Fino Payments Bank
Financials
Estimates*
INR | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 2.4b | 3.2b | 3.8b | 11.8b | 14.0b | 17.4b | 21.6b |
% growth | - | 31 % | 19 % | 213 % | 18 % | 25 % | 24 % |
Profit | (320m) | 205m | 427m | 651m | 862m | 848m | 1.1b |
% profit margin | (13 %) | 6 % | 11 % | 6 % | 6 % | 5 % | 5 % |
EV / revenue | - | - | 5.5x | 1.4x | 2.5x | 2.0x | 1.6x |
Date | Investors | Amount | Round |
---|---|---|---|
INR5.4b | IPO | ||
Total Funding | - |
Recent News about Fino Payments Bank
EditFino Payments Bank is a pioneering financial institution that has been serving the banking needs of its clients for over a decade. The company operates in the payments banking sector, providing a range of banking services that are easily accessible through both mobile and desktop platforms. Fino Payments Bank caters to a diverse clientele, including individuals and small businesses, by offering services such as fund transfers, bill payments, and travel bookings. The bank's extensive network includes 410 branches and over 25,000 banking points, making it highly accessible to customers across various regions. The business model focuses on leveraging technology to provide low-cost, efficient banking solutions. Fino Payments Bank generates revenue through transaction fees, service charges, and partnerships with other financial institutions. The company is also a member of the Payments Council of India (PCI) and the Business Correspondent Federation of India (BCFI), which underscores its commitment to industry standards and best practices.
Keywords: payments bank, mobile banking, desktop banking, fund transfers, bill payments, travel bookings, low-cost banking, extensive network, PCI member, BCFI member.