About Fego
Fego is a Financial Services company based in Chennai (India) founded in 2020 by Kumar Srikanthan S, and was acquired by Perfios in September 2023. Provider of open banking APIs. Fego has raised $1.72 million across 2 funding rounds from investors including Perfios, 3one4 Capital and Speciale Invest. The company has 21 employees. Fego was last valued at $4.01 million in September 2021. Its Indian entity Leap247 Finnovations Private Limited reported revenue of ₹1.61 Cr. The company was acqui-hired. Its focus areas include FinTech, Banking Tech, Open Banking and Aggregation APIs.
Company details
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.
- Headquarters Chennai, India
- Employees 21
- Founders Kumar Srikanthan S
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website fego.ai
- Social LinkedIn X Facebook
- Acquired by Perfios (Sep 2023)
- Legal Name Leap247 Finnovations Private Limited
- Date of Incorporation 11 Jul, 2020
- Jurisdiction Chennai, Tamil Nadu, India
Associated legal entities of Fego
Fego operates through Leap247 Finnovations 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 |
|---|---|---|---|---|---|---|---|
| Leap247 Finnovations Private Limited CIN U72900TN2020PTC136306 | Active | 11 Jul 2020 | Chennai, Tamil Nadu | ₹1.6 Cr | 21 | 2 | View details |
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 $1.72M
- Total Rounds 2
- Last Round Seed — $1.5M
- First Round $220,997
(Jul 2020)
- Investors Count 31
All 2 funding rounds of Fego 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 |
|---|---|---|---|---|---|
| Sep 2021 | $1.5M | Seed | $4.01M | 3one4 Capital, Saison Capital | |
| Jul 2020 | $220,997 | Seed | $4.78M | Andromeda Capital Advisors, Yogesh Suresh |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2021 | $4.01M | •••••••• |
| Jul 2020 | $4.78M | •••••••• |
Last known valuation $4.01M (Sep 2021). 32 investors in total: 12 institutional and 20 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology sectors like SaaS and Fintech in India. | 2016 | 3one4capital.com | Bengaluru, India | |
Venture capital firm focused on pre-seed to series B stage companies | saisoncapital.com | Singapore, Singapore | ||
Pre-seed startups are invested in by Eximius Ventures. | eximiusvc.com | Gurugram, India | ||
Early-stage investment and support services for startups in technology and e-commerce sectors. | 2018 | firstcheque.vc | Mumbai, India | |
Investing in deep tech startups with a focus on early-stage innovations in technology and engineering. | 2017 | specialeinvest.com | Bengaluru, India | |
Venture capital funding is provided to innovative startups in India. | qedinnovationlabs.tcc.mode | Mumbai, India | ||
Venture capital firm focused on multiple sectors | stargazergrowth.tcc.mode | Bengaluru, India | ||
Venture capital investments are managed by Nakrani Ventures. | nakraniventures.tcc.mode | |||
Auditing, assurance, tax, accounting, and M&A advisory services are provided. | qedcorp.co.in | Chennai, India | ||
Investments in tech startups are managed by OTP Ventures Partner. | otpventurepartner.tcc.mode | Gurugram, India |
Investor details for Fego
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 Leap247 Finnovations Private Limited (Fego)
Leap247 Finnovations Private Limited is the primary company behind Fego. The board of Leap247 Finnovations Private Limited currently have 2 directors; the longest-serving is Kumar Srivatsan, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kumar Srivatsan DIN 06935658 | Director | 11 Jul 2020 | 6 yrs 3 mo | Leap247 Finnovations Private Limited |
| Kumar Srikanthan DIN 08789269 | Director | 11 Jul 2020 | 6 yrs 3 mo | Leap247 Finnovations Private Limited |
People of Fego
3 people are tracked at Fego (1 in leadership, 2 in team); the tracked headcount is 21.
| Name | Role | Group |
|---|---|---|
Kumar Srikanthan S | Co-Founder | Leadership |
Shweta R | Associate Product Manager | Team |
Dwaraknath R | Business Analyst | Team |
Complete people profiles for Fego
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 Fego
Figures of Leap247 Finnovations Private Limited, the primary company behind Fego, for FY 2024. Revenue was ₹1.61 Cr (+1185% year on year). Net loss was -₹3.80 Cr (-237% margin). EBITDA was -₹3.28 Cr (-204% margin).
- ₹1.61 CrRevenue · FY 2024 · +1185% YoY
- -₹3.80 CrNet loss · -237% margin
- -₹3.28 CrEBITDA · -204% margin
- ₹1.4 LakhPaid-up capital
- 21Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Leap247 Finnovations Private Limited are on its company page.
Detailed financial statements for Fego
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 Fego
5 dated milestones of Fego across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Fego is founded.
- Funding First funding round of $221K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.5M.
- Exit Acquired by Perfios.
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
Related news about Fego
Complete news archive for Fego
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Fego
Fego was founded in 2020.
Fego is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
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 2020.
Fego has 21 employees.
The primary company behind Fego, Leap247 Finnovations Private Limited, reported revenue of ₹1.61 Cr for FY 2024, up 1185% year on year.
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.
Fego has 32 investors. Key investors include Perfios, 3one4 Capital, Speciale Invest, First Cheque, and Saison Capital.
The valuation of Fego is $4.01M as of Sep 2021.
Fego operates through Leap247 Finnovations Private Limited.
Yes. Fego was acquired by Perfios in September 2023.
The legal entities of Fego currently have 2 directors, including Kumar Srivatsan, Kumar Srikanthan.