F1Soft International
F1Soft International is a Nepali fintech platform company operating an integrated ecosystem of core banking software, digital wallet (eSewa), payment switch (Fonepay), digital lending (Foneloan), neo-banking (FoneNXT), remittance, insurtech and loyalty products, serving 50+ banks and 26M+ end users across Nepal.
- Company typePrivate
- Founded2004
- HeadquartersKathmandu, Nepal
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingSoftware
F1Soft International firmographics
Firmographics- Name
- F1Soft International
- Legal name
- F1Soft International Pvt. Ltd.
- Website
- https://f1soft.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- F1Soft International is a Nepali fintech platform company operating an integrated ecosystem of core banking software, digital wallet (eSewa), payment switch (Fonepay), digital lending (Foneloan), neo-banking (FoneNXT), remittance, insurtech and loyalty products, serving 50+ banks and 26M+ end users across Nepal.
- Ownership category
- akta.pro rank
Where F1Soft International is headquartered
LocationHeadquarters
- HQ city
- Kathmandu
- HQ country
- Nepal
- HQ region
- Asia
Offices2 records
Markets served
F1Soft International business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Platform Licensing & Subscription: F1Soft licenses its digital banking platforms (BankXP, FoneNXT BaaS) to banks and financial institutions on subscription basis, providing them with full-stack digital banking capabilities.
- Payment Transaction Fees: eSewa and Fonepay charge transaction fees for processing digital payments, bill payments, QR code transactions, and fund transfers. eSewa processes $275M+ average monthly transactions.
- Digital Lending Platform: Foneloan generates revenue by enabling instant, automated loans through partner banks. The platform has disbursed 320K+ loans totaling $57M+ in loan volume.
- Agent & Merchant Network Fees: Revenue generated from the network of 250K+ eSewa agents and 425K+ merchants, and 1.5M+ Fonepay QR merchants who facilitate digital financial services.
- Remittance Services: eSewa Money Transfer earns fees from international money transfer services, leveraging partnerships with leading international remittance providers.
- Loyalty Program Management: Fonepoints provides digital loyalty management platform services to businesses, enabling point management and redemption marketplace capabilities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | B2B Enterprise Platform Licensing |
| Freemium | Pay-as-you-go | Consumer Digital Wallet Services |
| Transaction based/ take rate | Pay-as-you-go | Merchant Payment Services |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels6 records
F1Soft International product offering
Product offeringCore offering
F1Soft International develops and deploys enterprise digital banking, payment processing, and lending platforms for banks and financial institutions across Nepal. The company operates an integrated fintech ecosystem comprising BankXP (omnichannel banking), Fonepay (interoperable payment network), eSewa (digital wallet), Foneloan (digital lending), and FoneNXT (Banking-as-a-Service), serving 50+ banking partners and 26M+ end users. It also directly delivers consumer-facing digital services including the eSewa wallet and OrangeNXT neo-banking platform.
Product overview
F1Soft International operates as a comprehensive fintech ecosystem with a platform-plus-modules architecture. The portfolio comprises multiple interconnected business verticals: BankXP (omnichannel banking platform), FoneNXT/OrangeNXT (neo-banking/BaaS solutions), eSewa (digital wallet and payment gateway), Fonepay (interoperable payment network), Foneloan (digital lending), Fonepoints (loyalty management), eSewa Money Transfer (remittance), Foneinsure (insurance technology), eXtensoData (Big Data & AI), and Vidhypro Crafts (enterprise ERP and banking comparison tools). These products work together as an integrated financial services ecosystem, connecting 50+ banking and financial institution partners, enabling digital payments, lending, and financial services for 26M+ users across Nepal. The group also includes subsidiaries like Logica Beans (R&D services) and verticals like JumJum (mobility).
Differentiator
Problem solved
Functional benefit
Brands
- eSewa: South Asia's first digital wallet and Nepal's leading payment service provider (PSP), serving over 9 million users with digital financial solutions across 5,000+ services
- Fonepay
- BankXP
- OrangeNXT
- Foneloan
- Esewa Money Transfer
- FoneNXT
- Foneinsure
- Fonepoints
- eXtensoData
- Vidhypro Crafts
- Providhy ERP
- Saral Banking Sewa
Products and services
- BankXP Omnichannel banking platform trusted by 50+ banks enabling delivery of complete and consistent digital banking experiences to 23M+ customers through mobile, web, and branch banking integration. Processes 2.2M+ daily transactions.
