Neokred Technologies Private Limited announced 5 billion transactions by Fiscal Year 2025 through its flagship product, Collectbot. Designed as a versatile payment processing platform, Collectbot simplifies financial transactions and enhances operational efficiency with its innovative use of Virtual Account Numbers (VANs). This approach streamlines fund reconciliation and minimizes KYC requirements, offering businesses a seamless payment processing solution.

Beyond its core functionalities, Collectbot features automated capabilities and robust security measures, making it an ideal choice for businesses seeking secure and efficient payment processing solutions. The platform’s integrated switch facilitates digital transformation for banks, enabling the seamless integration of over-the-top solutions into their current account systems. This capability enhances the interface between banks’ core banking systems and customers, fostering a more connected financial ecosystem.

Neokred’s ambitious projection reflects its commitment to revolutionizing the financial landscapes of India and the Middle East with its ‘Embedded Banking as a Service’ ecosystem. As a leading provider of Banking as a Service (BaaS) solutions, Neokred is dedicated to delivering innovative, data-driven solutions tailored to both B2B and B2C sectors.

Rohith Reji, Co-Founder & CEO of Neokred Technologies, emphasized the significance of this milestone: “Our target of 5 billion transactions signifies not just a numerical achievement, but also the trust our clients place in us and the reliability of our solutions. Collectbot goes beyond basic transaction processing; it delivers a transformative experience that empowers businesses and enhances user engagement through value-driven features.”

Neokred’s Embedded Banking as a Service ecosystem distinguishes itself with customizable solutions, scalable infrastructure, and rigorous compliance standards. By offering flexible APIs and modular components, Neokred ensures seamless integration and customization tailored to the unique needs of each business.

Dipali Padia, Director of Business Development at Neokred Technologies, highlighted the company’s collaborative approach to innovation: “At Neokred, we believe in collaborative innovation to drive efficiency. Our partnerships with leading banks and esteemed clients like CoinSwitch and CoinDCX underscore our commitment to delivering top-tier financial solutions. Collectbot exemplifies our pursuit of excellence and vision for the future of fintech.”