ftcash is one of India’s fastest growing financial technology ventures which aims to empower micro-merchants and small businesses through financial inclusion using digital payments and loans.
ftcash uses its proprietary algorithm to understand the credit-worthiness using their transaction flow data, savings, network diversity and geographical patterns along with several other data points including psychometric analysis. This allows to build a customized credit score for the merchant which can be leveraged to provide these SMEs institutional finance and recollect the money from their daily transactions. ftcash works with Banks and Financial Institutions to deploy its solution for all their SMEs.
Their Vision for the Future
ftcash is converting cash to digital payments creating unique transaction history which didn’t exist earlier. ftcash envisions a world where preapproved advances/loans can be disbursed at the click of a button and which can be uniquely paid back from daily transactions.