About Fable Fintech
Fable Fintech is a company based in Mumbai (India) founded in 1999 by Naushad Contractor and Hershel Asmani.. Fable Fintech has raised $14.52 million across 8 funding rounds from investors including Paytm, ICICI Bank and Infibeam Avenues. The company has 203 employees as of April 08, 2024. Fable Fintech offers products and services including Fable Processing Suite, Fable Growth Suite, Inward Wire Solution, Fable Management Suite, and Fable API Hub. Fable Fintech operates in a competitive market with competitors including Wallex, TransferMate, Payall, Keeta and Balad, among others.
- Headquarter Mumbai, India
- Employees 203 as on 08 Apr, 2024
- Founders Naushad Contractor, Hershel Asmani
- Stage Minicorn
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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 Fable Fintech Private Limited
- Date of Incorporation 27 Dec, 1999
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.39 M (USD)-3.49as on Mar 31, 2023
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Net Profit
$-2.84 M (USD)-8.45as on Mar 31, 2023
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EBITDA
$-2.58 M (USD)-8.95as on Mar 31, 2023
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Total Equity Funding
$14.52 M (USD)
in 8 rounds
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Latest Funding Round
$2.97 M (USD), Series B
Oct 25, 2024
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Investors
Paytm
& 30 more
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Employee Count
203
as on Apr 08, 2024
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Products & Services of Fable Fintech
Fable Fintech offers a comprehensive portfolio of products and services, including Fable Processing Suite, Fable Growth Suite, Inward Wire Solution, Fable Management Suite, and Fable API Hub. 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.
Manages inward and outward remittance operations for financial institutions securely.
Enables launching branded cross-border payment services with rapid go-to-market features.
Handles end-to-end inward wire transfers with compliance and fraud prevention.
Supports treasury operations for cross-border transactions and partner integrations.
Provides pre-integrated APIs for payment ecosystems and regulatory technologies.
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Funding Insights of Fable Fintech
Fable Fintech has successfully raised a total of $14.52M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $2.97 million completed in October 2024. 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 8
- Last Round Series B — $3.0M
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First Round
First Round
(30 Mar 2012)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series B - Fable Fintech | Valuation | Tenacity Ventures |
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| Oct, 2023 | Amount | Unspecified - Fable Fintech | Valuation | Infibeam Avenues | |
| Aug, 2022 | Amount | Unspecified - Fable Fintech | Valuation | Ashish Kacholia |
| 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 Fable Fintech
Fable Fintech has secured backing from 31 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Paytm, ICICI Bank and Infibeam Avenues. 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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Technology investment firm focusing on early-growth stages and software businesses in India.
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Founded Year | Domain | Location | |
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Investing in seed-stage B2B SaaS companies with a focus on digital transformation and emerging tech in India.
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Founded Year | Domain | Location | |
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Sector-agnostic acceleration is provided to startups by Alacrity.
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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 Fable Fintech
| 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 - Fable Fintech
| 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 |
Fable Fintech Comparisons
Competitors of Fable Fintech
Fable Fintech 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 Wallex, TransferMate, Payall, Keeta and Balad, 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 |
Cross-border payments acceptance and management solution for businesses
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| domain | founded_year | HQ Location |
International B2B payments and receivables are processed globally.
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| domain | founded_year | HQ Location |
Cross-border remittance solutions for banks are developed and provided.
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| domain | founded_year | HQ Location |
Cross-border monetary transactions are enabled via global payment integration.
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| domain | founded_year | HQ Location |
Cross-border payments are facilitated via API across multiple channels.
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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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Latest news on Fable Fintech
Frequently Asked Questions about Fable Fintech
When was Fable Fintech founded?
Fable Fintech was founded in 1999 and raised its 1st funding round 13 years after it was founded.
Where is Fable Fintech located?
Fable Fintech is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Fable Fintech?
Naushad Contractor is the current CEO of Fable Fintech. They have also founded this company.
Is Fable Fintech a funded company?
Fable Fintech is a funded company, having raised a total of $14.52M across 8 funding rounds to date. The company's 1st funding round was a Unspecified of $1.28M, raised on Mar 30, 2012.
How many employees does Fable Fintech have?
As of Apr 08, 2024, the latest employee count at Fable Fintech is 203.
What is the annual revenue of Fable Fintech?
Annual revenue of Fable Fintech is $1.39M as on Mar 31, 2023.
What does Fable Fintech do?
Fable Fintech was founded in 1999 in Mumbai, India, and operates in the fintech sector. A SaaS platform is offered to banks, financial institutions, and SMEs for international remittances. Multi-country and multi-currency services are facilitated through omnichannel products that comply with KYC and AML regulations. Cross-border payments are enabled for businesses seeking efficient global transactions.
Who are the top competitors of Fable Fintech?
Fable Fintech's top competitors include Wallex, TransferMate and Payall.
What products or services does Fable Fintech offer?
Fable Fintech offers Fable Processing Suite, Fable Growth Suite, Inward Wire Solution, Fable Management Suite, and Fable API Hub.
Who are Fable Fintech's investors?
Fable Fintech has 31 investors. Key investors include Paytm, ICICI Bank, Infibeam Avenues, One97 Communications, and Muthoot Fincorp.
What is Fable Fintech's valuation?
The valuation of Fable Fintech is $29.06M as of Oct 2024.