Widening Horizon     

Published: February 15, 2025
Updated: February 15, 2025

Trust Fintech Ltd

Enters greener pastures with Opening branches in UK, USA

Trust Fintech Ltd, a Nagpur-based company, is well-positioned in ‘Software as a Service (SaaS)’ solutions for the banking, financial services and insurance (BFSI) sec tor, with its robust product portfolio, certifications and glo bal footprint.

The company is now moving to greener pastures and has opened offices in the UK and the US to cater to banking and finance companies overseas, thereby enjoying im proved operating margins. It already serves clients in over 25 countries, including Sri Lanka, Nepal, the US (Califor nia), Gambia, Tanzania, Ghana, Liberia, Nigeria and Zim babwe.

The company has partnerships with leading technol ogy entities, including Microsoft and SAP. This apart, it col laborates with various banks and financial institutions to provide innovative solutions and services.

KEY PRODUCTS

Trust Fintech’s key product and services include: TrustBankCBS: A comprehensive core banking solu tion tailored for the BFSI sector. MicroFinS: A cloud-based core banking solution designed for small and growing co operative societies, SACCOs, Credit Unions, and Microfinance Institutions.

Loan Origination Solution (TrustLOS): An easy-to-use, web-based interface for efficient loan applica tion acquisition.

Other products and services include: Digital Reconcilia tion and Statutory Re ports: Solutions for BFSI statutory reporting and reconciliation.

GST Solutions: Software for GST com pliance. AI and ML-Based Solutions: Enhancing bank efficiency, security and customer experiences through artificial intelli gence and machine learning.

The company’s products are designed to be flexible and configurable so as to meet regulatory changes and com pliance requirements.

PROFIT SURGE

For FY24, Trust Fintech earned an impressive net profit of Rs 12 crore on a higher sales of Rs 35 crore as against a net profit of Rs 4 crore on sales of Rs 22 crore in the previ ous year (FY23). During the same period, the company’s operating margins improved to 47.68% from 24.16% and the net profit margins improved to 35.67% as against 17.84%.

Trust Fintech went public in April last year with an IPO of Rs 63.45 crore, and is currently listed in the SME space. The funds raised are currently being used for IT upgrades, product enhancement, sales and corporate expenses. The company is also gearing to enhance its ex isting products, integrate RBI reporting features, customize CBS for North American credit unions, enable loan origination on the ONDC platform, and expand offerings globally with AI-driven risk management and GST integration.

Trust Fintech Ltd shows promising potential with its strong market position, diversified prod uct portfolio and strategic expansion plans.