- FoneNXT (Banking-as-a-Service) Banking-as-a-Platform (BaaS) solution empowering financial institutions with modern, customizable digital banking capabilities including digital onboarding, account management, cards management, and innovative features like kids' savings.
- OrangeNXT Digital-only neo-banking platform designed for digital natives, offering digital account opening, goal-based savings, and personal finance management through a mobile app.
- eSewa Digital Wallet South Asia's first digital wallet and Nepal's most popular online payment service provider (PSP), serving 9M+ users with 5,000+ digital financial services including mobile top-ups, utility payments, bill payments, and merchant payments.
- Fonepay Payment Network Nepal's largest interoperable payment network licensed as Payment System Operator (PSO) by Nepal Rastra Bank, connecting 60+ banking institutions and digital wallets for real-time P2P and P2M payments through QR codes and mobile banking. Processes $25B+ yearly transaction volume.
- Foneloan Digital Lending
Quantifiable outcome
- 75% reduction in branch footfall for partner banks
- +5 more outcomes
Companies that use F1Soft International
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles4 records
F1Soft International technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability10 records
Feature7 records
F1Soft International partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and minor.
- Rastriya Banijya BankcoreFoneloan partnered with Rastriya Banijya Bank to enable customers to apply for digital loans directly through the RBB Digital Sansar app, providing fully digital lending experience.
- Alipay+coreFonepay announced partnership with Alipay+ to enhance digital payments capabilities in Nepal, enabling cross-border payment interoperability and expanding acceptance for international users.
- NPCI InternationalcoreFonepay and NPCI International achieved over 1 million UPI transactions in Nepal, enabling cross-border UPI payments between India and Nepal, facilitating seamless digital transactions for cross-border customers.
- Swiss Agency for Development and Cooperation (SDC)coreSDC and eSewa collaborated to drive financial inclusion in Madhesh Province, supporting underserved communities' access to digital financial services through targeted programs and infrastructure.
- Agricultural Development Bank LimitedcoreFoneloan integration enabling agricultural bank's customers to access instant digital loans through mobile banking.
- Citizens Bank International LimitedcoreFoneloan integration enabling bank's customers to access instant digital loans through mobile banking.
- Kumari Bank LimitedcoreFoneloan integration with multi-disbursal feature in Kumari Smart app, enabling flexible credit access.
- Laxmi Sunrise Bank LimitedcoreFoneloan integration enabling bank's customers to access instant digital loans through mobile banking.
- Machhapuchhre Bank LimitedcoreFoneloan integration enabling bank's customers to access instant digital loans through mobile banking.
- Nabil Bank LimitedcoreFoneloan integration enabling bank's customers to access instant digital loans through mobile banking.
- Nepal Investment Mega Bank LimitedcoreFoneloan integration enabling bank's customers to access instant digital loans through mobile banking.
- NIC ASIA Bank LimitedcoreFoneloan integration enabling bank's customers to access instant digital loans through mobile banking.
- Prabhu Bank LimitedcoreFoneloan integration enabling bank's customers to access instant digital loans through mobile banking.
- Brett KingminorBrett King serves as an Advisor to F1Soft Group, providing strategic guidance on global fintech trends and banking innovation.
Scale indicators22 records
Recent moves17 records
Expansion highlights5 records
F1Soft International competitors and assessment
Company assessmentDirect peers
- bKash: bKash is Bangladesh's leading mobile financial services platform with 60M+ accounts, an agent network, and merchant QR rails. It is the closest analog to F1Soft's eSewa + Fonepay combination in a similar South Asian, underbanked market, making it the most directly comparable peer in terms of business model, regulatory framework, and unit economics.
