Trust Fintech eyes listing in March on NSE Emerge
Trust Fintech, a leading provider of SaaS product-focused fintech software solutions, witnessed the participation of several veteran Indian BFSI leaders in its pre-IPO round
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Mumbai, Feb 23: Trust Fintech, a leading provider of SaaS product-focused fintech software solutions, witnessed the participation of several veteran Indian BFSI leaders in its pre-IPO round. The marquee investors include Tejas Goenka, MD of Tally Solutions, Nitin Sathawane, Head of Business Mphasis Canada, Ramnath Raikar, Ex Treasury Head at HDFC Bank and Sameer Gupte, MD at NSDL Data Management Limited. In addition, Siddharth Raisoni from Raisoni Group and Amit Kumar from MSMEx also invested in TFL’s pre-IPO round. The company has raised a total amount of Rs. 5.42 crore in the pre-IPO round in January 2024.
Trust Fintech Limited filed its DRHP with NSE Emerge earlier this month and is eyeing its listing in March 2024. The initial public offering comprises a fresh issuance of 62,82,000 Equity Shares, each with a face value of Rs. 10. Corporate Capital Ventures Private Limited is the Book Running Lead Manager to the Issue, which has completed a string of successful SME IPOs in the recent months, including Alpex Solar, Rockingdeals, Accent Microcell, Oriana Power, Droneacharya and Crayons Advertising, among others.
Trust Fintech is a product of MSMEx SME IPO Cohort program, mentored by Amit Kumar, Founder & CEO at MSMEx.
The Nagpur-headquartered company provides Core Banking SaaS Products and Fintech Software Solutions around ERP Implementation and Customized Software Solutions Development, SAP B1 and Offshore IT services for the BFSI sector.
Trust Fintech was founded by Hemant Chafale, Mandar Deo and Heramb Damle, with a focus on delivering secured core banking solutions & world-class technological solutions to a virtually integrated banking and financial eco-system. The company has evolved over the last 25 years, adapting to the technology and market shifts to reach its current business model and product version. Veteran banker (ex-Bank of Baroda, Standard Chartered and HDFC Bank), Anand Kane also joined the company in 2016, thereby offering a new direction to Trust’s growth story.
