When was F1Soft founded?

F1Soft was founded in 2004 and raised its 1st funding round 13 years after it was founded.

Where is F1Soft located?

F1Soft is headquartered in Kathmandu, Nepal.

How many employees does F1Soft have?

As of Apr 30, 2026, the latest employee count at F1Soft is 393.

Is F1Soft a funded company?

F1Soft is a funded company, having raised a total of $***** in its 1st and only funding round, a Series B round on May 31, 2017.

When was the latest funding round of F1Soft?

F1Soft's latest funding was a $***** Series B round on May 31, 2017, with participation from 1 investor.

Where does F1Soft rank among its competitors?

F1Soft ranks 54th amongst 209 active competitors, of which 27 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Asseco, which secured an undisclosed amount in Feb, 2025.

Who are the top competitors of F1Soft?

F1Soft's top competitors include Fino Paytech, Tyfone and Narmi. Among them, Asseco secured the most recent funding round in February, 2025.

F1Soft - 2026 Company Profile, Team, Funding & Competitors

F1Soft is a series B company based in Kathmandu (Nepal), founded in 2004 by Biswas Dhakal. It operates as a Mobile/Internet banking products. F1Soft has raised an undisclosed amount in funding. The company has 209 active competitors, including 27 funded and 22 that have exited. Its top competitors include companies like Fino Paytech, Tyfone and Narmi.

Company Details

F1soft is a software development firm providing mobile/internet banking product for banks in Nepal. The products include BankSmart - for mobile banking, Bank-ex for online banking, FoneBank - another mobile banking solution, e-Sewa - an online payment gateway, SMS banking and card management products. The company claims to lead the market with almost 90% of Nepal’s financial institutions using at least one of their transaction banking products.

Website: f1soft.com
Social
Email ID: *****@f1soft.com

Key Metrics

Founded Year

2004

Location

Kathmandu, Nepal

Stage

Series B

Latest Funding Round

Series B, May 31, 2017, $*****

Investors

Kantipur Media Group

Ranked

54^th among 209 active competitors

Employee Count

393 as on Apr 30, 2026

Similar Companies

Fino Paytech & 241 more

View F1Soft's full profile

F1Soft has raised funding over 1 round. Its latest funding round was a Series B round on May 31, 2017 for $*****. 1 investor participated in its latest round. F1Soft has 1 institutional investor.

Here is the list of recent funding rounds of F1Soft:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 31, 2017	3417026	Series B	9909658	4713275	9644446	3596155

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View details of F1Soft's funding rounds and investors

The founders of F1Soft is Biswas Dhakal.

Here are the details of F1Soft's key team members:

Biswas Dhakal: Founder & CEO of F1Soft.

View details of F1Soft's Founder profiles and Board Members

F1Soft's employee count trend

F1Soft has 393 employees as of Apr 26. Here is F1Soft's employee count trend over the years:

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Top competitors of F1Soft include Fino Paytech, Tyfone and Narmi. Here is the list of Top 10 competitors of F1Soft, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fino Paytech 2006, Mumbai (India), Series D	Provider of technology solutions and services for banking and financial sectors	$177M	IFC, Bharat Petroleum & 41 others	70/100
2nd	Tyfone 2004, Portland (United States), Series D	Omni-channel banking solutions	$38.3M	HDFC Mutual Fund, Demopolis Equity Partners ... & 8 others	69/100
3rd	Narmi 2016, New York City (United States), Series B	Provider of omnichannel banking solutions for banks and credit unions	$57.3M	New Enterprise Associates, Greycroft & 7 others	62/100
4th	Asseco 1987, Rzeszow (Poland), Public	Provider of an omnichannel banking solutions	-	venture CAPITAL funding, FMC & 3 others	62/100
5th	VNLIFE 2007, Hanoi (Vietnam), Series B	Software for omnichannel banking and distribution services	$550M	Dragoneer Investment Group, General Atlantic ... & 4 others	61/100
6th	Amount 2014, Chicago (United States), Acquired	Omnichannel Banking solutions for banks and lenders	$252M	WestCap, QED Investors & 17 others	61/100
7th	i-exceed 2011, Bengaluru (India), Funding Raised	Developer of digital banking platform offering solutions for financial institutions	-	-	58/100
8th	Senrysa Technologies 2011, Kolkata (India), Seed	Provider of technology solutions for banking, financial, and enterprise sectors	$1.82M	Prosperitas, Gala Finance & 29 others	56/100
9th	Bankingly 2015, Montevideo (Uruguay), Series A	Provider of cloud-based omnichannel banking solutions	$18.7M	Oikocredit, Elevar Equity & 14 others	55/100
10th	Technisys 1995, Miami (United States), Acquired	Cloud-based omni-channel banking channel	$83.7M	Endeavor, Riverwood Capital & 10 others	54/100
54th	F1Soft 2004, Kathmandu (Nepal), Series B	Mobile/Internet banking products	-	Kantipur Media Group	31/100