Tuesday, February 28, 2017

Andhra govt to give $1 million prize to financial technology startup

Good news for startups in financial technology sector, the Andhra Pradesh government is planning to offer $1 million as the first prize in a competition for the best business plan submitted by a start-up in the financial technology (fintech) domain.

Also see: Bharti Airtel to acquire Telenor group

The first prize is $1 million and there will be other prizes as well. However Chief Minister N Chandrababu Naidu still has to approve the plan.

The results of the fintech startup business plan competition will be announced at the Global Fintech Summit to be held in Vishakapatanam in October.


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