IndusInd Bank Partners With AIC STPINEXT To Support Early-Stage Start-Ups

IndusInd Bank on Monday said it has signed a memorandum of understanding with AIC STPINEXT to support early-stage start-ups and micro, small, and medium enterprises.

AIC STPINEXT is a special purpose vehicle of Software Technology Parks of India, which operates under the Ministry of Electronics and Information Technology.

The private sector lender will offer financial solutions, mentorship, and structural support to start-ups. It will also provide a specialised current account product with no quarterly average balance requirement to ease day-to-day financial management.

IndusInd Bank will conduct workshops and offer guidance on banking basics, equity infusion, and employee stock options. To help improve operational efficiency, it will also provide payroll and attendance management services at no cost to early-stage start-ups.