About Finayo
Finayo is a Financial Services company based in Noida (India) founded in 2020 by Yogesh Prakash and Brajendra Singh Tomar. It operates as an electric vehicle financing is enabled through an AI-powered SaaS platform. Finayo has raised $2.04 million across 3 funding rounds from investors including iAngels, Choice and India Accelerator. Finayo was last valued at $1.51 million in February 2022. Its chief executive is Brajendra Singh Tomar. Its Indian entity Kilpi Technology And Services Private Limited reported revenue of ₹30.5 Lakh. Finayo offers products and services including Digital Loan App, FI-MEN, and EMI Calculator. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include RevFin, ProsParity and PerUse; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Noida, India
- Founders Yogesh Prakash, Brajendra Singh Tomar
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website finayo.tech
- Social LinkedIn X Facebook Instagram
- Legal Name Kilpi Technology And Services Private Limited
- Date of Incorporation 11 May, 2020
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹30.5 Lakh
FY 2024 · +454% YoY
- Net Loss-₹23.7 Lakh
FY 2024 · -78% margin
- EBITDA-₹14.9 Lakh
FY 2024 · -49% margin
- Total Equity Funding$2.04M (USD)
in 3 rounds
- Latest Funding Round$1.93M (USD), Seed
Dec 2023
- InvestorsiAngels
& 23 more
Associated legal entities of Finayo
Finayo operates through Kilpi Technology And Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Kilpi Technology And Services Private Limited CIN U72900HR2020PTC086225 | Active | 11 May 2020 | Gurgaon, Haryana | ₹0.3 Cr | – | 2 | View details |
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
Apps and channels of Finayo
Finayo publishes 1 mobile app with over 100 downloads.
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 $2.04M
- Total Rounds 3
- Last Round Seed — $1.93M
- First Round $65,589
(Feb 2022)
- Investors Count 24
All 3 funding rounds of Finayo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2023 | $1.93M | Seed | – | – | |
| May 2023 | $46,779 | Seed | – | iAngels | |
| Feb 2022 | $65,589 | Seed | $1.51M | India Accelerator |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2022 | $1.51M | •••••••• |
Last known valuation $1.51M (Feb 2022). 24 investors in total: 8 institutional and 16 angel.
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 |
|---|---|---|---|---|
Startup acceleration, funding, and mentorship services are delivered by India Accelerator. | 2017 | indiaaccelerator.co | Gurugram, India | |
Venture capital firm focused on tech startups | – | decemvisionesventures.tcc.mode | Gurugram, India | |
Merchant banking, financial consulting, and securities management services are provided. | 1993 | fmecinternational.com | Delhi, India | |
A full-service stockbroker offering diverse investment options in India. | 1992 | choiceindia.com | Mumbai, India | |
Investors are connected to tech startups through a fundraising platform. | 2014 | iangels.com | Tel Aviv, Israel | |
Provides outsourced CMO hiring for cost-effective marketing and business expansion. | 2016 | outsourcedcmo.in | - | |
- | – | rudrakshventures.tcc.mode | - | |
Mobile applications are developed and maintained by App Works Technologies. | 2007 | appworkstechnologies.com | Bhopal, India | |
MK Manish Kumar Sukhlal | - | – | unknown_cc7a1f4fdc094a749 | - |
MS Mona Singh | Angel investor focusing on early-stage Indian startups in tech and consumer sectors. | – | unknown_c8c795acb8a74b73b | - |
Investor details for Finayo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Kilpi Technology And Services Private Limited (Finayo)
Kilpi Technology And Services Private Limited is the primary company behind Finayo. The board of Kilpi Technology And Services Private Limited currently have 2 directors; the longest-serving is Brajendra Singh Tomar, appointed in 2020. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Brajendra Singh Tomar DIN 08095357 | Director | 05 Oct 2020 | 6 yrs | Kilpi Technology And Services Private Limited |
| Yogesh Prakash DIN 03574284 | Director | 01 Nov 2022 | 3 yrs 11 mo | Kilpi Technology And Services Private Limited |
People of Finayo
2 people are tracked at Finayo (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CAO | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Finayo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Finayo
Figures of Kilpi Technology And Services Private Limited, the primary company behind Finayo, for FY 2024. Revenue was ₹30.5 Lakh (+454% year on year). Net loss was -₹23.7 Lakh (-78% margin). EBITDA was -₹14.9 Lakh (-49% margin).
- ₹30.5 LakhRevenue · FY 2024 · +454% YoY
- -₹23.7 LakhNet loss · -78% margin
- -₹14.9 LakhEBITDA · -49% margin
- ₹1.1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Kilpi Technology And Services Private Limited are on its company page.
Detailed financial statements for Finayo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Finayo
4 dated milestones of Finayo across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Finayo is founded.
- Funding First funding round of $66K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.9M.
Competitors of Finayo
Finayo has 3 listed competitors in our database, 2 of them funded. They include RevFin, ProsParity and PerUse, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| revfin.in | 2018 | Delhi, India | $30.28M | 114 | Provider of an internet-first lender for EV financing services | |
| prosparity.in | 2023 | Mumbai, India | $2M | 25 | A digital lending platform for electric vehicle financing is provided. | |
| peruse.co.in | 2021 | Gurugram, India | – | – | EV financing solutions are provided via an online platform. |
Detailed competitors of Finayo
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Top companies in Alternative Lending
10 companies that operate in the same segment as Finayo (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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Related news about Finayo
Complete news archive for Finayo
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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 2022.
The primary company behind Finayo, Kilpi Technology And Services Private Limited, reported revenue of ₹30.5 Lakh for FY 2024, up 454% year on year.
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.
Finayo operates through Kilpi Technology And Services Private Limited.
The legal entities of Finayo currently have 2 directors, including Yogesh Prakash, Brajendra Singh Tomar.