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Ftcash is based in Mumbai and aims to empower the underserved micro-merchants through financial inclusion using digital payments and loans
Mumbai based Ftcash is Forbes recognised financial technology venture which aims to empower micro-merchants, small businesses, retail chains and home based entrepreneurs with the power of mobile payments. The team at Ftcash comprises of CXOs from Deutsche Bank, KPMG, World Bank among others with a pedigree from Wharton Business School, Harvard University, SRCC, IIT Bombay. ftcash provides a software and hardware based full-stack payment solution to small merchants to initiate digital payments quickly. 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.
Legal Name
:
Nomisma Mobile Solutions Pvt Ltd
Headquarters
:
Mumbai, Maharashtra , India
Business Model
:
Founding Date
:
Aug 2014
No. of Employees
:
101 to 150
Core Team
:
1.
Vaibhav Lodha
Co-Founder
2.
Sanjeev Chandak
Co-Founder & CEO
3.
Deepak Kothari
Co-Founder
2015
Nov | Accelerator / Incubator Program
Paypal Incubator, Facebook - AI for Social Good and Mastercard Startpath
2018
Nov | Awards
Awarded $250,000 by MIT for Most Inclusive Innovation Company Globally, HRH The Duke and Duchess of Cambridge Prince William and Kate Middleton as a winner at the UK Trade and Investment, President of India at Pitch@RB, TechCrunch Disrupt Battlefield
B2B
Micro-merchants, Micro-Entrepreneurs, Businesses, SMEs and Retailers
Client Segment
:
FMCG,
Retail,
Clothing & Apparel
Target Companies
:
Small Enterprise
Target Geography
:
B2C
Digital Payment Customers
User Age
:
35 to 45,
18 to 25,
26 to 34,
46 to 60
User Income
:
Upper-middle Income,
Lower-middle Income,
High Income
Location
:
Total Funding
$10.2M
Investors
:
1.
IvyCap Ventures Advisors Private Limited
2.
Singapore Angels
3.
Tracxn labs
4.
Accion Venture Lab
See More
$7.1M
Series Name
:
SERIES-A
Date
:
2nd May 2019
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