About AccelTree
AccelTree is a company based in Pune (India) founded in 2002 by Vivek Mannige and Shanth Mannige. AccelTree has raised $218.4 thousand across 3 funding rounds from investors including Altius Technologies, Vasanti Chandavarkar and Sangeeta Pandit. The company has 67 employees as of April 07, 2024. AccelTree offers products and services including AcceLife, AccelBot, AccelBanca, AccelHealth, and AccelRurL. AccelTree operates in a competitive market with competitors including Fiserv, Comviva, NCR, Infibeam Avenues and Jack Henry, among others.
- Headquarter Pune, India
- Employees 67 as on 07 Apr, 2024
- Founders Vivek Mannige, Shanth Mannige
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Acceltree Software Private Limited
- Date of Incorporation 23 Nov, 2001
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$1.72 M (USD)25.69as on Mar 31, 2023
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Net Profit
$160.03 K (USD)109.77as on Mar 31, 2023
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EBITDA
$302.78 K (USD)45.52as on Mar 31, 2023
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Total Equity Funding
$218.4 K (USD)
in 3 rounds
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Latest Funding Round
$45.4 K (USD), Angel Round
Nov 19, 2012
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Investors
Altius Technologies
& 4 more
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Employee Count
67
as on Apr 07, 2024
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Products & Services of AccelTree
AccelTree offers a comprehensive portfolio of products and services, including AcceLife, AccelBot, AccelBanca, AccelHealth, and AccelRurL.
Omni-channel tool for insurance sales and agency management.
AI chatbot for 24/7 insurance query handling and engagement.
Platform enabling bank staff to sell insurance products efficiently.
Digital solution for managing chronic diseases in healthcare.
Tool for crop insurance and farmer risk assessment processes.
People of AccelTree
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Funding Insights of AccelTree
AccelTree has successfully raised a total of $218.4K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $45.4 thousand completed in November 2012. 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 AccelTree
AccelTree has secured backing from 5 investors, including angel and institutional investors. Prominent investors backing the company include Altius Technologies, Vasanti Chandavarkar and Sangeeta Pandit.
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Provides product data enrichment, eCommerce consulting, and platform implementation services.
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VC
Vasanti Chandavarkar |
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SP
Sangeeta Pandit |
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Investor details for AccelTree
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Investments & Acquisitions by AccelTree
Investment portfolio details for AccelTree
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Financial Statements - AccelTree
Detailed financials for AccelTree
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Acceltree Comparisons
Peer comparison for AccelTree
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Competitors of AccelTree
AccelTree 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 Fiserv, Comviva, NCR, Infibeam Avenues and Jack Henry, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Diversified financial solutions for business processing and management are provided.
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Software platforms for telecommunications, digital payments, and experiences are provided.
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Banking software suites are provided for financial institutions and banks.
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Digital payment solutions and enterprise software platforms are provided.
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Banking and payments solutions are provided through a dedicated platform.
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Digital solutions for mortgage and consumer lending are provided.
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Detailed competitors of AccelTree
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Latest news on Acceltree
Complete news archive for AccelTree
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Frequently Asked Questions about AccelTree
AccelTree was founded in 2002 and raised its 1st funding round 4 years after it was founded.
AccelTree is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Vivek Mannige is the current CEO of AccelTree. They have also founded this company.
AccelTree is a funded company, having raised a total of $218.4K across 3 funding rounds to date.
As of Apr 07, 2024, the latest employee count at AccelTree is 67.
Annual revenue of AccelTree is $1.72M as on Mar 31, 2023.
Founded in 2002 and based in Pune, India, AccelTree operates as a provider of a proprietary digital platform tailored to the banking and insurance sectors. Two key products are offered for insurance: AcceLife, a CRM solution used by sales agents for lead capture, appointment scheduling, document creation and verification, and payment processing; and Nugget, an underwriting tool that integrates with point-of-sale systems to establish decision rules and workflows.
AccelTree offers AcceLife, AccelBot, AccelBanca, AccelHealth, and AccelRurL.
AccelTree has 5 investors. Key investors include Altius Technologies, Vasanti Chandavarkar, Sangeeta Pandit, Pramod Choudhari, and Vivek Mannige.
The valuation of AccelTree is $1.58M as of Nov 2012.