Forbes India 15th Anniversary Special

Barclays to launch fintech hub in Mumbai

Rise, the company's fifth global community centre, will allow experts to network and mentor professionals

Deepti Chaudhary
Published: Mar 16, 2016 12:13:40 PM IST
Updated: Mar 16, 2016 06:33:22 PM IST
Barclays to launch fintech hub in Mumbai
Image: Andrea De Silva / Reuters

Barclays, in partnership with 91springboard, will launch a network of physical spaces and a virtual community designed to bring together thinkers and doers to create the future of financial technology. Mumbai—which will house the network, christened Rise, in the second quarter of 2016—is its fifth hub after London, Manchester, New York and Cape Town. Barclays will soon take Rise to Tel Aviv as well.  

The partnership with 91springboard will include the setting up of a physical hub in the heart of Mumbai. Rise Mumbai will provide technology entrepreneurs in India access to a global network of experts, businesses and partners, empowering them for rapid scale and growth.

“With this, we intend to provide a model for global collaboration, innovation and growth in financial technology to the budding fintech entrepreneurial ecosystem in India, enabling them to grow and achieve the scale and success they deserve,” says Lubaina Manji, head of Rise and group innovation office, Barclays.  

In addition to infrastructure, entrepreneurs working out of this space will also gain access to Barclays mentors and will be linked to all of the Rise global sites.

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