Fintech Startup Falcon Makes Waves in Banking Sector

By Sunil Sonkar
2 Min Read
Fintech Startup Falcon Makes Waves in Banking Sector

In the world of finance, a young and ambitious fintech company named Falcon is making waves. Founded by childhood best friends Priyanka Kanwar and Prabhtej Bhatia, Falcon has rapidly grown since leaving the nest just six months ago.

Advertisement

During this short span, Falcon has achieved remarkable milestones. The company has secured more than 40 enterprise customers, primarily banks and non-banking financial companies (NBFCs). Impressively, Falcon’s annualized gross revenue has exceeded $10 million.

Falcon stands out due to its commitment to transforming the financial sector. The company offers state-of-the-art fintech infrastructure to financial institutions, enabling them to shed outdated legacy systems and embrace a fresh era of banking and lending. Falcon’s solutions leverage cutting-edge technologies such as artificial intelligence (AI) and scalable cloud infrastructure, empowering banks, NBFCs and tech firms to rapidly develop next-generation offerings including cards, UPI services, lending platforms and deposit solutions.

In their mission statement, Falcon said they want to become a big player worldwide, helping the biggest banks and financial institutions. They aim to make more than $1 billion in revenue each year.

Priyanka and Prabhtej’s journey began as teenagers, with a shared dream of entrepreneurship. Despite their young age, they were driven by a hunger for innovation. Priyanka recalls, “We both had that crazy hunger and fire that we need to do something together.” Their initial plan was to start an e-commerce company when they were just 15 or 16 years old.

However, their parents urged them to pursue higher education, leading them down different paths. Priyanka attended Yale in the United States and founded Kite, a successful business-to-consumer (B2C) and business-to-business (B2B) Software-as-a-Service (SaaS) company. Her passion for fintech was ignited early, and she actively engaged with microfinance institutions before establishing Kite.

Share This Article