About Trustt
Trustt is a Financial Services company based in Bengaluru (India) founded in 2014 by Gautam Bandyopadhyay and Srikanth Nadhamuni. It operates as a diversified digital solutions for banks and financial institutions are offered. It operates on a SaaS (Software-as-a-Service) model. Trustt has raised $9.97 million across 4 funding rounds from investors including IDFC, Khosla Labs and Sridhar Rao. The company has 242 employees. Trustt was last valued at $28.29 million in October 2018. Its chief executive is Gautam Bandyopadhyay. Its Indian entity Novopay Solutions Private Limited reported revenue of ₹36.41 Cr. Trustt offers products and services including Core Banking System, Loan Management Software (LMS), and Digital Identity APIs. Its focus areas include Technology, Financial Technology and Banking Software. Its competitors include nCino, ION Group, Tuum, Thought Machine and Backbase and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
Trustt, formerly the technology arm of Novopay Solutions Pvt. Ltd., is engaged in providing cloud-based banking SaaS and core banking system solutions. Services are offered to banks, NBFCs, MFIs, and FinTechs for launching digital banking products swiftly. Solutions include configurable Loan Origination Systems (LOS), Loan Management Software (LMS), collection tools, and digital identity APIs. The platform is designed to support digital lending, distribution, and identity verification with AIML analytics and scalable architecture. Operations are focused on accelerating digital transformation in the financial sector.
- Headquarters Bengaluru, India
- Employees 242
- Founders Gautam Bandyopadhyay, Srikanth Nadhamuni
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Website trustt.com
- Social LinkedIn X Facebook YouTube
- Legal Name Novopay Solutions Pvt. Ltd.
- Date of Incorporation 20 Feb, 2014
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹36.41 Cr
FY 2025 · -1% YoY
- Net Loss-₹5.77 Cr
FY 2025 · -16% margin
- EBITDA-₹4.21 Cr
FY 2025 · -12% margin
- Total Equity Funding$9.97M (USD)
in 4 rounds
- Latest Funding Round$162.3K (USD), Series A
Oct 2018
- InvestorsIDFC
& 4 more
- Employee Count242
Associated legal entities of Trustt
Trustt is associated with 2 registered companies on The Company Check; the primary company is Novopay Solutions Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Novopay Solutions Private Limited CIN U72200KA2014PTC073736 | Active | 20 Feb 2014 | Bangalore, Karnataka | ₹36.4 Cr | 242 | 2 | View details |
| Novopay Retail Solutions Private Limited CIN U66190KA2023PTC171150 | Active | 13 Mar 2023 | Bangalore, Karnataka | ₹17.3 Cr | 42 | 2 | View details |
Products & Services of Trustt
Trustt offers a comprehensive portfolio of products and services, including Core Banking System, Loan Management Software (LMS), and Digital Identity APIs.
A system for launching banking products efficiently and quickly.
Software designed to manage loans for financial institutions.
APIs provided for digital identity verification and management.
Apps and channels of Trustt
its YouTube channel Trustt has 33 subscribers and 30 videos.
Videos from Trustt
The most watched videos on Trustt's YouTube channel, Trustt (33 subscribers). Click a video to play it here.
More on Trustt.
Funding Insights of Trustt
Trustt has successfully raised a total of $9.97M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $162.3 thousand completed in October 2018. 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 $9.97M
- Total Rounds 4
- Last Round Series A — $162,299
- First Round $2.02M
(Jun 2014)
- Investors Count 5
All 4 funding rounds of Trustt with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2018 | $162,299 | Series A | $28.29M | Khosla Labs | – |
| Sep 2016 | $1.99M | Series A | $24.97M | Khosla Labs | – |
| Jan 2015 | $5.79M | Series A | $••••• | IDFC | – |
| Jun 2014 | $2.02M | Seed | $••••• | Khosla Labs |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2018 | $28.29M | •••••••• |
| Sep 2016 | $24.97M | •••••••• |
| Jan 2015 | $••••• | •••••••• |
| Jun 2014 | $••••• | •••••••• |
Full valuation and stage history of Trustt
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $28.29M (Oct 2018). 5 investors in total: 2 institutional and 3 angel.
Investors in Trustt
Trustt has secured backing from 5 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include IDFC, Khosla Labs and Sridhar Rao.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A startup incubator focused on technology-driven solutions for financial inclusion and data analytics. | 2012 | khoslalabs.com | Bengaluru, India | |
Commercial banking services are provided by IDFC in India. | 1997 | idfc.com | Chennai, India | |
SR Sridhar Rao | - | – | unknown_8ebcdb22b19a4c14b | - |
SJ Sanjay Jain | Angel investor, ex-UIDAI Chief Product Manager, fintech and tech enthusiast | – | unknown_7c3cf576a49e4690b | - |
GB Gautam Bandyopadhyay | Angel investor and tech entrepreneur with focus on early-stage startups in India. | – | unknown_b6284b3f626f48249 | - |
Investor details for Trustt
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Novopay Solutions Private Limited (Trustt)
Novopay Solutions Private Limited is the primary company behind Trustt. The boards of the 2 registered companies of Trustt currently have 3 directors; the longest-serving is Srikanth Nadhamuni, appointed in 2014. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Srikanth Nadhamuni DIN 02551389 | Nominee Director | 07 Jul 2014 | 12 yrs 3 mo | Novopay Solutions Private Limited |
| Metlapalli Sridhar Rao DIN 05201987 | Director | 13 Mar 2023 | 3 yrs 7 mo | Novopay Retail Solutions Private Limited |
| Gautam Bandyopadhyay DIN 06738205 | Director | 13 Mar 2023 | 3 yrs 7 mo | Novopay Retail Solutions Private Limited, Novopay Solutions Private Limited |
People of Trustt
11 people are tracked at Trustt (3 in leadership, 8 in team); the tracked headcount is 242.
