Zone Startups India’s Xcelerator: X-Border Fintech Solutions program is a thematic fast paced accelerator program to nurture global regtech, suptech and cyber/data security ventures in the BFSI space under the aegis of the esteemed International Financial Services Centres Authority (IFSCA), a unified regulator established by the Government of India. Zone Startups India has obtained the prestigious Limited Use Authorization under IFSCA’s Fintech Incentive Scheme 2022

The program will welcome fintechs and techfins from India and other FATF compliant jurisdictions

The regulatory reporting, compliance, risk management and cyber security are core areas for the BFSI sector. There is an increasing need for digitalization of various processes as well as use of data analytics so as to bring speed, cost efficiencies and accuracy at scale. Tech based solutions in this domain generally have universal applications across jurisdictions and the Xcelerator will aim to nurture the cohort for scaling globally.

Program Details

Program Themes

Regulatory Technology Supervisory Technology Cyber/Data Security

Cohort Size 12

Application open for 5 Startups (7 pre-selected)


4 weeks



Eligibility and Selection Criteria

Growth/Revenue stage fintechs or techfins or technology startups or software businesses having customer/market validated solutions

Solutions to be in the BFSI RegTech including Cyber/Data Security and Risk Management domains

A private limited company in India and similar entity type in FATF compliant overseas jurisdictions

Commitment to apply for Limited Use Authorisation under Fintech Entity Framework

*Exceptional MVP stage businesses may be considered.

Underlying Technology Focus

Artificial Intelligence, Machine Learning, Data Science, Big Data Mining, Data Analytics and Governance, Blockchain and Distributed Ledger Technologies, Cloud Computing, Robotics Process Automation, Internet Of Things, Robotics, Augmented/Virtual Reality, Virtualisation and Low/No Code Solutions

Note: While the above technology areas are the focus, solutions built on other technologies would be welcome

Program Phases and Timelines

The program will be executed in two phases

Phase I

Application Sourcing and Selection

July 27th - Aug 5th 2023
Phase II

Acceleration Sessions and Networking

Aug 19th - Sept 15th 2023

Key Takeaways and Benefits

Mentoring and Networking

Access to the IFSC, GIFT City ecosystem & handholding for IFSCA’s Limited Use Authorisation application

Special offers/credits/etc. from Business Support Solution partners

Support in setting-up Business Entity/Operations in IFSC, GIFT City

Opportunities to Interact with regulators, corporates and other market players

Opportunity to apply for Authorisation under IFSCA’s Fintech Incentive Scheme 2022

For more details