Revolutionizing the Finance Industry: How Fintech Startups are Changing the Game

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Fintech startups presenting at the DemoDay 3 on 18th April

INDIA – 13 April 2023 – For several years now, fintech startups have been creating waves in the financial sector changing the way the industry operates, and having an exponentially rising impact. These startups have offered disruptive solutions across sectors including payments, loans, alternative investments, insurance and many more available on tap in the hands of users. Their ability to leverage data analytics, machine learning, and other cutting-edge technology allows them to cater to both individual consumers and businesses, tailored to their specific needs.

After successfully concluding two editions of DemoDay (DDay), 9Unicorns and Venture Catalysts are hosting the 3rd DDay on 18th April.

DDay3 will showcase six startups who will be the gamechangers and emerging as the next category leaders in their sectors.

Democratizing startup investments, Tyke is an online fundraising platform for startups to raise capital from angel investors through its investment platform for ticket size as low as INR 5000. Tyke hosts innovative startups across a multitude of sectors like consumer, health tech, edutech, fintech, AI, AR/VR, blockchain, food, and beverages, etc and offers exit opportunities as well.

By giving individual investors access to investment options that were previously only available to a small fraction of people, Tyke seeks to democratize the investment industry by offering a curated deal flow to investors on its platform, lowering minimums providing an opportunity for a larger segment of retail investors to participate, at the same time, making it easier for entrepreneurs to raise and create their own active user community.

For Indian investors looking for exposure to international markets and diversify their portfolio geographically, investing in the US market has always been an attractive option. The rise of globalization and increasing ease of cross-border transactions has made investing in the US market all the more exciting.

Vested provides easy and instant account opening and online fund withdrawal access. The platform also offers tailored investments in ready portfolios and an option to automate the investments to recurring investments.

Vested is a SEC registered investment advisor offering a no minimum balance and commission free platform for Indian investors to invest in the US stock market- 1000+ stocks/ETFs and OTC Securities. Through their online platform and app, investors can open an account in a matter of minutes by submitting their KYC documents making the process completely paperless. Vested also allows users to invest in curated portfolio baskets, for investors with different goals or themes in mind.

LegalPay is India’s first and largest tech-driven alternative investment platform, specializing in litigation, insolvency, and distressed asset financing. By including asset-backed alternatives in their portfolio, LegalPay offers their investor network access to flexible and cutting-edge alternative investment options. They make non-recourse investments in commercial legal claims and are backed with a passionate team which includes a core team with prior experience of founding a Legaltech startup, marquee investors, and international veterans.

LegalPay offers custom designed solutions for businesses based on their credit profile to avail immediate financing and legal services on credit with flexible repayment options. Their latest SPV 1 has been a game changer with 27% IRR in less than 2 years.

Another promising trend gaining popularity is fractional holiday homeownership. Instead of purchasing a vacation property, fractional ownership allows individuals or a group of individuals to co-own a property and enjoy ongoing access throughout the year. ALYF is the first technology enabled marketplace in India that makes holiday home ownership accessible, affordable and hassle free.

ALYF’s smart models provide assured property ownership with zero maintenance allowing individuals to enjoy all benefits of holiday home ownership without the financial burden of owning an entire property. Several criteria are used to select the properties listed on the platform, including the best price, extensive legal and due diligence, best-in-class architecture, and bespoke interiors. ALYF allows property ownership either by an individual or a group of upto 8 individuals.

The increased implementation of FASTags at toll gates nationwide has seen reduced transaction time and eliminated the need for cash transactions, thus improving the overall convenience for Indians. Since there is no need to stop the vehicle, make payments and manually collect a receipt, this has also reduced congestion by keeping the traffic moving.

With an aim of extending the benefits of FASTags to other applications, Numadic, a Goa-based emerging vehicle interface solution provider, aims to leverage the existing FASTag infrastructure to make fuel payments more convenient and efficient by installing a custom-built hardware and software system at select petrol pumps. Integrating it with the FASTag system to enable automatic payment of fuel bills, also simplifies fuel transactions for petrol pump and fleet operators.

Numadic offers apps to FASTag Issuer banks to empower their sales teams, address customer issues, and encourage cross-selling of products. Numadic also provides white-labeled apps for issuers’ end users to manage and track their Fastags effortlessly, as well as developer-friendly tools for fintech and other players to collaborate with Issuers and increase the GMV on FASTag.

Every year, millions of students compete to get admissions in international universities. Most of these students are not aware or are unsure of the college that best suits their goals and skill sets, visa application process, and affordable accommodation let alone the programme to concentrate on.

To address this gap, LeverageEdu provides a one stop solution for outgoing students, including career guidance, university selection, application support, and visa and financing aid. The platform also offers courses and test preps to help students prepare for entrance examinations like the GRE, GMAT, and TOEFL. LeverageEdu assists students in identifying the best programmes and universities, helps them with the application process, while additionally providing them with value-added services including education loans, visas, foreign exchange, and housing solutions.

Catch these startups presenting at the 3rd Edition of DDay3 by 9Unicorns and Venture Catalysts on 18th April.

https://www.9unicorns.in/d-day/

About 9Unicorns:
Co-founded by Dr. Apoorva Ranjan Sharma, Anil Jain, Anuj Golecha, and Gaurav Jain, 9Unicorns is a stage and sector agnostic accelerator VC providing accelerator support and seed funding to early and growth-stage startups.

9Unicorns, India’s first Accelerator VC, and Venture Catalysts, India’s largest angel fund, launched the first edition of DDay in 2021. Over the past two years, over 1,200 global VCs and family offices from over 20 countries have participated in the DDays hosted by 9Unicorns & Venture Catalysts, leading to significant added value in their respective businesses.

For more information, please contact:
Anish Pai: anish@9unicorns.in

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