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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People of Fego
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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.
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 |
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Venture capital investments in technology sectors like SaaS and Fintech in India.
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Venture capital firm focused on pre-seed to series B stage companies
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Pre-seed startups are invested in by Eximius Ventures.
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Investor details for Fego
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Investments & Acquisitions by Fego
Investment portfolio details for Fego
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Financial Statements - Fego
Detailed financials for Fego
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Fego Comparisons
Peer comparison for Fego
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Developer of cloud-based financial analysis and forecasting solutions for small and medium businesses
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Open banking APIs for payments and data access are provided.
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Cloud-based data aggregation and analytics for financial institutions are offered.
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Bud Financial is focused on transforming transaction data into actionable insights for financial institutions.
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API-enabled debt repayment tools are provided for financial services.
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open banking API solutions
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Detailed competitors of Fego
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Latest news on Fego
Complete news archive for Fego
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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.
As of Apr 08, 2024, the latest employee count at Fego is 21.
Annual revenue of Fego is $15.02K as on Mar 31, 2023.
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.