For the last six years, Techurate has been working with financial institutions in Africa to provide them with digital banking infrastructure. The Bengaluru-headquartered banking digital banking technology startup was founded by Harshavardhan Pusala in 2015 with a focus on the African market where it provides an array of solutions with the larger goal of enabling financial inclusion.
The experience in Africa has given the tech startup the confidence to play a similar role in the Indian market which has a considerable proportion of the unbanked population waiting to enter the organised economy.
Techurate now wants to reach out to financial institutions such as cooperative banks and microfinance institutions (MFIs) to onboard them to the digital platform. Harshavardhan, CEO and Managing Director of Techurate tells YourStory that this category of financial institutions generally have a limited scope of operation in terms of customers or geographical reach, and may not have the budget to take up such technological transformation.