MAKSPay Fintech

MAKSPay Fintech is a Hyderabad, India-based Fintech startup striving to revolutionize the banking sector with innovative solutions. The company is focused on enhancing financial inclusion by providing access to credit for underserved segments such as New to Credit individuals, marginal workers, with a specific emphasis on empowering women entrepreneurs and street vendors. Their platform, PehchanPe, facilitates the delivery of government-backed loans. MAKSCrediT, their flagship platform, offers a comprehensive suite of services for banks, NBFCs, and co-operatives to manage unsecured and secured portfolios. The company also provides market linkage opportunities for merchants through ONDC and enables online sales. Their technology stack is fully integrated with digital public goods in compliance with Digital Lending Guidelines. The company has received recognition for its innovative solutions, having won the Reserve Bank Innovation Hub (RBIH) - Swanari TechSprint (2022) and being finalists at the Reserve Bank of India HaRBInger (2022). MAKSPay was a finalist in the Financial Inclusion Category at the National Startup Awards 2021 by the Government of India and has received grants from institutions like IIT Kanpur, T-Hub, Citibank, CIIE.Co IIM Ahmedabad, and Melinda & Gates Foundation. The company is also incubated at the Financial Inclusion lab at CIIE.CO IIM Ahmedabad. MAKSPay's initiatives to promote financial inclusion and its innovative technological solutions position the company as a promising player in the Fintech sector, particularly in addressing the credit needs of underserved demographics in the Indian market.