BASIX SUB-K ITRANSACTIONS

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Sub-K means "for everyone" in Hindi language and below "one thousand" in English , indicating touch points within 1,000 meters distance, offering transactions of less than 1,000 rupees , providing access to less than 1,000 households at a cost of 1,000 paisa. Basix Sub-K iTransactions Ltd., is a subsidiary company under BASIX Social Enterprise Group, started in 2010 with a vision to provide technology enabled transactional platform to the unbanked population. Sub-K operates, manages, and contr... ols inclusive transactions on end-to-end basis through recruiting, training and equipping local entrepreneurs as Business Correspondent agents who serve as human ATMs at the last mile of connectivity between the Bank and the end consumer, through mobile/kiosk based technology. Sub-K creates a self-propagating eco-system for profitability and sustainability of the BC sub-agent, Bank, and Sub-K, ultimately serving the customers with real time banking and non-banking solutions. Sub-K is a service company that offers affordable, accessible and scalable digital payment solutions to the BoP segment in rural and urban areas and seeks to bridge the digital divide and create a โ€œfinancially included societyโ€. Any customer with a bank account can walk into these BC outlets and avail banking services - cash deposit, cash withdrawal, remittance, fund transfer, balance enquiry, mini statement, loan repayment etc. Basix Sub-K facilitates business of micro-entrepreneurs through microcredit, insurance, pensions, farm loans, personal loans, vehicle loans. Government payments to citizens, Aadhaar card, PAN card services are also facilitated at some of these outlets. Non-banking services are also offered for enhancing the income of the BC agent and offer convenience to customers.

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BASIX SUB-K ITRANSACTIONS

Social Links:

Industry:
Financial Services FinTech Payments Retail

Founded:
2010-01-01

Address:
Hyderabad, Andhra Pradesh, India

Country:
India

Website Url:
http://www.subk.co.in

Total Employee:
101+

Status:
Active

Contact:
040-66585800

Email Addresses:
[email protected]

Total Funding:
19.69 M USD

Technology used in webpage:
SPF Domain Not Resolving Nginx Euro Microsoft Exchange Online Office 365 Mail Sectigo SSL Sectigo Domain SSL IIS 10 CPanel SSL


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Current Employees Featured

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Mahesh Kanumury
Mahesh Kanumury Chairperson @ BASIX Sub-K iTransactions
Chairperson

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Sattaiah Devarakonda
Sattaiah Devarakonda Director @ BASIX Sub-K iTransactions
Director

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Sasidhar Thumuluri
Sasidhar Thumuluri CEO @ BASIX Sub-K iTransactions
CEO

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Vijay Mahajan
Vijay Mahajan Founder @ BASIX Sub-K iTransactions
Founder

Founder


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Vijay Mahajan

Investors List

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Maj Invest Equity

Maj Invest Equity investment in Series C - BASIX Sub-K iTransactions

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Accion

Accion investment in Series B - BASIX Sub-K iTransactions

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Nordic Microfinance Initiative

Nordic Microfinance Initiative investment in Venture Round - BASIX Sub-K iTransactions

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Accion

Accion investment in Venture Round - BASIX Sub-K iTransactions

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Michael & Susan Dell Foundation

Michael & Susan Dell Foundation investment in Seed Round - BASIX Sub-K iTransactions

Official Site Inspections

http://www.subk.co.in

  • Host name: host.vision-studio.com
  • IP address: 198.23.59.157
  • Location: United States
  • Latitude: 37.751
  • Longitude: -97.822
  • Timezone: America/Chicago

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