Trust Fintech Ltd

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About Trust Fintech Ltd

Trust Fintech Limited (TFL) was originally incorporated on December 15, 1998 as 'Trust Systems and Software (India) Limited with the Registrar of Companies, Mumbai. The Company was converted from a Private Limited to Public Limited and the name of the Company was changed to Trust Systems and Software (India) Limited' via fresh Certificate of Incorporation dated September 29, 2023 issued by the Registrar of Companies, Mumbai. Further, Company changed its name from 'Trust Systems and Software (India) Limited' to 'Trust Fintech Limited' on December 14, 2023. Trust Fintech Limited is basically a Nagpur based SaaS Product focused company which has carved a niche in providing Core Banking Software, Loan Origination Systems (LOS), IT Solutions, ERP Implementation and Customized Enterprises Apps, SAP B1 and Offshore IT services for the BFSI Sector. The Company is involved into Implementation, and deployment of Core banking Software i.e. TrustBankCBS or MicroFinS. TrustBankCBS mainly serves the needs of medium to large banks & financial institutions and MicroFinS serves the needs of Small & growing Co-operative Societies, SACCOS & similar banking institutions. Their flagship product, TrustBankCBS, is a web-based software and alternatively, is available as Off-the-Shelf Banking Software Solution. TrustBankCBS, with its diverse in-built modules, streamlines banking operations by offering end-to-end solutions. It facilitates seamless customer onboarding, KYC compliance, and r ...obust loan management. The system enhances front office and back office efficiency, ensuring smooth retail and corporate banking services. It provides features like digital banking interfaces, statutory compliance reports, and anti-money laundering tools, contributing to operational transparency and regulatory adherence. With modules for treasury management, funds automation, and business intelligence, TrustBank CBS empowers banks to operate efficiently, meet compliance requirements, and deliver a superior customer experience. Also, the Company has served this Core Banking Software Product (TrustBankCBS) in India Sri Lanka, Nepal, California, Ghambia, Tanzania, Ghana, Liberia, Nigeria, Zimbabwe, and few more countries. On the other hand, MicroFinS is a cost-effective, cloud-based Core Banking Solution for Savings & Credit for Co-operative Society (SACCOS), Credit Unions, Microfinance Institutions. Developed on an open-source platform i.e. PHP, MYSQL Running on Ubantu Linux OS. So, it is a complete CBS with a minimal total cost of ownership (TCO) compared to alternatives available for SACCOS. MicroFinS offers a comprehensive suite of solutions, covering diverse accounts, deposits, centralisable configurations, business intelligence, loans, and statutory compliances. Its graphical Business Intelligence reports enable quicker decision-making, while features like configurable loan products and centralized parameters streamline operations, making it a valuable asset for SACCOS by focusing on affordability and efficiency. Company acquired additional facility in Mihan SEZ, Nagpur admeasuring area of 8093.71 square meters and entered into an agreement for the same on 04th October, 2024. Company, during the F.Y. 2024-25, acquired 90% stake in US company, TFL TECH INC, Delaware, USA on June 25, 2024 & also incorporated a subsidiary company in UK, Trust Fintech Limited, UK on 16th January, 2025 with 90% shareholding stake. Company issued and allotted 62,82,000 equity shares of Rs 10 per equity share through IPO and raised a fresh issue of 63.45 cr. on March 28, 2024. The Company has completed projects including Credit Union - USA (CBS & LOS); Microfins Platform, ONDC Buyer & Seller Apps, PMEGP Portal, OCR Reading Engine integrated in all products, Functional Upgrade of Trust Bank CBS, LOS/LMS/RA/MIS-for NBFC, BANL Switch in FY 2025.

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