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Business Type

Dominant Leader

  • unlisted stock logo
    Fino Paytech Unlisted Shares Essentials

Discover and get a complete analysis on Fino Paytech Ltd upcoming IPO unlisted shares - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and latest updates on Fino Paytech Share Price



Face Value


Total Share


Total Income

₹86,037.22 L

Profit After Tax

-₹5,040.18 L







Market Capitalisation

₹4,571.26 Cr

Book Value

₹19,417.00 L

Intrinsic Value





Payment Infrastructure


Upcoming IPO

Cashflow - Operations

₹44,291.59 L

Cashflow - Financing

-₹7,664.03 L

Fino Paytech Growth

Compounded Sales Growth

  • 0.87%

    1 Year

  • 25.37%

    2 Year

  • 31.67%

    3 Year

Pro Only

Compounded Profit Growth

  • NA

    1 Year

  • NA

    2 Year

  • NA

    3 Year

Pro Only

Return On Equity

  • -25.96%

    1 Year

  • -8.28%

    2 Year

  • -22.72%

    3 Year

Pro Only

About Fino Paytech

  • Fino Paytech is a business and banking technology platform combined with an extensive services delivery channel, whose vision is to fulfill every financial service need of its customers.
  • Fino Paytech is a thought leader, innovator, and implementer of technology solutions for institution like banks, governments and insurance companies. Company also has tie-up with commercials banks to sell their financial products like mutual fund, insurance, to get other income.
  • Fino Paytech has developed applications to acquire micro-customer and prepares biometric products for enrollment, storage, verification. The company also takes care of day-to-day management of operations.
  • Founded on July 13, 2006, is headquartered at Mumbai, Fino Paytech is an institutional investor-driven company owned by international and Indian investors.
  • Fino Paytech offers customers multiple media such as ATMs/MDMs, POS and Mobile to carry out Bank transaction seamlessly.
  • Founder Mr. Khera has been honored and recognized as “Young Global Leader of 2011” by world Economic Forum and he has received praise for his role as one of the thought leaders in the financial inclusion and microfinance space in India.

  • Fino Paytech IPO Details

Fino Paytech has filed the draft red herring prospectus (DHRP) with the market regulator Sebi for an initial public offering on 30th July, 2021. Fino Paytech Pre IPO is waiting to come out with its IPO and it is expected to come out in 2021. You can track the Fino Paytech Share Price on this website, where it is updated regularly.

Fino Paytech
Offer for Sale

₹ 1000.00 Cr

Fino Paytech
Fresh Issue

₹ 300.00 Cr

Fino Paytech
Total IPO Size


  • Fino Paytech Merger & Acquisition


  • Recently, RBI has issued guidelines for “on tap” licensing of Small Finance Bank (SFB). Eligible Payments Bank can apply for conversion to SFB on completion of 5 years of operations as Payments Bank. SFB will open a gateway for comprehensive financial products (FD/RD/Credit) which are currently restricted under Payments Bank. Your company is exploring opportunity in light of RBI guidelines.
  • https://drive.google.com/file/d/1DFhdNURPjHqcXUZt6yYsc4WiV0GZzEw4/view?usp=sharing
  • Fino Paytech Subsidiaries

FINO Finance Private Limited  

FINO Payments Bank Limited 

FINO Financial Services Pvt. Ltd.

  • Fino Paytech Revenue Segmentation

  • Corporate
  • Lending
  • Retail
  • Others
  • Other income
  • Fino Paytech Product & Services


  • Consultancy Services
  • Financial Literacy
  • Business Correspondents Services

Hardware Solutions:

  • Biometric Smart cards
  • Backend Switches
  • Micro deposit machines

Operations Solutions:

  • Field force monitoring System
  • Transaction processing system
  • Applications service provider Solutions

Customer Enrollment solutions:

  • Its customer acquisition System allows banking services at customer doorstep which is quick and simple for customer.
  • Mobile kit-based enrolment system 
  • Card Personalization Bureau.
  • Fino Paytech Industry Overview

Industry Statistics

  • The companies which provide product mix of financial products or services are termed as Banking, Financial services and Insurance (BFSI).Their services include core banking, retail, private, corporate, investment, credit /debit cards and also stock-broking, payment gateways, mutual funds, insurance covers etc.
  • India, as a business destination, fosters all the positive for the BFSI sector to flourish at an appreciable pace. Inter – dependent factors of government policy, active public/private involvement, robust regulatory measures, and technological evolution have spurred the BFSI sector to register strong numbers in recent years.
  • BFSI sector in India is valued at ₹ 81 trillion.
  • The exponential growth of the digital payment sector is driven by multiple factors . The convenience to pay along with the availability of lucrative offers, are two key factors that have been driving the growth of digital payments in India.
  • The advent of next-generation payment systems like payment banks, digital wallets and BharatQR, is fueling digital payments furthermore.
  • Another key driver of digital payments is positive policy framework changes and government initiatives like launch of new payments systems like - UPI, Aadhar linked electronic payments and improvement of the digital infrastructure.

