About Fin
Fin is a company based in Moka (Mauritius) founded in 2018. It operates as a FinTech. Fin has raised $22 million across 5 funding rounds from investors including Lendable, Andela and Acasia. Fin has completed 1 acquisition, including Thuthukani Financial Services. Fin offers products and services including Credit Solutions, Savings Products, and Insurance Services.
- Headquarter Moka, Mauritius
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fin Group Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22 M (USD)
in 5 rounds
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Latest Funding Round
$2 M (USD), Seed
Dec 09, 2022
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Investors
Lendable
& 12 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Fin
Fin offers a comprehensive portfolio of products and services, including Credit Solutions, Savings Products, and Insurance Services. 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.
Credit solutions are provided for accessible financial support.
Savings products are offered to encourage financial security.
Insurance services are delivered for risk protection needs.
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Funding Insights of Fin
Fin has successfully raised a total of $22M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in December 2022. 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 5
- Last Round Seed — $2.0M
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First Round
First Round
(18 Sep 2021)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Seed - Fin | Valuation | Leonard Stiegeler | |
| May, 2022 | Amount | Seed - Fin | Valuation | Acasia |
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| Jan, 2022 | Amount | Seed - Fin | Valuation |
investors |
| 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 Fin
Fin has secured backing from 13 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Lendable, Andela and Acasia. 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 fund investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Personal loans are enabled via an online P2P marketplace.
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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 Fin
Fin has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Thuthukani Financial Services. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Home loans are provided to clients in South Africa.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fin
| 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 |
Fin Comparisons
Competitors of Fin
| 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 Fin
Frequently Asked Questions about Fin
When was Fin founded?
Fin was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Fin located?
Fin is headquartered in Moka, Mauritius.
Is Fin a funded company?
Fin is a funded company, having raised a total of $22M across 5 funding rounds to date. The company's 1st funding round was a Seed of $20M, raised on Sep 18, 2021.
What does Fin do?
Fin is established as a fintech entity providing accessible financial solutions such as credit, savings, and insurance across multiple African countries. Operations are conducted with a focus on speed, convenience, and reliability. Partnerships are maintained to enhance service delivery in the financial sector. A presence is sustained in South Africa, Kenya, and Tanzania, with headquarters located in Ebene, Mauritius.
What products or services does Fin offer?
Fin offers Credit Solutions, Savings Products, and Insurance Services.
How many acquisitions has Fin made?
Fin has made 1 acquisition, including Thuthukani Financial Services.
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