IDFC First Bank partners LetsVenture to support start-ups

IDFC FIRST Bank and LetsVenture, India’s leading early-stage platform for investors and founders have announced a partnership to explore synergies and support the startup ecosystem by offering curated products and solutions to startups, founders and investors.

A Memorandum of Understanding to work on areas of mutual interest was signed between IDFC FIRST Bank LetsVenture Technologies at LetsVenture’s flagship event, ‘LetsIgnite’, for startups and founders in Bengaluru.

The partnership makes IDFC FIRST Bank a preferred banker to all startups on LetsVenture’s Scalix, a newly launched platform that supports the startUp ecosystem through fundraising solutions, knowledge series, and investor connect.

IDFC FIRST Bank offers customized solutions to startUps under its FIRST WINGS program, dedicated to powering the startup ecosystem. Offerings under FIRST WINGS range from providing Zero Balance Startup Current Account with unlimited free IMPS, NEFT, RTGS transactions and doorstep banking for three years, uniquely designed Working Capital solutions for Pre-Profit startups, Business Credit Cards for Startups with step-up credit, a tailored ‘Founder Success Program’ and 40+ ‘Beyond Banking’ offers from its partners.

The Bank’s special ‘Founder Success Program’ offers knowledge series, masterclasses and networking sessions to engage, groom and connect with startups and contribute to their success story.