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November 30, 2015 7:58 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 2015.

FINO PayTech Ltd. Key Developments

FINO PayTech Seeks Private Placement

FINO PayTech Ltd. is mulling to raise $60-80 million in the next six months most probably through a private placement with strategic investors or one or more PE player, according to Rishi Gupta, Managing Director and Chief Executive Officer at FINO PayTech.

Shareholders To Sell Stake In FINO

The Blackstone Group L.P. (NYSE:BX) and Intel Capital intends to sell stake in FINO PayTech Ltd. FINO Paytech has secured licence for payments bank and has to reduce foreign shareholding to 49% from current 70% before launching payments bank. Blackstone holds 20% while intel holds 15%.

FINO PayTech Appoints Rishi Gupta as Managing Director and CEO

Rishi Gupta, previously the COO and Executive Director of FINO PayTech, has been appointed the company's Managing Director and CEO. Gupta had been overseeing the business operations of the company since December 2013, and assumes charge with immediate effect. He has been with FINO for over 8 years and was earlier its CFO.

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