About Bank2Grow
Bank2Grow was a Financial Services company based in Mumbai (India) founded in 2016 by Ashish Mehta, Piyush Saurabh, and Ajit Kumar. It operates a peer-to-peer lending platform specializing in personal loans. It operates on a P2P model. The company is recorded as dissolved. Its focus areas include Finance, Lending, Peer-to-Peer Lending and Personal Loans. Its legal entity in India is Aapca Demystifying Data Technologies Private Limited (U74999MH2018PTC304137). Similar companies include Money View, mPokket and MyShubhLife; 3 of its 3 listed similar companies have raised funding.
Company details
Bank2Grow, founded in 2016 in Mumbai, India, focuses on finance, facilitating loans and financing, peer-to-peer lending, and personal loans. Operates a peer-to-peer lending platform specializing in personal loans. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Mumbai, India
- Founders Ashish Mehta, Piyush Saurabh, Ajit Kumar
- SectorsFinancial Services
- Website bank2grow.com
- Legal Name Aapca Demystifying Data Technologies Private Limited
- Date of Incorporation 12 Jan, 2018
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹7,402
FY 2022 · -100% YoY
- Net Loss-₹7.5 Lakh
FY 2022 · -10085% margin
- EBITDA-₹7.5 Lakh
FY 2022 · -10085% margin
Associated legal entities of Bank2Grow
Bank2Grow operates through Aapca Demystifying Data Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Aapca Demystifying Data Technologies Private Limited CIN U74999MH2018PTC304137 | Active | 12 Jan 2018 | Mumbai, Maharashtra | ₹0.0 Cr | 28 | 6 | View details |
Board of directors of Aapca Demystifying Data Technologies Private Limited (Bank2Grow)
Aapca Demystifying Data Technologies Private Limited is the primary company behind Bank2Grow. The board of Aapca Demystifying Data Technologies Private Limited currently have 6 directors; the longest-serving is Ashish Mehta, appointed in 2018. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashish Mehta DIN 07747658 | Director | 12 Jan 2018 | 8 yrs 9 mo | Aapca Demystifying Data Technologies Private Limited |
| Kanta Kumari DIN 07815785 | Director | 12 Jan 2018 | 8 yrs 9 mo | Aapca Demystifying Data Technologies Private Limited |
| Piyush Saurabh DIN 07974505 | Director | 12 Jan 2018 | 8 yrs 9 mo | Aapca Demystifying Data Technologies Private Limited |
| Abhishek Mahendra Gandhi DIN 06952806 | Director | 12 Jan 2018 | 8 yrs 9 mo | Aapca Demystifying Data Technologies Private Limited |
| Ajit Kumar DIN 07526133 | Director | 12 Jan 2018 | 8 yrs 9 mo | Aapca Demystifying Data Technologies Private Limited |
| Dineshkumar Mehta DIN 08455823 | Director | 28 May 2019 | 7 yrs 4 mo | Aapca Demystifying Data Technologies Private Limited |
People of Bank2Grow
3 people are tracked at Bank2Grow (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Bank2Grow
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Financials of Bank2Grow
Figures of Aapca Demystifying Data Technologies Private Limited, the primary company behind Bank2Grow, for FY 2022. Revenue was ₹7,402 (-100% year on year). Net loss was -₹7.5 Lakh (-10085% margin). EBITDA was -₹7.5 Lakh (-10085% margin). Revenue has grown at a compounded annual rate of -87% over three years.
- ₹7,402Revenue · FY 2022 · -100% YoY
- -₹7.5 LakhNet loss · -10085% margin
- -₹7.5 LakhEBITDA · -10085% margin
- ₹3 LakhPaid-up capital
- 28Employees (provident fund records)
- -87%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Aapca Demystifying Data Technologies Private Limited are on its company page.
Detailed financial statements for Bank2Grow
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Similar companies to Bank2Grow
Bank2Grow has 3 listed similar companies in our database, 3 of them funded. They include Money View, mPokket and MyShubhLife.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| moneyview.in | 2014 | Bengaluru, India | $215.39M | 718 | Loans, credit cards, gold investments, insurance, and UPI are provided. | |
| mpokket.in | 2016 | Kolkata, India | $7.77M | 2,226 | Provider of a digital lending platform offering instant personal loans to underserved youth, providing financial solutions through a mobile app | |
| myshubhlife.com | 2016 | Bengaluru, India | $29.01M | 144 | Embedded finance and personal loan solutions for businesses are offered. |
Detailed similar companies of Bank2Grow
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Related news about Bank2grow
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Frequently Asked Questions about Bank2Grow
Bank2Grow was founded in 2016.
Bank2Grow is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Bank2Grow, Aapca Demystifying Data Technologies Private Limited, reported revenue of ₹7,402 for FY 2022, down 100% year on year.
Bank2Grow, founded in 2016 in Mumbai, India, focuses on finance, facilitating loans and financing, peer-to-peer lending, and personal loans. Operates a peer-to-peer lending platform specializing in personal loans. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Bank2Grow's top competitors include Money View, mPokket and MyShubhLife.
Bank2Grow operates through Aapca Demystifying Data Technologies Private Limited.
The legal entities of Bank2Grow currently have 6 directors, including Ashish Mehta, Kanta Kumari, Dineshkumar Mehta and others.