Uttamchandani: Need of the hour for verticals to have segment-oriented accelerators
FinX Labs is set to mentor Fintech startups by hand-holding them with a structured framework and creating opportunities to scale from its newly opened startup accelerator and co-working space at the International Financial Services Centre (IFSC) in the Gujarat International Finance-Tec City (GIFT City).
“It is the need of the hour for verticals to have segment-oriented accelerators to drive growth and provide every advantage possible. FinX labs is ideally positioned to mentor Fintech startups by handholding them with a structured framework and creating opportunities to scale,” Umesh Uttamchandani, Co-founder & CGO, DevX Co-working & Accelerator said in a release on 26 Aug 2021.
“GIFT city is the obvious choice and ideal place to locate the Fintech accelerator with the ease of doing business and various financial incentives being offered like lower taxation numbers. We are sure that FinXlabs will help propel the Fintech startups forward,” he said.
Inaugurated under the vision of Injeti Srinivas, Chairperson GIFT IFSCA, Tapan Ray, MD & Group CEO, GIFT City and Dipesh Shah, Head Development and International Relations, GIFT IFSCA; FinX Labs has also signed an MoU National Stock Exchange (NSE) as a knowledge partner.
Jaxay Shah, MD Savvy Group, added, “The GIFT IFSC was conceived precisely to act as a catalyst for ideas, ventures and endeavors that spur growth and harness synergies, propelling India’s standing in the international markets. FinX under the umbrella of IFSCA, will nurture fintech startups providing them with mentoring, funding, networking and access to global financial centres.”
Emphasizing the need for collaboration, Ravi Varanasi, President, NSE Group, said, “We believe this partnership will nurture fintech innovation to make GIFT City one of the foremost international hubs for breakthrough fintech products. Keen developmental approach of IFSC Authority is the catalyst in bringing about this transformation.”
Aniruddh Jhaveri, Partner at Flexworx, elaborated, “When we talk about dynamism we generally refer to startups or entrepreneurs, but we often forget that regulators also take the leap of faith alongside. The team at IFSCA is unparalleled and access to the regulatory sandbox is a wonderful way to test ideas under a controlled environment. FinX labs opens up a plethora of opportunities for businesses looking to setup shop in GIFT IFSC; give growing business a tint of agility with flexible plug and play infrastructure.”
FinX Labs is a joint venture by Indians – Jaxay Shah (MD, Savvy Infrastructure), DevX co-working & accelerator and Flexworx. #finance #funding #banking #investment #technology #fintech #startup /fiinews.com
