About Finbingo
Finbingo is a company based in Mumbai (India) founded in 2017 by Samir Jayaswal and Sujit Bangar. Finbingo has raised $3.72 million across 3 funding rounds from investors including Systematix, Mangal Keshav and S A Trading. The company has 58 employees as of July 31, 2024. Finbingo offers products and services including Wealth Builder, Tax Planner, Portfolio Doctor, Direct Mutual Fund Investments, and National Pension Scheme. Finbingo operates in a competitive market with competitors including Kristal, Wahed, FundExpert, Elever and Orowealth, among others.
- Headquarter Mumbai, India
- Employees 58 as on 31 Jul, 2024
- Founders Samir Jayaswal, Sujit Bangar
- Stage Minicorn
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
$1.34 M (USD)171as on Mar 31, 2024
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Net Profit
-$2.42 M (USD)10as on Mar 31, 2024
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EBITDA
-$2.26 M (USD)12as on Mar 31, 2024
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Total Equity Funding
$3.72 M (USD)
in 3 rounds
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Latest Funding Round
$2.31 M (USD), Series A
Apr 09, 2022
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Investors
Systematix
& 31 more
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Employee Count
58
as on Jul 31, 2024
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Products & Services of Finbingo
Finbingo offers a comprehensive portfolio of products and services, including Wealth Builder, Tax Planner, Portfolio Doctor, Direct Mutual Fund Investments, and National Pension Scheme.
Offers customized investment advice based on past investments and future goals.
Provides in-depth reports to reduce customer tax liability up to 26%.
Ranks and analyzes customer portfolios in minutes for quick insights.
Enables zero-commission mutual fund investments for customers.
Integrates retirement planning seamlessly into business platforms.
Funding Insights of Finbingo
Finbingo has successfully raised a total of $3.72M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.31 million completed in April 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 3
- Last Round Series A — $2.3M
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First Round
First Round
(27 Oct 2020)
- Investors Count 32
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series A - Finbingo | Valuation | Zenith Group | |
| Oct, 2021 | Amount | Seed - Finbingo | Valuation |
investors |
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| Oct, 2020 | Amount | Seed - Finbingo | Valuation | Zenith Group |
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Investors in Finbingo
Finbingo has secured backing from 32 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Systematix, Mangal Keshav and S A Trading.
| Investor | Description | Founded Year | Domain | Location |
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Private equity is directed toward multiple sectors by the firm.
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Founded Year | Domain | Location | |
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Stock brokerage services are provided to investors in India.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
Investments & Acquisitions by Finbingo
Financial Statements - Finbingo
Finbingo Comparisons
Competitors of Finbingo
Finbingo 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 Kristal, Wahed, FundExpert, Elever and Orowealth, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-based asset management is offered for individual investors.
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| domain | founded_year | HQ Location |
Shariah-compliant investments and savings are offered to individuals.
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| domain | founded_year | HQ Location |
Automated mutual fund investing platform
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| domain | founded_year | HQ Location |
Goal-based investments are enabled via an app-based platform.
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| domain | founded_year | HQ Location |
Platform for alternative asset and mutual fund investments is provided.
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| domain | founded_year | HQ Location |
Goal-based investing platform
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Latest news on Finbingo
Frequently Asked Questions about Finbingo
Finbingo was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Finbingo is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Finbingo is a funded company, having raised a total of $3.72M across 3 funding rounds to date. The company's 1st funding round was a Seed of $541.05K, raised on Oct 27, 2020.
As of Jul 31, 2024, the latest employee count at Finbingo is 58.
Annual revenue of Finbingo is $1.34M as on Mar 31, 2024.
Finbingo was founded in 2017 in Mumbai, India, as an AI-driven platform in the fintech sector. Financial advisory services are delivered through robo-advisory tools, including Finbingo Wealth Builder for wealth aggregation and planning, Finbingo Tax Planner for tax optimization, and Financial Life Goals for personalized future assessments. Research tools for mutual funds, tax-efficient savings, and goal-based investments are also offered to users.
Finbingo's top competitors include Kristal, Wahed and FundExpert.
Finbingo offers Wealth Builder, Tax Planner, Portfolio Doctor, Direct Mutual Fund Investments, and National Pension Scheme.
Finbingo has 32 investors. Key investors include Systematix, Mangal Keshav, S A Trading, Zenith Global, and Mansun Consultancy.
The valuation of Finbingo is $38.47M as of Apr 2022.