Agile Financial Technologies (Agile FT), has signed an agreement with India based Theme Technologies. This will enable Agile FT to acquire Theme’s Micro-Finance, Micro-Credit and Credit Management product stack, in an earn-out mechanism over three years. The products are compliant with CGAP standards.
The products will be rebranded and launched as Agilis Universal Microfinance(UMF). And this will enable Agile FT to offer Agilis UMF as a software platform as well as an outsourced service to Micro Finance Institutions in emerging markets.
Speaking on announcement, Kalpesh Desai, CEO, Agile FT, said: “From a modest beginning on a pilot basis in 1992, the microfinance industry in India has now touched the lives of more than 50 million people. The need of the hour is to enable delivery of services such as credit, pensions and insurance to this community quickly and efficiently, which is possible only through cost effective yet scalable technology. “
Agile Financial Technologies (Agile FT) is a global technology provider to key players in the Banking, Financial Services and Insurance sector in emerging markets.
Theme Technologies is a Global Information Technology company providing IT solutions for the Banking and Financial Services.