Nominations India FinTech Awards 2024 - India FinTech Forum

India FinTech Forum’s IFTA 2024

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IFTA 2023 WINNERS

Agrim Housing Finance

Fintech Startup of the Year

Ayekart

Fintech Rising Star

Dhan

Fintech Rising Star

SaveIN

Fintech Rising Star

Onsurity

Fintech Rising Star

Fibe

Fintech Scaleup of the Year

FamPay

Best Initiative for Financial Literacy

Decentro

Best Technology Company for Fintech Solutions

Paytm Money

Best Innovation in WealthTech

Signzy

Best Innovation in RegTech

Feedzai

Best Use of AI in Fintech

PayU

Excellence in Payments

Revfin

Best Fintech Initiative For Social Impact

Wise

Best International Fintech in India

Paisabazaar

Best Innovation in Digital Lending

Razorpay

Most Innovative Fintech Product

InsuranceDekho

Excellence in InsurTech

Glimpses of Ifta 2023

Nomination Categories

 

Fintech companies, banks and financial institutions from across the globe may apply for the prestigious India FinTech Awards (IFTA) 2024.

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Most Innovative Fintech Product

This Award is for a fintech organization or a financial services firm which has created an innovative fintech product. Success can be measured through a number of factors including creation of new product / customer segment, usage of disruptive technologies, scalability and impact on the fintech ecosystem.

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  • Any fintech company, financial services/ technology firm or any organization that has developed a new and innovative fintech product.
  • Nomination processing fee is not applicable (Terms)
  • Submitting an application indicates your agreement with the associated terms and conditions

Fintech Startup of the Year

Startup that shows the best demo of an innovative fintech product. Only a working product demo will be allowed (no presentation slides or videos without a working product). The product must be related to the fintech sector. Beta stage products that are not yet live may also apply.

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  • Any fintech startup across the globe that was incorporated after 1st January 2018. The demo will be presented during IFTA 2024 followed by a Q&A session with Judges. The startup should not be a part (eg. a subsidiary or a joint venture) of another organization that was incorporated before 1st January, 2018.
  • Nomination processing fee applicable (Terms)
  • Submitting an application indicates your agreement with the associated terms and conditions

Fintech Scaleup of the Year

A mature company that shows the best demo of an innovative fintech product. Only a working product demo will be allowed. No presentation slides or videos will be allowed without a working product. Beta stage products that are not yet live may also apply.

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  • Any organization across the globe working in fintech/ financial services/ technology that would like to demo its product. The demo will be presented during IFTA 2024 followed by a Q&A session with Judges. The date of incorporation of the company should be before 1st January, 2018.
  • Nomination processing fee applicable (Terms)
  • Submitting an application indicates your agreement with the associated terms and conditions

Best Innovation in Digital Lending

This Award is for an innovative Fintech Lender (B2C or B2B) which has demonstrated significant success during last one year. Success will be measured through a number of factors including creation of new product / customer segment, customer impact, usage of disruptive technologies, virality, scalability and profitability.

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  • Any organization across the globe working in fintech/ financial services/ technology dealing with B2C lending.
  • Nomination processing fee is not applicable (Terms)
  • Submitting an application indicates your agreement with the associated terms and conditions

Best International Fintech in India

This award is for an International organization which has entered India recently and has acquired signification traction with Indian clients and organizations.

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  • Entered India after 1st Jan 2018 and operating in the fintech sector.
  • Nomination processing fee is not applicable (Terms)
  • Submitting an application indicates your agreement with the associated terms and conditions

Best Fintech Initiative For Social Impact

This Award is for any innovative Financial Institution/ Company which has utilized disruptive technology for significant social impact. Success will be measured through a number of factors including customer impact, how technology was applied to enable financial inclusion, scalability and social impact.

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  • Any Financial Institution, Bank, Startup, NGO or Company that has used innovative technology for significant social impact.
  • Nomination processing fee is not applicable (Terms)
  • Submitting an application indicates your agreement with the associated terms and conditions

Excellence in Payments

This Award is for an innovative payments organization which has demonstrated significant success during last one year. Success will be measured through a number of factors including creation of new product / customer segment, customer impact, usage of disruptive technologies, virality, scalability and profitability.

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  • Any fintech company, financial services/ technology firm or any organization that has developed a new and innovative digital payment product. Innovation related to payment processes or hardware shall also qualify for this award.
  • Nomination processing fee is not applicable (Terms)
  • Submitting an application indicates your agreement with the associated terms and conditions

Best Use of AI in Fintech

This Award is for an innovative Artificial Intelligence (AI) organization which has demonstrated significant success during last one year. Success will be measured through a number of factors including creation of new product / customer segment, customer impact, usage of disruptive technologies, virality, scalability and profitability.

