Finance company Fingular launched its complete digital financial services in the Indian market under its subsidiary label TrustPaisa licensed by the Reserve Bank of India, on Thursday.
The company said its target customer base for the Indian market is over 300 million people which encompasses individuals with irregular income, young professionals who have just started their careers, small business owners and entrepreneurs, and low to middle-income individuals.
Vadim Gurinov, co-investor in Fingular said, “We are very honoured to have this amazing opportunity to bring our fully digital, seamless and life-improving services to millions of people in India, a truly technologically advanced and rapidly developing nation.”
By 2025, TrustPaisa unveiled its plans to expand its range of services in India, by introducing BNPL (Buy Now Pay Later) products and enabling open current account savings accounts digitally for its partner banks.
“We anticipate the number of our clients in India to at least triple this year as people become accustomed to a superior level of service,” said Maxim Chernushenko, Fingular’s CEO.
Fingular’s team is hopeful that the decision-making process to soon be refined in the market, aligning with the commitment to providing swift and efficient services to TrustPaisa’s clients.
Fingular, based in Singapore, is a financial group focusing on serving the aspiring population of developing markets. It aims to create ecosystems of interconnected companies, each with its own suite of innovative solutions and dedicated teams.
To read more on Technology, head to the link.
