About Financial Software and Systems
Financial Software and Systems is a company based in Chennai (India) founded in 1991 by Nagaraj Mylandla. It operates as a SaaS (Software-as-a-Service), and FinTech. Financial Software and Systems has raised $127 million across 3 funding rounds from investors including The Carlyle Group, Premji Invest and Jacob Ballas Capital. Financial Software and Systems offers products and services including Card Issuance, Real Time Payments, Merchant Acquiring, and FSS BLAZE™. Financial Software and Systems operates in a competitive market with competitors including Infibeam Avenues, REPAY, Clearhaus, PayFacto and DataMesh Group, among others.
- Headquarter Chennai, India
- Founders Nagaraj Mylandla
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Financial Software & Systems Pvt. Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$127 M (USD)
in 3 rounds
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Latest Funding Round
$57 M (USD), Series C
Oct 13, 2014
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Investors
The Carlyle Group
& 3 more
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Employee Count
Employee Count
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Products & Services of Financial Software and Systems
Financial Software and Systems offers a comprehensive portfolio of products and services, including Card Issuance, Real Time Payments, Merchant Acquiring, and FSS BLAZE™. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Card management system is provided for modern payment needs.
Transactions are supercharged with speed and scalability for users.
Digital payments are accelerated at the speed of commerce.
Payments technology platform is offered for innovative solutions.
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Funding Insights of Financial Software and Systems
Financial Software and Systems has successfully raised a total of $127M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $57 million completed in October 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $57.0M
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First Round
First Round
(13 Jul 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2014 | Amount | Series C - Financial Software and Systems | Valuation | Premji Invest | |
| Dec, 2009 | Amount | Series B - Financial Software and Systems | Valuation | New Enterprise Associates | |
| Jul, 2008 | Amount | Series A - Financial Software and Systems | Valuation | The Carlyle Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Financial Software and Systems
Financial Software and Systems has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include The Carlyle Group, Premji Invest and Jacob Ballas Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provides venture capital for technology startups and enterprise innovations worldwide.
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Financial Software and Systems
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Financial Software and Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Financial Software And Systems Comparisons
Competitors of Financial Software and Systems
Financial Software and Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Infibeam Avenues, REPAY, Clearhaus, PayFacto and DataMesh Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital payment solutions and enterprise software platforms are provided.
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| domain | founded_year | HQ Location |
Merchant acquiring solutions are provided for businesses to process payments.
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| domain | founded_year | HQ Location |
Merchant acquiring solutions are offered for payment processing needs.
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| domain | founded_year | HQ Location |
Payment solutions are offered for businesses and organizations.
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| domain | founded_year | HQ Location |
Payment processing solutions are delivered to Australian merchants and retailers.
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| domain | founded_year | HQ Location |
Merchant acquiring and payment processing solutions are delivered globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Financial Software And Systems
Frequently Asked Questions about Financial Software and Systems
When was Financial Software and Systems founded?
Financial Software and Systems was founded in 1991 and raised its 1st funding round 17 years after it was founded.
Where is Financial Software and Systems located?
Financial Software and Systems is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Financial Software and Systems?
V Balasubramanian is the current CEO of Financial Software and Systems.
Is Financial Software and Systems a funded company?
Financial Software and Systems is a funded company, having raised a total of $127M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jul 13, 2008.
What does Financial Software and Systems do?
Financial Software and Systems is involved in delivering innovative payment technology solutions across the global financial sector. A comprehensive suite of products is offered, including card issuance, real-time payments, and merchant acquiring. The companys platform, FSS BLAZE, is utilized for modern payment processing needs. Operations span multiple regions, supporting banks and financial institutions with cutting-edge tools. Services such as ATM solutions, reconciliation, and enterprise transformation are provided to optimize payment ecosystems. Focus is maintained on driving payment transformation through innovation hubs and advanced technology.
Who are the top competitors of Financial Software and Systems?
Financial Software and Systems's top competitors include REPAY, Infibeam Avenues and Clearhaus.
What products or services does Financial Software and Systems offer?
Financial Software and Systems offers Card Issuance, Real Time Payments, Merchant Acquiring, and FSS BLAZE™.
Who are Financial Software and Systems's investors?
Financial Software and Systems has 4 investors. Key investors include The Carlyle Group, Premji Invest, Jacob Ballas Capital, and NEA.
What is Financial Software and Systems's valuation?
The valuation of Financial Software and Systems is $267.53M as of Oct 2014.
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