Barclays Launched Rise Mumbai, New Fintech Platform in India

Barclays launched a new financial technology platform 'Rise Mumbai' in India on June 15, which will provide Start-Ups with a physical workspace to work and interact with their members and stakeholders in exchange for a fee. This new site in Mumbai is the sixth Rise site globally after New York, London, Cape Town, Manchester and Tel Aviv. Barclays is all set to launch their seventh Rise site in Vilnius, Lithuania next month. 


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Rise Mumbai, in partnership with 91springboard, will set-up a new site in Lower Parel area of Mumbai. The new will provide physical workspaces to fintech companies / start-ups, offering a co-working facilities, meeting rooms and event spaces.
Jaideep Khanna, CEO & Country Head, Barclays India said “The startup ecosystem is witnessing a steep increase in activity and interest from investors with even large corporates looking to invest in this space. Rise provides us with the opportunity to leverage our client relationships and experience to play a relevant role in the growth of the fintech community in India.” 
Rise Mumbai will give technology entrepreneurs in India (working out of this space) access to a global network of experts, businesses and partners, setting them up for rapid scale and growth. The Entrepreneurs will also be linked to all of the global Rise sites.
Lubaina Manji, Barclays Head of Rise and Group Innovation Office said, “At Barclays we are embracing the opportunities and expertise of the startup ecosystem, working together to drive innovation in financial services. Rise Mumbai will give technology entrepreneurs in India access to a global network of experts, businesses and partners, setting them up for rapid scale and growth. We are very excited about the launch and look forward to tapping into India’s budding fintech ecosystem, widening our global reach.”
The Rise platform and creation of an ecosystem of fintech start-ups will allow people from different countries to interact with each other. The partnership with 91springboard will give the Rise network instant access to the former’s start-up community currently spread across six cities in India.

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About Jimmie Luthra

Jim Luthra is a Third Officer in Merchant Navy and Chief Editor of The-Area51.com, He is a Blogger, Guitarist, Painter, Book Lover, Tech Geek, Basket Ball Lover, Traveller and Fitness Freak. He loves Traveling and Adeventure Sports.
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