Nepal’s prominent fintech firm F1Soft International has divested 80% of its share in eSewa. The company floated the share ownership among its owners, like Asgar Ali and Biswas Dhakal, while keeping 20% in its own. We have the details down below on Nepal’s leading digital wallet platform. Keep reading.
Speaking of eSewa, it is Nepal’s largest profit-making digital wallet with over 10 million subscribers. It has transformed the way of payment from physical to electronic, providing payment facilities on the mobile app for utilities, services, government revenue payments, booking flight and bus tickets, etc. The company has been reaching 55% profit in recent years.
Check out: Top Digital Wallets in Nepal: Updated with latest details
eSewa shareholders
Asgar Ali, co-founder of eSewa and Fonepay, owns 27.95% of shares in eSewa after F1soft floated 80% of shares in the company. F1Soft’s president Biswas Dhakal now has 23.83% of shares, while the company itself retains 20% of shares. Likewise, Sambhav Sirohiya, who is the Managing Director of Kantipur Media Group (KMG), has 13.63% of shares, with Subash Sharma keeping 6.54% in the country’s popular mobile payment vendor.
The table below shows the list of the major promoter shareholders of eSewa.
| Shareholder Name | Ownership (%) |
| Asgar Ali | 27.95% |
| Biswas Dhakal | 23.83% |
| F1Soft International | 20.00% |
| Sambhav Sirohiya | 13.63% |
| Subash Sharma | 6.54% |
Rating agency ICRA Nepal has stated that F1Soft has gained 167 percent from the sale of 80 percent ownership. ICRA Nepal has given F1 Soft an L Triple B Plus rating (LBBB+) for debt.
The company’s challenges are coming from Khalti, which has only stronger after it merged with IME Pay. But with mobile banking apps also featuring payment facilities, the company has sought service diversification, which involves the JumJum ride-hailing platform.
Going forward, eSewa will continue its robust effort to stay ahead in Nepal’s saturated digital wallet industry. The company boasts a paid-up capital of 38 crore, and has approved a 112.11% dividend.
Keep in mind that eSewa IPO is on the cards and that might substantiate next year.