About Cointab
Cointab is a company based in Mumbai (India) founded in 2015 by Gaurav Bansal, Arul Sundarraj, and Vinit Maniar. Cointab has raised $155.25 thousand across 3 funding rounds from investors including Lakshmi Narayanan, Punit Sood and Dynamis Mentors. Cointab offers products and services including Automated Reconciliation Software and Dashboard. Cointab operates in a competitive market with competitors including Simetrik, Duco, Uniqus, Trintech and Curlec, among others.
- Headquarter Mumbai, India
- Founders Gaurav Bansal, Arul Sundarraj, Vinit Maniar
- Stage Minicorn
- SectorsTechnologyFinancial Services
- Email••••••••
- Website cointab.net
- Social LinkedIn X Facebook YouTube
- Legal Name Cointab Software Private Limited
- Date of Incorporation 03 Aug, 2015
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹2.71 Cr
FY 2023 · +167% YoY
- Net Profit₹29.3 Lakh
FY 2023 · 11% margin
- EBITDA₹41.3 Lakh
FY 2023 · 15% margin
- Total Equity Funding$155.25K (USD)
in 3 rounds
- Latest Funding Round$43.3K (USD), Angel Round
Apr 2019
Associated legal entities of Cointab
Cointab operates through Cointab Software Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cointab Software Private Limited CIN U72300MH2015PTC267087 | Active | 03 Aug 2015 | Mumbai, Maharashtra | ₹2.7 Cr | 16 | 3 | View details |
Products & Services of Cointab
Cointab offers a comprehensive portfolio of products and services, including Automated Reconciliation Software and Dashboard.
Automates matching and reconciling of financial transactions
Offers insights into financial health and transaction data
Apps and channels of Cointab
its YouTube channel Cointab has 41.6K subscribers and 23 videos.
Videos from Cointab
The most watched videos on Cointab's YouTube channel, Cointab (41.6K subscribers). Click a video to play it here.
More on Cointab.
Funding Insights of Cointab
Cointab has successfully raised a total of $155.25K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $43.3 thousand completed in April 2019. 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 $155,248
- Total Rounds 3
- Last Round Angel Round — $43,295
- First Round $37,202
(Mar 2016)
- Investors Count 8
All 3 funding rounds of Cointab 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 |
|---|---|---|---|---|---|
| Apr 2019 | $43,295 | Angel Round | $2.92M | Lakshmi Narayanan | |
| May 2016 | $74,751 | Seed | $2.97M | Dynamis Mentors, Doreswamy Nandkishore | – |
| Mar 2016 | $37,202 | Angel Round | $••••• | Bijai Jayarajan, Nitin Gupta | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2019 | $2.92M | •••••••• |
| May 2016 | $2.97M | •••••••• |
Last known valuation $2.92M (Apr 2019). 8 investors in total: 1 institutional and 7 angel.
Investors in Cointab
Cointab has secured backing from 8 investors, including angel and institutional investors. Prominent investors backing the company include Lakshmi Narayanan, Punit Sood and Dynamis Mentors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | dynamismentors.tcc.mode | - | |
LN Lakshmi Narayanan | Angel investor, ex-CEO of Cognizant, focused on tech and innovation | – | unknown_aa05f77c223641468 | - |
PS Punit Sood | - | – | unknown_0c9e4418cccb45589 | - |
DN Doreswamy Nandkishore | - | – | unknown_ccef0c1d1d1f4429b | - |
SJ Sanjay Jain | Angel investor, ex-UIDAI Chief Product Manager, fintech and tech enthusiast | – | unknown_952eb764bec84d38a | - |
UC Uday Chawla | Angel investor and entrepreneur, co-founder of UC Inclusive Credit, ex-banker | – | unknown_b8e9c0aad8714cdf9 | - |
BJ Bijai Jayarajan | - | – | unknown_b81e731ed4a344fb9 | - |
NG Nitin Gupta | - | – | unknown_002900497d5a4b4f9 | - |
Investor details for Cointab
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Cointab Software Private Limited (Cointab)
Cointab Software Private Limited is the primary company behind Cointab. The board of Cointab Software Private Limited currently have 3 directors; the longest-serving is Vinit Pankaj Maniar, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vinit Pankaj Maniar DIN 07226176 | Managing Director | 03 Aug 2015 | 11 yrs 2 mo | Cointab Software Private Limited |
| Arul Sundarraj DIN 07226136 | Director | 03 Aug 2015 | 11 yrs 2 mo | Cointab Software Private Limited |
| Gaurav Bansal DIN 07091420 | Director | 03 Aug 2015 | 11 yrs 2 mo | Cointab Software Private Limited |
People of Cointab
3 people are tracked at Cointab (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Cointab
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Cointab
Figures of Cointab Software Private Limited, the primary company behind Cointab, for FY 2023. Revenue was ₹2.71 Cr (+167% year on year). Net profit was ₹29.3 Lakh (11% margin). EBITDA was ₹41.3 Lakh (15% margin). Revenue has grown at a compounded annual rate of +95% over three years and +152% over five years.
