Certified Startup
PAYROOT FIN INDIA PRIVATE LIMITED
Sector:
Banking, Financial Services and Insurance
Business Model:
B2C D2C Platform
Industry:
FinTech
Technology:
Web technologies Mobile Apps
About
Incorporation Date
Nov 27, 2020
Incorporation Type
Private Limited Company
Registered State
Maharashtra
Registered District
Mumbai City
Registered Address
Floor 3rd,89/91, Mapla House Modi Street, Karva Khana, Masjid, Fort Mumbai Mumbai City MH 400001 IN
Office State
Office District
Office Address
PAYROOT FIN INDIA PRIVATE LIMITED WAGBAKRI WALA BUILDING 5TH FLOOR,, 14 PITHA STREET, FORT, MUMBAI, Mumbai City, Maharashtra, India, 400001
Team
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PALAKKUNIYIL SHAMSEER
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SHAJEER
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KIZHAKKE PALLIKKAL MOHAMMED MU
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
Business Models:
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.

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