About Credofast
Credofast was a Business Services company based in Andheri (India) founded in 2018. An app offering invoice financing services for businesses. It operates on a B2B model. The company is recorded as dissolved. Its focus areas include Finance, Fintech, Invoice Management and Financing Solutions. Its legal entity in India is Credofast Fintech Private Limited (U72501MH2019PTC331056). Its competitors include KredX, Vayana and Cashflo; 3 of its 3 listed competitors have raised funding.
Company details
Credofast, based in Andheri, focuses on finance, fintech, invoice management, and financing solutions. An app offering invoice financing services for businesses. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Andheri, India
- SectorsBusiness Services
- Website credofast.com
- Social Facebook
- Legal Name Credofast Fintech Private Limited
- Date of Incorporation 27 Sep, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹17,210
FY 2022 · -100% YoY
- Net Loss-₹2.3 Lakh
FY 2022 · -1358% margin
- EBITDA-₹1.7 Lakh
FY 2022 · -962% margin
Associated legal entities of Credofast
Credofast operates through Credofast Fintech Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Credofast Fintech Private Limited CIN U72501MH2019PTC331056 | Strike Off | 27 Sep 2019 | Mumbai, Maharashtra | ₹0.0 Cr | 2 | View details |
Board of directors of Credofast Fintech Private Limited (Credofast)
Credofast Fintech Private Limited is the primary company behind Credofast. The board of Credofast Fintech Private Limited currently have 2 directors; the longest-serving is Purva Vijay Nihalani, appointed in 2021. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Purva Vijay Nihalani DIN 05010571 | Director | 12 Apr 2021 | 5 yrs 6 mo | Credofast Fintech Private Limited |
| Somesh Nihalani DIN 07571562 | Director | 25 May 2021 | 5 yrs 5 mo | Credofast Fintech Private Limited |
Financials of Credofast
Figures of Credofast Fintech Private Limited, the primary company behind Credofast, for FY 2022. Revenue was ₹17,210 (-100% year on year). Net loss was -₹2.3 Lakh (-1358% margin). EBITDA was -₹1.7 Lakh (-962% margin).
- ₹17,210Revenue · FY 2022 · -100% YoY
- -₹2.3 LakhNet loss · -1358% margin
- -₹1.7 LakhEBITDA · -962% margin
- ₹10 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Credofast Fintech Private Limited are on its company page.
Detailed financial statements for Credofast
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Competitors of Credofast
Credofast has 3 listed competitors in our database, 3 of them funded. They include KredX, Vayana and Cashflo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kredx.com | 2015 | Bengaluru, India | $33.03M | 69 | Supply chain finance solutions and automation tools are provided. | |
| vayana.com | 2009 | Pune, India | $91.94M | Platform for trade credit and supply chain finance is provided. | ||
| cashflo.io | 2019 | Mumbai, India | $12.77M | 54 | Provider of accounts payable automation, payment, compliance, and vendor management software |
Detailed competitors of Credofast
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Frequently Asked Questions about Credofast
Credofast was founded in 2018.
Credofast is headquartered in Andheri, India. It is registered at Andheri, Maharashtra, India.
The primary company behind Credofast, Credofast Fintech Private Limited, reported revenue of ₹17,210 for FY 2022, down 100% year on year.
Credofast, based in Andheri, focuses on finance, fintech, invoice management, and financing solutions. An app offering invoice financing services for businesses. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Credofast operates through Credofast Fintech Private Limited.
The legal entities of Credofast currently have 2 directors, including Somesh Nihalani, Purva Vijay Nihalani.