About Fab Money
Fab Money is a company based in Mumbai (India) founded in 2024 by Abhishek Kothari. It operates as a B2C. The company has 40 employees as of March 31, 2023. Fab Money offers products and services including Fab Money Card and Fab Money App. Fab Money operates in a competitive market with competitors including CityCash, PhoneParLoan, Anvi, FYOOL and Blink Card, among others.
- Headquarter Mumbai, India
- Employees 40 as on 31 Mar, 2023
- Founders Abhishek Kothari
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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 Fab Money Technologies Private Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$539.42 K (USD)0as on Mar 31, 2023
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Net Profit
$-278.78 K (USD)0as on Mar 31, 2023
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EBITDA
$-816.99 K (USD)0as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
40
as on Mar 31, 2023
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Products & Services of Fab Money
Fab Money offers a comprehensive portfolio of products and services, including Fab Money Card and Fab Money App. 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.
Prepaid card for earning 1% cashback on transactions
App to manage finances and access rewards programs
Funding Insights of Fab Money
| 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 |
Investments & Acquisitions by Fab Money
| 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 - Fab Money
| 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 |
Fab Money Comparisons
Competitors of Fab Money
Fab Money 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 CityCash, PhoneParLoan, Anvi, FYOOL and Blink Card, 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 |
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| domain | founded_year | HQ Location |
Tap-to-pay solutions are developed for retail, transit, and government payments.
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| domain | founded_year | HQ Location |
Personal loans are provided via an online marketplace for consumers.
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| domain | founded_year | HQ Location |
Provides AI-driven banking, payments, loans, and financial inclusion for unbanked individuals.
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| domain | founded_year | HQ Location |
A reward points system that credits users for every transaction to encourage loyalty.
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| domain | founded_year | HQ Location |
Offers virtual prepaid debit cards for online and NFC payments with security features.
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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 Fab Money
When was Fab Money founded?
Fab Money was founded in 2024.
Where is Fab Money located?
Fab Money is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
How many employees does Fab Money have?
As of Mar 31, 2023, the latest employee count at Fab Money is 40.
What is the annual revenue of Fab Money?
Annual revenue of Fab Money is $539.42K as on Mar 31, 2023.
What does Fab Money do?
Fab Money is a prepaid city rewards card that enables users to earn 1 cashback on every transaction without any fees. It operates in Indian cities like Lucknow, Indore, and Mumbai, allowing money addition from any bank for secure payments. The card partners with local and national brands for exclusive deals, powered by RuPay for safety. It focuses on rewarding daily spending while maintaining user convenience and transparency.
Who are the top competitors of Fab Money?
Fab Money's top competitors include CityCash, PhoneParLoan and FYOOL.
What products or services does Fab Money offer?
Fab Money offers Fab Money Card and Fab Money App.