About 42 Card Solutions
42 Card Solutions is a company based in Bengaluru (India) founded in 2020 by Suresh Warrier, Madduri Srikant, Gururaja Rao, Sreekanth Anantharaman, and GG Srinivas. 42 Card Solutions has raised $8.16 million across 2 funding rounds from investors including SAI360, BLinC Invest and Sparkle Fund. The company has 18 employees as of March 28, 2024. 42 Card Solutions operates in a competitive market with competitors including Hyperface, among others.
- Headquarter Bengaluru, India
- Employees 18 as on 28 Mar, 2024
- Founders Suresh Warrier, Madduri Srikant, Gururaja Rao, Sreekanth Anantharaman, GG Srinivas
- Stage Minicorn
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Sectors
Financial Services
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Phone
Locked
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Website
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Social
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- Legal Name 42 Card Solutions Private Limited
- Date of Incorporation 17 Nov, 2020
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$406.12 K (USD)3474900.62as on Mar 31, 2023
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Net Profit
-$290.78 K (USD)-457409.8as on Mar 31, 2023
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EBITDA
-$563.21 K (USD)-749376.98as on Mar 31, 2023
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Total Equity Funding
$8.16 M (USD)
in 2 rounds
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Latest Funding Round
$5.17 M (USD), Seed
Jan 06, 2024
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Investors
SAI360
& 9 more
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Employee Count
18
as on Mar 28, 2024
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Funding Insights of 42 Card Solutions
42 Card Solutions has successfully raised a total of $8.16M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $5.17 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in 42 Card Solutions
42 Card Solutions has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SAI360, BLinC Invest and Sparkle Fund.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital fund
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Investments in EdTech and FinTech sectors with a focus on technology-driven growth.
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Investment in technology solutions for finance sectors such as lending and insurance.
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Investor details for 42 Card Solutions
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Investments & Acquisitions by 42 Card Solutions
Investment portfolio details for 42 Card Solutions
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Financial Statements - 42 Card Solutions
Detailed financials for 42 Card Solutions
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42 Card Solutions Comparisons
Peer comparison for 42 Card Solutions
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Competitors of 42 Card Solutions
42 Card Solutions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hyperface, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Provider of platform for launching and managing credit card programs
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Detailed competitors of 42 Card Solutions
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Latest news on 42 Card Solutions
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Frequently Asked Questions about 42 Card Solutions
42 Card Solutions was founded in 2020 and raised its 1st funding round 2 years after it was founded.
42 Card Solutions is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
GG Srinivas is the current CEO of 42 Card Solutions. They have also founded this company.
42 Card Solutions is a funded company, having raised a total of $8.16M across 2 funding rounds to date.
As of Mar 28, 2024, the latest employee count at 42 Card Solutions is 18.
Annual revenue of 42 Card Solutions is $406.12K as on Mar 31, 2023.
42 Card Solutions was founded in 2020 in Bengaluru, India, focusing on the fintech sector. Credit card outsourcing services are delivered to banks and regulated financial institutions, emphasizing scalability and cost efficiency. Digital and mobile technologies are integrated to support operations. Compliance, regulatory standards, risk management, and fraud prevention are addressed in partnerships. Business performance is enhanced through optimized credit card programs.
42 Card Solutions's top competitors include Hyperface.
42 Card Solutions has 10 investors. Key investors include SAI360, BLinC Invest, Sparkle Fund, Yatra Angel Network, and Beenext.
The valuation of 42 Card Solutions is $21.96M as of Jan 2024.