IIFL to help Fintech Startups facing financial crisis; launches #IIFLDisrupt

Financial services serial entrepreneur and India Infoline Limited (IIFL) founder Nirmal Jain today announced the launch of #IIFLDisrupt- an initiative to collaborate with the Fintech startup ecosystem. IIFL has launched this initiative to invigorate, support and partner with fintech startups at a time when many Indian startups are impacted by fund squeeze and are unable to achieve scale as Covid19 outbreak has weighed on the broad economy in an unprecedented manner.

Speaking on the launch of IIFLDisrupt, Jain, Founder and Chairman of IIFL Group said, “Covid19 has disrupted the whole world. The post Covid world will see revolutionary Fintech disruptions. We are keen to partner, invest, collaborate with FinTech startups passionate to disrupt & change the world of finance. We are looking out for fintech startups that can disrupt the existing chain, digitise the process, increase productivity, and boost various aspects of the business.”

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Jain said that the #IIFLDisrupt platform (iifl.com/fintech/) promises to help startups having a disruptive idea in the following ways – 1 - provide funds, 2 – becoming the first client, 3- give access to mentors. #IIFLDisrupt also invites accelerators and incubators across India to collaborate.