrilled to receive such an amazing response from the Fintech startups. The Bharat Fintech program aims to promote innovation and inclusion for budding startups and to give them the necessary push to grow faster. We are eager to to work with disruptive technology startups to foster technology growth and provide greater value to a larger population of Bharat.Helping all possible startups that cater to Bharat to make Bharat the real leader in the FinTech ecosystem in a global landscape.In the future we are planning many such programs to help FinTechs in the areas of technology, product and operations.”