PayU and Amazon Web Services (AWS), have launched InFINity 2.0, an accelerator program geared to help early-stage Indian fintech startups scale and succeed. The program targets startups that have raised less than $10 million and are seeking seed to Series A funding. Applications open on December 12, 2024, and close on February 15, 2025, with the selected cohort set to be announced on February 21, 2025.
Building on the success of its first edition—which featured hundreds of applicants and a final cohort of 30 startups, culminating in a $5 million seed investment in cross-border payments platform BRISKPE—InFINity 2.0 offers a comprehensive 12-week hybrid accelerator program starting March 2025 featuring a 3-day in-person boot camp in Bengaluru, followed by virtual office hours, culminating in a Demo Day in the last week of May 2025. PayU has committed up to $5MM in strategic investments for each company that qualifies its investment criteria.
Key Highlights of InFINity 2.0:
· Tailored Masterclasses: Led by experts from the banking, financial services, and fintech sectors.
· Extensive Distribution Opportunities: Access to PayU’s extensive merchant, bank, and consumer networks.
· Lifetime Community Access: Engage with leaders across PayU and AWS.
· Fundraising Support: Potential investment avenues from Prosus and other investors.
Participants will also benefit from exclusive sessions on Artificial Intelligence (AI), business, and growth strategies delivered by a reputed mentor panel featuring seasoned experts from PayU, Prosu,s, and AWS along with successful entrepreneurs, domain experts, and banking partners. Additionally, the selected cohort will receive AWS Activate credits of $100,000 in PayU Startup Program credits and exclusive discounts to support their growth.
Announcing the launch of Infinity 2.0, Anirban Mukherjee, CEO – PayU, said, “InFINity 2.0 reflects our commitment to fostering innovation and nurturing the fintech ecosystem for early-stage startups in India. Having backed impactful fintech startups like Fisdom, IndiaGold, and Vayana, we continue to double down on India’s fintech ecosystem. By leveraging PayU’s operational expertise alongside Prosus’ extensive investment expertise and AWS’s leading cloud solutions, we aim to empower the country’s fintech entrepreneurs to accelerate their businesses and develop innovative solutions that address the dynamic financial needs of Indians.”