Techurate
Techurate is a Bengaluru-based digital banking platform provider whose Tigiverse Digital Service Platform serves 250-plus banks and financial institutions across 15-plus emerging market geographies, delivered through a zero-CapEx Bank-in-a-Box model and channel partnerships.
- Company typePrivate
- Founded2015
- HeadquartersBengaluru, India
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Techurate does
Techurate Systems Pvt Ltd is a Bengaluru-headquartered digital banking platform provider founded in 2015, targeting banks and financial institutions in emerging markets. The company serves more than 250 banks and financial institutions across 15-plus geographies, with named deployments including Zanaco, NFC Bank Cameroon, PSMAS Zimbabwe, IZB, ZICB, and Indian cooperative banks such as Nagpur Nagrik Sahakari Bank.
Its core offering is Tigiverse, a Digital Service Platform built on a microservices architecture that delivers a portfolio of banking modules including Smart Recon (reconciliation, anomaly detection, and predictive analytics), Smart Branch (digital branch operations), Smart Biz, Instant Loan, and Loan Originate. Supporting capabilities include conversational AI over WhatsApp, OCR and handwriting recognition, and computer-vision-based eKYC. The company also offers Tigiverse Lite, a lower-priced tier aimed at Tier 2/3 and rural banks.
Techurate operates a zero-CapEx, "Bank-in-a-Box" delivery model and goes to market both directly and through channel partnerships, most notably with Modus Systems (a Finacle implementation partner for India) and Rabobank. In 2022 it formed a $15 million joint venture with an African financial services conglomerate to deepen its presence on the continent, which together with Indian cooperative and Regional Rural Bank deployments forms its primary geographic base. Revenue is generated through SaaS-style platform licensing and module subscriptions to regulated financial institutions, primarily small and mid-sized banks in Africa and South Asia.
Techurate firmographics
Firmographics- Name
- Techurate
- Legal name
- Techurate Systems Pvt Ltd
- Website
- https://techurate.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Techurate is a Bengaluru-based digital banking platform provider whose Tigiverse Digital Service Platform serves 250-plus banks and financial institutions across 15-plus emerging market geographies, delivered through a zero-CapEx Bank-in-a-Box model and channel partnerships.
- Ownership category
- akta.pro rank
Techurate industry classification
Industry- Product category
- Digital Banking Software
- NAICS
- Computer Systems Design Services (541512), Computer Systems Design and Related Services (54151), Other Computer Related Services (541519), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Digital Banking & Neobank Platforms (BPAMAFAD)
- akta.pro secondary industries
- SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations) (FSAGAAAI), Credit & Overdraft Enablement (Credit Lines, Underwriting Integrations) (FSAGAAAJ), Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)
Keywords
Where Techurate is headquartered
LocationHeadquarters
- HQ city
- Bengaluru
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Techurate business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- SaaS Subscription (Tigiverse Lite): Low-cost subscription-based service rolled out as Bank-in-a-Box for smaller cooperative banks. Zero capital expenditure with fully RBI compliant Mobile & Internet Banking platform. Subscription model with affordable pricing for Tier 2, 3 and Rural banks.
- Full Platform Licensing (Tigiverse): On-premise licensing model for larger banks with full Core + Digital banking stack. High score on price-value equation for bigger cooperative banks.
- Professional Services: Implementation and consulting services working with banks in consultative mode. Joint implementation with partners like Modus Systems for CBS integration.
- Transaction-based (Pay-per-use): Core and Digital Banking services provisioned through local cloud infrastructure with pay-per-use model. No upfront capital expenditure required.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | Tigiverse Lite - Low-cost Core + Digital solution for smaller banks |
| Hybrid | Multi-year contract | Full Tigiverse Platform for larger banks |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Techurate product offering
Product offeringCore offering
Techurate builds and sells Tigiverse, a Digital Service Platform (DSP) that delivers a modular ecosystem of software products for the digital transformation of banks and financial institutions. The platform combines core banking with digital banking capabilities (mobile, internet, omnichannel, smart branch, wallet, agency banking) and adjacent modules including reconciliation automation, open banking APIs, ERP, and emerging tech like AI/ML, blockchain, and VR/Metaverse banking, delivered via cloud SaaS or on-premise licensing.
