Member Vs Partner
FinTechs collaborate on the FACE platform to advance digitalisation, consumer-centricity, innovation, and financial inclusion. Joining an active community helps members shape the fintech sector and its impact on people and society. FACE Membership brings camaraderie and shared opportunities. Members engage and work with industry colleagues, contribute to discussions, and drive industry-wide initiatives that deal with the most pressing industry challenges and opportunities.
FACE offers two types of association to the FinTech ecosystem: Members and Partners.
Eligibility
Entities, other than an individual, directly engaged in activities related to fintech and digital lending sector, regulated by the RBI or otherwise, shall be eligible to apply for membership in the Company. FinTechs defined, as per RBI SRO-FT, as entities that provide technological solutions for delivery of financial products and services to businesses and consumers or encompass regulatory and supervisory compliance in partnership with traditional financial institutions or otherwise.
Specific Privileges
Access to FACE Governing Body/FACE Members/Working Groups/Know how/Communication and Eligible to contest for the Board seat and voting rights in the General Body
Annual Membership Fee
Every year, the face board approves the annual membership fee structure for the financial year in consultation with members. Members pay a yearly fee pro-rated in advance for the year at the time of joining and pay annually subsequently for renewal of the membership at the beginning of the financial year.
Annual membership fee:
For FY 25-26, the annual membership fee is 0.1% of the consolidated yearly revenue, subject to a minimum fee of ₹50,000 and a maximum fee of ₹12,00,000, pro-rated for the period from the date of joining.
For members operating as BCs/DMTs, the maximum fee is capped at ₹3,00,000.
For FinTech start-ups at the pre-revenue stage, the fee is ₹10,000.
Eligibility
Entities, other than individuals, not eligible to become members (such as research, investment, advisory, consulting, audit, debt funding and investors etc) engaged with the fintech sector are eligible to become partners.
Specific Privileges
Access to FACE Members/WGs/Know-how/Communication but NOT eligible for Board seat and no voting rights in General Body
Annual Membership Fee
Every year, the face board approves the annual membership fee structure for the financial year in consultation with members. Members pay a yearly fee pro-rated in advance for the year at the time of joining and pay annually subsequently for renewal of the membership at the beginning of the financial year.
For FY 25-26, the annual fee is Rs 5 Lakhs, pro-rated for the period from the date of joining to Mar 2026.
Current members/partners
FACE has a diverse set of members representing the plurality of FinTechs across domains such as Lending, SaaS, Infrastructure, Reg-tech, TSP, P2P, LSP, Marketplace, etc. They have equal rights and responsibilities and actively participate in building a better ecosystem for all.
