June 23, 2018 2:45 PM ET

Software

Company Overview of FINO PayTech Limited

Company Overview

FINO PayTech Limited 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 ...

Plot no. 38 & 39, Sector 30

Near Sanpada Railway Station

Sanpada west

Navi Mumbai

Mumbai,  400705

India

Founded in 2006

Phone:

91 22 4161 3466

Fax:

91 22 2781 0721

Key Executives for FINO PayTech Limited

CEO, MD & Director
Head of Operations
Head of Systems
Chief Technology Officer
Director of Business Development & Government Initiatives
Compensation as of Fiscal Year 2017.

FINO PayTech Limited Key Developments

SoftBank, Temasek & PE Eye 33% Stake in FINO

SoftBank Group Corp. (TSE:9984), Temasek Holdings (Private) Limited and a private equity fund managed by Morgan Stanley (NYSE:MS) are in talks to buy a one-third stake in FINO PayTech Limited. The proposed deal will include buying out The Blackstone Group L.P. (NYSE:BX)'s 26% stake in FINO PayTech and acquiring a 7% holding through a primary issue of shares. Credit Suisse has been mandated to find a buyer, people with knowledge of the matter told Economics Times. When contacted, Blackstone declined to comment. Mails sent to Soft-Bank Group, Temasek, Morgan Stanley and FINO remained unanswered till the time of going to press.

FINO PayTech Looking For Acquisitions

FINO PayTech Limited is looking to acquire start-ups in the area of banking and mobile technology products.

FINO To Raise INR 2 Billion From Strategic Investor

FINO PayTech Limited is looking to raise up to INR 2 billion in core capital over the next few months and a listing in about four years, a top official said. "We had a requirement of around INR 6 billion but raised only INR 4 billion in capital in the last round. We will be raising INR 1.5-2 billion in the next few months," Fino''s managing director and chief executive Rishi Gupta said on July 17, 2017. It already counts on ICICI Bank and state-run oil marketing company BPCL as its strategic investors who own 20% each in Fino.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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