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PAYROOT FIN INDIA PRIVATE LIMITED logo

PAYROOT FIN INDIA PRIVATE LIMITED

KSUM recognised
Mumbai City, Maharashtra
Sector Banking, Financial Services and Insurance
Industry FinTech
Business model B2C D2C Platform
Technology Web technologies Mobile Apps
Location Mumbai City, Maharashtra
Founded 2020

Team

P
PALAKKUNIYIL SHAMSEER
S
SHAJEER
K
KIZHAKKE PALLIKKAL MOHAMMED MU

Product 1

Regardless of the government interventions, rural India was not well connected with the formal financial system for many years. But after the demonetization in 2016, the adoption into the formal financial system has improved significantly. Most of the younger generation is tech-savvy and comfortable Sector Banking, Financial Services and Insurance Industry FinTech Model B2C D2C Platform Technology Web technologies Mobile Apps

Payroot Fin India Pvt Ltd has created a FinTech Platform specializing in alternate banking solutions for disbursement of money at the grass-root. With the help of organizations working with rural communities, the software can validate a person for their identity, and it can also validate the amount in the person's bank account. When combined with the rural network infrastructure of an organization, this system can work as a cash disbursement machine that helps people with technological and transportation constraints to fetch money at their doorstep. Customers need to travel long distances to go to banks, spend time and money to avail of basic banking services. To address these challenges, PayRoot created a FinTech Platform that integrates with major banks in India and leverages its platform to empower it's customers to provide domestic money remittance or cash deposit service in customers' bank account instantly 24X7.

Sector Banking, Financial Services and Insurance Industry FinTech Model B2C D2C Platform Technology Web technologies Mobile Apps
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