About Alconomy
Alconomy is a Financial Services company based in Delhi (India) founded in 2017, and was acquired by EZAdvance Consumer Lending in January 2019. It operates as a bitcoin wallet platform is used for buying and selling cryptocurrency. Alconomy has raised $46.07 thousand across 1 funding round from investors including Times Internet and EZAdvance Consumer Lending. Alconomy was last valued at $517.05 thousand in September 2017. Its Indian entity Alconomy Technologies Private Limited reported revenue of ₹1.9 Lakh. Its focus areas include FinTech, Cryptocurrencies, Wallet and Hot Wallets. Its competitors include imToken, Bitget, Rainbow, Ripio and Ultimate and 2 more; 7 of its 7 listed competitors have raised funding.
Company details
Alconomy was founded in 2017 in Delhi, India, within the fintech sector focused on cryptocurrency. A Bitcoin-based wallet platform is operated, allowing users to connect bank accounts, debit cards, or credit cards for transactions. Bitcoin purchases and sales are facilitated through these integrations, supporting secure digital asset management in the Indian market and beyond.
- Headquarters Delhi, India
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website alconomy.com
- Acquired by EZAdvance Consumer Lending (Jan 2019)
- Legal Name Alconomy Technologies Private Limited
- Date of Incorporation 10 Jul, 2017
- Jurisdiction Delhi, India
- Annual Revenue₹1.9 Lakh
FY 2023 · +22% YoY
- Net Loss-₹1.3 Lakh
FY 2023 · -72% margin
- EBITDA-₹1.3 Lakh
FY 2023 · -72% margin
- Total Equity Funding$46.07K (USD)
in 1 rounds
- Latest Funding Round$46.07K (USD), Seed
Sep 2017
- InvestorsTimes Internet
& 1 more
- Acquired byEZAdvance Consumer Lending
(Jan 2019)
Associated legal entities of Alconomy
Alconomy operates through Alconomy Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Alconomy Technologies Private Limited CIN U72900DL2017PTC320398 | Active | 10 Jul 2017 | Delhi, Delhi | ₹0.0 Cr | – | 3 | View details |
Funding Insights of Alconomy
Alconomy has successfully raised a total of $46.07K through 1 strategic funding round. The most recent funding activity was a Seed round of $46.07 thousand completed in September 2017. 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.
- Total Funding $46,074
- Total Rounds 1
- Last Round Seed — $46,074
- First Round $46,074
(Sep 2017)
- Investors Count 1
All 1 funding rounds of Alconomy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2017 | $46,074 | Seed | $517,050 | Times Internet | – |
Last known valuation $517,050 (Sep 2017). 2 investors in total: 2 institutional.
Investors in Alconomy
Alconomy has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Times Internet and EZAdvance Consumer Lending.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of digital content, advertising solutions, and technology services | 1999 | timesinternet.in | Gurugram, India | |
- | – | ezadvance.com.ph | - |
Investor details for Alconomy
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Board of directors of Alconomy Technologies Private Limited (Alconomy)
Alconomy Technologies Private Limited is the primary company behind Alconomy. The board of Alconomy Technologies Private Limited currently have 3 directors; the longest-serving is Rakesh Kumar, appointed in 2017. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rakesh Kumar DIN 07856228 | Director | 10 Jul 2017 | 9 yrs 3 mo | Alconomy Technologies Private Limited |
| Kashish Manocha DIN 07921328 | Director | 29 Aug 2017 | 9 yrs 1 mo | Alconomy Technologies Private Limited |
| Alka Rani DIN 07856263 | Director | 09 May 2019 | 7 yrs 5 mo | Alconomy Technologies Private Limited |
Financials of Alconomy
Figures of Alconomy Technologies Private Limited, the primary company behind Alconomy, for FY 2023. Revenue was ₹1.9 Lakh (+22% year on year). Net loss was -₹1.3 Lakh (-72% margin). EBITDA was -₹1.3 Lakh (-72% margin).
- ₹1.9 LakhRevenue · FY 2023 · +22% YoY
- -₹1.3 LakhNet loss · -72% margin
- -₹1.3 LakhEBITDA · -72% margin
- ₹2.3 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Alconomy Technologies Private Limited are on its company page.
Detailed financial statements for Alconomy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Alconomy
3 dated milestones of Alconomy across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Alconomy is founded.
- Funding First funding round of $46K.
- Exit Acquired by EZAdvance Consumer Lending.
Competitors of Alconomy
Alconomy has 7 listed competitors in our database, 7 of them funded. They include imToken, Bitget, Rainbow, Ripio and Ultimate, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| token.im | 2016 | Singapore | $40M | – | Digital asset wallet for cryptocurrency exchange | |
| bitget.com | 2018 | Cayman Islands | $20M | – | Provider of a community-based cryptocurrency and digital asset exchange | |
| rainbow.me | 2019 | New York, United States | $21M | – | Rainbow is recognized for providing secure crypto wallets. | |
| ripio.com | 2013 | San Francisco, United States | $53.08M | 1 | Online reseller of Bitcoins | |
| ultimate.app | 2021 | Berlin, Germany | $18.01M | – | Crypto wallet platform for decentralized finance navigation is offered. | |
| conio.com | 2015 | San Francisco, United States | $20.82M | – | Digital wallet for Bitcoins | |
| strike.me | 2018 | Chicago, United States | $90M | – | Cryptocurrency trading and payments are facilitated via a mobile app. |
Detailed competitors of Alconomy
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Top companies in Cryptocurrencies
10 companies that operate in the same segment as Alconomy (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | 1,533 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | 14,747 | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | 1,212 | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, Ile de France, France | USD 575.4 M | – | 802 | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 7,025 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico City, Mexico | USD 331.35 M | – | 884 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 217 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Related news about Alconomy
Complete news archive for Alconomy
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Frequently Asked Questions about Alconomy
Alconomy was founded in 2017.
Alconomy is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Alconomy is a funded company, having raised a total of $46.07K across 1 funding round to date. The company's 1st funding round was a Seed of $46.07K, raised on Sep 2017.
The primary company behind Alconomy, Alconomy Technologies Private Limited, reported revenue of ₹1.9 Lakh for FY 2023, up 22% year on year.
Alconomy was founded in 2017 in Delhi, India, within the fintech sector focused on cryptocurrency. A Bitcoin-based wallet platform is operated, allowing users to connect bank accounts, debit cards, or credit cards for transactions. Bitcoin purchases and sales are facilitated through these integrations, supporting secure digital asset management in the Indian market and beyond.
Alconomy has 2 investors. Key investors include Times Internet, and EZAdvance Consumer Lending.
The valuation of Alconomy is $517.05K as of Sep 2017.
Alconomy operates through Alconomy Technologies Private Limited.
Yes. Alconomy was acquired by EZAdvance Consumer Lending in January 2019.
The legal entities of Alconomy currently have 3 directors, including Rakesh Kumar, Alka Rani, Kashish Manocha.