Hyderabad

Hyderabad Fintech Forum to strengthen start-up ecosystem takes shape

IT Principal Secretary Jayesh Ranjan and others during the launch on Tuesday.  

Hyderabad Fintech Forum (HFF), a platform to enable and strengthen the start-up ecosystem to make billion dollar unicorns — start-ups with billion dollar market value — from the city, was inaugurated by IT and Industries Principal Secretary Jayesh Ranjan here on Tuesday.

Founder of Fintech Forums in India and chairman of India Blockchain Standards Committee J.A. Chowdary, IIIT-Hyderabad director P.J. Narayanan, W-Hub Hong Kong founder Karena Belin, Quality Matrix CEO Sasikanth Vellepalli, and country head of State Street Ramesh Kaza were present on the occasion.

The website of HFF was also launched on the occasion to provide a platform for mentor-mentee connectivity for startups.

According to the HFF functionaries, it consists of early stage Fintech start-ups, heads of research and development and technology departments of MNCs in India, angel investors, venture capitalists, academicians, researchers, government officials and regulators. They claimed that over 600 Fintech members have already joined the HFF.

It has created seven special interest group for domains such as blockchain technology, data science, artificial intelligence, machine learning, cyber security, lending and others.

Speaking at the event, Mr. Ranjan said the Telangana government was laying special emphasis on creating the necessary fintech infrastructure. A large number of fintech startups were coming to the city and benefiting from the ecosystem available here, making Hyderabad the most emerging fintech hub.

Explaining the role of HFF in promoting and mentoring startups in the city, Mr. Chowdary outlined the process by which fintech unicorns could be created in the city. Hyderabad was the first city in the country to create an exclusive infrastructure for financial and fintech activities in 2000. HFF also had plans to set up a global fintech mentor grid to enable most fintech startups to take advantage of mentorship and succeed.

Co-founder of Q-Hub Sasikanth said that it was an ecosystem to take business into much greater heights. On the sidelines of the HFF inauguration, an MoU was also signed between Q-Hub and W-Hub to enable cross-border exchange of Fintech market opportunities in India and Hong Kong.


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Printable version | Sep 22, 2021 4:08:39 AM | https://www.thehindu.com/news/cities/Hyderabad/forum-to-strengthen-start-up-ecosystem-takes-shape/article29443365.ece

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