ftcash is one of India’s fast-growing financial technology venture, recognized by Forbes, which aims to empower micro-merchants and small businesses with the power of credit using digital payments, using only a bank account and a feature phone. ftcash uses its proprietary algorithm to understand the credit-worthiness using their transaction flow data on the ftcash payments platform along with several other data points including psychometric analysis, which can be leveraged to provide these SMEs institutional finance and recollect the money from their daily transactions. ftcash works with Banks and Financial Institutions to deploy its solution for all their SMEs. After a successful launch in India in 2015, ftcash is expanding globally. ftcash is being supported by PayPal and MasterCard to enable merchant services globally.
Nominated for: Best Lending Platform
ftcash is one of India’s fast-growing financial technology venture, recognized by Forbes, which aims to empower micro-merchants and small businesses with the power of digital payments and loans, only using a bank account and a feature phone. ftcash aggregates all payment methods including credit/debit cards, net banking, various mobile wallets, UPI and PayPal to create an open platform for merchants to initiate digital payments in less than 5 minutes. Additionally, ftcash creates unique and proprietary transactional data which can be leveraged to provide institutional finance to these merchants. After a successful launch in Mumbai in mid-2015, ftcash has expanded countrywide by acquiring merchants across various segments. The team comprises of senior executives from Deutsche Bank, KPMG, Capital One, World Bank among others with a pedigree from Wharton, Harvard, IITs, SRCC etc. ftcash was incubated by PayPal and is now in a strategic partnership with MasterCard to enable merchant services. It was awarded by Prince William and Kate Middleton as a winner at the UK Trade and Investment – Great Tech Initiative. Most notably, ftcash was recognized at TechCrunch Disrupt Battlefield, Berlin, Singapore Fintech Festival and Abu Dhabi Fintech Festival in 2017. The company has also won several other accolades that include Mastercard GlobaI StartPath, IBM Fintech Smart Camp, Red Herring Asia 50, IIM Ahmedabad CIIE-IIFL Fellowship, KPMG Hot 100 Startups, NASSCOM Emerge 50, iSPIRT InTech 50, The Fintech20 India, mBillionth Award South Asia, ISB-SAP Social Enterprise Jumpstart, Action for India 100, Village Capital Program among other accolades. ftcash was selected for World’s first Impact Investment Show – The Real Deal on NDTV and Young Turks on CNBC. ftcash is funded by IvyCap Ventures, 500 Startups and several other marquee investors.