About Fego
Fego is a company based in Chennai (India) founded in 2020 by Kumar Srikanthan S was acquired by Perfios in September 2023.. Fego has raised $1.72 million across 2 funding rounds from investors including Perfios, 3one4 Capital and Speciale Invest. The company has 21 employees as of April 08, 2024. Fego operates in a competitive market with competitors including Codat, Banked, Yodlee, Bud and Method, among others.
- Headquarter Chennai, India
- Employees 21 as on 08 Apr, 2024
- Founders Kumar Srikanthan S
- 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 Leap247 Finnovations Private Limited
- Date of Incorporation 11 Jul, 2020
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$15.02 K (USD)62.34as on Mar 31, 2023
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Net Profit
$-843.08 K (USD)-377.06as on Mar 31, 2023
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EBITDA
$-582.34 K (USD)-512.37as on Mar 31, 2023
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Total Equity Funding
$1.72 M (USD)
in 2 rounds
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Latest Funding Round
$1.5 M (USD), Seed
Sep 25, 2021
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Investors
Perfios
& 31 more
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Employee Count
21
as on Apr 08, 2024
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Acquired by
Perfios
(Sep 21, 2023)
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Funding Insights of Fego
Fego has successfully raised a total of $1.72M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.5 million completed in September 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 2
- Last Round Seed — $1.5M
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First Round
First Round
(24 Jul 2020)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Seed - Fego | Valuation | 3one4 Capital , Saison Capital | |
| Jul, 2020 | Amount | Seed - Fego | Valuation | Andromeda Capital Advisors , Yogesh Suresh |
| 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 Fego
Fego has secured backing from 32 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Perfios, 3one4 Capital and Speciale Invest. 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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Venture capital investments in technology sectors like SaaS and Fintech in India.
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Founded Year | Domain | Location | |
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Venture capital firm focused on pre-seed to series B stage companies
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Founded Year | Domain | Location | |
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Pre-seed startups are invested in by Eximius Ventures.
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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 Fego
| 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 - Fego
| 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 |
Fego Comparisons
Competitors of Fego
Fego 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 Codat, Banked, Yodlee, Bud and Method, 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 |
Developer of cloud-based financial analysis and forecasting solutions for small and medium businesses
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| domain | founded_year | HQ Location |
Open banking APIs for payments and data access are provided.
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| domain | founded_year | HQ Location |
Cloud-based data aggregation and analytics for financial institutions are offered.
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| domain | founded_year | HQ Location |
Bud Financial is focused on transforming transaction data into actionable insights for financial institutions.
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| domain | founded_year | HQ Location |
API-enabled debt repayment tools are provided for financial services.
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| domain | founded_year | HQ Location |
open banking API solutions
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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 Fego
Frequently Asked Questions about Fego
When was Fego founded?
Fego was founded in 2020.
Where is Fego located?
Fego is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Is Fego a funded company?
Fego is a funded company, having raised a total of $1.72M across 2 funding rounds to date. The company's 1st funding round was a Seed of $221K, raised on Jul 24, 2020.
How many employees does Fego have?
As of Apr 08, 2024, the latest employee count at Fego is 21.
What is the annual revenue of Fego?
Annual revenue of Fego is $15.02K as on Mar 31, 2023.
What does Fego do?
Fego was founded in 2020 in Chennai, India, as a provider of open banking APIs within the fintech sector. APIs are offered to enable businesses to link with customers financial accounts, develop tailored products, and enhance user interactions. Operations focus on facilitating secure data access and personalization tools, supporting various financial services across the region.
Who are Fego's investors?
Fego has 32 investors. Key investors include Perfios, 3one4 Capital, Speciale Invest, First Cheque, and Saison Capital.
What is Fego's valuation?
The valuation of Fego is $4.01M as of Sep 2021.