About CredFine
CredFine is a Financial Services company based in Mumbai (India) founded in 2020 by Harmesh Kishan Suri, and was acquired by Square Yards in December 2022. Marketplace for consumer and business loans is facilitated using AI. The company has 20 employees. Its focus areas include FinTech, Alternative Lending, Online Lenders and Diversified. Its legal entity in India is Credfine Digital India Private Limited (U74140MH2020PTC335644). Its competitors include Epimoney, IndiaLends and i2i; 2 of its 3 listed competitors have raised funding.
Company details
CredFine was founded in 2020 in Mumbai, India, within the fintech sector. A digital marketplace is operated for loan products, including personal loans, credit card loans, asset-backed loans, home loans, and business loans. Additional services such as money transfers and insurance are provided. Artificial intelligence is utilized for matching eligibility between providers, products, and consumers.
- Headquarters Mumbai, India
- Employees 20
- Founders Harmesh Kishan Suri
- Stage Acquired
- SectorsFinancial Services
- Website credfine.com
- Social LinkedIn
- Acquired by Square Yards (Dec 2022)
- Legal Name Credfine Digital India Private Limited
- Date of Incorporation 07 Jan, 2020
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹49,258
FY 2023 · +31% YoY
- Net Loss-₹8,466
FY 2023 · -17% margin
- EBITDA-₹7,163
FY 2023 · -15% margin
- Investors
- Employee Count20
- Acquired bySquare Yards
(Dec 2022)
Associated legal entities of CredFine
CredFine operates through Credfine Digital India 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 |
|---|---|---|---|---|---|---|---|
| Credfine Digital India Private Limited CIN U74140MH2020PTC335644 | Active | 07 Jan 2020 | Thane, Maharashtra | ₹0.0 Cr | 20 | 3 | View details |
Investors in CredFine
CredFine has secured backing from 1 investor. Prominent investors backing the company include Square Yards.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Technology platform for real estate transactions and mortgages is provided. | 2014 | squareyards.com | Gurugram, India |
Investor details for CredFine
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Board of directors of Credfine Digital India Private Limited (CredFine)
Credfine Digital India Private Limited is the primary company behind CredFine. The board of Credfine Digital India Private Limited currently have 3 directors; the longest-serving is Rahul Munnalal Maurya, appointed in 2020. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rahul Munnalal Maurya DIN 07998777 | Additional Director | 07 Jan 2020 | 6 yrs 9 mo | Credfine Digital India Private Limited |
| Harmesh Kishan Suri DIN 08554877 | Director | 04 Apr 2022 | 4 yrs 6 mo | Credfine Digital India Private Limited |
| Hitesh Mehta DIN 07215189 | Director | 04 Jul 2022 | 4 yrs 3 mo | Credfine Digital India Private Limited |
People of CredFine
1 people are tracked at CredFine (1 in leadership); the tracked headcount is 20.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director | Leadership |
Complete people profiles for CredFine
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of CredFine
Figures of Credfine Digital India Private Limited, the primary company behind CredFine, for FY 2023. Revenue was ₹49,258 (+31% year on year). Net loss was -₹8,466 (-17% margin). EBITDA was -₹7,163 (-15% margin).
- ₹49,258Revenue · FY 2023 · +31% YoY
- -₹8,466Net loss · -17% margin
- -₹7,163EBITDA · -15% margin
- ₹100Paid-up capital
- 20Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Credfine Digital India Private Limited are on its company page.
Detailed financial statements for CredFine
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Timeline of CredFine
2 dated milestones of CredFine across 2 years, from founding to its latest funding, stage changes and deals.
- Founded CredFine is founded.
- Exit Acquired by Square Yards.
Competitors of CredFine
CredFine has 3 listed competitors in our database, 2 of them funded. They include Epimoney, IndiaLends and i2i.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| epimoney.in | 1995 | Chennai, India | 623 | Consumer and business loans are facilitated via an online platform. | ||
| indialends.com | 2014 | Gurugram, India | $30.11M | 221 | Online platform providing loans and credit cards from various financial institutions | |
| i2ifunding.com | 2015 | Noida, India | $934,120 | 33 | Borrowers are connected with investors through P2P lending services. |
Detailed competitors of CredFine
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- Full competitor set
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Top companies in Alternative Lending
3 companies that operate in the same segment as CredFine (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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Frequently Asked Questions about CredFine
CredFine was founded in 2020.
CredFine is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
CredFine has 20 employees.
The primary company behind CredFine, Credfine Digital India Private Limited, reported revenue of ₹49,258 for FY 2023, up 31% year on year.
CredFine was founded in 2020 in Mumbai, India, within the fintech sector. A digital marketplace is operated for loan products, including personal loans, credit card loans, asset-backed loans, home loans, and business loans. Additional services such as money transfers and insurance are provided. Artificial intelligence is utilized for matching eligibility between providers, products, and consumers.
CredFine's top competitors include Epimoney, i2i and IndiaLends.
CredFine has 1 investor. Key investors include Square Yards.
CredFine operates through Credfine Digital India Private Limited.
Yes. CredFine was acquired by Square Yards in December 2022.
The legal entities of CredFine currently have 3 directors, including Rahul Munnalal Maurya, Hitesh Mehta, Harmesh Kishan Suri.