India FinTech Forum Announces Shortlisted Startups for India FinTech Awards 2016

MUMBAI, November 11, 2016 /PRNewswire/ --

The India FinTech Forum has announced the list of companies that will present their product demos at the India FinTech Awards (IFTA) 2016. The winners of IFTA 2016 will be felicitated at Mumbai on 26 November, 2016.

IFTA is the biggest fintech demo day event in India. It is not just another product competition but a journey to transform the financial services ecosystem. IFTA is not restricted to Indian firms alone. It encourages innovative ideas from across the globe. Startups like Hedgeable from the US and MeReal Biometrics from the UK will present their product demos at IFTA 2016.

After careful deliberation on numerous strong applications, the startups have been shortlisted to present at IFTA. Visit http://indiafintech.com/#shortlisted for the complete details of the shortlisted firms. There are several innovative firms in the list such as BankBazaar, ClearTax, Coverfox and FreeCharge.

IFTA is expected to reveal the next generation of fintech innovators who will disrupt the banking and financial services industry. The complete information on IFTA can be found at http://www.indiafintech.com.

The IFTA 2016 Event Sponsors include the following:

• IBM Bluemix (cloud services from IBM)
• Yoti (an online identity app based in the UK)
• CashRich (a mobile investment app for the Indian market)

Mr. Nithin Kamath, Founder of Zerodha and a member of the Strategy and Policy Committee at India FinTech Forum said, "The shortlisted firms at India FinTech Awards will most likely be the torchbearers of a digital economy and make India a financial super power. I wish them all the best."

About the India FinTech Awards (IFTA): 

The India FinTech Awards (IFTA) is a platform to celebrate and recognise the best innovations from fintech companies globally. IFTA offers fintech firms a platform to showcase their products to a curated audience comprising investors, bankers, entrepreneurs, media and corporate leaders. The startup winner will receive a cash prize of INR 5 lakhs and a startup kit from NASSCOM 10000 Startups along with numerous other benefits.

About the India FinTech Forum: 

The India FinTech Forum is a non-profit initiative that offers a platform for fintech companies to collaborate and voice their opinions on the relevant policy issues. Around 40 fintech companies, who are members of this forum, are dedicated to enhancing the ecosystem to ensure that India leads the global fintech innovation wave. The forum aims to facilitate the entrepreneurs to best utilise the available fintech ecosystem.

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