Nepal’s fintech sector is witnessing a major leadership transition as Sanat Kumar Poudel assumes the role of CEO of F1Soft Group, succeeding founder-leader Biswas Dhakal, who continues as Chairman of the group. This marks a significant moment for F1Soft, a company that has become central to Nepal’s digital banking and payment ecosystem. (LinkedIn)
About F1Soft Group: Nepal’s Fintech Backbone
Founded in 2004 by Biswas Dhakal, F1Soft began as a technology company focused on banking software and has since grown into Nepal’s largest fintech ecosystem. Today, F1Soft powers much of Nepal’s digital economy, enabling over 10 million transactions daily and supporting millions of merchants and users through its interconnected platforms. (LinkedIn)
F1Soft provides a broad portfolio of fintech products and digital services, including:
1. eSewa
Nepal’s leading digital wallet platform, allowing users to:
Send and receive money
Pay utility bills
Recharge mobile and internet services
Buy airline, bus, and movie tickets
Make merchant QR payments
2. Fonepay
Nepal’s largest interoperable payment network that enables:
QR code payments across banks and wallets
Interbank instant fund transfer
Merchant digital payment acceptance nationwide
Fonepay has become the dominant QR payment infrastructure in Nepal. (LinkedIn)
3. Mobile Banking Platforms
F1Soft develops mobile banking apps for many Nepali banks, enabling:
Account balance checks
Fund transfers
Statement downloads
Card controls
Loan and EMI services
4. Digital Banking Infrastructure
The company builds backend banking solutions such as:
Internet banking systems
Core financial switching systems
API banking integration platforms
Payment gateway solutions
5. Fonepoints / Foneloan / Merchant Ecosystem Tools
These services help merchants and consumers with:
Loyalty rewards programs
Instant digital lending
Merchant transaction analytics
Biswas Dhakal’s Legacy
Former CEO Biswas Dhakal is widely regarded as one of Nepal’s most influential technology entrepreneurs. Under his leadership, F1Soft transformed from a startup into a national fintech powerhouse that reshaped how Nepalis bank, pay, and transact digitally.
Dhakal’s vision helped Nepal leapfrog traditional banking barriers by creating scalable digital payment rails and making fintech mainstream. Even after stepping down as CEO, he remains deeply involved as Chairman, guiding long-term strategy and international expansion. (LinkedIn)
Sanat Kumar Poudel’s Leadership Era
As the new CEO, Sanat Kumar Poudel steps into leadership at a time when F1Soft is expanding beyond Nepal into broader regional opportunities. His leadership is expected to focus on:
Scaling fintech innovation across South Asia
Strengthening digital banking partnerships
Expanding cross-border payment systems
Enhancing security and transaction infrastructure
Driving global fintech expansion
Poudel inherits not just a successful company, but a fintech ecosystem that has become essential to Nepal’s economy.
What This Transition Means
The appointment of Sanat Kumar Poudel reflects F1Soft’s evolution from founder-led entrepreneurship into institution-driven growth. With Biswas Dhakal providing strategic direction as Chairman and Poudel leading operations as CEO, F1Soft appears poised for its next major phase: becoming a regional fintech leader beyond Nepal.
This transition represents more than a leadership change—it signals the next chapter in Nepal’s digital financial transformation.
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