Early Stage Investment Firm YAN announces Angel Fund for Fintech Startups
Yatra Angel Network (YAN), a Mumbai-based early stage investment firm, has announced the launch of a Securities and Exchange Board of India (SEBI) registered Cat 1 AIF (Angel Fund) for fintech startups. The fund will seek to support 25 – 30 early stage Indian fintech startups, catalysing their journey by assisting them in raising capital and bridging the expertise and connections required to reach their full potential.
The funds were raised through the efforts of experienced banking, financial services, and insurance (BFSI) professionals. By the end of the year, YAN hopes to have more than 100 active investors.
“We have carefully reviewed and selected angels based on their knowledge and willingness to help portfolio founders. The idea is to promote entrepreneurship specifically in the fintech domain with a prime focus on nurturing and mentoring new generation entrepreneurs, ” said Pankaj Singh, an investment professional at YAN.
The YAN concept arose from the annual “Fintech Yatra,” which is supported by over 25 institutions. It travelled over 25000 kilometers across India in 2018 and met with over 2000 fintech startups.
Yatra had received support and recognition from the government and institutions, which resulted in the creation of an Accelerator (in collaboration with MEITY and the Central Government). It is a three-month PPP-model-led fintech acceleration programme led by regulatory and BFSI experts, as well as incubators with IIM Bangalore and NSRCEL.
YAN created a one-of-a-kind model to support the early-stage startup ideas generated by Fintech Yatra. The network requires a minimum investment of INR 25 Lakhs from each member.
“We aim to enable impactful investments in the fintech industry where angel investor will not only contribute capital but also bring subject matter expertise (SME), network, mentorship, distribution channel and more to a startup, as the case may be with each participating angel,” said Abhishant Pant, Partner at YAN and Founder at The Fintech Meetup.
It intends to invest in 25-30 startups over the next three years, participating at the seed stage with cheques ranging from INR 90 lakhs to INR 1.5 crores per startup.
The fund's partners have firsthand experience investing in startups like Riskcovry, YAP, PhiCommerce, Shopse, WIMWISure, Zimyo, Payglocal, Icanpe, and others.
So far in 2021, the sector has raised more than $2 billion, a fourfold increase from the $495 million raised in the first five months of 2020.
The funds were raised through the efforts of experienced banking, financial services, and insurance (BFSI) professionals. By the end of the year, YAN hopes to have more than 100 active investors.
“We have carefully reviewed and selected angels based on their knowledge and willingness to help portfolio founders. The idea is to promote entrepreneurship specifically in the fintech domain with a prime focus on nurturing and mentoring new generation entrepreneurs, ” said Pankaj Singh, an investment professional at YAN.
The YAN concept arose from the annual “Fintech Yatra,” which is supported by over 25 institutions. It travelled over 25000 kilometers across India in 2018 and met with over 2000 fintech startups.
Yatra had received support and recognition from the government and institutions, which resulted in the creation of an Accelerator (in collaboration with MEITY and the Central Government). It is a three-month PPP-model-led fintech acceleration programme led by regulatory and BFSI experts, as well as incubators with IIM Bangalore and NSRCEL.
YAN created a one-of-a-kind model to support the early-stage startup ideas generated by Fintech Yatra. The network requires a minimum investment of INR 25 Lakhs from each member.
“We aim to enable impactful investments in the fintech industry where angel investor will not only contribute capital but also bring subject matter expertise (SME), network, mentorship, distribution channel and more to a startup, as the case may be with each participating angel,” said Abhishant Pant, Partner at YAN and Founder at The Fintech Meetup.
It intends to invest in 25-30 startups over the next three years, participating at the seed stage with cheques ranging from INR 90 lakhs to INR 1.5 crores per startup.
The fund's partners have firsthand experience investing in startups like Riskcovry, YAP, PhiCommerce, Shopse, WIMWISure, Zimyo, Payglocal, Icanpe, and others.
So far in 2021, the sector has raised more than $2 billion, a fourfold increase from the $495 million raised in the first five months of 2020.
.jpg "Radiance Renewables: Driving Sustainable Inno-vation in India's Renewable Energy Landscape")
