DBS Bank India and IndiaFilings’ co-branded portal to provide startups free incorporation process

New Delhi, Apr 14 (KNN) DBS Bank India in partnership with IndiaFilings has decided to provide end-to-end financial services support to new companies and startups through a co-branded portal.

The partnership reaffirms its commitment to serving startups profitably while finding new ways to deliver value.

Through the co-branded portal, DBS Bank India and IndiaFilings will provide a free company incorporation process to statups along with a cashback of up to 100 per cent on their incorporation costs, up to Rs 8000.

In addition, the co-branded portal will provide new enterprises with a DBS Business account that offers end-to-end financial services support for the company and its employees.

This includes comprehensive solutions to help manage business finances and employee expenses.

The co-branded portal is now live and is expected to benefit around 16,000 to 25,000 new SMEs and startup businesses incorporated in India annually.

Sudarshan Chari, Executive Director & Head Business Banking, DBS Bank India, said, “By combining our financial expertise and the value-added services of India Filings, we aim to provide startups with the necessary support and guidance to navigate today’s complex and competitive business landscape. This partnership reflects our continued commitment to enabling entrepreneurship in India and delivering seamless, hassle-free banking solutions designed for business owners.”

Lionel Charles, Founder & CEO, IndiaFilings said, “We are excited to partner with DBS Bank India to provide startups with a comprehensive suite of financial services, which will help them overcome the initial hurdles and scale their businesses to new heights. With DBS Bank India’s expertise and hassle-free solutions, we are confident that we can help young businesses realise their ambitions and contribute to India’s vibrant startup ecosystem.”

The portal will also offer non-banking solutions, such as company cap table management, employee welfare solutions, HR payroll system, and more.

These additional services will enable startups to streamline their operations, improve their efficiency and boost their productivity while freeing up time and resources to focus on their core business objectives.  (KNN Bureau)