How Coworking can change the next-gen fintech startup scene

The way we work in the current professional scene has change dramatically over the years. Just 5 years back, traditional working environment was the only way to thrive in the industry. This has changed completely as more and more coworking communities started developing and branching out at a pace.

Today, we can see more and more startups and entrepreneurs from different sectors of the industry coming together for sustained and rapid growth.

It is not uncommon for corporates to join this movement as they are starting to see the value of being part of such a collaborative community.

One industry sector that can particularly benefit and gain traction from this movement is fintech. Entrepreneurs and independent contractors working in this sector can not only collaborate through a common coworking space but can also get access to mentors, investors and customers.

Coworking spaces like the Bangalore Coworking Hub often team with traditional banks and financial institutions to help the fintech sector reach its full potential. It can be fund raising assistance and advisory services targeted at assisting them to create and commercialize fintech business concepts. Additionally, by collaborating with banks, these startups will be able to foster innovation through partnerships.

This provides a great platform for startups who are working towards innovation and disruption in the finance and insurance sector. In addition, such communities often host fintech hackathons or hackerspaces where developers get together to design, innovate and collaborate on IT projects.