About Fincare Small Finance Bank
Fincare Small Finance Bank is a company based in Bengaluru (India) founded in 2007.. Fincare Small Finance Bank has raised $174.84 million across 9 funding rounds from investors including Motilal Oswal, HDFC Bank and Care Health Insurance. The company has 15,101 employees as of May 10, 2024. Fincare Small Finance Bank has completed 1 acquisition, including Future Financial Services. Fincare Small Finance Bank operates in a competitive market with competitors including Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Utkarsh Bank and ESAF, among others.
- Headquarter Bengaluru, India
- Employees 15101 as on 10 May, 2024
- 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
*********
- Legal Name Fincare Small Finance Bank Limited
- Date of Incorporation 05 Apr, 1995
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$0 (USD)0as on Mar 31, 2023
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EBITDA
$0 (USD)0as on Mar 31, 2023
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Total Equity Funding
$174.84 M (USD)
in 9 rounds
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Latest Funding Round
$22.69 M (USD), Series D
Apr 26, 2021
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Investors
Motilal Oswal
& 28 more
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Employee Count
15101
as on May 10, 2024
- Investments & Acquisitions
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Funding Insights of Fincare Small Finance Bank
Fincare Small Finance Bank has successfully raised a total of $174.84M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $22.69 million completed in April 2021. 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 9
- Last Round Series D — $22.7M
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First Round
First Round
(25 Oct 2010)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series D - Fincare Small Finance Bank | Valuation | True North , Wagner | |
| Dec, 2019 | Amount | Series C - Fincare Small Finance Bank | Valuation | True North , Lok Management |
|
| Aug, 2018 | Amount | Series C - Fincare Small Finance Bank | Valuation | Lok Management |
True North
,
TA
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| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fincare Small Finance Bank
Fincare Small Finance Bank has secured backing from 29 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Motilal Oswal, HDFC Bank and Care Health Insurance. 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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Private equity fund focused on banking, finance, healthcare, and multiple sectors
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Founded Year | Domain | Location | |
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Private equity is invested by True North in mid-market companies.
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Founded Year | Domain | Location | |
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Investment fund managing portfolios in sectors like finance, logistics, and engineering in India.
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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
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Fincare Small Finance Bank
Fincare Small Finance Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Future Financial Services. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Microfinance services are offered in South India.
|
2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Fincare Small Finance Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fincare Small Finance Bank Comparisons
Competitors of Fincare Small Finance Bank
Fincare Small Finance Bank 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 Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Utkarsh Bank and ESAF, 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 |
Small finance services are extended to underserved segments in India.
|
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| domain | founded_year | HQ Location |
Microfinance bank
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| domain | founded_year | HQ Location |
Collateralised loans for commercial vehicles are extended to rural entrepreneurs.
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| domain | founded_year | HQ Location |
Small finance bank
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| domain | founded_year | HQ Location |
Microfinance banking services are offered in India by ESAF.
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| domain | founded_year | HQ Location |
Small finance bank
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Fincare Small Finance Bank
Frequently Asked Questions about Fincare Small Finance Bank
When was Fincare Small Finance Bank founded?
Fincare Small Finance Bank was founded in 2007 and raised its 1st funding round 3 years after it was founded.
Where is Fincare Small Finance Bank located?
Fincare Small Finance Bank is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Fincare Small Finance Bank a funded company?
Fincare Small Finance Bank is a funded company, having raised a total of $174.84M across 9 funding rounds to date. The company's 1st funding round was a Series C of $31.19M, raised on Oct 25, 2010.
How many employees does Fincare Small Finance Bank have?
As of May 10, 2024, the latest employee count at Fincare Small Finance Bank is 15,101.
What does Fincare Small Finance Bank do?
Fincare Small Finance Bank was established in 2007 in Bengaluru, India, within the banking sector. Operations center on small finance activities, including micro-loans, savings accounts, and deposit schemes aimed at underserved rural and semi-urban populations. Financial inclusion is supported through accessible banking products and digital platforms. The bank maintains a presence in various Indian states, with regulatory compliance under small finance bank guidelines.
Who are the top competitors of Fincare Small Finance Bank?
Fincare Small Finance Bank's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and ESAF.
How many acquisitions has Fincare Small Finance Bank made?
Fincare Small Finance Bank has made 1 acquisition, including Future Financial Services.
Who are Fincare Small Finance Bank's investors?
Fincare Small Finance Bank has 29 investors. Key investors include Motilal Oswal, HDFC Bank, Care Health Insurance, Omaze, and LeapFrog Investments.
What is Fincare Small Finance Bank's valuation?
The valuation of Fincare Small Finance Bank is $167.79M as of Apr 2021.
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