Fino Payments Bank to pick up minority stake in fintech Paysprint

Mumbai

Fino Payments Bank said its board had approved a proposal by the bank to invest up to 12.19% stake in New Delhi-based Paysprint Private Ltd. by way of subscription to its shares.

Paysprint, a profitable fintech, is a growing financial technology company offering services in the areas of banking, payments, travel, lending, insurance and investment.

Rishi Gupta, MD & CEO, Fino Payments Bank said, “The journey of Fino as a group has come to a full circle. We were incepted to provide BC banking services through a technology platform to various financial institutions across the country.”

“As we continue our journey as a Payments Bank today, we are now partnering with new age technology companies that will transform the digital banking space in the days to come,” he added.