Ftcash Review

About Ftcash

FTCash: Empowering Micro-Merchants and SMEs through Financial Inclusion

FTCash is a financial services company that aims to empower micro-merchants and small and medium-sized enterprises (SMEs) through financial inclusion using digital payments and loans. The company was founded in 2015 by Sanjeev Chandak, Deepak Kothari, and Vaibhav Lodha with the vision of providing affordable financial services to the underserved segments of society.

The Indian economy is largely driven by micro-merchants and SMEs, which account for over 90% of all businesses in the country. However, these businesses face several challenges when it comes to accessing formal credit from banks or other financial institutions. This is where FTCash steps in - by leveraging technology to provide quick, easy, and affordable access to credit for these businesses.

FTCash offers a range of products and services that cater specifically to the needs of micro-merchants and SMEs. These include digital payments solutions such as UPI QR codes, Bharat QR codes, SMS-based payments, as well as loans ranging from INR 10k - INR 2 lakh ($135 - $2700). The loans are disbursed within minutes after completing a simple online application process that requires minimal documentation.

One of the key advantages of FTCash's digital payment solutions is their ease-of-use. Merchants can simply display their unique QR code at their shop or business location for customers to scan using any UPI-enabled app such as Google Pay or PhonePe. This eliminates the need for merchants to invest in expensive point-of-sale (POS) machines or other hardware devices.

In addition to providing access to credit and digital payment solutions, FTCash also offers value-added services such as bill payments (electricity bills, mobile recharges), insurance products (health insurance), loyalty programs (cashback rewards), among others.

FTCash has already made significant strides in its mission to empower micro-merchants and SMEs. The company has disbursed over INR 500 crore ($67 million) in loans to date, with a repayment rate of over 90%. It has also partnered with several leading banks and financial institutions such as ICICI Bank, HDFC Bank, and Yes Bank to expand its reach and offer more comprehensive financial services.

FTCash's innovative approach to financial inclusion has not gone unnoticed - the company has won several awards and accolades for its work. In 2018, it was named the winner of the Fintegrate Zone Startup Awards in the Payments category. It was also recognized as one of India's most innovative startups by Inc42 in 2019.

In conclusion, FTCash is a game-changer when it comes to providing affordable financial services to micro-merchants and SMEs. Its digital payment solutions and quick loan disbursal process have already helped thousands of businesses across India grow their operations. With its continued focus on innovation and customer-centricity, FTCash is well-positioned to become a leading player in India's fintech landscape.