In an interview with the India’s No. 1 Business News Channel ET Now, N Jayakumar, managing director, Prime Securities, said “IBSFINtech is doing a phenomenal job in the space of Treasury, Risk & Trade Finance”. Excerpts:
ET Now: You working very closely in raising money for the startup ecosystem but also personally investing in some of the unlisted interesting ideas. Talk to us about some of them if you could by examples where all you have been investing.
We have invested in a whole bunch of them. Prime itself converts a lot of its fees into equity in these companies. So one company for instance is IBSFINtech. This company is in banking risk management, treasury and trade software. It has been started by ex-bankers. Even today a number of treasuries work out of excel spreadsheets rather than having seamless automation with their bankers for trade, risk management, triggering transactions, taking exposures, etc. IBSFINtech is doing a phenomenal job in this space.
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