CMP: ₹94.10 | Change: +4.96% (Upper Circuit) | Market Buzzword: First US Order | Subsidiary: TFL TECH INC, Delaware, USA
🧲 At a Glance
Trust Fintech Ltd’s US arm, TFL TECH INC, just bagged its first international deal — a $820,000 (₹6.97 Cr) contract from a US Credit Union for implementing Core Banking System (CBS) and Loan Origination System (LOS), entirely on SaaS model.
That’s right. A fintech from Nagpur is now building banking infra in Delaware.
Cue the upper circuit.
🧾 Deal Snapshot
| Detail | Value |
|---|---|
| Client | Internet Soft Inc, Delaware |
| Nature of Work | CBS + LOS Implementation |
| End-User | Credit Union (USA) |
| Revenue Model | SaaS (60-month contract) |
| Total Order Value | $820,000 (~₹6.97 Cr) |
| Entity Executing | TFL TECH INC, USA (Trust’s Subsidiary) |
| Related Party? | Yes, but at arm’s length |
🌎 Why This Is Big
Trust Fintech, a relatively quiet SME player on the NSE Emerge platform, just pulled off the holy grail of Indian SaaS dreams:
Selling a B2B BFSI product to the USA.
That too, in core banking + lending tech, one of the hardest segments to crack.
💡 Company Background
| 🏢 Metric | 📊 Detail |
|---|---|
| Parent Company | Trust Fintech Ltd (India) |
| Subsidiary | TFL TECH INC (Delaware, USA) |
| Business Focus | CBS, LOS, Financial ERP, Regulatory Software |
| Client Base (India) | Cooperative banks, NBFCs, Credit Societies |
| IPO | Recently listed on NSE Emerge |
| Headquarters | Nagpur |
Until now, most of their revenue came from Indian BFSI clients. This US expansion signals serious global ambition.
📈 Why Market Reacted So Strongly
- 💰 Sticky Revenue: SaaS model = Monthly recurring revenue for 5 years
- 🇺🇸 Credibility Boost: US client win validates product capability internationally
- 🔁 Export play: Could open doors to other Credit Unions in North America
- 🧾 Arm’s Length: Although TFL TECH is a subsidiary, SEBI disclosure confirms deal is above board
🧠 EduInvesting Take
From cooperative banks in Chandrapur to credit unions in Chicago — Trust Fintech just levelled up.
- A ₹6.97 Cr order may not sound huge — but for an SME fintech with sub-₹100 stock price, this is massive validation.
- 60-month contract means annuity-style visibility — rare for IT services firms at this scale.
- The fact that this is a SaaS implementation — not a license+AMC one-off — gives long-term investors more to chew on.
- Also… Nagpur going global? We love it.
But now, here’s the real question:
Can they scale this? Or is it a one-off PR victory lap?
🧨 Risks to Watch
- Execution risk in US market — timelines, compliance, and customer expectations differ
- Scaleability — One client is great. Ten clients? That’s a real US business.
- Subsidiary disclosures — More transparency around TFL TECH’s revenues would be welcome
🔮 What to Watch Next
- Will Trust Fintech announce more US clients?
- Can they convert Indian case studies into North American pilots?
- Will they now raise funds for US GTM (Go-To-Market) scaling?
- And most importantly: Can revenue momentum follow this news?
🧾 Final Word
This is how SME tech stocks go viral — not with buzzwords, but with signed US clients.
Trust Fintech just turned from a small-cap IT vendor into a global fintech hopeful.
And with the stock locked at 5% UC, the market agrees.
🗓️ Published: May 28, 2025
✍️ By: Prashant Marathe
Tags: Trust Fintech US Order, TFL TECH INC, CBS on SaaS, SME IT Export, Fintech SaaS India, Credit Union Software, EduInvesting, NSE SME News
