10,000 Bandhus cover 100,000 villages to reach 16 million underbanked people in India

Manish Khera, Founder & CEO of FINO, avers that FINO is not a bank; it's a last mile connector. It helps big banks acquire and service customers who are located in places that are too small for most banks to service directly. With a console device the size of a brick, FINO'S bandhus, or business correspondents, facilitate cash withdrawals, deposits, and even loans on behalf of the banks, in a micro-finance revolution that's transforming India.
http://businesstoday.intoday.in/story/the-last-milers.html/1/5856.html

4 mn underbanked Indian customers transact Rs 80 Cr per month, in 17,000 locations.

Manish Khera, gave up his cushy ICICI bank job to dedicate his life to a vision - provide financial services to the unbanked poor. He founded Financial Information Network and Operations (FINO) in 2006. An engineer by design and banker by choice, Khera today runs FINO which is revolutionizing the way banking services are deployed in the hinterland.
http://indiatoday.intoday.in/story/FINO:+Money+Vendor+Machines/1/65485.html

NCR & Manish Khera-led FINO partner to overcome barriers to Financial Inclusion

NCR and FINO announce a partnership to overcome the barriers to Financial Inclusion. NCR EasyPoint 70 Tijori will now help Manish Khera led Fino reach 25 million unbanked customers. EasyPoint 70 Tijori, is an innovative micro deposit solution, with smartcard and biometrics technology that will help banks and micro finance Institutions (MFIs) to scale their services, to reach more unbanked people across India.
http://www.moneycontrol.com/news/business/ncrfino-partner-to-overcome-barriers-to-fin-inclusion_383801.html?utm_source=ref_article

NCR & Manish Khera-led FINO partner to overcome barriers to Financial Inclusion

NCR and FINO announce a partnership to overcome the barriers to Financial Inclusion. NCR EasyPoint 70 Tijori will now help Manish Khera led Fino reach 25 million unbanked customers. EasyPoint 70 Tijori, is an innovative micro deposit solution, with smartcard and biometrics technology that will help banks and micro finance Institutions (MFIs) to scale their services, to reach more unbanked people across India.
http://www.moneycontrol.com/news/business/ncrfino-partner-to-overcome-barriers-to-fin-inclusion_383801.html?utm_source=ref_article

Ten Million Customers in India Use Multiple Micro-Banking Applications

Gemalto, the world leader in digital security, announces that ten million Financial Inclusion Network & Operations (FINO) customers in India now enjoy the benefits of micro-banking, using Gemalto smart cards, as part of FINO’s broader branch less banking program. Manish Khera led FINO uses a business and banking technology platform that is enabled with services. FINO has achieved breakthrough in scale and access to affordable financial services to the unserved and underserved masses, totaling 42 million customers in India.
http://www.gemalto.com/press/Pages/news_1136.aspx

Manish Khera led Fino acquires Nokia’s mobile payment arm

FINO has acquired the pre-paid mobile payment business of Nokia Mobile Payment Services. Led by Founder & CEO, Manish Khera, FINO is the largest business correspondent (BC) in the country with a network of 31,000 transaction points. According to Manish Khera, a new entity Alpha Payment Services India Pvt Ltd (Alpha) will offer services such as money transfers, utility bill payments, mobile and DTH recharges, etc, to the unbanked in India, under the brand ‘Takatak Money’.
http://www.thehindubusinessline.com/industry-and-economy/banking/fino-acquires-nokias-mobile-payment-arm-in-allcash-deal/article3577442.ece

Ernst & Young declares Manish Khera as Entrepreneur of the Year 2011, from India

Manish Khera, Founder & CEO of FINO manages a business and banking technology platform that delivers services to the unbanked and the under-banked, in India. Since FINO’s started in 2006, Manish has been connecting micro-customers with businesses, banks, government and investors. So far, under his leadership, FINO it has enrolled 43 million customers across 26 states, executing 6 million transactions every month, totaling over Rs 10 billion.
http://www.ey.com/IN/en/About-us/Entrepreneurship/Entrepreneur-Of-The-Year/EOY-2011-India-finalist---Manish-Khera

Taking the Banks to India's Unbanked 60%

Think of rickshaw pullers, maids, paanwallahs, chauffeurs, casual labourers and other odd-jobbers who barely manage a living, saving money in small amounts using digital money. Manish Khera, is the driving force behind the organization that is partnering with banks to bring basic banking services to the unbanked in India. Read the story in Forbes India
http://forbesindia.com/printcontent/33857

The remarkable success story of basic banking services in remote villages of India

About 60% of India's population of over 1.2 billion people do not have a bank account, or a credit card. This is the story of how Manish Khera and his redoubtable team of business correspondents, campaigned in remote villages to bring banking to the door of the unbanked poor in India. It is the story of how Manish, along with partner banks and agencies used technology and gumption to overcome obstacles. http://articles.economictimes.indiatimes.com/2011-07-20/news/29794829_1_banking-services-icici-bank-manish-khera
http://articles.economictimes.indiatimes.com/2011-07-20/news/29794829_1_banking-services-icici-bank-manish-khera

Blackstone Group invests Rs 150 Crore in Manish Khera led FINO

Blackstone Group, a PE firm, invested 150 crore in Manish Khera led FINO, for a minority stake. Advised by Ernst & Young, the funds will be used for the overall growth of the company and meeting long-term capital requirements. FINO which was founded in 2006, is led by Manish Khera, CEO and Director. FINO povides an innovative electronic platform for banks and microfinance institutions involving the use of biometric smart cards, hand-held devices and Micro Deposit Machines, to perform field operations and biometric authentication.
http://www.business-standard.com/article/press-releases/manish-khera-ceo-of-fino-selected-as-young-global-leader-2011-by-wef-111031000121_1.html

Manish Khera is selected as Young Global Leader 2011, by World Economic Forum

Manish Khera joins a select worldwide community 1000 Young Global Leaders (YGL), under the age of 40, in 2011. Each year, the World Economic Forum’s, Young Global Leaders (YGL) cherry picks 190 leaders from 65 countries. These leaders represent business, government, civil society, arts & culture, academia and media, as well as social entrepreneurs and are selected by a Committee chaired by Her Majesty Queen Rania of Jordan.
http://www.business-standard.com/article/press-releases/manish-khera-ceo-of-fino-selected-as-young-global-leader-2011-by-wef-111031000121_1.html