As per First India, “Bytes of Brilliance” captures how Anvesh Tiwari built Laraware from scratch — showcasing the journey of building India’s first fully AI-powered fintech infrastructure and the vision behind Nxtbanking.
About the Feature
This feature story was published by First India, one of India’s prominent digital media platforms, highlighting the entrepreneurial journey of Anvesh Tiwari — the founder and CTO of Laraware Pvt Ltd. The article dives into how a young engineer from Uttar Pradesh built a fintech company that is now disrupting the digital payments landscape across India.
Laraware — Built from the Ground Up
Anvesh Tiwari started Laraware with a singular vision: to democratize access to financial services for millions of unbanked and underbanked Indians. Starting from a small team in Lucknow, Uttar Pradesh, the company grew to become one of India’s most recognized fintech software companies.
Laraware’s flagship product, NXT Banking, is a comprehensive whitelabel fintech platform that enables entrepreneurs to launch their own digital payment businesses. The platform supports AePS (Aadhaar Enabled Payment System), DMT (Domestic Money Transfer), BBPS (Bharat Bill Payment System), multi-recharge services, micro ATM operations, and more — all under one roof with a 9-level distribution hierarchy model.
India’s First Fully AI-Powered Fintech Stack
In July 2025, Laraware launched what has been recognized as India’s first fully AI-driven fintech platform. The Nxtbanking platform incorporates artificial intelligence at every layer — from automated KYC verification and fraud detection to intelligent commission calculation and real-time transaction monitoring.
This milestone was covered by multiple national and regional publications, earning Anvesh Tiwari a feature in Forbes India and recognition as one of India’s top software engineers from Uttar Pradesh.
Key Highlights from the Story
- Built Laraware from scratch with zero external funding in the early stages
- Grew from a Lucknow startup to serving thousands of fintech agents across India
- Developed NXT Banking — a 48-module whitelabel B2B fintech platform
- Launched India’s first AI-powered, end-to-end digital payments infrastructure
- Featured in Forbes India and recognized by national media for fintech innovation
The Impact on India’s Digital Payment Ecosystem
Laraware’s work has had a tangible impact on how financial services reach the last mile in India. By building affordable, scalable whitelabel fintech software, the company has empowered thousands of entrepreneurs to launch their own banking correspondent networks, serving villages and semi-urban areas that traditional banks often overlook.
The NXT Banking platform has enabled agents to collectively process millions of AePS transactions — helping rural citizens access cash withdrawals, balance inquiries, and Aadhaar-based payments without needing to travel to a bank branch. This is the kind of financial inclusion that the Indian government has been striving for, and Laraware is delivering it through technology.
About Anvesh Tiwari
Anvesh Tiwari is the Founder and CTO of Laraware Pvt Ltd, headquartered in Lucknow, Uttar Pradesh. With a background in software engineering and a deep passion for financial inclusion, he has built Laraware into a company trusted by fintech entrepreneurs, agents, and businesses across India. His work has been featured in Forbes India, First India, and several other top-tier publications recognizing his impact on India’s fintech ecosystem.
Read the full feature on First India to learn more about the Bytes of Brilliance story and Anvesh Tiwari’s inspiring journey from a small village to building India’s first AI-powered fintech company.