Differentiated SaaS-based fintech platform, offering a combination of payment instruments, mobile application and API integrations;
In-house developed technology and strong network effect;
Business model with diverse sources of revenue and low customer acquisition and retention costs;
Diversified customer relationships across sectors along with preferred banking and merchant partnerships; and
Seasoned management team with deep domain expertise supported by a professional workforce.
The company recent revenue growth rates may not be indicative of its future financial performance. The company has limited operating history at its current scale. Failure to effectively manage the company growth could materially and adversely affect the success of its business and/or impact the company margins.
Laws and regulation governing its business and operations may continue to change and evolve and the introduction of new laws and regulation applicable to the company business may adversely affect its financial condition, results of operations and profitability.
The company may be unable to retain existing Customers, attract new Customers, convert Customers using its beta or trial versions into paying Customers, or expand usage of the company products within or across Customer organizations.
The company is dependent on third-party payment networks to operate its prepaid card business.
A substantial portion of its revenue is generated by Program Fees through the company arrangements with its banking partners. The businesses of its banking partners are regulated by the RBI and any change in the RBI's policies, decisions and regulatory framework could adversely affect its business, cash flows, results of operations and financial condition.
The company recognise revenue over the term of the contracts with its Customers. Consequently, downturns in sales may not be immediately reflected in its operating results until one or more quarters following the actual decrease in sales.
The Company does not have any listed industry peers in India or abroad.
Failure to effectively develop and expand the company direct sales capabilities could affect its ability to expand usage of the company products within its Customer base and achieve broader market acceptance of its products.
The company success depends on the company ability to develop and maintain successful relationships with channel partners.
The company may be unable to successfully integrate its products with software applications that are developed by others, including the company partners, thereby adversely affecting the adoption and usage of its products.