| Name | Role | Group |
|---|---|---|
Amit Keswani | Co-Owner | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Roshni Kumari | Associate Manager- TA | Team |
Drashti V. | Senior Talent Acquistion Specialist | Team |
Hr Novopay | Human Resources Manager | Team |
Chandra Kant Akela | Authorized Distributor | Team |
Ankit P. | Novopay Solution | Team |
Ramesh Thirumalagiri | Deputy Managr - Sales | Team |
Sanjeev Yadav | Sales Manager | Team |
Sunil Singh | Territory Business Manager | Team |
Complete people profiles for Trustt
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Trustt
Figures of Novopay Solutions Private Limited, the primary company behind Trustt, for FY 2025. Revenue was ₹36.41 Cr (-1% year on year). Net loss was -₹5.77 Cr (-16% margin). EBITDA was -₹4.21 Cr (-12% margin). Revenue has grown at a compounded annual rate of -25% over three years and -14% over five years.
- ₹36.41 CrRevenue · FY 2025 · -1% YoY
- -₹5.77 CrNet loss · -16% margin
- -₹4.21 CrEBITDA · -12% margin
- ₹12.3 LakhPaid-up capital
- 242Employees (provident fund records)
- -25%Revenue CAGR, 3 years
- -14%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Novopay Solutions Private Limited are on its company page.
Detailed financial statements for Trustt
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Trustt
4 dated milestones of Trustt across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Trustt is founded.
- Funding First funding round of $2.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $162K.
Competitors of Trustt
Trustt has 8 listed competitors in our database, 8 of them funded. They include nCino, ION Group, Tuum, Thought Machine and Backbase, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ncino.com | 2011 | Wilmington, United States | $221.56M | 1,833 | Cloud-based API platform for banking operations is provided. | |
| iongroup.com | 1998 | New York, United States | $400M | 988 | Treasury management solutions are provided for financial institutions and banks. | |
| tuum.com | 2019 | Tallinn, Estonia | $49.76M | 82 | Cloud-native API-first core banking platform is provided for banks. | |
| thoughtmachine.net | 2014 | London, United Kingdom | $787.11M | – | Cloud-based platform for core banking is developed via APIs. | |
| backbase.com | 2003 | Amsterdam, Netherlands | $128.51M | 2,000 | AI-powered banking platforms are provided for operational growth. | |
| nymbus.com | 2015 | Miami, United States | $195.42M | 221 | Cloud-based core banking solutions are offered to financial institutions. | |
| ohpen.com | 2008 | Amsterdam, Netherlands | $48.16M | – | Developer of cloud-based core banking platform for retail mutual funds and savings accounts | |
| finxact.com | 2016 | Jacksonville, United States | $74.84M | 133 | Cloud-based core banking software is delivered via open APIs. |
Detailed competitors of Trustt
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Trustt
The website of Trustt (trustt.com) receives about 2.1K visits a month.
- Monthly visits2.1K
▼ 47.3% vs previous month
Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as Trustt (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Trustt
Complete news archive for Trustt
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Trustt
Trustt was founded in 2014.
Trustt is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Gautam Bandyopadhyay is the current CEO of Trustt. They have also founded this company.
Trustt is a funded company, having raised a total of $9.97M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.02M, raised on Jun 2014.
Trustt has 242 employees.
The primary company behind Trustt, Novopay Solutions Private Limited, reported revenue of ₹36.41 Cr for FY 2025, down 1% year on year.
Trustt, formerly the technology arm of Novopay Solutions Pvt. Ltd., is engaged in providing cloud-based banking SaaS and core banking system solutions. Services are offered to banks, NBFCs, MFIs, and FinTechs for launching digital banking products swiftly. Solutions include configurable Loan Origination Systems (LOS), Loan Management Software (LMS), collection tools, and digital identity APIs. The platform is designed to support digital lending, distribution, and identity verification with AIML analytics and scalable architecture. Operations are focused on accelerating digital transformation in the financial sector.
Trustt's top competitors include nCino, Thought Machine and Tuum.
Trustt offers Core Banking System, Loan Management Software (LMS), and Digital Identity APIs.
Trustt has 5 investors. Key investors include IDFC, Khosla Labs, Sridhar Rao, Sanjay Jain, and Gautam Bandyopadhyay.
The valuation of Trustt is $28.29M as of Oct 2018.
Trustt is associated with 2 legal entities: Novopay Solutions Private Limited, Novopay Retail Solutions Private Limited.