About Fincent
Fincent is a company based in Fremont (United States) founded in 2020 by Gaurav Soni and Hrush Bhatt.. Fincent has raised $6 million across 1 funding round from investors including Accel. The company has 75 employees as of April 07, 2024. Fincent offers products and services including Bookkeeping Service, Invoicing and Billing, and Tax Support. Fincent operates in a competitive market with competitors including FastSpring, inDinero, Contabilizei, Pilot and Consero Global, among others.
- Headquarter Fremont, United States
- Employees 75 as on 07 Apr, 2024
- Founders Gaurav Soni, Hrush Bhatt
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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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- Legal Name Fincent Software Services Private Limited
- Date of Incorporation 11 Nov, 2020
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$2.02 M (USD)77.11as on Mar 31, 2023
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Net Profit
$201.08 K (USD)69.91as on Mar 31, 2023
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EBITDA
$291.67 K (USD)89.29as on Mar 31, 2023
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Total Equity Funding
$6 M (USD)
in 1 rounds
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Latest Funding Round
$6 M (USD), Series A
Jan 01, 2022
- Investors
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Employee Count
75
as on Apr 07, 2024
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Products & Services of Fincent
Fincent offers a comprehensive portfolio of products and services, including Bookkeeping Service, Invoicing and Billing, and Tax Support. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for automated and human-assisted bookkeeping tasks.
Tools for creating invoices and managing payments efficiently.
Assistance with tax filing and IRS compliance for businesses.
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Funding Insights of Fincent
Fincent has successfully raised a total of $6M through 1 strategic funding round. The most recent funding activity was a Series A round of $6 million completed in January 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 1
- Last Round Series A — $6.0M
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First Round
First Round
(01 Jan 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series A - Fincent | Valuation | Accel |
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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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fincent
Fincent has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Accel. 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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Accel is recognized as a leading venture capital firm.
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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
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fincent
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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.
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2016 |
Financial Statements - Fincent
| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fincent Comparisons
Competitors of Fincent
Fincent 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 FastSpring, inDinero, Contabilizei, Pilot and Consero Global, 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 |
Cloud-based subscription management and tax collection solutions are provided.
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| domain | founded_year | HQ Location |
Financial Management Software with Services for SMBs
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| domain | founded_year | HQ Location |
Online accounting and tax services are provided for small businesses.
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| domain | founded_year | HQ Location |
Bookkeeping services are provided for small and medium-sized businesses.
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| domain | founded_year | HQ Location |
Online financial management and accounting services are offered to businesses.
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| domain | founded_year | HQ Location |
Platform offering business incorporation solution
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Fincent
When was Fincent founded?
Fincent was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Fincent located?
Fincent is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
Who is the current CEO of Fincent?
Hrush Bhatt is the current CEO of Fincent. They have also founded this company.
Is Fincent a funded company?
Fincent is a funded company, having raised a total of $6M across 1 funding round to date. The company's 1st funding round was a Series A of $6M, raised on Jan 01, 2022.
How many employees does Fincent have?
As of Apr 07, 2024, the latest employee count at Fincent is 75.
What is the annual revenue of Fincent?
Annual revenue of Fincent is $2.02M as on Mar 31, 2023.
What does Fincent do?
Fincent was founded in 2020 in Fremont, United States, within the financial services sector. Online bookkeeping is offered to small businesses, with full outsourcing of tax filing processes for S-Corps, LLCs, and other entities. Forms are prepared, reviewed, and verified by professionals prior to client signing, ensuring compliance across operations.
Who are the top competitors of Fincent?
Fincent's top competitors include Contabilizei, Pilot and Sleek.
What products or services does Fincent offer?
Fincent offers Bookkeeping Service, Invoicing and Billing, and Tax Support.
Who are Fincent's investors?
Fincent has 1 investor. Key investors include Accel.
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