FinTech Company Investment Opportunity in Mumbai, India
Our client acts as a business correspondent to banks. They facilitate banking services in areas where banks are unable to open brick and mortar branches. Through their vast network of agents, they provide affordability and easy accessibility to this unbanked population.
Armed with the finest technology, they help in taking the banks to the doorsteps of rural households in over 6 lakh villages. With over 1 lakh transactions everyday, they reach out to families across India.
The rural masses get access to banking services like cash withdrawal, cash deposits, payments, balance inquiry and statement of account that can be completed with the ease of using fingerprint authentication.
The residents of villages with these agents do not have to walk 5-10 kilometers anymore to do a banking transaction.
- Withdrawal of money - Cash can be withdrawn from desired bank account or EMI can be collected.
- Deposit of money - Cash can be deposited into the desired bank account.
- Cash Collection - Cash is collected on behalf of banks and corporates.
- Account opening - Different bank accounts can be opened.
- Transfer of Money - Cash to Bank Transfer. Unlike Bank to Bank or wallet to wallet.
- Prepaid Cards and Bill Payments.
1 week, 3 days agoDirector, Healthcare Products, Mumbai, Corporate Investor / Buyer connected with this business
1 week, 4 days agoManaging Director, Ahmedabad, Financial Consultant connected with this business
Earlier than 15 daysPartner, Sabre Partners Private Equity, Mumbai, Private Equity Firm connected with this business