Fino Paytech, founded on 13th July, 2006, is headquartered at Mumbai, with offices across India. It is a business and banking technology platform combined with an extensive services delivery channel, whose vision is to fulfil every financial service needs of its customers, and thus become their universally preferred choice. Fino Paytech is an institutional investor-driven company owned by international and Indian investors. The company has emerged as a though leader, innovator, and implementer of technology solutions for institutions like banks, micro-finance institutions, government entities, and insurance companies. As an alternate banking channel, Fino Paytech enables seamless end-to-end customer sourcing and servicing. Fino Paytech Limited Group is primarily engaged in providing technology-based solutions and services related to financial inclusion. It is a business and banking technology platform combined with extensive services delivery channel. The Group includes a Non-Banking Financial Company – Non-Deposit Accepting or Holding Company (‘NBFC-ND’) registered with Reserve Bank of India (‘RBI’). It is engaged in providing finance to poor women in rural areas of India who are organized as Joint Liability Groups (‘JLG’). Group services institutions like banks, microfinance institutions, government entities, and insurance companies.

Fino Paytech is a leader in banking and technology solutions, offering a comprehensive platform for institutions like banks, governments, and insurance companies. They provide an alternate banking channel that enables end-to-end customer acquisition and service through their robust in-house technology and extensive service delivery network. Their innovative business model addresses the scalability and serviceability challenges of traditional banking, leveraging versatile operations and deep customer insights.

Business Segments

Solutions:

• Customer Enrolment Solutions: Fino Paytech has developed applications that can be used to effectively acquire micro customers. This can be achieved using simple processes and minimal hardware (including mobiles) to address the infrastructural challenges on the ground. Fino Paytech's services also assist Indian entities in leveraging this technology towards rapid acquisition of micro customers.
• Hardware Solutions: Fino Paytech provides a full suite of biometric products for enrolment, storage and verification, while also maintaining all back-end system elements – thus enabling them to develop and offer exclusive financial inclusion applications.
• Operations Solutions: The operations solutions team manages data messaging to churn out the required information for day-to-day planning and operations management. The principals may either utilise some of the pre-designed reports by Fino Paytech or ask for customised reports.

Services:

• Business Correspondents Services: Their business correspondent services, led by Fino Paytech, financially include underserved rural masses across 499 Indian districts by providing savings, deposits, insurance, remittance, and implementing the government's EBT scheme.
• Consultancy Services: Fino Paytech Consultancy Services (FCS) bridges the gap between formal financial institutions and unbanked populations globally, adding value to emerging branchless and micro banking channels in developing countries through its consultancy services and knowledge sharing.
• Financial Literacy: As an independent channel, they focus on raising customer awareness of financial products through various financial literacy initiatives and providing access to financial products and services.