Rise Accelerator announces first cohort with 10 FinTech startups

by | Oct 18, 2016

  • India’s first FinTech-focused accelerator programme
  • Startups will get an opportunity to do POC’s and co-create products & services with the guidance and support of experts from Barclays.
  • Barclays to get early access to cutting edge technologies, by partnering with disruptive startups.
  • Barclays will help selected 10 startups scale their ideas to their global network of clients and partners


Mumbai, India – October 17, 2016 –Rise Accelerator set up by Barclays and managed by Zone Startups, has announced its first cohort, comprising ten FinTech startups.

Rise Accelerator will provide the selected startups with access to Barclays technology, insight and expertise, as well as offer dedicated access to onsite mentors and advisors, and enable access to international markets through the Barclays and Zone Startups networks.

Earlier this year, Barclays launched Rise Mumbai, a FinTech community comprising of coworking, community, hackathons and the accelerator. At the time, the Rise Accelerator became India’s first FinTech-focused accelerator programme. The Rise Accelerator is built on the pillars of Connect, Co-Create and Scale.

In addition to Rise Accelerator in Mumbai, Barclays operates its accelerator programs in 6 more countries and Zone Startups is a leading accelerator across India and Canada, working with multinationals such as GE, Rogers, Deloitte, Thomson Reuters etc.

Says Ajay Ramasubramaniam, Director, Zone Startups, “Post the launch, the Rise Accelerator team and Barclays conducted roadshows across 6 cities in India, and several international webinars, to attract entries. After 3 months of program marketing, we received 236 applications, including several international entries”. A final shortlist of 10 most promising FinTech Startups from across India have been selected for the 18-week program, during which the cohort will get to engage closely with the internal stakeholders at Barclays, and do a focused POC during the duration of the cohort.

Applications included startups across core financial technologies, including lending, digital banking solutions, trading, enterprise mobility, cyber security, data analytics, payments, cryptocurrency, insurance, and wealth management.

The 10 shortlisted startups include 4 startups from Bangalore (Customer XPS, Fund Expert, CrediWatch, MegDap), 2 each from Mumbai (RockMetric, Arrow AI), and Delhi (Capital Quant Solutions, Neuron), and 1 each from Chennai (FixNix) and Hyderabad (Anlytiqed). The lifecycle stage include startups ranging from early stage – seeking its first enterprise client, to a mature product company that has raised a series-A – seeking Barclays and Zone Startups international market expertise and access.

Says HimanshuWarudkar, Director – Head of Client Facing Technology, Investment Banking Technology India & Program Director – Rise Mumbai, “Rise accelerator is an important part of the overall open innovation proposition for Barclays. Launch of the debut cohort in Rise Mumbai gives selected startups and Barclays colleagues the opportunity to work with each other on identifying innovative solutions to real problem statements. Rise Mumbai in partnership with Zone Startups is looking forward to welcome and engage with these startups over the next few months and make them a part of our community”.

The accelerator program will be managed by Puneet Sharma, an entrepreneur with first hand expertise of selling into enterprise and having been a part of a few accelerator programs himself. Says Puneet, “Getting selected into a corporate accelerator is a major validation for any startup, as it lends credibility to the problem that they are solving. In addition to this, startups get access to senior leaders and enterprise scale, that helps them build a stronger product.”

The startups will be co-located at Rise Mumbai – a world-class co-working space with state-of-the-art facilities, and will get an opportunity to present to investors, industry experts and strategic partners at the Rise Accelerator Demo Day scheduled for January 2017.


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Brian Pereira
Brian Pereira
Brian Pereira is an Indian journalist and editor based in Mumbai. He founded Digital Creed in 2015. A technology buff, former computer instructor, and software developer, Brian has 29 years of journalism experience (since 1994). Brian is the former Editor of CHIP India, InformationWeek India and CISO Mag. He has served India's leading newspaper groups: The Times of India and The Indian Express. Presently, he serves the Information Security Media Group, as Sr. Director, Editorial. You'll find his most current work on CIO Inc. During his career he wrote (and continues to write) 5000+ technology articles. He conducted more than 450 industry interviews. Brian writes on aviation, drones, cybersecurity, tech startups, cloud, data center, AI/ML/Gen AI, IoT, Blockchain etc. He achieved certifications from the EC-Council (Certified Secure Computer User) and from IBM (Basics of Cloud Computing). Apart from those, he has successfully completed many courses on Content Marketing and Business Writing. He recently achieved a Certificate in Cybersecurity (CC) from the international certification body ISC2. Follow Brian on Twitter (@creed_digital) and LinkedIn. Email Brian at: [email protected]
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