(i) Fino Paytech, founded on July 13, 2006, is headquartered at Mumbai, with offices across India. It is a business and banking technology platform combined with an extensive services delivery channel, whose vision is to fulfill every financial service needs of its customers, and thus become their universally preferred choice.
(ii) Fino Paytech is an institutional investor-driven company owned by international and Indian investors. The company has emerged as a thought leader, innovator, and implementer of technology solutions for institutions like banks, micro-finance institutions, government entities, and insurance companies. As an alternate banking channel, Fino Paytech enables seamless end-to-end customer sourcing and servicing.
(iii) FINO PayTech Limited Group is primarily engaged in providing technology-based solutions and services related to financial inclusion. It is a business and banking technology platform combined with extensive services delivery channel. The Group includes a Non-Banking Financial Company – Non-Deposit Accepting or Holding Company (‘NBFC-ND’) registered with Reserve Bank of India (‘RBI’). It is engaged in providing finance to poor women in rural areas of India who are organized as Joint Liability Groups (‘JLG’). Group services institutions like banks, microfinance institutions, government entities, and insurance companies. The Group includes a Bank which offers services such as current and savings accounts, remittances, business correspondent, mobile banking, bill payments and third party financial products distribution. The Bank is engaged in providing various types of financial services to the rural, poor, and underserved and unserved classes to help them be economically self-reliant.
What Does This Company Do?
A) Customer Enrollment Solutions
(i) Fino Paytech has developed applications that can be used to effectively acquire micro customers.
(ii)Â Unlike a banking model that requires customers to physically visit a branch, Fino Paytech’s Customer Acquisition System allows customers to be enrolled/acquired at the convenience of their doorstep. This process is quicker and simpler for customers as well as banks, while at the same time, it retains the core essence of banking as well.
(iii) An enrollment station typically consists of a laptop connected to a web camera, a fingerprint scanner, and a signature pad (optional).
B) Hardware Solutions
(i) Fino Paytech provides a full suite of biometric products for enrollment, storage, and verification, while also maintaining all back-end system elements – thus enabling them to develop and offer exclusive financial inclusion applications.
(ii)Â This technology enables Fino Paytech’s clients to offer a rich variety of simple and accessible solutions with a whole range of products – including handheld devices, biometric smart cards, backend switches, and micro deposit machines.
C) Operation Solutions
The operations solutions team manages data messaging to churn out the required information for day-to-day planning and management of operations. The principals may either utilize some of the pre-designed reports by Fino Paytech or ask for customized reports.
D) Services
(i) Consultancy Service
(ii) Financial Literacy
To whom they serve?
A) Banks
(i) Joint Liability Group Loans- In the banking system, JLG is a lending model that enables a group of individuals (usually five) to take loans for income-generating activity by forming a group, wherein group members guarantee each others’ loans. FINO has been doing JLG lending on behalf of various banking partners and on its own books since 2008. FINO’s solution provides a platform to source and service customers for group-based micro-finance lending.
(ii) Recurring Deposit – Recurring deposits are an ideal way to invest small amounts of money every month and end up with a large kitty on maturity. Fino Paytech is the first and only entity to provide a recurring deposit for micro customers, which becomes a committed savings product for this customer segment.
(iii) Money Transfer – They provide a fast, reliable, and convenient platform to transfer money domestically from the remitter to the beneficiary via Intra-bank (home bank), Inter-bank (NEFT), and the IMPS facility.
B) Government
(i) MNREGA- The Fino Paytech provides cards that function on a pan-India basis. The cards can be used to make domestic payments across 50,000+ villages in the country. The usage of biometric technology has largely reduced the possibilities and instances of misuse and malpractices as far as payments to citizens are concerned.
(ii) Social Security Schemes- Many State Governments are using Fino Paytech architecture, based on fingerprint usage as validation, across the country to deliver social security schemes to citizens. This has to lead to substantial savings in terms of resources for the government.
C) Insurance
Fino Paytech’s cutting-edge technological solution has become a game-changer in India’s health micro-insurance sector. The solution empowers insurance companies to reach out to customers at the bottom of the pyramid and cater to their particular financial needs, while at the same time maintain financial viability as well.
