About BuyForexOnline
BuyForexOnline is a company based in Bengaluru (India) founded in 2012. It operates as a B2C. BuyForexOnline has raised $25.23 million across 8 funding rounds from investors including Gautam Kumar, Ramachandra Kaundinya and Sathish G. The company has 2 employees as of March 31, 2023. BuyForexOnline operates in a competitive market with competitors including Wise, BookMyForex, Western Union, InstaReM and HiWi, among others.
- Headquarter Bengaluru, India
- Employees 2 as on 31 Mar, 2023
- Stage Minicorn
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Electrum Financial Services Private Limited
- Date of Incorporation 10 Oct, 2012
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$178.06 K (USD)-23.19as on Mar 31, 2023
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Net Profit
$12.06 K (USD)-58.98as on Mar 31, 2023
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EBITDA
-$63.19 K (USD)-219.54as on Mar 31, 2023
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Total Equity Funding
$25.23 M (USD)
in 8 rounds
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Latest Funding Round
$123.52 K (USD), Angel Round
Mar 22, 2020
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Investors
Swarnim
& 16 more
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Employee Count
2
as on Mar 31, 2023
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Funding Insights of BuyForexOnline
BuyForexOnline has successfully raised a total of $25.23M across 8 strategic funding rounds. The most recent funding activity was a Angel Round of $123.52 thousand completed in March 2020. 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 BuyForexOnline
BuyForexOnline has secured backing from 17 investors, including angel and venture fund investors. Prominent investors backing the company include Gautam Kumar, Ramachandra Kaundinya and Sathish G.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on multiple sectors
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Locked | Locked | Locked | |
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GK
Gautam Kumar |
Co-founder of FarEye, logistics tech innovator, active angel investor
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Locked | Locked | Locked |
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RK
Ramachandra Kaundinya |
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Locked | Locked | Locked |
Investor details for BuyForexOnline
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Investments & Acquisitions by BuyForexOnline
Investment portfolio details for BuyForexOnline
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Financial Statements - BuyForexOnline
Detailed financials for BuyForexOnline
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Buyforexonline Comparisons
Peer comparison for BuyForexOnline
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Competitors of BuyForexOnline
BuyForexOnline 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 Wise, BookMyForex, Western Union, InstaReM and HiWi, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cross-border remittances are enabled for individuals and businesses via apps.
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| Locked | Locked | Locked |
Online foreign exchange and remittance services are facilitated in India.
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| Locked | Locked | Locked |
Provider of remittance services
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| Locked | Locked | Locked |
Cross-border money transfers are facilitated for individuals and businesses.
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| Locked | Locked | Locked |
Provider of payment solutions for international students
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| Locked | Locked | Locked |
Digital payment services including gateways, remittances, and recharges are provided.
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Detailed competitors of BuyForexOnline
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Latest news on Buyforexonline
Complete news archive for BuyForexOnline
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Frequently Asked Questions about BuyForexOnline
BuyForexOnline was founded in 2012 and raised its 1st funding round 2 years after it was founded.
BuyForexOnline is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
BuyForexOnline is a funded company, having raised a total of $25.23M across 8 funding rounds to date.
As of Mar 31, 2023, the latest employee count at BuyForexOnline is 2.
Annual revenue of BuyForexOnline is $178.06K as on Mar 31, 2023.
BuyForexOnline, backed by 25232442.0 from Gautam Kumar, Ramachandra Kaundinya, Sathish G, Raman Malpury, Meeta Gandhi, Aditya Agarwal, Vinatha M Reddy, Harshvardhan Agarwal, Janeshwar Teja, P Ramakrishna, Vinnakota Kaundinya Ramachandra, Kshama Venkataramaiah Kaushik, Swarnim, Ananth Reddy, Hari Shankar Agarwal, Sridhar Reddy Manthani, Chendana Jalagam, focuses on offering financial products and advice, fintech, currency exchange, and prepaid cards. Operates a digital platform for forex prepaid cards and purchases. Driving innovation, growth, and.
BuyForexOnline's top competitors include Wise, BookMyForex and Western Union.
BuyForexOnline has 17 investors. Key investors include Gautam Kumar, Ramachandra Kaundinya, Sathish G, Raman Malpury, and Meeta Gandhi.
The valuation of BuyForexOnline is $2.68M as of Mar 2020.