January 17, 2017 4:53 AM ET


Company Overview of FINO PayTech Ltd.

Company Overview

FINO PayTech Ltd. offers designing and implementing technology solutions for banks, micro finance institutions (MFIs), insurance companies, government entities, and consultants in India. Its products include FINO Tijori, a biometric smart card based no frills saving account product that enables banks/MFIs to offer financial products, such as loans, remittance, and insurance to their customers by issuing multi-application smart cards; FINOSaral, an end-to-end loan management solution that enables each branch of the bank/MFI to reach out to a large number of loan applicants and process the loan applications; and FINO Tatkaal, which provides a technology platform and processing capabilities for...

Plot no. 38 & 39, Sector 30

Near Sanpada Railway Station

Sanpada west

Navi Mumbai

Mumbai,  400705


Founded in 2006


91 22 4161 3466


91 22 2781 0721

Key Executives for FINO PayTech Ltd.

Chief Executive Officer, Managing Director and Director
Head of Operations
Head of Systems
Chief Technology Officer
Director of Business Development & Government Initiatives
Compensation as of Fiscal Year 2016.

FINO PayTech Ltd. Key Developments

FINO PayTech Eyes Financing Through Share Sale

FINO PayTech Ltd. is seeking financing. The company is planning for an additional round of funding through stake sale. The company has already raised INR 2.5 billion from Bharat Petroleum Corporation Ltd.

FINO PayTech Ltd. Presents at Citi India Investor Conference, Jun-08-2016 09:00 AM

FINO PayTech Ltd. Presents at Citi India Investor Conference, Jun-08-2016 09:00 AM. Venue: The Trident Hotel, C-56, G Block, Bandra Kurla Complex, Mumbai - 400051, Maharashtra, India. Speakers: Rajeev Arora, Chief Technology Officer.

FINO PayTech To Raise Funds

FINO PayTech Ltd. intends to raise funds through private equity. The company will name its bank 'Fino Payments Bank', which plans to start operations in 2016. Rishi Gupta, Managing Director and Chief Executive Officer of the company said: "The name of the bank will be Fino Payments Bank, and Fino PayTech is the operating holding company of the bank. As per regulation, 51% holding should be domestic for the promoter entity. In the bank, foreign shareholding can be 74%. So there is higher restriction for the promoter and lower restriction for the bank. Right now, Fino as promoter has 70% foreign shareholding. That needs to be brought down. As we are raising INR 4 billion to INR 5 billion, this will help us reduce the foreign shareholding. We are planning to raise the resources from private equity, strategic investors."

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