Product overview
Techurate offers Tigiverse, a Digital Service Platform embodying a modular ecosystem for complete digital transformation of financial services enterprises. The platform architecture consists of the core Tigiverse platform with integrated modules including Smart Banking (omnichannel, Smart Branch, Handy Bank, Bank ON, Agency Banking), Smart Recon (reconciliation automation), Smart Integration (API Manager for Open Banking), ERP Solution, Smart Biz (merchant/e-commerce), and Wallet/Instant Loan/Loan Originate modules. For smaller banks, Tigiverse Lite provides a low-cost Bank-in-a-Box SaaS offering with zero Capex. The platform spans conventional mobile and internet banking to emerging Web 3.0 and Metaverse banking capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- Tigiverse: Digital Service Platform (DSP) that embodies an ecosystem of product modules curated to effect a complete Digital Transformation of enterprises in the financial services industry. Offers services ranging from conventional Mobile & Internet banking to Web 3.0 and Metaverse space.
- Tigiverse Lite
Products and services
- Tigiverse A Digital Service Platform (DSP) that embodies an ecosystem of product modules curated to effect complete digital transformation of enterprises in the financial services industry, spanning conventional mobile and internet banking to web 3.0 and Metaverse space.
- Smart Banking Flagship module of Tigiverse offering omnichannel banking experience across Mobile, Web 2.0, Web 3.0, and tablet kiosks covering retail and corporate banking functionalities.
- Smart Recon Automated reconciliation solution using RPA to auto-reconcile processes across diverse data formats, enabling IT teams to self-configure processes with minimal effort.
- Smart Integration Open Banking solution via API Manager providing easy and secure connectivity for banks to third-party consumer applications via API Gateway.
- ERP Solution End-to-end automation solution for procurement-to-payment processes including purchase requisition to GRN, with financial planning, budgeting, and risk assessment.
- Tigiverse Lite Low-cost version of flagship Tigiverse platform with disruptive subscription-based Bank-in-a-Box service, zero Capex, and fully RBI compliant Mobile and Internet Banking platform for Tier 2, 3 and Rural banks.
- Smart Branch (Tigi Branch) Virtual/semi-virtual banking solution providing intelligent automation for customer onboarding, deposits, withdrawals, and teller operations, promoting paperless workflows and Green Banking.
- Virtual Farmer Market E-commerce platform developed for farmers, successfully operated in underbanked African countries to extend financial services reach.
- IT Consulting Consulting services for banks and financial institutions to support digital transformation and Tigiverse platform implementation.
- Software Engineering Custom software engineering services for banking and financial services clients.
- Quality Assurance & Testing Quality assurance and software testing services for banking software implementations.
Quantifiable outcome
- 90% efficiency improvement in reconciliation processes with auto-certification of 100% of reconciliations
- +2 more outcomes
Companies that use Techurate
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles3 records
Techurate technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability8 records
Feature9 records
Techurate partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- African Financial Services Conglomerate (Joint Venture)coreTechurate signed a joint venture worth $15 million USD with an African financial services conglomerate for deeper market penetration in Africa through local partnership route.
- Modus SystemscorePartnership with Modus Systems, a partner to Finacle for CBS Implementation. This partnership enabled Techurate to go live with their first Cooperative Bank in India (Nagpur Nagrik Sahakari Bank) in late 2021, providing insight into the vast opportunity in the cooperative banking segment in India.
- RabobankminorDutch multinational banking and financial services company providing management services and technical assistance to Zanaco (Zambia National Commercial Bank). Rabobank assists Zanaco, a Techurate customer, with banking technology and operations.
- Infosys (Finacle)coreTechurate integrates with Finacle Core Banking System from Infosys. Joint implementation with Finacle team at Nagpur Nagrik Sahakari Bank. Finacle 10 integration for retail and corporate digital banking modules.
Scale indicators10 records
Recent moves8 records
Expansion highlights5 records
Techurate competitors and assessment
Company assessmentDirect peers
- Finacus Solutions: India-based digital banking and mobile banking solutions provider serving banks and financial institutions, with focus on cooperative and regional banks. Closely comparable in customer segment, product suite (mobile/internet banking, omnichannel), and geographic focus.
