When was FSS founded?

FSS was founded in 1991 and raised its 1st funding round 17 years after it was founded.

Where is FSS located?

FSS is headquartered in Chennai, India. It is registered at SARADHAGROUNDFLOOR,NO.42,THIRDMAINROAD,GANDHINAGAR,ADYAR, CHENNAI, Tamil Nadu, India, 600020.

Who is the current CEO of FSS?

Viswanathan Balasubramanian of FSS.

Which legal entities is FSS associated with?

FSS is associated with FINANCIAL SOFTWARE AND SYSTEMS PRIVATE LIMITED and 6 others.

How many employees does FSS have?

As of May 31, 2026, the latest employee count at FSS is 3107.

Is FSS a funded company?

FSS is a funded company, having raised a total of $127M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jul 13, 2008.

How much is FSS worth?

The latest valuation of FSS is ₹***** as of Nov 05, 2014.

When was the latest funding round of FSS?

FSS's latest funding was a $***** Series C round on Oct 13, 2014, with participation from 3 investors.

What is the annual revenue of FSS?

Annual revenue of FSS is between ₹500 Cr and ₹1,000 Cr as on Mar 31, 2025

Where does FSS rank among its competitors?

FSS ranks 3rd amongst 197 active competitors, of which 22 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Silverflow, which secured $40M in Mar, 2026.

Who are the top competitors of FSS?

FSS's top competitors include Euronet Worldwide, Thredd and Silverflow. Among them, Silverflow secured the most recent funding round in March, 2026.

FSS - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of payment technology solutions for card issuance and management. The company offers products for merchant acquiring, real-time payments, and reconciliation. It provides solutions for card lifecycle management, ATM operations, and enterprise transformation. The company also offers a low-code application development platform and an innovation hub.

Website: www.fsstech.com/
Social
Email ID: *****@fsstech.com
Phone Number: +91 **********
Registered Address: SARADHAGROUNDFLOOR,NO.42,THIRDMAINROAD,GANDHINAGAR,ADYAR, CHENNAI, Tamil Nadu, India, 600020

Key Metrics

Founded Year

1991

Location

Chennai, India

Stage

Series C

Total Funding

$127M in 3 rounds

Latest Funding Round

Series C, Oct 13, 2014, $*****

Post Money Valuation

₹***** as on Nov 05, 2014

Investors

New Enterprise Associates & 8 more

Ranked

3^rd among 197 active competitors

Annual Revenue

₹500 - ₹1,000 Cr as on Mar 31, 2025

Employee Count

3,107 as on May 31, 2026

Investment & Acquisitions

Ecentric & 1 more

Similar Companies

Euronet Worldwide & 259 more

View FSS's full profile

FSS is associated with 7 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FSS TECHNOLOGIES PRIVATE LIMITED CIN: U72900TN2007PTC080726 , India, Active	Mar 13, 2007	0 - ₹10 Cr (As on Mar 31, 2025)	-
FSS TECHNOLOGIES, LLC CIN: 300887538 , United States, Active	Dec 31, 1999	-	70 (As on Dec 31, 2024)	-
FSS GRAMEENPAY PRIVATE LIMITED CIN: U65900TN2018PTC125591 , India, Active	Oct 31, 2018	0 - ₹10 Cr (As on Mar 31, 2025)	-
FINANCIAL SOFTWARE AND SYSTEMS PRIVATE LIMITED CIN: U52599TN1991PTC020361 , India, Active	Feb 20, 1991	₹500 - ₹1,000 Cr (As on Mar 31, 2025)	1 (As on Aug 01, 2024)
FSS TECHNOLOGIES (AUSTRALIA) PTY. LTD. CIN: 134235699 , Australia, Active	Nov 18, 2008	-	-	-
FSS Technologies (UK) Ltd CIN: 7110237 , Germany, Active	Dec 20, 2009	-	2 (As on Dec 31, 2021)
FSS INDIA PRIVATE LIMITED CIN: U72200TN2008PTC068382 , India, Active	Jun 27, 2008	0 - ₹10 Cr (As on Mar 31, 2023)	-

FSS has raised a total funding of $127M over 3 rounds. Its first funding round was on Jul 13, 2008. Its latest funding round was a Series C round on Oct 13, 2014 for $*****. 3 investors participated in its latest round. FSS has 6 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of FSS:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 13, 2014	2020704	Series C	1421420	5622054	8319785	6976670
Dec 24, 2009	5933742	Series B	8987266	6832979	5816281	Jacob Ballas Capital
Jul 13, 2008	4425032	Series A	6442922	8167046	The Carlyle Group	8840500

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View details of FSS's funding rounds and investors

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

Viswanathan Balasubramanian: CEO of FSS.

