About faytech
faytech is a company based in Shenzhen (China) founded in 2009, and was acquired by Mic in February 2022. Online religious content and mobile applications are provided for users. faytech has raised $439.71 thousand across 1 funding round from investors including Pyramid AG and FunderNation. Its chief executive, as recorded, is Fan Yang. Its Indian entity Faytech Private Limited reported revenue of ₹9.99 Cr.
Company details
Faytech was founded in 2009 in Shenzhen, China, and operates within the religious media sector. Online radio broadcasts and digital hymnals are delivered through mobile applications compatible with Android and Apple devices. A website is maintained with details on religious services and events. Access to radio and television programming is enabled via these apps, while the hymnal feature includes a collection of hymns for users.
- Headquarters Shenzhen, China
- Stage Acquired
- Website category Computers Electronics and Technology · Computer Hardware
- Email••••••••
- Phone•••• ••••
- Website faytech.com
- Social LinkedIn X Facebook
- Acquired by Mic (Feb 2022)
- Legal Name Faytech Private Limited
- Date of Incorporation 27 Jun, 2008
- Jurisdiction Delhi, India
- Indian entity revenue₹9.99 Cr
FY 2024 · +18% YoY
- Indian entity net profit₹95.7 Lakh
FY 2024 · 10% margin
- Indian entity EBITDA₹1.13 Cr
FY 2024 · 11% margin
- Total Equity Funding$439.71K (USD)
in 1 rounds
- Latest Funding Round$439.71K (USD), Seed
Mar 2018
- InvestorsPyramid AG
& 1 more
- Acquired byMic
(Feb 2022)
Associated legal entities of faytech
faytech operates through Faytech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Faytech Private Limited CIN U72200DL2008PTC341903 | Active | 27 Jun 2008 | Delhi, Delhi | ₹10.0 Cr | 3 | View details |
Funding Insights of faytech
faytech has successfully raised a total of $439.71K through 1 strategic funding round. The most recent funding activity was a Seed round of $439.71 thousand completed in March 2018. 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 $439,711
- Total Rounds 1
- Last Round Seed — $439,711
- First Round $439,711
(Mar 2018)
- Investors Count 1
All 1 funding rounds of faytech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2018 | $439,711 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in faytech
faytech has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Pyramid AG and FunderNation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage European companies are invested in by Mic AG. | 2001 | mic-ag.eu | Munich, Germany | |
Operates a crowdlending platform for small and medium enterprises. | 2014 | fundernation.eu | Berlin, Germany |
Investor details for faytech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Faytech Private Limited (faytech)
Faytech Private Limited is the primary company behind faytech. The board of Faytech Private Limited currently have 3 directors; the longest-serving is Amita Sanjay Gupta, appointed in 2008. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amita Sanjay Gupta DIN 00140642 | Director | 27 Jun 2008 | 18 yrs 3 mo | Faytech Private Limited |
| Sachin Kumar Gupta DIN 07100204 | Director | 17 Feb 2015 | 11 yrs 8 mo | Faytech Private Limited |
| Arne Carsten Weber DIN 07909596 | Director | 16 Aug 2017 | 9 yrs 2 mo | Faytech Private Limited |
People of faytech
6 people are tracked at faytech (2 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Fan Yang | CEO & Director | Leadership |
Michael Faass | Director of Sales & Marketing - APAC | Leadership |
Emma Yang | International Sales | Team |
Ellison Cheng | Marketing Manager | Team |
Johanna Chen | International Sales | Team |
Fu Carol | Sales Specialist | Team |
Complete people profiles for faytech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of faytech
Figures of Faytech Private Limited, the primary company behind faytech, for FY 2024. Revenue was ₹9.99 Cr (+18% year on year). Net profit was ₹95.7 Lakh (10% margin). EBITDA was ₹1.13 Cr (11% margin). Revenue has grown at a compounded annual rate of +105% over three years and +40% over five years.
- ₹9.99 CrRevenue · FY 2024 · +18% YoY
- ₹95.7 LakhNet profit · 10% margin
- ₹1.13 CrEBITDA · 11% margin
- ₹1.76 CrPaid-up capital
- +105%Revenue CAGR, 3 years
- +40%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Faytech Private Limited are on its company page.
Detailed financial statements for faytech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of faytech
3 dated milestones of faytech across 13 years, from founding to its latest funding, stage changes and deals.
- Founded faytech is founded.
- Funding First funding round of $440K.
- Exit Acquired by Mic.
Web traffic of faytech
The website of faytech (faytech.com) receives about 7.4K visits a month and ranks #2,830,932 among all websites worldwide, #10,268 in Computer Hardware.
- Monthly visits7.4K
▼ 1.5% vs previous month
- Unique visitors3.2K
per month
- Global rank#2,830,932
among all websites
- Category rank#10,268
Computers Electronics and Technology · Computer Hardware
- Bounce rate42%
- Pages per visit1.6
- Average visit16 sec
- DevicesDesktop 32% · Mobile 68%
Websites whose visitors overlap most with faytech. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| oneworldtouch.com | 100% | #5,286,012 | View details | ||
news.hopeindustrial.com | news.hopeindustrial.com | 100% | – | ||
suntex.co.jp | suntex.co.jp | 96% | #4,691,346 | – | |
x96mini.com | x96mini.com | 68% | #259,859 | – | |
lg-informationdisplay.com | lg-informationdisplay.com | 57% | #401,076 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for faytech
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about faytech
faytech was founded in 2009 and raised its 1st funding round 9 years after it was founded.
faytech is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
Fan Yang is the CEO of faytech, as recorded in our data.
faytech is a funded company, having raised a total of $439.71K across 1 funding round to date. The company's 1st funding round was a Seed of $439.71K, raised on Mar 2018.
The primary company behind faytech, Faytech Private Limited, reported revenue of ₹9.99 Cr for FY 2024, up 18% year on year.
Faytech was founded in 2009 in Shenzhen, China, and operates within the religious media sector. Online radio broadcasts and digital hymnals are delivered through mobile applications compatible with Android and Apple devices. A website is maintained with details on religious services and events. Access to radio and television programming is enabled via these apps, while the hymnal feature includes a collection of hymns for users.
faytech has 2 investors. Key investors include Pyramid AG, and FunderNation.
faytech operates through Faytech Private Limited.
Yes. faytech was acquired by Mic in February 2022.
The legal entities of faytech currently have 3 directors, including Amita Sanjay Gupta, Sachin Kumar Gupta, Arne Carsten Weber.