The strategic investment is a first for Fino Payments Bank after its public listing. This is in continuation to several in-house initiatives by the Bank that are already underway towards building a digital ecosystem for its customers as part of its Fino 2.0 journey.

Paysprint, a profitable fintech, is a rapidly growing financial technology company offering next generation APIs in the areas of banking, payments, travel, lending, insurance, investment and more. It is helping payments service providers to offer seamless services to customers by providing Unified Open API Platform through fast and wholesome integration and a plug and play model.

FY22 was the first full year of operations for Paysprint and it achieved an annual GMV of Rs 5,500 cr. The strong growth momentum is expected to continue in FY23 as well. It also onboarded more than 600 partners across banks, NBFCs, MSMEs, fintechs and various other start-ups during the year.