FSS's Board of Directors

FSS's board has 3 active members. Srinivas Chidambaram is part of team and Baskaran Ganesh Iyer and Vijendar Dwarakanath are independent board members.

Here is the list of FSS's board of directors:

Name	Type	Representing	Status	Duration
pagrrby	Team	-	Past	2y 8m
Srinivas Chidambaram	Investor	Jacob Ballas Capital	Current	16y 0m
Prakash Chellam	Investor	-	Current	1y 5m
{{poiue	Investor	noo{lpw	Current	9y 1m
boeevwj	Investor	qlvhofx	Past	8y 7m
ooiukra	Investor	zsu{erk	Past	1y 4m
Rudhraapathy Jagannathan	Independent board member	-	Current	28y 3m
iwlcrhk	Independent board member	-	Current	6y 5m
outpsxi	Independent board member	-	Current	2y 3m
lzinyyh	Independent board member	-	Past	6y 5m
wrcakhf	Independent board member	-	Past	5y 3m

View details of FSS's Founder profiles and Board Members

FSS's employee count trend

FSS has 3,107 employees as of May 26. Here is FSS's employee count trend over the years:

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Top competitors of FSS include Euronet Worldwide, Thredd and Silverflow. Here is the list of Top 10 competitors of FSS, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Euronet Worldwide 1994, Leawood (United States), Funding Raised	Electronic payments provider	-	Advent International, Innova Capital & 1 others	70/100
2nd	Thredd 2007, London (United Kingdom), Series D	Provider of issuer processing services for businesses needing digital payment solutions	$461M	Viking Global Investors, Visa & 22 others	68/100
3rd	FSS 1991, Chennai (India), Series C	Provider of payment technology solutions for card issuance and management	$127M	Premji Invest, New Enterprise Associates & 7 others	64/100
4th	Silverflow 2019, Amsterdam (Netherlands), Series B	Issuer processor providing payment processing solution for businesses	$76.4M	Coatue, Crane Venture Partners & 6 others	64/100
5th	Enfuce 2016, Espoo (Finland), Series C	Provider of open banking API solutions	$74.2M	Vitruvian Partners, Maki & 5 others	63/100
6th	Conferma 2004, Cheadle (United Kingdom), Unfunded	Provider of virtual card and payment solutions for business transactions	-	-	62/100
7th	Arroweye 2000, Chicago (United States), Acquired	On-demand payment card solutions provider enabling speed and flexibility	$88.7M	Baird Capital, Adams Street Partners & 3 others	61/100
8th	CPI Card Group 1995, Littleton (United States), Public	Payment card and issuer processing solutions	-	Demtech, Parallel49 Equity	61/100
9th	EVO Payments 1989, Atlanta (United States), Acquired	Merchant acquiring and payment processing solutions	-	Ranger Investments, MDP	60/100
10th	Elavon 1991, Atlanta (United States), Acquired	Global payment processing solutions for businesses of all sizes and industries	-	-	60/100

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Founders own 29.59%, Funds (largest shareholder) own 48.71%, Other People own 13.32% and ESOP Pool own 5.32%. The net worth of FSS's founders is INR 486Cr as of Nov 05, 2014.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	29.59%	486Cr	3954561	1715089	5048983	6855961
Fund	48.71%	800Cr	5553728	4434014	9057684	7249636
New Enterprise Associates	4752089	1077188	9937612	3119203	4827487	1924916
Jacob Ballas Capital	1052450	3987561	5341440	1374436	7819307	7038102
Premji Invest	2169570	4788010	5001953	8591545	9101238	9094392
The Carlyle Group	0	0	0	0	0	0
Other People	13.32%	219Cr	3011251	5754764	6753740	4924706
ESOP Pool	5.32%	87.4Cr	98346	48385	35138	15588
Other Investors	3.06%	50.3Cr	168	748	920	240
Total	100.00%	1,640Cr	4732963	7567177	4795490	3131770