RNFI Services IPO

RNFI Services Limited is a tech-enabled platform offering fintech solutions in the business-to-business (B2B) and business-to-business-to-consumer (B2B2C) segments through its online portal and mobile app. It provides banking, digital, and government-to-citizen (G2C) services across the country. Its business can be divided into four segments: (i) business correspondent (BC) services; (ii) non-BC services; (iii) money changer services, and (iv) insurance broking. The money changer business is being conducted through its wholly-owned subsidiary, RNFI Money Private Limited, which is RBI registered full-fledged money changer (FFMC), while the insurance broking service is being conducted through its wholly-owned subsidiary, Reliassure Insurance Brokers Private Limited. Within its non-BC business, RNFI offers utilities and travel-related services such as mobile and DTH recharges, as well as services related to the Bharat Bill Payments System (BBPS), PAN card services, and G2C services. It also handles payments for Noida Power Company Limited, bookings for IRCTC and flights, EMI collection, delinquent loan collection services, and the sale and subscription of products and services tailored to the needs of the network partners.;