Srikanth Nadhamuni wears many hats—founder, investor, and technologist, among others. But perhaps, you know him best for his work on Aadhaar.
As Founder CTO of Aadhaar, he, along with Nandan Nilekani, played a crucial role in establishing the UID Technology Centre in Bengaluru that developed the Aadhaar technology, instrumental in giving 1.2 billion Indians a biometric-based identity card.
Nadhamuni has also worked on CPU design at Sun & Intel, delved into Interactive TV at SGI, and contributed to healthcare internet startup Healtheon|WebMD.
Besides his contributions to Silicon Valley, in October 2012, he co-founded Khosla Labs, a Bengaluru-based startup incubator, along with Vinod Khosla.
A year later, Nadhamuni, along with Gautam Bandyopadhyay, co-founded the banking fintech company Trustt (formerly Novopay) to make banking accessible, affordable, and simple for the next billion Indians.
Its AI-powered SaaS-based core banking platform helps consumers remit money, withdraw it, make payments, and avail themselves of a variety of banking and consumer-related products and services on its merchant network.
In an interaction with YourStory, Nadhamuni discusses the workings of Trustt and how the fintech aims to make financial services accessible to everyone. Here are the edited excerpts:
Srikanth Nadhamuni [SN]: While wrapping up my work on Aadhaar, my team had completed registrations for approximately half of the country—crossing 600 million users. In 2011, Nandan Nilekani, Co-founder of Infosys, who first proposed Aadhaar, asked me, “Can you build a bank for a billion people using only 100 people?” And I got obsessed.
A large segment of the population—underbanked or unbanked—faces challenges in accessing banking........