- ₹2.71 CrRevenue · FY 2023 · +167% YoY
- ₹29.3 LakhNet profit · 11% margin
- ₹41.3 LakhEBITDA · 15% margin
- ₹11,318Paid-up capital
- 16Employees (provident fund records)
- +95%Revenue CAGR, 3 years
- +152%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Cointab Software Private Limited are on its company page.
Detailed financial statements for Cointab
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Cointab
4 dated milestones of Cointab across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Cointab is founded.
- Funding First funding round of $37K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $43K.
Competitors of Cointab
Cointab 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 Simetrik, Duco, Uniqus, Trintech and Curlec, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| simetrik.com | 2008 | Bogota, Colombia | $114.12M | – | Accounts reconciliation solutions | |
| du.co | 2010 | London, United Kingdom | $35.29M | – | SAAS reconciliation solutions are delivered for financial services firms. | |
| uniqus.com | 2022 | Mumbai, India | $42.5M | 22 | Provider of accounting, risk, governance, environmental, social, and technology consulting | |
| trintech.com | 2000 | Addison, United States | – | 362 | Cloud-based financial reporting and compliance software is delivered for businesses. | |
| curlec.com | 2018 | Kuala Lumpur, Malaysia | – | – | Recurring payments are automated and collected via bank-to-bank direct debits. | |
| ecobillz.com | 2016 | Belgaum, India | $225,167 | 25 | Digital receipt management solutions for retail store and restaurants | |
| autorek.com | 1994 | Glasgow, United Kingdom | – | 102 | Solutions for account reconciliations and regulatory reporting are provided. | |
| aico.ai | 2008 | Espoo, Finland | – | – | Financial close accounting solutions are provided for large enterprises. | |
| kanipayments.com | 2018 | Newcastle Upon Tyne, United Kingdom | – | 20 | SaaS-based financial reconciliation and reporting software is provided for businesses. | |
| cashnote.kr | 2016 | Incheon, South Korea | $3.53M | – | Revenue management and account reconciliation solution |
Detailed competitors of Cointab
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Cointab
The website of Cointab (cointab.net) receives about 4.8K visits a month.
- Monthly visits4.8K
▲ 32.5% vs previous month
Similar companies to Cointab
10 companies that operate in the same segment as Cointab (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Frequently Asked Questions about Cointab
Cointab was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Cointab is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Vinit Maniar is the current CEO of Cointab. They have also founded this company.
Cointab is a funded company, having raised a total of $155.25K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $37.2K, raised on Mar 2016.
The primary company behind Cointab, Cointab Software Private Limited, reported revenue of ₹2.71 Cr for FY 2023, up 167% year on year.
Cointab was founded in 2015 and is headquartered in Mumbai, India. Automated software solutions for reconciliation are offered by the company, focusing on the fintech sector. Data from websites, payment gateways, cash-on-delivery transactions, shipping invoices, marketplaces, ERP systems, and banks is reconciled through these tools. Operations emphasize efficiency in financial data management for businesses.
Cointab offers Automated Reconciliation Software and Dashboard.
Cointab has 8 investors. Key investors include Lakshmi Narayanan, Punit Sood, Dynamis Mentors, Doreswamy Nandkishore, and Sanjay Jain.
The valuation of Cointab is $2.92M as of Apr 2019.
Cointab operates through Cointab Software Private Limited.
The legal entities of Cointab currently have 3 directors, including Vinit Pankaj Maniar, Arul Sundarraj, Gaurav Bansal.