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Mumbai FinTech Hub (MFH) is an initiative by the Government of Maharashtra to execute Maharashtra state's FinTech policy. The government of Maharashtra is the first state in India to create a FinTech policy (announced February 2018) to nurture the FinTech ecosystem with a vision to make Mumbai a global FinTech hub.
The policy addresses five key pillars for supporting the FinTech ecosystem: providing access to capital, promoting open innovation, catalysing ecosystem, global market access, and access to FinTech-ready talent pool.
Based in Mumbai, since its inception, MFH has been implementing various initiatives for strengthening the above-mentioned pillars, some of which include, establishing a Fintech registry, an API sandbox, a multi-partner accelerator cohort, government POC program, government grant/reimbursement scheme, Global Market Access program, Fintech education Platform, Fintech Investment & Deals platform and much more.
The policy addresses five key pillars for supporting the FinTech ecosystem: providing access to capital, promoting open innovation, catalysing ecosystem, global market access, and access to FinTech-ready talent pool.
Based in Mumbai, since its inception, MFH has been implementing various initiatives for strengthening the above-mentioned pillars, some of which include, establishing a Fintech registry, an API sandbox, a multi-partner accelerator cohort, government POC program, government grant/reimbursement scheme, Global Market Access program, Fintech education Platform, Fintech Investment & Deals platform and much more.
Overview
Location
India, Maharashtra, Mumbai
Employees
11-50
Founded date
2017
Investment Type
Accelerator
Mentions in press and media 2
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Mumbai Fintech Hub And Sahamati Conclude Their Uday Case Study Competition For Account Aggregator Innovation | In a bid to boost the fintech ecosystem in India, the Reserve Bank Of India (RBI) formally launched the account aggregator system last year, which will bring all the disparate financial data of an individual to one platform. Account aggrega... |
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FAQ about Mumbai FinTech Hub
When was Mumbai FinTech Hub founded?
Mumbai FinTech Hub was founded in 2017.
What has the press written about Mumbai FinTech Hub?
Parsers VC has collected 2 articles mentioning Mumbai FinTech Hub, among them “Mumbai Fintech Hub And Sahamati Conclude Their Uday Case Study Competition For Account Aggregator Innovation”.
Is Mumbai FinTech Hub still active?
Yes, Mumbai FinTech Hub is active; its latest activity on Parsers VC dates from May 3, 2019.