About Trustt
Trustt is a company based in Bengaluru (India) founded in 2014 by Gautam Bandyopadhyay and Srikanth Nadhamuni. It operates as a SaaS (Software-as-a-Service). Trustt has raised $9.97 million across 4 funding rounds from investors including IDFC, Khosla Labs and Sridhar Rao. The company has 242 employees as of April 07, 2024. Trustt offers products and services including Core Banking System, Loan Management Software (LMS), and Digital Identity APIs. Trustt operates in a competitive market with competitors including nCino, ION Group, Tuum, Thought Machine and Backbase, among others.
- Headquarter Bengaluru, India
- Employees 242 as on 07 Apr, 2024
- Founders Gautam Bandyopadhyay, Srikanth Nadhamuni
- 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 Novopay Solutions Pvt. Ltd.
- Jurisdiction Bangalore East Taluk, Karnataka, India
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Annual Revenue
$9.71 M (USD)-51.25as on Mar 31, 2023
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Net Profit
$739.75 K (USD)500.08as on Mar 31, 2023
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EBITDA
$686.31 K (USD)374.12as on Mar 31, 2023
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Total Equity Funding
$9.97 M (USD)
in 4 rounds
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Latest Funding Round
$162.3 K (USD), Series A
Oct 30, 2018
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Investors
IDFC
& 4 more
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Employee Count
242
as on Apr 07, 2024
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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.
People of Trustt
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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.
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.
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A startup incubator focused on technology-driven solutions for financial inclusion and data analytics.
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Commercial banking services are provided by IDFC in India.
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Sridhar Rao |
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Investor details for Trustt
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Investments & Acquisitions by Trustt
Investment portfolio details for Trustt
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Financial Statements - Trustt
Detailed financials for Trustt
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Trustt Comparisons
Peer comparison for Trustt
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Competitors of Trustt
Trustt 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 nCino, ION Group, Tuum, Thought Machine and Backbase, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based API platform for banking operations is provided.
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Treasury management solutions are provided for financial institutions and banks.
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Cloud-native API-first core banking platform is provided for banks.
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Cloud-based platform for core banking is developed via APIs.
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AI-powered banking platforms are provided for operational growth.
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Cloud-based core banking solutions are offered to financial institutions.
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Detailed competitors of Trustt
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Latest news on Trustt
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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.
As of Apr 07, 2024, the latest employee count at Trustt is 242.
Annual revenue of Trustt is $9.71M as on Mar 31, 2023.
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.