Trust Fintech
Core banking, ERP, and IT software solutions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor investor | €0.0 | round | |
* | N/A | $761k | IPO |
| Total Funding | 000k | ||
| INR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | (11 %) | 5 % | 19 % | (26 %) | 28 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 11 % | 8 % | 14 % | 12 % | 12 % | 26 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 6 % | 5 % | 10 % | 9 % | 8 % | 18 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Trust Fintech Limited is a Nagpur-based software-as-a-service (SaaS) company specializing in core banking software, IT solutions, and ERP implementation for the Banking, Financial Services, and Insurance (BFSI) sector. Originally incorporated as Trust Systems and Software (India) Limited on December 15, 1998, the company was founded by Hemant Chafale, Heramb Ramkrishna Damle, and Mandar Kishor Deo. The company changed its name to Trust Fintech Limited in December 2023 and went public with an IPO on the NSE SME platform in March 2024.
The company's business model is centered on the development, implementation, and deployment of its software products, primarily on a SaaS basis, which provides a recurring revenue stream. Its flagship products are TrustBankCBS, a comprehensive core banking solution for medium to large financial institutions, and MicroFinS, a cloud-based solution for smaller cooperative societies, SACCOs, and microfinance institutions. Trust Fintech also offers solutions for loan origination, anti-money laundering (AML), GST compliance, and SAP Business One services. The company serves a global client base across more than 25 countries, including commercial banks, cooperative banks, and various financial institutions.
The leadership team includes the founders, with Hemant Chafale serving as CEO & Managing Director. His background is in instrumentation engineering and control systems. Mandar Kishor Deo, the Technical Director, has a background in science and computer programming. Heramb Ramkrishna Damle, the Marketing Director, holds degrees in mechanical engineering and business administration. Sanjay Chafale manages North & South America operations and is a partner in the US-based subsidiary, SofttrustUSA LLC. In June 2024, Trust Fintech acquired a majority stake in TFL TECH INC, a US entity, to expand its presence in North America. The company is CMMI Level 5 and ISO 27001 certified.
Keywords: core banking solution, BFSI software, ERP implementation, SaaS for banking, financial technology, MicroFinS, TrustBankCBS, SAP B1 services, loan origination software, anti-money laundering software, IT services for banks, cooperative bank software, GST compliance, digital banking solutions, mobile banking apps, cloud banking, offshore IT services, payment systems integration, banking automation, financial software