Nepal 🇳🇵 #founders


As president of F1Soft International, Nepal’s leading fintech, Biswas Dhakal is a trailblazer for financial services in the country, where almost 90% of banks use at least one of his company’s 12 solutions. These include digital payments company Fonepay and the country’s first online payment gateway eSewa, which boasts around 5 million users. When Dhakal founded F1Soft as a college freshman in 2004, there was very low internet or smartphone penetration in Nepal, but over the years, he overcame policy and investment challenges to expand and cater to the unbanked population in the South Asian country, where about 95% of transactions are still done in cash. Now Dhakal is setting his sights on Fonepay’s expansion, to help its 18 million users make payments abroad.

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