converj

Converj is a global embedded finance platform that brings together B2B payments and supply chain finance onto a Treasury Card.

[converj @converjpay]

A very Happy Diwali to all from the Converj Team! Wish you all a prosperous year ahead!

[Editors Guild of India @IndEditorsGuild]

Statement on Delhi Court’s Adani Takedown Order

[converj @converjpay]

Happy Holidays to everyone from the Converj team.

[converj @converjpay]

Happy New Year from the Converj team! @parryravi @varghese_peroor @manishdaswani_

[converj @converjpay]

Merry Christmas to you all from the Converj team!

[SYNC | A FinTech Event @Thesyncevent]

We’re proud to welcome Manish Daswani to the SYNC Event lineup!
Manish will be sharing his insights on "Rethinking Payments: The Future of Money in Motion."

Register Now: https://t.co/jmZH4wmaNF

#SYNCevent #PaymentsRevolution #MoneyInMotion #FutureOfFinance #InnovationInPayment

[converj @converjpay]

A Happy Diwali to you all from the Converj team. @varghese_peroor @parryravi @manishdaswani_

[converj @converjpay]

Wishing everyone a Happy Diwali!

[converj @converjpay]

Wishing everyone a Happy Diwali!

[Madhusudanan @onlymadhoo]

Very glad to announce our Series D watch this for more :)

https://t.co/fZvieDGd8k

[Sindhu Hariharan @SindhuHarih]

In @businessline :

As India #fintech story makes waves, Chennai-based @m2pfintech stands out with ~40% revenue from exports and growing..it has now raised 850 Crs and is a round away from unicorn, even as founders hold ~30% stake

https://t.co/Dd69Litii8

[Nandan Nilekani @NandanNilekani]

The Kerala High Court announces 24*7 ON Courts—open and networked courts that are accessible 24/7 for asynchronous actions and that reach out to citizens instead of citizens pursuing the court. This is a promising start to judicial process transformation! @matthan writes: https://t.co/fR69s1QV6E
https://t.co/dPY25qbiqw

[Madhusudanan @onlymadhoo]

firstly, Tech spends on Revenue by banks:

- India : 140-150 bps
- Global average - 350 - 380 bps

so India cheaper by at the very least 60%

Secondly, in most public sector banks, we have this concept of a reverse auction(RA), it should be done away with, banks should evaluate capabilities, scale, references (while all of this is done even today) and eventually commercials. With RA, participants slug it out and this race to the bottom creates misaligned incentives.

As an example recently we participated in an RFP (Tier 1 PSU) that awarded a 5 yr tech contract for Rs 1 cr thru RA, there is no way on earth that bank will get the right product over the course of its term as having a junior analyst will cost more than the contract itself. We opted out when it was over 10-20x this number but the one who got the RFP will most inevitably cut corners, you can't service a bank in a couple of laksh a month with all the regulatory rigour that’s required to be running a bank grade system.

Thirdly and most importantly, most of the upstarts in this space, that have achieved reasonable scale are looking for strategic buy outs. Thanks to our M & A push over the last few years, I’ve a vantage point view that gives a sneak into financials of some of these companies and it’s a sob story.

May appear like a self-fulfilling prophecy, but its time for policy makers to take a closer look at the tech procurement practices of FS, for that’s the mandate they carry, to keep the ecosystem healthy!

[Madhusudanan @onlymadhoo]

FSS is a great company built brick by brick over 3 decades, going by news, the company is trying to provide an exit to PE's but IMHO, the company will likely have a tough time as both the macros are not supporting in general around tech investments and how poorly India has treated its tech providers to FS, the TAM story doesn’t add up to appeal for a large deployment of capital.
https://t.co/w8iHpmca9f

[Arti Singh @artijourno]

Stripe moves to invite-only model for new account sign ups in India due to changing regulatory landscape in the country. #fintech #payments

[converj @converjpay]

Eid Mubarak to all from the Converj team!

[converj @converjpay]

Happy Holi to all from the Converj Team!

[Parry Ravindranathan @parryravi]

“Globally, successful payment providers are focused on developing payment experiences that aren’t just frictionless but also invisible.”
This interview or @manishdaswani_ on B2B payments is worth a read.

[converj @converjpay]

Converj Chief Business Officer ⁦@manishdaswani_⁩ on B2B payments. Leaders’ Lens: In conversation with Manish Daswani - SPJIMR-CFI https://t.co/KBYcWRYnby

[Parry Ravindranathan @parryravi]

Wow! We hired 7 excellent people last year from ⁦@iitdelhi⁩ and made 3 offers this year ⁦@converjpay⁩ . No better time to find and hire great talent. IIT placements: After a dull Phase 1, focus turns to getting more recruiters
https://t.co/HfBfmHhzgi