Indian-origin bizman helps banks open remote branches for $150

The start-up has acquired more than 30 client banks and financial institutions across Africa and Southeast Asia

An Indian-origin banker was so consumed by the idea of making banking accessible for the unbanked that he poured his entire life savings into a start-up in Singapore that enables banks to set up branches in remote locations for just $150.

Ram Sharma, a permanent resident in Singapore, and a veteran in the banking sector, having worked with Centurion Bank in India and Bank Albilad in Saudi Arabia, and his friend Ragu Nandan, set up a fintech start-up in 2016.

Based in Singapore, Bank-Genie develops digital solutions that enables banks to overcome prohibitive costs to set up branches in remote locations and