- Khalti: Khalti is a Nepali digital wallet and payment service provider that directly competes with eSewa for Nepali consumers and merchants. Operating in the same regulatory environment with overlapping customers and product features (bill pay, P2P, merchant QR), it is the most relevant domestic competitor for benchmarking share and product roadmap.
- IME Pay: IME Pay is a Nepali PSP-licensed digital wallet operated by IME Group, directly competing with eSewa for Nepali retail and remittance customers. It is highly comparable as a domestic wallet peer operating under the same Nepal Rastra Bank PSP framework.
- Wave Money: Wave Money is Myanmar's leading mobile financial services platform combining a digital wallet, agent network, and merchant payment rails. It is comparable to F1Soft because of its similar emerging-market agent-led wallet model, bank partnerships, and cross-border remittance focus.
- Easypaisa: Easypaisa is one of Pakistan's leading mobile wallets, operated by Telenor Microfinance Bank, with a large agent network and merchant payment acceptance. Comparable to F1Soft's eSewa in targeting underbanked populations with a wallet + agent distribution model.
- JazzCash: JazzCash is a major Pakistani mobile wallet and payment service provider with millions of users, an agent network, and bill payment services. Similar in scope to eSewa as a telco/telecom-backed digital wallet in a South Asian underbanked market.
Broad incumbents
- Paytm: Paytm operates an integrated payments, wallet, banking, and merchant platform serving hundreds of millions of Indian users. Although much larger and broader, it shares F1Soft's full-stack approach combining consumer wallet, B2B payment acceptance, and digital lending, and serves as a benchmark for the scale potential of F1Soft's model.
- PhonePe: PhonePe is one of India's largest UPI-driven consumer payment and merchant acceptance platforms with hundreds of millions of users. Its dominance in QR-based merchant payments and integration with partner banks is highly analogous to Fonepay's role in Nepal, making it a useful incumbent benchmark.
Emerging players
- GCash: GCash is the Philippines' leading mobile wallet and consumer finance app, offering bill payment, savings, lending, and merchant QR services. While geographically distant, it is highly comparable to eSewa as a dominant emerging-market super-app wallet with similar product breadth.
- Mambu: Mambu is a global cloud-native core banking and BaaS platform that competes with F1Soft's FoneNXT/OrangeNXT/BankXP offerings in the digital banking infrastructure layer. Comparable as a peer in the embedded finance / banking-as-a-service category where F1Soft sells platforms to banks.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key highlights7 records
Customer concentration
F1Soft International social profiles
Digital presenceF1Soft International compliance and trust
Trust signalCompliance2 records
F1Soft International financial estimates
Financial estimateRevenue estimate
Valuation estimate
F1Soft International leadership team
Management profileNumber of profiles
Profiles15 records
F1Soft International subsidiaries and ownership
Company hierarchySubsidiaries10 records
F1Soft International funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
F1Soft International 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 F1Soft International
What does F1Soft International do?
F1Soft International develops and deploys enterprise digital banking, payment processing, and lending platforms for banks and financial institutions across Nepal. The company operates an integrated fintech ecosystem comprising BankXP (omnichannel banking), Fonepay (interoperable payment network), eSewa (digital wallet), Foneloan (digital lending), and FoneNXT (Banking-as-a-Service), serving 50+ banking partners and 26M+ end users. It also directly delivers consumer-facing digital services including the eSewa wallet and OrangeNXT neo-banking platform.
Is F1Soft International a public or private company?
F1Soft International is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was F1Soft International founded?
F1Soft International was founded in 2004. It employs 501 to 1,000 people.
Where is F1Soft International based?
F1Soft International is headquartered in Kathmandu, Nepal, in the Asia region.
How does F1Soft International make money?
Six revenue lines are on record. Platform Licensing & Subscription is the primary driver. The others are payment Transaction Fees, digital Lending Platform, agent & Merchant Network Fees, remittance Services and loyalty Program Management.
Who are F1Soft International's main competitors?
Direct peers on record are bKash, Khalti, IME Pay, Wave Money, Easypaisa and JazzCash. Broad incumbents are Paytm and PhonePe. Emerging players are GCash and Mambu.
Does F1Soft International have an API?
No public API is recorded for F1Soft International.