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  • Any fintech company, financial services/ technology firm or any organization that has developed a new and innovative use of artificial intelligence (AI).
  • Nomination processing fee is not applicable (Terms)
  • Submitting an application indicates your agreement with the associated terms and conditions

Best Innovation in RegTech

This Award is for an innovative regulatory technology organization which has demonstrated significant success during last one year. Success will be measured through a number of factors including creation of new product / customer segment, customer impact, usage of disruptive technologies, virality, scalability and profitability.

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  • Any organization across the globe working in fintech/ financial services/ technology
  • Nomination processing fee is not applicable (Terms)
  • Submitting an application indicates your agreement with the associated terms and conditions

Best Innovation in WealthTech

This Award is for an innovative wealth technology organization which has demonstrated significant success during last one year. Success will be measured through a number of factors including creation of new product / customer segment, customer impact, usage of disruptive technologies, virality, scalability and profitability.

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  • Any organization across the globe working in fintech/ financial services/ technology related to wealth management, investments, personal finance, stock trading, asset management etc.
  • Nomination processing fee is not applicable (Terms)
  • Submitting an application indicates your agreement with the associated terms and conditions

Best Technology Company for Fintech Solutions

This Award is for a technology firm, which has created innovative solutions for building Fintech business including loan management system, loan origination system, payment platforms, wealth platforms etc. Success will be measured through a number of factors including customer impact, usage of disruptive technologies, impact on fintech ecosystem, scalability and number of customers.

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  • Any organization across the globe working in fintech/ financial services/ technology
  • Nomination processing fee is not applicable (Terms)
  • Submitting an application indicates your agreement with the associated terms and conditions

Excellence in InsurTech

This Award is for an innovative Insurance Technology company which has demonstrated significant success during last one year. Success will be measured through a number of factors including creation of new product / customer segment, customer impact, usage of disruptive technologies, virality, scalability and profitability.

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  • Any organization across the globe working in fintech/ financial services/ technology
  • Nomination processing fee is not applicable (Terms)
  • Submitting an application indicates your agreement with the associated terms and conditions

Best Initiative for Financial Literacy

This award recognizes the best initiative in financial literacy by any institution or company that has made significant contributions towards enhancing financial literacy and empowering individuals to make informed financial decisions. The winner will be evaluated based on the effectiveness and creativity of their financial literacy program, its impact on the target audience, and the sustainability and scalability of the initiative.

Apply Now

  • Any organization across the globe working in fintech/ financial services/ technology
  • Nomination processing fee is not applicable (Terms)
  • Submitting an application indicates your agreement with the associated terms and conditions
Important Terms:

  • There is no restriction on the number of award categories that you may apply for, as long as the eligibility criteria is met. To keep the shortlisting process fair and independent, there is no fee for submitting any nomination.
  • Please do not submit any confidential data as multiple parties are involved in the assessment.
  • All submitted nominations are shared with an external Panel of Judges to come up with a merit list. Only companies on this merit list are uniformly invited to confirm participation in the final round.
  • Please note that nominees must attend the India FinTech Awards (IFTA) 2024 in order to participate and win an award.
  • No fee is required for any of the award categories, except for the ones requiring product demos.
  • Further details may be requested before the final round of assessment.
  • Applicants whose nominations are finally selected shall receive discounted IFTA 2024 tickets along with complimentary annual IFF Premium Membership.
  • Winners in any of the nomination categories can use IFTA logo and branding in their marketing materials, website and email signature for 1 year.
  • The participating organisation authorises India FinTech Forum to publish its name, logo and profile on India FinTech Forum’s promotional material including website, social media channels, ads, and any event-related materials.
  • The decision by India FinTech Forum in consultation with our Event Partners and Panel of Judges shall be final in all matters related to nomination and selection of winners.
Important Terms:

