ftcash is a fast growing financial technology venture which aims to empower micro-merchants, small businesses, retail chains and home based entrepreneurs with the power of mobile payments. The vision is to enable offline payment transactions quickly by aggregating all payment methods including credit cards, debit cards and mobile wallets (such as Paytm, Mobikwik etc), PayPal under one channel.
Started in June 2015, after a successful launch in Powai, ftcash expanded to all areas of Mumbai by acquiring over 1,000 merchants across various segments such as milkman, newspaper agents, travel agents, coaching institutes etc. The team comprises of CXOs from Deutsche Bank, KPMG, World Bank among others with a pedigree from Wharton Business School, Harvard University, SRCC, IIT Bombay etc.
ftcash is backed by PayPal, as it was adjudged the winner at Start Tank Challenge. They were selected for the prestigious Village Capital program and featured on CNBC on their Young Turks Program. They were adjudged as the Winners among the HOT 100 Technology Startups by KPMG. ftcash has been widely covered in media across Times of India, Business Standard, YourStory etc.
ftcash was funded by IvyCap Ventures and several marquee international angel investors.