Rashtriya Swasthya Bima Yojana (RSBY) is a cashless national health insurance welfare scheme introduced by the Government of India. The objective of this scheme is to protect the Below Poverty Line (BPL) households from the financial liabilities arising from health setbacks involving hospitalization.
Fact:Â Fino Paytech has enrolled over 25 million families under the RSBY.
In 2016, they got a license for Payment Bank.
| Total Available Shares: | 1000 |
| Face Value: | ₹ 10 Per Equity Share |
| ISIN: | INE511I01011 |
| Lot Size: | 100-500 Shares |
| Current Unlisted Share Price: | ₹ Best in industry Per Equity Share |
| Sr.no | Name of the Shareholder | No. of Shares | % of Holding |
| 1 | Bharat Petroleum Corporation Limited | 28435423 | 28.89% |
| 2 | ICICI Prudential Life Insurance Company Limited | 11328854 | 11.51% |
| 3 | Blackstone GPV Capital Partners (Mauritius) | 7512207 | 7.63% |
| 4 | HAV 3 Holdings (Mauritius) Limited | 7456993 | 7.58% |
| 5 | International Finance Corporation | 6569567 | 6.68% |
| 6 | ICICI Bank Limited | 57,50,000 | 5.84% |
| 7 | ICICI Lombard General Insurance Company Limited | 5289194 | 5.37% |
| 8 | Intel Capital Corporation | 4433449 | 4.50% |
| 9 | Exide Life Insurance Company Limited | 2832213 | 2.83% |
| 10 | Life Insurance Corporation of India | 22,50,000 | 2.29% |
| 11 | Indian Bank | 22,50,000 | 2.29% |
| 12 | Union Bank | 22,50,000 | 2.29% |
| 13 | Corporation Bank | 22,50,000 | 2.29% |
| Year | Revenue | Expense | PBT | PAT | Shares | EPS | NW | BV |
| 2018 | 43 | 99 | -56.1 | -46.89 | 12.77436 | -4.73 | 579 | 45 |
| 2019 | 53 | 49 | 3.8 | -9.22 | 12.81176 | -0.75 | 576 | 45 |
| 2020 | 64 | 55 | 8.3 | 7.67 | 12.82388 | 0.63 | 587 | 46 |
| Company | Revenue (19-20) | P/L(19-20) | Revenue(18-19) | P/L(18-19) | Revenue(17-18) | P/L(17-18) |
| Fino Finance Pvt. Limited | 106 | 4.64 | 134.5 | 2.32 | 123 | -42 |
| Fino Trusteeship Services | 0.6 | 0.42 | 0.31 | 0.21 | 0.066 | 0.052 |
| Fino Payment Bank | 691 | -32 | 371.12 | -62.38 | 230 | -67.38 |
| Fino Financial Services | Nil | 0.0052 | Nil | 0.0043 | Nil | 0.0043 |
| Year | Revenue | Expense | PBT | PAT | Shares | EPS | NW | BV | Debt |
| 2018 | 376 | 552 | -176 | -167 | 9.86547 | -16.8 | 335 | 34.24 | 330 |
| 2019 | 547 | 601 | -53 | -73 | 12.26175 | -7.29 | 289 | 29.38 | 328 |
| 2020 | 852 | 872 | -19 | -20 | 12.27388 | -2.03 | 217 | 22.00 | 240 |
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Market Wizard
Fino Paytech Performance FY 20: https://unlistedzone.com/fino-payment-bank-shown-operational-profitability-in-fy19-20-22-05-2020/
Saurabh Shrotriya
what is min shares need to buy ? what is price ?
Market Wizard
The minimum lot size is 200 shares.
Devansh
Hi, I am not sure how to contact on this. I want to buy share of Fino. How to contact you or pls drop consultant number on my ID talktodevansh@yahoo.com
Priyanka
Hi,
I am priyanka. Kindly share price
Market Wizard
Rs. 110 per share
santosh nayak
What is CMP as on today
Umesh Paliwal
120 per share.