  • There is no restriction on the number of award categories that you may apply for, as long as the eligibility criteria is met. To keep the shortlisting process fair and independent, there is no fee for submitting any nomination.
  • All submitted nominations are shared with an external Panel of Judges to come up with a merit list.
  • For the demos, companies on this merit list are uniformly invited to confirm participation in the final round.
  • Please note that nominees must attend the India FinTech Awards (IFTA) 2024 in order to participate and win an award.
  • If your company is selected for a product demo at IFTA 2024, the application processing fee shall be Rs. 50,000 + GST for an Indian company or USD 850 for any company incorporated outside India. The demo will provide an opportunity to present your product to IFTA attendees from the global fintech industry.
  • Further details may be requested before the final round of assessment.
  • Applicants whose nominations are finally selected shall receive discounted IFTA 2024 tickets along with complimentary annual IFF Premium Membership.
  • Winners in any of the nomination categories can use IFTA logo and branding in their marketing materials, website and email signature for 1 year.
  • The decision by India FinTech Forum in consultation with our Event Partners and Panel of Judges shall be final in all matters related to nomination and selection of winners.
  • Please do not submit any confidential data as multiple parties are involved in the assessment.
  • The participating organisation authorises India FinTech Forum to publish its name, logo and profile on India FinTech Forum’s promotional material including website, social media channels, ads, and any event-related materials.

IFTA Media Coverage

WHY NOMINATE FOR IFTA

If your company makes it to the final round:

  1. You will have an opportunity to win the prestigious IFTA 2024 award in the applicable category.
  2. Your company’s profile will be shared with the esteemed Panel of Judges consisting of industry leaders.
  3. You will get an opportunity to network with IFTA attendees.
  4. Your company’s name and logo will be promoted on our website and social media.

 

If your nomination is also selected for a demo, you shall get the following special benefits:

  1. An opportunity to showcase your product to IFTA 2024 attendees. The demo will be presented during IFTA 2024 followed by a Q&A session with Judges.
  2. An opportunity to win either the IFTA Startup of the Year or IFTA Scaleup of the Year award, depending on the year of incorporation.
  3. You will get 3 Premium Memberships (worth INR 23,700) of India FinTech Forum for 1 year. The three memberships can be utilized for online networking and access to exclusive content throughout the year. The complimentary memberships may be used by your CXOs, directors, employees, guests, partners, clients, investors etc.

 

If you win in any category, you shall receive:

  1. IFTA trophy that shall recognise your groundbreaking work, to further strengthen your brand and get great PR. The recognition and visibility is invaluable in front of potential investors.
  2. Authorisation to use IFTA logo and branding in your website and other marketing materials such as press release, social media, brochures etc.
  3. IFTA Winner’s badge that can be included in your organisation’s email signature for 1 year.

NOMINATION PROCESS

Stages in the nomination and awards process:

  1. Applicants shall submit the online nomination form. Multiple categories can be selected in the online form. No fee is applicable at this stage to keep the process fair and independent.
  2. All submitted applications are shared with an external Panel of Judges and Partners. Please do not submit any confidential data as multiple parties are involved in the assessment.
  3. The Panel of Judges and Partners decide the category-wise merit list.
  4. Applicants on the merit list for Fintech Startup of the Year and Fintech Scaleup of the Year award categories get an opportunity to demo their product in front of the esteemed Panel of Judges for the final round. Only these applicants are uniformly invited to confirm their participation in the final round by paying a nominal application processing fee.
  5. If your company is selected for a product demo at IFTA 2024, the application processing fee shall be Rs. 50,000 + GST for an Indian company or USD 850 for any company incorporated outside India. The demo will provide an opportunity to present your product to IFTA attendees from the global fintech industry. The companies that demo will compete for the prestigious IFTA awards: Fintech Startup of the Year or Fintech Scaleup of the Year. This application processing fee for the demo is non-refundable and non-negotiable. Non-receipt of application processing fee within the stipulated period shall indicate that the shortlisted company has regretted the invitation to participate. The application processing fee provides 3 IFTA tickets along with complimentary annual IFF Premium Memberships.
  6. There is no application processing fee for any of the other award categories (opportunity to demo a product is not included).
  7. Category-wise finalists are announced on IFTA website and social media.
  8. Judges do a final round of assessment for each award category, and results are compiled by an independent firm.
  9. Category-wise winners are announced on the IFTA website and social media.
  10. IFTA Award Ceremony will be held in Mumbai, India.
Past attendees loved IFTA!

Read what they had to say

The Dhan team is elated and honored to receive the distinguished title of Fintech of the Year. This recognition is a testament to the tireless efforts we have invested in transforming our platform, SuperTraders, into a revolutionary force for both traders and investors. We express our heartfelt appreciation to IFTA for orchestrating a stellar event that facilitated meaningful connections with the foremost leaders in the Fintech industry. The entire experience was nothing short of extraordinary, underscoring our commitment to excellence and innovation.

