About CheQ
CheQ is a company based in Bengaluru (India) founded in 2021 by Vished Banger and Aditya Soni. 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 as of April 04, 2024. CheQ offers products and services including CheQ App and Credit Report Service. CheQ operates in a competitive market with competitors including CRED, Wizi, Paymadi and UdharPay, among others.
- Headquarter Bengaluru, India
- Employees 57 as on 04 Apr, 2024
- Founders Vished Banger, Aditya Soni
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Cheq Digital Private Limited
- Date of Incorporation 24 Dec, 2021
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$253.99 K (USD)17035383.87as on Mar 31, 2023
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Net Profit
-$2.34 M (USD)-11126.83as on Mar 31, 2023
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EBITDA
-$2.46 M (USD)-19274.9as on Mar 31, 2023
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Total Equity Funding
$17.79 M (USD)
in 4 rounds
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Latest Funding Round
$2.21 M (USD), Seed
Jun 18, 2024
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Investors
3one4 Capital
& 29 more
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Employee Count
57
as on Apr 04, 2024
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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.
People of CheQ
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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.
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.
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Early-stage investment in technology sectors is conducted by Sherpalo Ventures.
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Early-stage investments are made in fintech, retail, and healthtech sectors.
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Venture capital investments in technology sectors like SaaS and Fintech in India.
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Investor details for CheQ
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Investments & Acquisitions by CheQ
Investment portfolio details for CheQ
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Financial Statements - CheQ
Detailed financials for CheQ
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Cheq Comparisons
Peer comparison for CheQ
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Competitors of CheQ
CheQ 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 CRED, Wizi, Paymadi and UdharPay, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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CRED is operated as a members-only financial rewards club.
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App-based platform for credit card bill payments
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Digital payments platform enabling users to make seamless transactions with credit cards.
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Automates collection of credit, fees, and EMI from customers' bank accounts.
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Detailed competitors of CheQ
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Latest news on 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 current CEO of CheQ. They have also founded this company.
CheQ is a funded company, having raised a total of $17.79M across 4 funding rounds to date.
As of Apr 04, 2024, the latest employee count at CheQ is 57.
Annual revenue of CheQ is $253.99K as on Mar 31, 2023.
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.