About Finaxar
Finaxar is a company based in Singapore (Singapore) founded in 2016 by Sian Wee Tan. The company has 6 employees. Finaxar operates in a competitive market with competitors including Greensill, GE Capital, Place Technology, Calqulate and Hong Leong Finance, among others.
- Headquarter Singapore, Singapore
- Employees 6
- Founders Sian Wee Tan
- SectorsFinancial ServicesTechnology
- Website finaxar.com
- Social LinkedIn Facebook
- Legal Name Finaxar Technology Solutions Private Limited
- Date of Incorporation 10 Sep, 2018
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹2.21 Cr
FY 2024 · -51% YoY
- Net Loss-₹9.8 Lakh
FY 2024 · -4% margin
- EBITDA-₹9.2 Lakh
FY 2024 · -4% margin
- Employee Count6
Associated legal entities of Finaxar
Finaxar operates through Finaxar Technology Solutions Private Limited (dissolved under section 59(8)). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Finaxar Technology Solutions Private Limited CIN U74999MH2018FTC313820 | Dissolved Under Section 59(8) | 10 Sep 2018 | Mumbai, Maharashtra | ₹2.2 Cr | 6 | 2 | View details |
Board of directors of Finaxar Technology Solutions Private Limited (Finaxar)
Finaxar Technology Solutions Private Limited is the primary company behind Finaxar. The board of Finaxar Technology Solutions Private Limited currently have 2 directors; the longest-serving is Amit Prakash Nerurkar, appointed in 2021. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amit Prakash Nerurkar DIN 09242216 | Director | 10 Aug 2021 | 5 yrs 2 mo | Finaxar Technology Solutions Private Limited |
| Shubham Gupta DIN 10661465 | Director | 08 Jun 2024 | 2 yrs 4 mo | Finaxar Technology Solutions Private Limited |
People of Finaxar
1 people are tracked at Finaxar (1 in leadership); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Finaxar
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Financials of Finaxar
Figures of Finaxar Technology Solutions Private Limited, the primary company behind Finaxar, for FY 2024. Revenue was ₹2.21 Cr (-51% year on year). Net loss was -₹9.8 Lakh (-4% margin). EBITDA was -₹9.2 Lakh (-4% margin). Revenue has grown at a compounded annual rate of -15% over three years and +1591% over five years.
- ₹2.21 CrRevenue · FY 2024 · -51% YoY
- -₹9.8 LakhNet loss · -4% margin
- -₹9.2 LakhEBITDA · -4% margin
- ₹1.00 CrPaid-up capital
- 6Employees (provident fund records)
- -15%Revenue CAGR, 3 years
- +1591%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Finaxar Technology Solutions Private Limited are on its company page.
Detailed financial statements for Finaxar
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Competitors of Finaxar
Finaxar 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 Greensill, GE Capital, Place Technology, Calqulate and Hong Leong Finance, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| greensill.com | 2011 | London, United Kingdom | $1.71B | 67 | Working capital loans are provided through financial market mechanisms. | |
| gecapital.com | 1932 | United States | – | 125,000 | Commercial aircraft and equipment leasing and lending services are provided. | |
| placetechnology.com | 2018 | Austin, United States | $8.93M | 8 | Cloud-based financial planning and forecasting software for businesses | |
| calqulate.io | 2019 | Helsinki, Finland | $1.82M | – | Cloud-based financial forecasting and budgeting software is offered for businesses. | |
| hlf.com.sg | 1961 | Singapore | – | – | Financial services are provided by Hong Leong Finance in Singapore. | |
| carabaocapital.com | 2015 | Singapore | – | – | Provides comprehensive solutions for diversified SME loans. |
Detailed competitors of Finaxar
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Latest news on Finaxar
Complete news archive for Finaxar
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Similar companies to Finaxar
10 companies that operate in the same segment as Finaxar (Consumer and SME Loans), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Synchrony is engaged in providing credit cards and banking services. | 1993 | Salem, United States | USD 25 M | USD 19.12 B | 20,000 | |
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | – | USD 1.9 B | 36,520 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | – | USD 15.24 B | 126 | |
Household and business loans are provided with risk management support. | 2006 | Chennai, Tamil Nadu, India | USD 283.47 M | USD 288.73 M | 1,100 | |
Online gold, home, personal, and business loans are provided. | 1995 | Mumbai, Maharashtra, India | – | USD 1.38 B | 38,720 | |
An online lending platform for point-of-sale financing is provided. | 2013 | Bengaluru, Karnataka, India | USD 205.92 M | USD 3.93 M | 499 | |
Housing loans are extended to middle-income households in India. | 2010 | Gurugram, Haryana, India | USD 111.02 M | USD 162.86 M | 3,820 |
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Frequently Asked Questions about Finaxar
Finaxar was founded in 2016.
Finaxar is headquartered in Singapore, Singapore.
Finaxar has 6 employees.
The primary company behind Finaxar, Finaxar Technology Solutions Private Limited, reported revenue of ₹2.21 Cr for FY 2024, down 51% year on year.
Finaxar was established in 2016 in Singapore, with a focus on the fintech sector. Accounting solutions tailored for small and medium-sized enterprises are being developed. Operations remain in stealth mode as of January 2017, and specific product details have not been disclosed. The company is led by co-founder Sian Wee Tan, and activities are centered in Singapore.
Finaxar's top competitors include Greensill, GE Capital and Hong Leong Finance.
Finaxar operates through Finaxar Technology Solutions Private Limited.
The legal entities of Finaxar currently have 2 directors, including Amit Prakash Nerurkar, Shubham Gupta.