Future Prospects

  • India is expected to be the fourth largest private wealth market globally by 2028.
  • BFSI sector in India is valued at Rs. 81 trillion and is likely to become fifth largest in the world by year 2020 and third largest by year 2025.

Government Initiatives

  • In August 2021, Prime Minister Mr. Narendra Modi launched e-RUPI, a person and purpose-specific digital payment solution. e-RUPI is a QR code or SMS string-based e-voucher that is sent to the beneficiary’s cell phone. Users of this one-time payment mechanism will be able to redeem the voucher at the service provider without the usage of a card, digital payments app, or internet banking access.
  • Ministry of Electronics & Information Technology (MeitY) has been entrusted with the responsibility of leading this initiative on “Promotion of Digital Transactions including Digital Payments”.
  • Training and workshops on digital payments awareness with several Ministries have been conducted and planned ; MoRTH, MoHFW, Ministry of Agriculture, MSME, Department of Post, Ministry of Power, Panchayti Raj, Ministry of Defense.
  • Promotional materials on publicity of digital payments including IEC materials is being shared with stakeholders to create awareness and sensitization.
  • Digital Payment dash board has been created to track and monitor the progress of digital transactions achieved by Banks.
  • Promotion and awareness approach framework on digital payments has been shared with Banks.

Fino Paytech Awards & Achievements

  • Fino Payments Bank has received the award for outstanding performance in digital payments for FY 18-19 from Meity. Ranked 1st in digital transaction scorecard for the month of June ’19 amongst all banks
  • Best Emerging Payment Bank of the Year – ETBFSI Excellence Awards 2019
  • Fino Paytech’s Aadhar based project won the Order of merit awards as one of the Top 100 Projects in India at the Skoch New Economy Awards, 2016.
  • MD and CEO Rishi Gupta was awarded this title in ‘Winning Edge’ in the raising capital/Fund management category in year 2013.

Fino Paytech Strengths

  • The company has managed to maintain its revenue at par in FY21 compared to previous year, despite the impact of the covid-19 pandemic.
  • The company's has decreased its long term borrowings which is attributable to dilution of  unsecured non-convertible debentures from 4,471 lacs in 2020 to 1,989 lacs in 2021.
  • The company has earned more than 70% of its revenue from its retail segment which comprises of account opening (CASA), banking transactions, remittance and sale of other financial products like insurance, mutual fund etc. through branch network and merchant channel.
  • The company has developed a unique customer enrollment system which uses minimal technology and allows the underserved and unbanked population to gain an access to banking and holds a dominant position in that segment.

Fino Paytech Shortcomings

  • Due to the net loss in FY'21 being higher than FY'20, the company's retained earnings have become further negative. This has decreased the total equity of the company which can harm the company's growth.
  • The company's current ratio has decreased due to the total current liabilities increasing massively as a result of the large increase in deposits from customers and payables on account of BC business. This will unfavorably affect the short term liquidity of the company.

Fino Paytech Opportunities

  • The company deals in enrollment solutions which helps them to capture the micro consumers. According to a findex report, there is approximately 190 million unbanked population in India living in rural settlements with no means or access to banking which can still be captured. The company needs to work on newer and more innovative methods to provide access to banking in such uncaptured markets

Fino Paytech Threats

  • Even though the company is an innovator in technology solutions, lately they have not come up with new products or services which might harm their business in the long run.
  • The company is mainly focusing on their retail segment which includes sales of cards and devices, due to which other segments like enrollment and operations solutions are not able to grow. This lack of diversification is may hinder company's growth.
  • The competitors of the company also pose a major threat to the business.
Fino Paytech Rating



  • Fino Paytech Detail Info

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Reg Office: SK Elite, 5th Floor, Plot No D- 404 and D- 405, TTC Industrial Area, MIDC Turbhe, Navi Mumbai- 400705

Website: https://www.finopaytech.com/