About CashCare
CashCare is a Financial Services company based in Mumbai (India) founded in 2014, and was acquired by Fibe in May 2018. ECommerce purchases are enabled via EMI credit by CashCare. Its Indian entity Cashcare Technology Private Limited reported revenue of ₹50.6 Lakh. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include axio, Simpl and ZestMoney; 3 of its 3 listed competitors have raised funding.
Company details
CashCare was founded in 2014 in Mumbai, India, as a consumer lending platform within the fintech sector. EMI-based payments for eCommerce purchases are facilitated, with verification documents required from users. Interest rates are set between 15 and 25 APR. Partnerships are maintained with platforms such as Flipkart, FabFurnish, ShopClues, ShopMonk, Edureka, Dezyre, Sports365, and Credr to support these operations.
- Headquarters Mumbai, India
- Stage Acquired
- SectorsFinancial Services
- Website cashcare.in
- Social LinkedIn X
- Acquired by Fibe (May 2018)
- Legal Name Cashcare Technology Private Limited
- Date of Incorporation 11 Dec, 2014
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of CashCare
CashCare operates through Cashcare Technology Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cashcare Technology Private Limited CIN U74999MH2014PTC260097 | Strike Off | 11 Dec 2014 | Mumbai, Maharashtra | ₹0.5 Cr | 2 | View details |
Investors in CashCare
CashCare has secured backing from 1 investor. Prominent investors backing the company include Fibe.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Fibe is recognized as India's largest lending platform for instant credit solutions. | 2015 | fibe.in | Pune, India |
Investor details for CashCare
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Board of directors of Cashcare Technology Private Limited (CashCare)
Cashcare Technology Private Limited is the primary company behind CashCare. The board of Cashcare Technology Private Limited currently have 2 directors; the longest-serving is Rajeshwari Sekhri, appointed in 2014.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajeshwari Sekhri DIN 02563599 | Director | 11 Dec 2014 | 11 yrs 10 mo | Cashcare Technology Private Limited |
| Vikas Attul Krishan Sekhri DIN 06973479 | Director | 11 Dec 2014 | 11 yrs 10 mo | Cashcare Technology Private Limited |
Financials of CashCare
Figures of Cashcare Technology Private Limited, the primary company behind CashCare, for FY 2019. Revenue was ₹50.6 Lakh (+43% year on year). Net profit was ₹9.9 Lakh (20% margin). EBITDA was ₹10.1 Lakh (20% margin). Revenue has grown at a compounded annual rate of +45% over three years.
- ₹50.6 LakhRevenue · FY 2019 · +43% YoY
- ₹9.9 LakhNet profit · 20% margin
- ₹10.1 LakhEBITDA · 20% margin
- ₹1.6 LakhPaid-up capital
- +45%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Cashcare Technology Private Limited are on its company page.
Detailed financial statements for CashCare
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Timeline of CashCare
2 dated milestones of CashCare across 4 years, from founding to its latest funding, stage changes and deals.
- Founded CashCare is founded.
- Exit Acquired by Fibe.
Competitors of CashCare
CashCare has 3 listed competitors in our database, 3 of them funded. They include axio, Simpl and ZestMoney.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| axio.co.in | 2013 | Bengaluru, India | $205.92M | 499 | An online lending platform for point-of-sale financing is provided. | |
| getsimpl.com | 2015 | Bengaluru, India | $47.47M | 144 | An online platform for purchase financing is provided by Simpl. | |
| zestmoney.in | 2015 | Delhi, India | $151.12M | 21 | Online platform offering point-of-sale financing |
Detailed competitors of CashCare
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Top companies in Alternative Lending
3 companies that operate in the same segment as CashCare (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about Cashcare
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Frequently Asked Questions about CashCare
CashCare was founded in 2014.
CashCare is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind CashCare, Cashcare Technology Private Limited, reported revenue of ₹50.6 Lakh for FY 2019, up 43% year on year.
CashCare was founded in 2014 in Mumbai, India, as a consumer lending platform within the fintech sector. EMI-based payments for eCommerce purchases are facilitated, with verification documents required from users. Interest rates are set between 15 and 25 APR. Partnerships are maintained with platforms such as Flipkart, FabFurnish, ShopClues, ShopMonk, Edureka, Dezyre, Sports365, and Credr to support these operations.
CashCare has 1 investor. Key investors include Fibe.
CashCare operates through Cashcare Technology Private Limited.
Yes. CashCare was acquired by Fibe in May 2018.
The legal entities of CashCare currently have 2 directors, including Rajeshwari Sekhri, Vikas Attul Krishan Sekhri.