IFSCA inks MoU with World Bank promoted GVFL Limited for strengthening the FinTech ecosystem in GIFT IFSC

• The International Financial Services Centres Authority (IFSCA) and GVFL Limited signed a Memorandum of Understanding (MoU) at Gift City on April 07, 2022 for co-operation and collaboration to support and facilitate FinTech ecosystem in GIFT IFSC.
• GVFL Limited is pioneer of Venture Capital in India, managed by an independent and autonomous Board.
• The company was set up in 1990 and is based in Ahmedabad, Gujarat. It is promoted by World Bank and Government of Gujarat.
• The main purpose of the Company is to support venture capital ecosystem in multiple sectors including FinTech sector by funding and encouraging entrepreneurs with innovative Ideas.

Points to Remember:

1. IFSCA has signed MoU with which company to support and facilitate FinTech ecosystem in GIFT IFSC?
2. GVFL Ltd is based in which state?
3. GVFL Ltd is promoted by which international institution?

Source: PIB