Pravin Jadhav
Founder, Dhan

Valocity Global had an incredible experience at the IFTA Awards. Attending as a Fintech Finalist presented a great opportunity to demonstrate the Valocity platform to leading key lenders and participants in the banking ecosystem and the highlight was undoubtedly winning Fintech Start Up of the Year!

Valocity Global was very impressed with the IFTA Forum by the breadth and depth of attendees and especially the wide range of innovative attendees coming from all over the globe. What a great opportunity to collaborate and network – we will definitely be back!

Carmen Vicelich
CEO and Founder, Valocity Global

I am honoured to win the Woman Leader in Fintech award at IFTA 2019. A lot of great conversations happened during India FinTech Awards that brought together different perspectives on all the latest developments in fintech.

Mabel Chacko
Co-founder and COO, Open Financial Technologies

Our technology and our team is what we trust in the most. This recognition by IFTA is a sign that our efforts in revolutionising the financial ecosystem are in the right direction. I would like to thank IFTA for a well-organised forum – it was a great evening and extend my congratulations to all the winners and participants

Harshil Mathur IFTA

Harshil Mathur
CEO and Founder, Razorpay

Grateful and honoured to be recognised as the Fintech Scale-Up of the Year by IFTA. This award is a testament to our team’s dedication, innovation, and the transformative power of our solutions. Here’s to scaling new heights and redefining the future of FinTech Lending.

Akshay Mehrotra
Co-Founder & CEO, Fibe

The team at Simpl is ecstatic at this honour. We are both happy and proud to be awarded Fintech Startup of the Year, as an acknowledgement of the hard work we have put into building a product that completely reimagines the payment experience, both for merchants and consumers. This award is a recognition of all the hard work the team has put into creating a new category of payments and a breakthrough consumer experience. I would also like to thank IFTA for organizing a top of the class event that included the best from the Fintech space and a truly enriching experience.

Nitya Sharma
Co-Founder & CEO, Simpl

Attending IFTA 2023 provided a remarkable platform to showcase our innovations, engage with potential partners, and glean trends shaping the future of finance. IFTA 2023 was more than an event; it was a convergence of visionary ideas and opportunities, enabling us to envision and drive the next wave of FinTech evolution. IFTA 2023, hosted by the India FinTech Forum, was an exhilarating blend of innovation and collaboration, and winning the India Fintech Startup of the Year Award 2023 was a momentous milestone, affirming our commitment to revolutionizing the FinTech landscape. Thank you for enabling this platform.

Dr. Malcolm Athaide
Co-Founder & CEO, Agrim Housing Finance

Team SaveIN is delighted to have been recognised as the Fintech Rising Star at IFTA 2023. As a finalist, we not only had the opportunity to showcase what we have built but also learn from other participants and the jury members. This award reflects the work put in by team SaveIN and the impact we have created in the healthcare-fintech space in a short span of time.
We are extremely impressed by team IFTA’s ability to conduct an event of this magnitude, attracting the best of participating companies, ecosystem partners and audience. We look forward to be back at IFTA!

Jitin Bhasin
Founder, SaveIN

IFTA’s ‘Fintech Start-Up of the Year’ award in 2016 was among the first honourable recognitions Capital Float received. The award acknowledged the company’s immense potential to disrupt financial services and be a chief driver of technological innovations in the space. The Indian Fintech Forum continues to encourage tech-driven start-ups in BFSI to push the envelope and support India’s objective of being a Fintech superpower.

Gaurav Hinduja
Co-Founder and MD, axio

It was such a great honor to be awarded Fintech Rising Star at IFTA. We are a global platform that has been establishing many partnerships with Indian based companies to help with our global expansion. The relationships we were able to build at the event, and the recognition received thereafter as a result of winning the award, are invaluable to our mission to become the world’s leading fintech platform.

Mike
Co-Founder, Hydrogen

I was mighty impressed with the depth and the quality of young companies presenting at IFTA 2019. Fintech is now better understood and there’s always a risk that such events become a rehash of what worked yesterday. In that respect I would say that IFTA 2019 was very refreshing and it will make me want to come back for IFTA 2020.

Mr. Rajeev Ahuja
Executive Director, RBL Bank

We would like to express our sincere gratitude for the recognition Ayekart received at IFTA. It was a fantastic experience collaborating with the organizing team, and we are deeply honored. The event was exceptionally well organized.

Anand Mugad
Co-Founder | Chief Marketing Officer, Ayekart

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