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 itsfirst international deal— a $820,000 (₹6.97 Cr) contract from aUS Credit Unionfor implementingCore Banking System (CBS)andLoan Origination System (LOS), entirely onSaaS model.
That’s right. A fintech fromNagpuris now building banking infra inDelaware.
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, incore 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 signalsserious global ambition.
📈 Why Market
