ftcash is a fast growing financial technology venture which aims to empower micro-merchants and entrepreneurs with the power of cashless payments and loans only using a bank account and feature phone. ftcash aggregates all payment methods including credit/debit cards, net banking and mobile wallets to create an open platform for merchants to start accepting electronic payments in less than 5 minutes. In addition, ftcash creates unique and proprietary transactional data which can be leveraged to provide institutional finance to these merchants.
Started in mid-2015, after a successful launch in Mumbai, ftcash has expanded countrywide by acquiring over 6,000+ merchants across various segments such as kirana stores, milkman, newspaper agents, travel agents, coaching institutes etc. The team comprises of senior executives from Deutsche Bank, KPMG, Capital One, World Bank among others with a pedigree from Wharton Business School, Harvard University, IITs, SRCC etc.
ftcash is backed by PayPal, as it was adjudged the winner at Start Tank Challenge. It was awarded winner at the UK Trade and Investment – Great Tech Rocketship Initiative, IIM Ahmedabad CIIE-IIFL Fellowship, Village Capital Program, KPMG Hot 100 Startups, iSPIRT InTech50 among other accolades. ftcash was selected for World’s first Impact Investment Show – The Real Deal on NDTV and Young Turks on CNBC. ftcash is funded by IvyCap Ventures and several marquee international angel investors.