About Converj
Converj is a Financial Services company based in Bengaluru (India) founded in 2021 by Varghese Abraham and Parry Ravindranathan. Treasury card and embedded finance solutions are provided for businesses. Converj has raised $2.73 million across 3 funding rounds from investors including Yatra Angel Network, Beenext and Elizabeth Mathew. The company has 30 employees. Converj was last valued at $14 million in January 2023. Its chief executive, as recorded, is Parry Ravindranathan. Its Indian entity Converj Global Private Limited reported revenue of ₹5.1 Lakh. Converj offers products and services including Treasury Card. Its focus areas include FinTech, Payments, Business Payments and Virtual Cards.
Company details
Converj was founded in 2021 in Bengaluru, India, within the fintech sector. Treasury cards and embedded finance solutions are offered to businesses, enabling banks to integrate payment options with existing tools. Procure-to-pay processes are streamlined, payment terms optimized, and working capital returns improved. Financial institutions, buyers, and suppliers are served to enhance efficiencies and supply chain resilience. Access to capital, cash flow forecasting, and dynamic discounting are also supported.
- Headquarters Bengaluru, India
- Employees 30
- Founders Varghese Abraham, Parry Ravindranathan
- Stage Minicorn
- SectorsFinancial Services
- Website converj.com
- Social LinkedIn X
- Legal Name Converj Global Private Limited
- Date of Incorporation 19 Dec, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹5.1 Lakh
FY 2025 · -86% YoY
- Net Loss-₹1.66 Cr
FY 2025 · -3239% margin
- EBITDA-₹1.69 Cr
FY 2025 · -3309% margin
- Total Equity Funding$2.73M (USD)
in 3 rounds
- Latest Funding Round$1.76M (USD), Seed
Jan 2023
- InvestorsYatra Angel Network
& 3 more
- Employee Count30
Associated legal entities of Converj
Converj operates through Converj Global Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Converj Global Private Limited CIN U74999KA2019PTC130829 | Active | 19 Dec 2019 | Bangalore, Karnataka | ₹0.1 Cr | 30 | 3 | View details |
Products & Services of Converj
Converj offers a comprehensive portfolio of products and services, including Treasury Card.
Facilitates B2B payments with variable tenures and fees for better financial management
Funding Insights of Converj
Converj has successfully raised a total of $2.73M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.76 million completed in January 2023. 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 $2.73M
- Total Rounds 3
- Last Round Seed — $1.76M
- First Round $626,700
(Jun 2021)
- Investors Count 4
All 3 funding rounds of Converj 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 |
|---|---|---|---|---|---|
| Jan 2023 | $1.76M | Seed | $14M | Yatra Angel Network | |
| Apr 2022 | $346,400 | Angel Round | $3.62M | Elizabeth Mathew | – |
| Jun 2021 | $626,700 | Angel Round | $••••• | Elizabeth Mathew, Shivanandan Ashok Dalvie | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2023 | $14M | •••••••• |
| Apr 2022 | $3.62M | •••••••• |
| Jun 2021 | $••••• | •••••••• |
Full valuation and stage history of Converj
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $14M (Jan 2023). 4 investors in total: 2 institutional and 2 angel.
Investors in Converj
Converj has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Yatra Angel Network, Beenext and Elizabeth Mathew.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Angel network focused on the fintech sector | 2020 | yatraangelnetwork.com | Mumbai, India | |
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
EM Elizabeth Mathew | unknown_e5481176908d48d08 | |||
SA Shivanandan Ashok Dalvie | unknown_16538b09d30441bf9 |
Investor details for Converj
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Converj Global Private Limited (Converj)
Converj Global Private Limited is the primary company behind Converj. The board of Converj Global Private Limited currently have 3 directors; the longest-serving is Varghese Kunniparampil Abraham, appointed in 2019. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Varghese Kunniparampil Abraham DIN 08644233 | Whole-time director | 19 Dec 2019 | 6 yrs 10 mo | Converj Global Private Limited |
| Ravindranathan Parameshwaran DIN 07544663 | Whole-time director | 01 Feb 2021 | 5 yrs 8 mo | Converj Global Private Limited |
| Murali Rajashekaran Nair DIN 05174689 | Director | 10 Jun 2023 | 3 yrs 4 mo | Converj Global Private Limited |
People of Converj
3 people are tracked at Converj (2 in leadership, 1 in team); the tracked headcount is 30.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
Parry Ravindranathan | Co-Founder & CEO | Leadership |
Narasimha Murthy K H | Product Manager | Team |
Complete people profiles for Converj
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Converj
Figures of Converj Global Private Limited, the primary company behind Converj, for FY 2025. Revenue was ₹5.1 Lakh (-86% year on year). Net loss was -₹1.66 Cr (-3239% margin). EBITDA was -₹1.69 Cr (-3309% margin). Revenue has grown at a compounded annual rate of +388% over three years.
- ₹5.1 LakhRevenue · FY 2025 · -86% YoY
- -₹1.66 CrNet loss · -3239% margin
- -₹1.69 CrEBITDA · -3309% margin
- ₹18.1 LakhPaid-up capital
- 30Employees (provident fund records)
- +388%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Converj Global Private Limited are on its company page.
Detailed financial statements for Converj
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 Converj
4 dated milestones of Converj across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Converj is founded.
- Funding First funding round of $627K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.8M.
Web traffic of Converj
The website of Converj (converj.com) receives about 1.4K visits a month.
- Monthly visits1.4K
▲ 26.7% vs previous month
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Converj (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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Frequently Asked Questions about Converj
Converj was founded in 2021.
Converj is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Parry Ravindranathan is the CEO of Converj, as recorded in our data. They have also founded this company.
Converj is a funded company, having raised a total of $2.73M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $626.7K, raised on Jun 2021.
Converj has 30 employees.
The primary company behind Converj, Converj Global Private Limited, reported revenue of ₹5.1 Lakh for FY 2025, down 86% year on year.
Converj was founded in 2021 in Bengaluru, India, within the fintech sector. Treasury cards and embedded finance solutions are offered to businesses, enabling banks to integrate payment options with existing tools. Procure-to-pay processes are streamlined, payment terms optimized, and working capital returns improved. Financial institutions, buyers, and suppliers are served to enhance efficiencies and supply chain resilience. Access to capital, cash flow forecasting, and dynamic discounting are also supported.
Converj offers Treasury Card.
Converj has 4 investors. Key investors include Yatra Angel Network, Beenext, Elizabeth Mathew, and Shivanandan Ashok Dalvie.
The valuation of Converj is $14M as of Jan 2023.
Converj operates through Converj Global Private Limited.
The legal entities of Converj currently have 3 directors, including Murali Rajashekaran Nair, Varghese Kunniparampil Abraham, Ravindranathan Parameshwaran.