What is FINO PayTech?
Founded in 2006 and headquartered in Navi Mumbai, India, FINO PayTech is a prominent provider of technology-based solutions and services focused on advancing financial inclusion. The company strategically serves a diverse clientele, including financial institutions, government agencies, and insurance providers, by delivering innovative and accessible financial services. FINO PayTech's core mission revolves around leveraging technology to bridge the gap in financial access for underserved populations and businesses.
How much funding has FINO PayTech raised?
FINO PayTech has raised a total of $52M across 2 funding rounds:
Private Equity
$37.4M
Private Equity
$14.7M
Private Equity (2016): $37.4M with participation from Bharat Petroleum
Private Equity (2017): $14.7M led by ICICI Prudential Life Insurance
Key Investors in FINO PayTech
ICICI Prudential Life Insurance
ICICI Prudential Life Insurance, established in 2000, is a significant player in the life insurance sector, operating as a joint venture between ICICI Bank and Prudential Corporation Holdings. The company offers a comprehensive suite of products including life insurance, pensions, and health insurance for both individual and group clients.
Bharat Petroleum
Bharat Petroleum, a Global Fortune 500 enterprise founded in 1952, is India's second-largest public sector oil company. Specializing in energy production, refining, and distribution, the company boasts four domestic refineries and a significant international presence across multiple continents.
What's next for FINO PayTech?
With its recent major strategic investment, FINO PayTech is poised for accelerated growth and enhanced service delivery. This capital infusion is expected to fuel further technological development, expand its operational reach across India, and strengthen its partnerships with key institutions. The company's focus on financial inclusion, coupled with its enterprise-level backing, positions it to capitalize on emerging opportunities in the rapidly evolving fintech landscape, potentially leading to new product launches and market penetration strategies.
See full FINO PayTech company page
