About Finayo
Finayo is a company based in Noida (India) founded in 2020 by Yogesh Prakash and Brajendra Singh Tomar. Finayo has raised $2.04 million across 3 funding rounds from investors including iAngels, Choice and India Accelerator. Finayo offers products and services including Digital Loan App, FI-MEN, and EMI Calculator. Finayo operates in a competitive market with competitors including RevFin, ProsParity and PerUse, among others.
- Headquarter Noida, India
- Founders Yogesh Prakash, Brajendra Singh Tomar
- 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 Kilpi Technology And Services Private Limited
- Date of Incorporation 11 May, 2020
- Jurisdiction Dlf Qe, Haryana, India
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Annual Revenue
$3.21 K (USD)0as on Mar 31, 2022
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Net Profit
-$7.98 K (USD)-559.67as on Mar 31, 2022
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EBITDA
-$9.77 K (USD)-707.98as on Mar 31, 2022
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Total Equity Funding
$2.04 M (USD)
in 3 rounds
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Latest Funding Round
$1.93 M (USD), Seed
Dec 18, 2023
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Investors
iAngels
& 23 more
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Employee Count
Employee Count
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Products & Services of Finayo
Finayo offers a comprehensive portfolio of products and services, including Digital Loan App, FI-MEN, and EMI Calculator.
App for quick EV loan applications and approvals
Tool for asset assessment and loan recommendations
Utility for calculating loan repayments and costs
Funding Insights of Finayo
Finayo has successfully raised a total of $2.04M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.93 million completed in December 2023. 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 3
- Last Round Seed — $1.9M
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First Round
First Round
(03 Feb 2022)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Seed - Finayo | Valuation |
investors |
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| May, 2023 | Amount | Seed - Finayo | Valuation | iAngels | |
| Feb, 2022 | Amount | Seed - Finayo | Valuation | India Accelerator |
Investors in Finayo
Finayo has secured backing from 24 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include iAngels, Choice and India Accelerator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Startup acceleration, funding, and mentorship services are delivered by India Accelerator.
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech startups
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Founded Year | Domain | Location | |
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Merchant banking, financial consulting, and securities management services are provided.
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Founded Year | Domain | Location |
Investments & Acquisitions by Finayo
Financial Statements - Finayo
Finayo Comparisons
Competitors of Finayo
Finayo 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 RevFin, ProsParity and PerUse, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of an internet-first lender for EV financing services
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| domain | founded_year | HQ Location |
A digital lending platform for electric vehicle financing is provided.
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| domain | founded_year | HQ Location |
EV financing solutions are provided via an online platform.
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Frequently Asked Questions about Finayo
Finayo was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Finayo is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Brajendra Singh Tomar is the current CEO of Finayo. They have also founded this company.
Finayo is a funded company, having raised a total of $2.04M across 3 funding rounds to date. The company's 1st funding round was a Seed of $65.59K, raised on Feb 03, 2022.
Annual revenue of Finayo is $3.21K as on Mar 31, 2022.
Finayo was established in 2020 in Noida, India, as an AI-enabled SaaS platform in the fintech sector focused on electric vehicles. Lenders, equipment manufacturers, and dealers are connected with customers seeking financing. The full loan lifecyclefrom origination and disbursement to collection, repossession, and resaleis automated to streamline approvals and options. Operations are centered on facilitating efficient transactions in the EV financing market.
Finayo's top competitors include RevFin, ProsParity and PerUse.
Finayo offers Digital Loan App, FI-MEN, and EMI Calculator.
Finayo has 24 investors. Key investors include iAngels, Choice, India Accelerator, App Works Technologies, and F Mec International Financial Services.
The valuation of Finayo is $1.51M as of Feb 2022.