| Mumbai Fintech Hub | |
| Abbreviation: | MFH |
| Formation: | 2018 |
| Vat Id: | (for European organizations) --> |
| Headquarters: | Mumbai, Maharashtra, India |
| Region: | Mumbai Metropolitan Region |
| Fields: | Fintech |
| Owners: | --> |
| Key People: | Aseemkumar Gupta, IAS (Chairman) Jayashree Bhoj, IAS (Managing director) |
| Parent Organization: | Government of Maharashtra |
The Mumbai Fintech Hub is an investment platform, which was started by the Government of Maharashtra in the Mumbai Metropolitan Region.[1] [2] It is an initiative by the Government of Maharashtra to promote the fintech ecosystem in the state of Maharashtra.[3] [4]
Mumbai Fintech Hub was founded in 2018 as an initiative to promote fintech startups by the Government of Maharashtra.[1] The accelerator programme was inaugurated by CM Devendra Fadnavis.
The programme was launched in a partnership with National Payments Corporation of India (NPCI), PayU, Fino Payments Bank, IndusInd Bank, IndiaFirst Life Insurance Company, SBI General, HannoveRe, Swiss Global Enterprise, CRIF High Mark,[5] Microsoft, HDFC Bank, British High Commission[6] and Monetary Authority of Singapore,[7] PwC, NASSCOM, Indian Venture Capital Association (IVCA), and Payments Council of India (PCI), among others.[3]
In December 2018, it received 200 applications among which 13 startups were shortlisted. Some of the companies/startups who were selected under the programme are Crelytics, Bonfleet, One Wallet, Huepay, Phi Commerce, GoPlannr, M2P, Microchip Payments, Monitree, Riskcovry, Finlok, FinVu and News4Use.[8]