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Seeking Funding for My Fintech Startup - Where Can I Look?

Harsh

Harsh Bharwani  | Answer  |Ask -

Entrepreneurship Expert - Answered on Oct 03, 2024

Harsh Bharwani is a fourth generation entrepreneur.
As CEO and managing director, he leads the international business and employability initiatives at the computer networking institute, Jetking Infotrain Limited.
After graduating from Delhi University, Bharwani joined the family business in 2010 and set up operations in the US and Vietnam.
He has trained over three lakh students in employability, confidence and key life skills.... more
Asked by Anonymous - Jul 31, 2024Hindi
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Sir/Mam, I am planning to start Start up (Fintech). I have limited resources for my Fintech. Could you tell me from where I can raise fund for my Fintech.

Ans: Starting a fintech venture in India is an exciting opportunity, and I understand that securing funds can be a bit challenging, especially with limited resources. Firstly, consider bootstrapping, which starting by yourself with your own savings. It gives you full control over your business, and it can be a great way to show potential investors that you're committed.

If you're looking for outside funding, angel investors and venture capitalists can be valuable. Angel investors, like those from networks such as the Indian Angel Network or Chennai Angels, often invest in new startups in exchange for equity. Once your fintech shows some sign of growing well, then you might start thinking about reaching venture capitalists, so keep an eye out for firms that specialize in fintech, like Accel Partners or Nexus Venture Partners.

Don’t overlook government schemes either! The Startup India initiative has a lot of programs offering support for funding, mentorship, and even tax benefits. You might want to check out the Fund of Funds for Startups (FFS) for additional financial support.

Joining fintech accelerators can also be beneficial. Programs like Techstars or NASSCOM’s 10,000 Startups can provide not just funding but also mentorship and valuable networking opportunities. Even Platforms like Ketto or Wishberry can help you raise smaller amounts from a larger crowd or audience who believe in your idea.

Lastly, if you prefer traditional routes, consider bank loans. Some banks offer specific loans for startups, so having a solid business plan can go a long way in securing that.

It doesn't matter whichever path you go for the only things matters is to make sure your business plan clearly outlines your fintech’s potential and addresses a real need in the market. Good luck!
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Dr Upneet Kaur  |50 Answers  |Ask -

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I am male married since 2013 , I was working full time and had good career for 10 yrs, I absolutely did not had any physical or mental health issues before marriage and was working full time as IT professional. After marriage from begning I had conflicts and disputes with inlaws. They were keeping too many expectations from My Wife and were doing lot of interference and trying to control My Wife and our married life. They were not allowing us to live our married life independently. There is no issues or conflicts between Me and My Wife and she is living with Me by her own will , but My Wife is mentally and physically weak so she does not handle inlaws and is unable to set the boundries with them after marriage. My in laws are immoral, highly manipulative and controlling people, on face they show and act as if they are very matured people and gentleman but behind they do all sort of negative and immoral activties. They also practice black magic and do all sorts of immoral activities to control My Wife and harm Me. After 5 yrs of marriage , I am suffering from rare, severe and complex Neurological disease since 2019 , I am like bed bound, and having difficulty in talking, sitting upright for long time. I am not able to work due to My severe health condition since 5 yrs now. Taking advantage of My severe, rare and long term health condition , My in laws are defaming Me and spreading rumors about Me to the neighbours, relatives and wherever I go by tracking My activities. They are telling that I am mentally unstable and have had physcological / mental issues from begning of marriage and they are trying to earn fake soft corner of thier daugther in front of people saying that our daughter is caught in this toxic marriage and her life is getting spoilt due to this marriage. They are also tracking each and every activity of Mine by hacking my mobile and creating severe obstacles by defaming Me and spreading rumors about Me They are trying to block My medical treatment by misguiding the Doctors and also blocking anyone who is helping Me ? They are forcing Me indirectly to convience My Wife and take mutual divorce and also demanding Money one time Amount from Me. --------------------------------------- How can I deal with such situation ? Considering I am bedbound and My health condition is severe , I am not in position to take legal action against them What can I do to stop this defamation and turning people against Me ? What can I do about tracking of all My activities through hacking of My mobile ?
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I am sorry to hear the situation of yours. I would suggest you to keep your wife in confidence so that your in laws can't reach your doctor and you can take your proper treatment. Secondly dont take stress of defamation. People around you know you. Now just concentrate on your health so that you can recover from it and join your job again.
Take care!
Regards
Dr Upneet Kaur

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