He succeeds Subash Sharma, Co-founder and Director of the company, who has served as CEO for over a decade. Subash Sharma has been a principal architect in translating the F1Soft Group’s vision into meaningful and impactful offerings, including digital financial solutions, eSewa, and Fonepay, which have helped transform Nepal’s digital finance landscape and improve the lives of citizens, households, and businesses across the country. He will continue in his role as Director, overseeing the Group’s strategic direction.
Sanat Kumar Paudel is currently the CEO of FoneNxt Pvt. Ltd., a part of the F1Soft Group of Companies. With this new appointment, he will lead the executive teams of both organizations. Prior to joining the F1Soft Group, Paudel spent over a decade at Nabil Bank, where he led Payment Technology Management and the bank’s Digital Transformation Program. He is a seasoned ICT professional and banker with more than two decades of experience.
Reflecting on the journey, outgoing CEO Subash Sharma said:
“I am immensely proud of the foundation we have built over the last 22 years. F1Soft’s growth is a testament to the collective efforts of our team in shaping Nepal’s digital landscape. As we mark this anniversary, I have full confidence in Sanat’s leadership to drive our continued success and global aspirations.”
F1Soft has played a pioneering role in Nepal’s digital finance evolution, introducing some of the country’s earliest mobile payment solutions in a largely cash-driven market and building a comprehensive ecosystem that today powers Nepal’s largest digital wallets, interoperable payment networks, and digital lending platforms. Over the years, the organization has grown from a pioneering startup into a mature enterprise, partnering with major banks and financial institutions to deliver transformative solutions that have changed the way Nepali citizens interact with finance. Its solutions continue to bridge access gaps for the unbanked and underbanked while advancing Nepal’s journey toward a cashless economy.
Sharing his vision, newly appointed CEO Sanat Kumar Paudel said:
“It is an honor to lead F1Soft at such a pivotal moment in its 22-year journey. Our focus remains on building on this strong foundation while strengthening our technology leadership and scaling our delivery capabilities. We are committed to creating long-term value for our partners and taking Nepal’s fintech expertise to international markets.”
This leadership transition reflects F1Soft’s strong culture of leadership development, governance, and continuity. As the company enters its third decade, it remains focused on strengthening its institutional foundation, expanding its impact within Nepal, and scaling its fintech capabilities globally.
