About FinAccess
FinAccess is a company based in San Francisco (United States) founded in 2018 by Barclay Paul Okari.. FinAccess has raised $525 thousand across 4 funding rounds from investors including HAVAIC, Katapult and Musha Ventures. The company has 13 employees as of December 31, 2022. FinAccess offers products and services including FinCore, Mango Engine, and GroBox. FinAccess operates in a competitive market with competitors including RADIUS GROUP HOLDINGS, Bankers Helping Bankers, OMB Bank, Bankmill Magic and BreachSiren, among others.
- Headquarter San Francisco, United States
- Employees 13 as on 31 Dec, 2022
- Founders Barclay Paul Okari
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$525 K (USD)
in 4 rounds
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Latest Funding Round
$500 K (USD), Seed
Aug 08, 2022
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Investors
HAVAIC
& 3 more
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Employee Count
13
as on Dec 31, 2022
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Products & Services of FinAccess
FinAccess offers a comprehensive portfolio of products and services, including FinCore, Mango Engine, and GroBox. 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.
Manages loans, bills, and accounts for microfinance operations remotely.
Facilitates mobile saving, borrowing, and tracking for social groups.
Monitors milk production to aid decision-making for cooperatives.
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Funding Insights of FinAccess
FinAccess has successfully raised a total of $525K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in August 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 4
- Last Round Seed — $500,000
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Seed - FinAccess | Valuation | HAVAIC |
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| Jun, 2020 | Amount | Seed - FinAccess | Valuation |
investors |
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| Mar, 2019 | Amount | Seed - FinAccess | 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 FinAccess
FinAccess has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include HAVAIC, Katapult and Musha Ventures. 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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Early-stage centric tech and energy focused VC firm investing in geographies such as South Africa
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Founded Year | Domain | Location | |
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Seed-stage tech investments are focused on Europe and the US.
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Founded Year | Domain | Location | |
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Investment consulting services are provided to guide client portfolios.
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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 FinAccess
| 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 - FinAccess
| 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 |
Finaccess Comparisons
Competitors of FinAccess
FinAccess 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 RADIUS GROUP HOLDINGS, Bankers Helping Bankers, OMB Bank, Bankmill Magic and BreachSiren, 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 |
Cloud-based software suites for community banks
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| domain | founded_year | HQ Location |
Community banking platform for collaboration, education, resource sharing, and partnerships among banks.
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| domain | founded_year | HQ Location |
Offers checking, savings, loans, digital banking for individuals and businesses.
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| domain | founded_year | HQ Location |
AI-powered banking solutions for secure transactions and user interfaces.
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| domain | founded_year | HQ Location |
Provides real-time breach monitoring for community banks and credit unions services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Finaccess
Frequently Asked Questions about FinAccess
When was FinAccess founded?
FinAccess was founded in 2018.
Where is FinAccess located?
FinAccess is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is FinAccess a funded company?
FinAccess is a funded company, having raised a total of $525K across 4 funding rounds to date. The company's 1st funding round was a Seed of $25K, raised on Sep 04, 2018.
How many employees does FinAccess have?
As of Dec 31, 2022, the latest employee count at FinAccess is 13.
What does FinAccess do?
FinAccess was founded in 2018 in San Francisco, United States, and operates in the fintech sector focused on micro-finance. A platform as a service is provided to micro-finance institutions, enabling integrations with mobile money for client deposits, withdrawals, and loan repayments. Debit cards linked to savings accounts are issued for ATM access, and a credit scoring engine is offered to support lending decisions.
Who are the top competitors of FinAccess?
FinAccess's top competitors include RADIUS GROUP HOLDINGS, Bankers Helping Bankers and OMB Bank.
What products or services does FinAccess offer?
FinAccess offers FinCore, Mango Engine, and GroBox.
Who are FinAccess's investors?
FinAccess has 4 investors. Key investors include HAVAIC, Katapult, Musha Ventures, and Change Com.