IDFC First Bank partners NASSCOM CoE to support startups in Bengaluru

Bengaluru, Dec 8 (KNN) The NASSCOM Centre of Excellence (COE) entered into an agreement with the IDFC First Bank to appoint the bank as a preferred banking partner for startups in Bengaluru.

The primary aim of this initiative is to develop an innovation ecosystem and provide startups with a range of banking solutions.

Under this partnership, IDFC First Bank will offer its solutions for startups, including zero balance startup current account, working capital solutions for pre-profit startups, and business credit cards, among others, said a release.

It will offer tailored financial products to support innovation and entrepreneurship.

NASSCOM CoE in this partnership will be responsible for bringing in technology and domain expertise.

"As a bank, we are committed to creating a strong ecosystem that enables grass root level startups to prepare for the road ahead and help startups achieve critical milestones," said Bhavesh K Jatania, Head, Startup Banking at IDFC First Bank.

Sanjeev Malhotra, CEO of NASSCOM Center of Excellence, said this the partnership will guide startups on technology as well as the financial side.  (KNN Bureau)