Trust Fintech Hits Upper Circuit After Bagging First US Deal — $820K CBS + LOS Order for Credit Union on SaaS
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:
