About CheQ
CheQ is a Financial Services company based in Bengaluru (India) founded in 2021 by Vished Banger and Aditya Soni. Provider of credit card bill payment and rewards platform. CheQ has raised $17.79 million across 4 funding rounds from investors including 3one4 Capital, Venture Highway VC and Multiply Ventures. The company has 57 employees. CheQ was last valued at $55.98 million in June 2024. Its chief executive, as recorded, is Aditya Soni. Its website cheq.one draws about 27 thousand monthly visits. Its Indian entity Cheq Digital Private Limited reported revenue of ₹86.13 Cr. CheQ offers products and services including CheQ App and Credit Report Service. Its focus areas include FinTech, Payments, Consumer Payments and Vertical Payments. Its competitors include CRED, Wizi and Paymadi; 1 of its 3 listed competitors has raised funding.
Company details
CheQ was founded in 2021 in Bengaluru, India, operating in the fintech sector. A consolidated system for paying multiple credit card bills is offered, along with a rewards program that includes cashback or vouchers. Access to credit reports is provided, and automated reminders are sent to avoid missed payments. User data is protected through encryption measures.
- Annual Revenue₹86.13 Cr
FY 2025 · +433% YoY
- Net Loss-₹32.90 Cr
FY 2025 · -38% margin
- EBITDA-₹30.28 Cr
FY 2025 · -35% margin
- Total Equity Funding$17.79M (USD)
in 4 rounds
- Latest Funding Round$2.21M (USD), Seed
Jun 2024
- Investors3one4 Capital
& 29 more
- Employee Count57
Associated legal entities of CheQ
CheQ is associated with 2 registered companies on The Company Check; the primary company is Cheq Digital Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cheq Digital Private Limited CIN U62099HR2021PTC100146 | Active | 24 Dec 2021 | Gurgaon, Haryana | ₹86.1 Cr | 57 | 2 | View details |
| Cheq Digital Private Limited CIN U72500HR2021PTC100146 | 24 Dec 2021 | Gurgaon, Haryana, India | View details |
Products & Services of CheQ
CheQ offers a comprehensive portfolio of products and services, including CheQ App and Credit Report Service.
App for paying credit card bills and earning redeemable rewards.
Provides free detailed reports on credit standing and insights.
Apps and channels of CheQ
CheQ publishes 1 mobile app with over 1M+ downloads.
Funding Insights of CheQ
CheQ has successfully raised a total of $17.79M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2.21 million completed in June 2024. 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 $17.79M
- Total Rounds 4
- Last Round Seed — $2.21M
- First Round $10.57M
(Mar 2022)
- Investors Count 30
All 4 funding rounds of CheQ 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 |
|---|---|---|---|---|---|
| Jun 2024 | $2.21M | Seed | $55.98M | Sherpalo Ventures | |
| Jan 2024 | $4.5M | Seed | $54.04M | 3one4 Capital | |
| Aug 2023 | $500,000 | Seed | – | Y Combinator | – |
| Mar 2022 | $10.57M | Seed | $••••• | Venture Highway, 3one4 Capital |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2024 | $55.98M | •••••••• |
| Jan 2024 | $54.04M | •••••••• |
| Mar 2022 | $••••• | •••••••• |
Full valuation and stage history of CheQ
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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- Stage changes
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Verified entity values are shown only after access is granted.
Last known valuation $55.98M (Jun 2024). 30 investors in total: 9 institutional and 21 angel.
Investors in CheQ
CheQ has secured backing from 30 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include 3one4 Capital, Venture Highway VC and Multiply Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investment in technology sectors is conducted by Sherpalo Ventures. | sherpalo.com | |||
Early-stage investments are made in fintech, retail, and healthtech sectors. | 2015 | venturehighway.vc | Delhi, India | |
Venture capital investments in technology sectors like SaaS and Fintech in India. | 2016 | 3one4capital.com | Bengaluru, India | |
Potato farming, grain marketing, and equipment services are conducted in Maine. | 2019 | multiplyventures.com | Bengaluru, India | |
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Venture capital firm investing in and advising early-stage startups in India. | 2020 | marsshot.vc | Bengaluru, India | |
Venture capital investments are provided to early-stage startups across sectors. | shastra.vc | Bengaluru, India | ||
Sales and marketing services are offered by GTMfund foundation. | gtmfund.com | Austin, United States | ||
ZD Zenaida Dizon Balajadia | unknown_4bce9fb9419f4893b |
Investor details for CheQ
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Cheq Digital Private Limited (CheQ)
Cheq Digital Private Limited is the primary company behind CheQ. The board of Cheq Digital Private Limited currently have 2 directors; the longest-serving is Aditya Soni, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aditya Soni DIN 09293706 | Director | 24 Dec 2021 | 4 yrs 10 mo | Cheq Digital Private Limited |
| Vished Banger DIN 01972209 | Director | 24 Dec 2021 | 4 yrs 10 mo | Cheq Digital Private Limited |
People of CheQ
32 people are tracked at CheQ (8 in leadership, 24 in team); the tracked headcount is 57.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Founder & CEO | Leadership | |
Bipin Toro | VP Of Engineering | Leadership |
Viral Bansal | Head - People & Culture | Customer Experience | Leadership |
Anukriti Sharma | Program Manager ( Ceo’s Office ) | Leadership |
Krishna Prasad | Head of Performance Marketing | Leadership |
Ashish Ambastha | Director Of Engineering | Leadership |
Ashwini Balan | Head Of Quality Assurance | Leadership |
Devesh Rashinkar | Senior Devops Engineer | Team |
Tejas Saraswat | Full Stack Developer | Team |
Vipin Kumar Thakur | Android Developer | Team |
Mridul Verma | Software Engineer | Team |
Kiran Kumar Nayak | Software Engineer - Ios | Team |
Akash Khatkale | Senior Software Engineer | Team |
Hinduraj Kadam | Software Engineer | Team |
Antariksh Anand | Growth Associate - CRM | Team |
Anush Shenoy | Ios Lead | Team |
Bakul Bhagwat | Talent Acquisition | Team |
Akshat Saxena | Senior Software Engineer | Team |
Aishwarya Dutt Maurya | Tech Lead | Team |
12 more people are available in the full profile.
Complete people profiles for CheQ
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of CheQ
Figures of Cheq Digital Private Limited, the primary company behind CheQ, for FY 2025. Revenue was ₹86.13 Cr (+433% year on year). Net loss was -₹32.90 Cr (-38% margin). EBITDA was -₹30.28 Cr (-35% margin). Revenue has grown at a compounded annual rate of +19190% over three years.
- ₹86.13 CrRevenue · FY 2025 · +433% YoY
- -₹32.90 CrNet loss · -38% margin
- -₹30.28 CrEBITDA · -35% margin
- ₹23.4 LakhPaid-up capital
- 57Employees (provident fund records)
- +19190%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Cheq Digital Private Limited are on its company page.
Detailed financial statements for CheQ
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of CheQ
4 dated milestones of CheQ across 3 years, from founding to its latest funding, stage changes and deals.
- Founded CheQ is founded.
- Funding First funding round of $10.6M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $2.2M.
Competitors of CheQ
CheQ has 3 listed competitors in our database, 1 of them funded. They include CRED, Wizi and Paymadi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cred.club | 2018 | Bengaluru, India | $1.54B | 897 | CRED is operated as a members-only financial rewards club. | |
| wizi.app | 2019 | Chennai, India | 29 | App-based platform for credit card bill payments | ||
| paymadi.com | 2023 | Bengaluru, India | Digital payments platform enabling users to make seamless transactions with credit cards. |
Detailed competitors of CheQ
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of CheQ
The website of CheQ (cheq.one) receives about 27.4K visits a month.
- Monthly visits27.4K
▲ 32.8% vs previous month
Websites whose visitors overlap most with CheQ. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| chequpi.com | 100% | 20.2K | #1,070,238 | View details | |
| fi.money | 52% | 608.5K | #110,861 | View details | |
| youtube.com | 27% | 30.4B | #2 | View details |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as CheQ (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Cheq
Complete news archive for CheQ
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Frequently Asked Questions about CheQ
CheQ was founded in 2021 and raised its 1st funding round 1 year after it was founded.
CheQ is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Aditya Soni is the CEO of CheQ, as recorded in our data. They have also founded this company.
CheQ is a funded company, having raised a total of $17.79M across 4 funding rounds to date. The company's 1st funding round was a Seed of $10.57M, raised on Mar 2022.
CheQ has 57 employees.
The primary company behind CheQ, Cheq Digital Private Limited, reported revenue of ₹86.13 Cr for FY 2025, up 433% year on year.
CheQ was founded in 2021 in Bengaluru, India, operating in the fintech sector. A consolidated system for paying multiple credit card bills is offered, along with a rewards program that includes cashback or vouchers. Access to credit reports is provided, and automated reminders are sent to avoid missed payments. User data is protected through encryption measures.
CheQ offers CheQ App and Credit Report Service.
CheQ has 30 investors. Key investors include 3one4 Capital, Venture Highway VC, Multiply Ventures, Mars Shot Ventures, and Zenaida Dizon Balajadia.
The valuation of CheQ is $55.98M as of Jun 2024.
CheQ operates through Cheq Digital Private Limited.