PayU, AWS Launch second cohort programme-inFINity 2.0

Payments service provider PayU, in partnership with Amazon Web Services (AWS), has launched the second round of their fintech-focused accelerator program ‘ inFINity 2.0 ’ for early-stage Indian startups.

The program will focus on startups looking to raise less than $10 million between the seed and Series A stages.

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Applications for the program will be open from December 12 and close on February 15, 2025, according to PayU's statement.

InFINity 2.0 is a 12-week hybrid accelerator program starting in March 2025. It includes a 3-day in-person boot camp in Bengaluru, followed by virtual office hours.

PayU also mentioned that it has committed to investing up to $5 million in each company that meets its investment criteria.

The program offers a range of benefits, including customized masterclasses led by experts from finance, banking, and fintech. 

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Participants will also gain access to PayU's large networks of merchants, banks, and consumers, along with potential investment opportunities from Prosus and other investors.

“By leveraging PayU’s operational expertise alongside Prosus’ extensive investment expertise and AWS’s leading cloud solutions, we aim to empower the country’s fintech entrepreneurs to accelerate their businesses and develop innovative solutions that address the dynamic financial needs of Indians ,” said Anirban Mukherjee, chief executive at PayU.

“InFINity 2.0 reflects our commitment to fostering innovation and nurturing the fintech ecosystem for early-stage startups in India. Having backed impactful fintech startups like Fisdom, IndiaGold, and Vayana, we continue to double down on India’s fintech ecosystem,” he added. 

The selected startups will also receive AWS Activate credits and $100,000 in PayU Startup Program credits and discounts to help support their growth, according to the payments company.

This accelerator program comes a year after the first version of inFINity was launched in July 2023, in partnership with AWS and Chiratae Ventures. The first cohort had 30 startups and led to a $5 million seed investment in the cross-border payments platform BRISKPE.

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