Singapore’s Fingular enters India with brand name TrustPaisa
By Gloria Mathias
Fingular, a Singapore-based financial group, has announced the launch of its fully digital financial services in the Indian market under the brand name TrustPaisa in partnership with its local non-banking financial partner licenced by the RBI.
TrustPaisa provides round-the-clock, nationwide coverage, ensuring that financial stability is accessible to every individual in India. TrustPaisa clients can obtain fast cash loans of up to Rs. 100,000 offered by its lending partners by completing a digital loan application within minutes and receiving funds within moments, subject to compliance with internal KYC and other policies of its lending partners.
TrustPaisa is committed to empowering individuals with fast and secure financial solutions, specifically catering to those who require instant loans for emergencies, as accessing loans through traditional banks would be time-consuming and involve extensive paperwork.
Fingular launches digital loan services in India in partnership with its local non-banking financial partner licensed by the Reserve Bank of India. The company’s target customer base for the Indian market is over 300 million people, which encompasses salaried individuals with irregular income, young professionals who have just started their careers, small business owners and entrepreneurs, low- to middle-income individuals, and technology-savvy individuals. As of today, Fingular’s services are available to 100 million clients across South Asian and Southeast Asian markets.
“We are very honoured to have this amazing opportunity to bring our fully digital, seamless, and life-improving services to millions of people in India, a truly technologically advanced and rapidly developing nation,” said Vadim Gurinov, a Cypriot entrepreneur and co-investor in Fingular, the financial group that owns TrustPaisa.
“We anticipate the number of our clients in India to at least triple this year as people become accustomed to a superior level of service. TrustPaisa is designed to assist those in need of immediate funds for any purpose,” added Maxim Chernushenko, Fingular’s CEO.
By 2025, TrustPaisa plans to expand its range of services in India by introducing BNPL products and enabling the opening of current account savings accounts digitally for its partner banks.
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