Bangalore, August 31, 2017: YES BANK, India’s fifth largest private sector Bank, through its banking proposition for startups, YES:HeadStartup, has partnered with
Karnataka Biotechnology & Information Technology Services (KBITS), a dedicated ‘Karnataka Startup Cell’ set up by Department of Information Technology, Biotechnology and Science & Technology, Government of Karnataka, as a one-stop shop for the provision of assistance to startups with respect to information on regulatory environment, networking with industry bodies and academic institutions in addition to other operational assistance.
Through this partnership YES BANK will provide full service banking services to startups incubated by KBITS across the following:
- Special Current Account variant with no minimum balance commitment
- Innovative Digital & Cash Management Solutions like API Banking, UPI, Wallet Services
- Wide-ranging Forex products & Trade-related Advisory Services
- Beyond banking services such as Angel investor interaction, Mentorship & Guidance Programs and discounted co-working spaces, specialized financial & tax advisory through a unique alliance program with like-minded industry partners
- Loan Products (Business & Personal)
The partnership aims to create a culture of Fintech entrepreneurship in these markets through the following strategic initiatives:
YES:HeadStartup: A comprehensive banking solution for tech and tech-enabled Start-ups. It is a customized program consisting of registration assistance, incubation & accelerator services, investor interface and marketing assistance which YES BANK would offer to the members of the program.
YES BANK through YES FINTECH; the in-house business accelerator for fintech startups has also been collaborating with and supporting more than 100 Fintech start-ups in the country to provide innovative financial solutions to its Corporate, SME and retail customer base.
About YES BANK
YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/