July 27, 2023

Trustt: Novopay Solutions' New Avatar to Dominate Banking Software Sector

We, at Trustt, are excited to share a significant development in our journey. As a Khosla Ventures-backed company, we have decided to undergo a demerger, allowing us to focus exclusively on our Digital banking software business while bidding farewell to our retail operations. Going forward, we proudly embrace the new identity of 'Trustt.'

This strategic decision enables us to sharpen our focus on our best strengths - pioneering cutting-edge core banking platforms. Our retail payments business will now operate as Novopay Retail Solutions Pvt Ltd, dedicated to the Business-to-Consumer (B2C) channel.

In addition, we are thrilled to announce our merger with Veri5Digital, a KYC-startup launched by Khosla Labs Pvt. Ltd in 2016. This union aims to leverage the synergies between Trustt and Veri5Digital, further strengthening our positions in the financial inclusion space.

Trustt remains steadfast in our mission to empower financial institutions with top-of-the-line solutions, including Loan Origination Software, Core Banking System, and our advanced Digital Banking Platform. Our extensive network of over 100,000 kirana stores across 23 states exemplifies our dedication to making banking accessible to all.

As we move forward on this transformative journey, we invite you to be part of our vision for a future where innovation knows no bounds and banking technology thrives to revolutionise the industry.

Read more about our journey: Novopay to spin off retail biz, focus on banking software