TLDR:
- The Digital Fifth (TDF) has partnered with five venture capital firms for its accelerator programme, which supports early-stage startups in the banking, financial services, and insurance sectors.
- The venture capital firms, Equanimity Investments, Flourish Ventures, IIFL Fintech Fund, IvyCap Ventures Advisors, and 8i Ventures, will provide funding and mentoring to startups that have been shortlisted for the programme.
The Digital Fifth (TDF), a fintech consulting firm, has announced that it has partnered with five venture capital firms to support its accelerator programme. The five venture capital firms – Equanimity Investments, Flourish Ventures, IIFL Fintech Fund, IvyCap Ventures Advisors, and 8i Ventures – will work with TDF to provide funding and mentoring to startups that have been shortlisted for the programme.
The accelerator programme aims to support early-stage startups in the banking, financial services, and insurance (BFSI) sectors. Startups that are accepted into the programme will gain access to TDF’s extensive network, which includes banks, financial services companies, and other fintech firms. They will also receive personalized mentoring from TDF’s consulting team.
The partnership with the venture capital firms will help to evaluate and scrutinize the startups that have been shortlisted for the accelerator programme. This evaluation process will serve as a gateway for potential investment opportunities, with the investors having the first opportunity to invest in the startups. Funding prospects for the startups extend up to a Series A round.
With over $2 billion in funding raised by fintech startups in India in the previous year alone, and the total valuation of the fintech sector expected to reach $150 billion by 2025, TDF’s accelerator programme is positioned to contribute to the growth of the fintech industry by nurturing the next wave of innovators.
