About Criss Financial
Criss Financial is a company based in Hyderabad (India) founded in 1992 was acquired by Spandana Sphoorty Financial in December 2018.. Criss Financial has raised $3.39 million across 5 funding rounds from investors including Spandana Sphoorty Financial, Unifi Capital and Einteract. Criss Financial offers products and services including Loan Against Property, Nano Enterprise Loan, and Individual Loan. Criss Financial operates in a competitive market with competitors including ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, among others.
- Headquarter Hyderabad, India
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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 Criss Financial Limited
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$5.6 M (USD)67.11as on Mar 31, 2019
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Net Profit
$1.93 M (USD)79.1as on Mar 31, 2019
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EBITDA
$3.82 M (USD)66.6as on Mar 31, 2019
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Total Equity Funding
$3.39 M (USD)
in 5 rounds
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Latest Funding Round
$2.46 M (USD), Debt – Conventional
Jun 15, 2021
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Investors
Spandana Sphoorty Financial
& 11 more
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Employee Count
Employee Count
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Acquired by
Spandana Sphoorty Financial
(Dec 27, 2018)
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Products & Services of Criss Financial
Criss Financial offers a comprehensive portfolio of products and services, including Loan Against Property, Nano Enterprise Loan, and Individual Loan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secured loan using property as collateral for financial needs
Small loan for micro-enterprises to support business growth
Personal loan for individuals to meet various financial requirements
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Funding Insights of Criss Financial
Criss Financial has successfully raised a total of $3.39M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2.46 million completed in June 2021. 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 Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $2.5M
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First Round
First Round
(31 Mar 2011)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Debt – Conventional - Criss Financial | Valuation |
investors |
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| Mar, 2017 | Amount | Debt – Conventional - Criss Financial | Valuation |
investors |
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| Mar, 2017 | Amount | Angel Round - Criss Financial | Valuation | Revan Saahith Reddy Vendidandi , Hina Ansari |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Criss Financial
Criss Financial has secured backing from 12 investors, including institutional and angel investors. Prominent investors backing the company include Spandana Sphoorty Financial, Unifi Capital and Einteract. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Portfolio management and investment strategy services are provided to clients.
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Founded Year | Domain | Location | |
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Limited information is provided about Einteract's activities.
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Founded Year | Domain | Location | |
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RS
Revan Saahith Reddy Vendidandi |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Criss Financial
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Criss Financial
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Criss Financial Comparisons
Competitors of Criss Financial
Criss Financial 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 ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Microfinance banking services are offered in India by ESAF.
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| domain | founded_year | HQ Location |
Micro loans for businesses are offered by this NBFC.
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| domain | founded_year | HQ Location |
Micro-finance bank
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| domain | founded_year | HQ Location |
Provider of micro-credit & insurance for low income income individuals and women
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| domain | founded_year | HQ Location |
Microcredit services are provided to rural women for financial inclusion.
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| domain | founded_year | HQ Location |
Micro-credit financing is provided to low-income individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Criss Financial
When was Criss Financial founded?
Criss Financial was founded in 1992 and raised its 1st funding round 19 years after it was founded.
Where is Criss Financial located?
Criss Financial is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is Criss Financial a funded company?
Criss Financial is a funded company, having raised a total of $3.39M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $70.92K, raised on Mar 31, 2011.
What is the annual revenue of Criss Financial?
Annual revenue of Criss Financial is $5.6M as on Mar 31, 2019.
What does Criss Financial do?
Criss Financial was established in 1992 in Hyderabad, India, within the microfinance sector. Loans are extended to borrowers for diverse financial purposes. Products such as the Unnati Loan are offered to cover short-term liquidity gaps, while Loan Against Property is secured through mortgages on residential and commercial assets. Operations center on supporting customer credit requirements in the region.
Who are the top competitors of Criss Financial?
Criss Financial's top competitors include ESAF, Satin Creditcare and Bharat Financial Inclusion.
What products or services does Criss Financial offer?
Criss Financial offers Loan Against Property, Nano Enterprise Loan, and Individual Loan.
Who are Criss Financial's investors?
Criss Financial has 12 investors. Key investors include Spandana Sphoorty Financial, Unifi Capital, Einteract, Revan Saahith Reddy Vendidandi, and Hina Ansari.