Barclays has collaborated with 91springboard to launch Rise, its physical and virtual global start-up community, in Mumbai, India to support fintech innovation.

Rise Mumbai, expected to be launched during the second quarter of 2016, will help Indian technology entrepreneurs gain access to a global network of experts, businesses and partners.

91springboard will offer Rise access to the former’s startup community that is spread across six Indian cities.

The hub will comprise co-working facilities, events and meeting spaces for fintech firms. Members of the hub will get access to Barclays mentors and will be linked to other Rise global sites.

The British banking group has already opened Rise hubs in London, Manchester, New York and Cape Town, and has announced plans to open a Rise hub in Tel Aviv, Israel.

Barclays head of Rise and group innovation office Lubaina Manji said: "We are very excited about the launch of Rise in India. With this, we intend to provide a model for global collaboration, innovation and growth in financial technology to the budding fintech entrepreneurial eco-system in India, enabling them to grow and achieve the scale and success they deserve."