About Aspire
Aspire is a company based in Bengaluru (India) founded in 2020 by Manoj Rathi and Tushar Garimalla. It operates as a FinTech. Aspire has raised $3.72 million across 3 funding rounds from investors including Angel List, NextBillion AI and LetsVenture. The company has 12 employees as of April 07, 2024. Aspire offers products and services including Line of Credit. Aspire operates in a competitive market with competitors including axio, Simpl, ZestMoney, PayJoy and Lazypay, among others.
- Headquarter Bengaluru, India
- Employees 12 as on 07 Apr, 2024
- Founders Manoj Rathi, Tushar Garimalla
- 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 Aspire Fintech Private Limited
- Date of Incorporation 13 Jul, 2020
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$126.33 K (USD)272.46as on Mar 31, 2023
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Net Profit
-$836.75 K (USD)-120.29as on Mar 31, 2023
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EBITDA
-$871.97 K (USD)-191.06as on Mar 31, 2023
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Total Equity Funding
$3.72 M (USD)
in 3 rounds
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Latest Funding Round
$2.9 M (USD), Seed
Sep 02, 2022
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Investors
Angel List
& 30 more
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Employee Count
12
as on Apr 07, 2024
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Products & Services of Aspire
Aspire offers a comprehensive portfolio of products and services, including Line of Credit.
A credit line up to ₹10 lakh is offered.
Funding Insights of Aspire
Aspire has successfully raised a total of $3.72M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.9 million completed in September 2022. 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 Aspire
Aspire has secured backing from 31 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, NextBillion AI and LetsVenture.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on early-stage investments
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Venture capital firm focused on early stage healthcare, renewable energy, real estate, finance, and multiple businesses
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Pre-seed startups are invested in by Eximius Ventures.
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Investor details for Aspire
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Investments & Acquisitions by Aspire
Investment portfolio details for Aspire
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Financial Statements - Aspire
Detailed financials for Aspire
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Aspire Comparisons
Peer comparison for Aspire
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Competitors of Aspire
Aspire 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 axio, Simpl, ZestMoney, PayJoy and Lazypay, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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An online lending platform for point-of-sale financing is provided.
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An online platform for purchase financing is provided by Simpl.
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Online platform offering point-of-sale financing
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Online platform for purchase financing
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Provider of digital payment solutions, including deferred payment and personal loans
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No-credit-card EMI solutions for online purchases are provided.
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Detailed competitors of Aspire
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Latest news on Aspire
Complete news archive for Aspire
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Frequently Asked Questions about Aspire
Aspire was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Aspire is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Aspire is a funded company, having raised a total of $3.72M across 3 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Aspire is 12.
Annual revenue of Aspire is $126.33K as on Mar 31, 2023.
Financial solutions for business growth are offered by Aspire. Support is extended to entrepreneurs seeking to expand operations. Key areas like capital management and process optimization are addressed. Financing options up to 10 lakh are made available. A focus on sustainable development through strategic investments is emphasized. Digital registration and minimal documentation are facilitated for ease. Market trends and investment opportunities are analyzed for clients.
Aspire offers Line of Credit.
Aspire has 31 investors. Key investors include Angel List, NextBillion AI, LetsVenture, Orios Venture Partners, and Upsparks Capital.
The valuation of Aspire is $15.15M as of Sep 2022.