Fino Payments Bank Listed
Fino Payments Bank is an RBI-licensed Indian payments bank set up in 2006 as a payments technology company; it meets the needs of financially underserved segments -- low-income households, gig-economy workers and rural communities -- through an asset-light, merchant-led banking model, serving over 16 million customers through more than two million merchants across 97% of India's pincodes.
Fino Payments Bank: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 29 Jul 2016 | Private Equity | ₹251 Cr (~$37.6 Mn) for 21% stake | Bharat Petroleum Corporation Limited (BPCL) | source |
| 7 Jul 2011 | Private Equity | ₹150 Cr (~$33 Mn) | Blackstone | source |
| 6 Jun 2007 | Private Equity | $5.0 Mn | International Finance Corporation (IFC) | source |
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Who founded Fino Payments Bank?
Fino Payments Bank was founded by Manish Khera, Rishi Gupta in 2006.
How much funding has Fino Payments Bank raised?
Fino Payments Bank has raised $75.6 Mn across 3 tracked funding round(s), most recently on 2016-07-29. Figures are compiled from cited public sources.
Who are the investors in Fino Payments Bank?
Investors in Fino Payments Bank include Bharat Petroleum Corporation Limited (BPCL), Blackstone, International Finance Corporation (IFC).
What does Fino Payments Bank do?
Fino Payments Bank is an RBI-licensed Indian payments bank set up in 2006 as a payments technology company; it meets the needs of financially underserved segments -- low-income households, gig-economy workers and rural communities -- through an asset-light, merchant-led banking model, serving over 16 million…
Where is Fino Payments Bank headquartered?
Fino Payments Bank is headquartered in Navi Mumbai, Maharashtra, India.
What is Fino Payments Bank's business model?
Fino Payments Bank's core value proposition centers on Asset-light alternative to conventional banking, Local, friendly, proximate banking partner, Financial inclusion for underserved segments, Near-universal reach across India.
How does Fino Payments Bank make money?
Fino Payments Bank's cited revenue streams include Domestic and international remittances, CASA (current & savings account) income, Treasury and other segments, Cash management services (CMS).