Market Wizard
Excellent 6MFY20 performance by Fino-Paytech:
https://unlistedzone.com/fino-paytech-excellent-haly-yearly-numbers-17-12-2019/
Market Wizard
Fino-Payment is again in News:
https://unlistedzone.com/meity-ranks-hdfc-bank-fino-and-paytm-payments-bank-as-top-banks-for-july-02-10-2019/
Market Wizard
Good News for Fino-Payment Bank( Now they can apply for a license of Small Finance Bank )
https://unlistedzone.com/rbi-guidelines-for-small-finance-bank-license-14-09-2019/
Market Wizard
Fino-Paytech has two main subsidiaries which are contributing to most of the revenue.
(i) https://www.finobank.com [ Payment Bank ]
(ii) http://www.finofinance.in [ JLG, MSME loans ]
Market Wizard
Buzz News: Fino Paytech invests in CityCash
https://investorzone.in/trending-news/fino-paytech-invests-in-citycash
Market Wizard
As per Management:
Since its launch, the bank has opened 5 lakh customer accounts and deposit has grown up to Rs 100 crore, he said.
Signaling a shift in strategy, Gupta said it will focus on fee-earning transactions rather than the opening of bank accounts, which costs money.
Across all its services like banking correspondents for commercial lenders, micro ATMs and remittances, its cash handling will be doubling to Rs 100 crore a day in 10 lakh transactions, up from Rs 50 crore in four lakh transaction.
Gupta said Fino is aiming to become the largest distributor of financial services in the mass market, adding its insurance sales for ICICI and other companies have grown four times in the past three months alone.
It also originates up to Rs 60 crore of gold loans a month for ICICI Bank and is in the process of launching to sell gold coins and also mutual funds, he said.
The bank has also received a go-ahead from RBI to tie up with universal banks for taking care of deposits of over Rs 1 lakh, which will go in automatically as a saving or current account deposit .
Market Wizard
FINO Paytech Ltd. was incubated by ICICI Bank, India’s largest private sector bank and second largest bank overall, before spinning off as a separate entity in April 2006. Currently public sector banks, including
Corporation Bank, Indian Bank, Life Insurance Company of India, and Union Bank of India, account for 16% of investment financing. Private sector investors include HSBC (25%), ICICI Group (25%), and IFMR
Trust (1%). International investors are IFC and Intel which own 17% and 16% respectively.
Market Wizard
Some Interesting Facts about Fino Paytech
1. Fino Paytech is the largest business correspondent in India.
2.Fino Paytech has a massive customer base of over 7.8 Cr customers.
3. Fino Paytech has enrolled over 2.5 Cr families under the RSBY(Rashtriya Swasthya Bima Yojana ).
4. They have an effective MIS for monitoring of field force and transactions.
5. They make ‘anywhere banking’ a reality for microtransaction customers.
6. Fino Paytech offers customers multiple media such as ATMs/MDMs, POS and/or mobile to carry out banking transactions seamlessly.
UZAdmin
The company has 4 Subsidiaries as on date. The Financial Performance of the subsidiaries in 2018.
1. Fino Finance Private Limited.
The total revenue from the operation of Fino Finance Private Limited during the year under review is Rs. 12,316.24 lakhs and Net Loss is Rs. 4,200.63 lakhs.
2. FINO Trusteeship Services Ltd.
The total revenue from the operation of Fino Trusteeship Services Limited during the year under review is Rs. 6.69 lakhs and Net Profit is Rs. 5.22 lakhs.
3. Fino Payments Bank Limited.
The total revenue from the operation of Fino Payments Bank Limited during the year under review is Rs. 23,018.49 lakhs and Net Loss is Rs. 6,734.30 lakhs.
4. FINO Financial Services Pvt. Ltd
The total revenue from the operation of Fino Financial Services Private Limited during the year under review is Rs. Nil lakhs and Net Loss is Rs. 0.43 lakhs.
UZAdmin
Current Valuation of the Company is close to 1000 Cr.