- Intellect Design Arena: Provider of digital banking, core banking, and lending platforms to global banks, with similar product breadth (digital channels, cards, lending) and focus on emerging market banks. Comparable in being a full-stack digital banking suite for retail and corporate.
- SARAL Solutions: India-focused digital banking channel solutions provider for cooperative and regional banks. Directly comparable in target customer (cooperative banks in India), product focus (mobile/internet banking), and partnership-led GTM.
- Nucleus Software: Provider of lending and transaction banking software to global banks, with comparable presence in emerging markets. Overlaps with Techurate on digital banking and lending modules (Instant Loan, Loan Originate).
- Mambu: Cloud-native core banking platform serving neobanks and incumbent banks globally. Comparable in microservices architecture and SaaS delivery, though targeting more Tier-1 and neobank customers than Techurate's emerging-market focus.
- Backbase: Digital banking platform focused on customer experience and engagement for incumbent banks. Comparable in providing digital banking channels, customer onboarding, and engagement layers, with broader enterprise focus.
- Thought Machine: Cloud-native core banking platform with microservices architecture. Comparable in technology approach (cloud-native, modular) and targeting Tier-1/global banks, though at higher end of market than Techurate.
- BPC Banking Technologies: Provider of digital banking, payments, and card processing solutions with strong presence in emerging markets (Africa, Middle East, Latin America). Highly comparable in geographic focus and customer segment (emerging market banks).
Emerging players
- M2P Fintech: India-based fintech infrastructure platform offering digital banking, lending, and payments APIs to banks and NBFCs. Comparable in serving Indian banks with API-driven banking infrastructure, though more focused on cards and payments than Techurate's broader banking suite.
Broad incumbents
- 3i Infotech: Established IT services and banking software provider with core banking and digital banking offerings. Comparable in targeting banks with digital transformation solutions, though broader in scope and larger in scale than Techurate.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Techurate social profiles
Digital presenceTechurate financial estimates
Financial estimateRevenue estimate
Valuation estimate
Techurate leadership team
Management profileNumber of profiles
Profiles4 records
Techurate funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Techurate M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Techurate
What does Techurate do?
Techurate builds and sells Tigiverse, a Digital Service Platform (DSP) that delivers a modular ecosystem of software products for the digital transformation of banks and financial institutions. The platform combines core banking with digital banking capabilities (mobile, internet, omnichannel, smart branch, wallet, agency banking) and adjacent modules including reconciliation automation, open banking APIs, ERP, and emerging tech like AI/ML, blockchain, and VR/Metaverse banking, delivered via cloud SaaS or on-premise licensing.
Is Techurate a public or private company?
Techurate is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Techurate founded?
Techurate was founded in 2015. It employs 11 to 50 people.
Where is Techurate based?
Techurate is headquartered in Bengaluru, India, in the Asia region.
How does Techurate make money?
Four revenue lines are on record. SaaS Subscription (Tigiverse Lite) is the primary driver. The others are full Platform Licensing (Tigiverse), professional Services and transaction-based (Pay-per-use).
Who are Techurate's main competitors?
Direct peers on record are Finacus Solutions, Intellect Design Arena, SARAL Solutions, Nucleus Software, Mambu, Backbase, Thought Machine and BPC Banking Technologies. M2P Fintech is listed as an emerging player. 3i Infotech is listed as a broad incumbent.
Does Techurate have an API?
Yes. Techurate offers an API platform for Open Banking connectivity. The Smart Integration module provides an API Manager that automates the process for banks to integrate third-party services as DIY with zero coding effort. The API Gateway enables connection to payment and billing aggregators, utility providers, and other third-party consumer applications. The platform supports REST APIs for rapid feature deployment with microservices and cloud-native architecture.
What industry is Techurate in?
Techurate's product category is Digital Banking Software. Its primary akta.pro industry code is BPAMAFAD, Digital Banking & Neobank Platforms, with a secondary code of FSAGAAAI, SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations). Its NAICS code is 541512 and its SIC code is 7372.