About Finchain
Finchain is a Financial Services company based in Bengaluru (India) founded in 2018 by Joseph Abraham and R Gupta. Invoice financing is provided using a proprietary credit score. Its Indian entity Phinchain Technologies Private Limited reported revenue of ₹4.6 Lakh. Finchain offers products and services including Finchain Score and Invoice Platform. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include GetUnion, Credore and Spathion; 1 of its 3 listed competitors has raised funding.
Company details
The fintech company Finchain was founded in 2018 in Bengaluru, India. Invoice financing is offered based on a proprietary credit score, with trade receivables used as collateral to support business funding. Creditworthiness is evaluated through a digital onboarding process, and credit limits are assigned. Invoices are uploaded by users, discount rates are specified, and approved funds are deposited directly into bank accounts. Blockchain technology is applied to secure all transactions.
- Headquarters Bengaluru, India
- Founders Joseph Abraham, R Gupta
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website finchain.co.in
- Social LinkedIn X Facebook
- Legal Name Phinchain Technologies Private Limited
- Date of Incorporation 03 Apr, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹4.6 Lakh
FY 2022
- Net Loss-₹16.1 Lakh
FY 2022 · -348% margin
- EBITDA-₹16.1 Lakh
FY 2022 · -348% margin
Associated legal entities of Finchain
Finchain operates through Phinchain Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Phinchain Technologies Private Limited CIN U93000KA2019PTC123132 | Active | 03 Apr 2019 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details |
Products & Services of Finchain
Finchain offers a comprehensive portfolio of products and services, including Finchain Score and Invoice Platform.
Assesses credit limits based on business data for funding
Enables invoice uploading and fast cash disbursements
Board of directors of Phinchain Technologies Private Limited (Finchain)
Phinchain Technologies Private Limited is the primary company behind Finchain. The board of Phinchain Technologies Private Limited currently have 2 directors; the longest-serving is Augustine Abraham, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Augustine Abraham DIN 08253537 | Whole-time director | 03 Apr 2019 | 7 yrs 7 mo | Phinchain Technologies Private Limited |
| Mukesh DIN 08562653 | Director | 15 Jul 2020 | 6 yrs 3 mo | Phinchain Technologies Private Limited |
People of Finchain
2 people are tracked at Finchain (2 in leadership).
| Name | Role | Group |
|---|---|---|
Joseph Abraham | Co-Founder | Leadership |
R Gupta | Co-Founder | Leadership |
Complete people profiles for Finchain
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Finchain
Figures of Phinchain Technologies Private Limited, the primary company behind Finchain, for FY 2022. Revenue was ₹4.6 Lakh. Net loss was -₹16.1 Lakh (-348% margin). EBITDA was -₹16.1 Lakh (-348% margin).
- ₹4.6 LakhRevenue · FY 2022
- -₹16.1 LakhNet loss · -348% margin
- -₹16.1 LakhEBITDA · -348% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Phinchain Technologies Private Limited are on its company page.
Detailed financial statements for Finchain
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
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Competitors of Finchain
Finchain has 3 listed competitors in our database, 1 of them funded. They include GetUnion, Credore and Spathion.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| getunion.io | 2018 | Mumbai, India | $2.21M | Blockchain-based bill discounting platform is provided for short-term investments. | ||
| credore.xyz | 2020 | Pune, India | Blockchain-based solutions for financial supply chain management are provided. | |||
| spathion.com | 2016 | Bengaluru, India | Operates a blockchain-enabled marketplace for invoice financing solutions. |
Detailed competitors of Finchain
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Top companies in Alternative Lending
3 companies that operate in the same segment as Finchain (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 185.7 M | 2,787 |
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Frequently Asked Questions about Finchain
Finchain was founded in 2018.
Finchain is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Finchain, Phinchain Technologies Private Limited, reported revenue of ₹4.6 Lakh for FY 2022.
The fintech company Finchain was founded in 2018 in Bengaluru, India. Invoice financing is offered based on a proprietary credit score, with trade receivables used as collateral to support business funding. Creditworthiness is evaluated through a digital onboarding process, and credit limits are assigned. Invoices are uploaded by users, discount rates are specified, and approved funds are deposited directly into bank accounts. Blockchain technology is applied to secure all transactions.
Finchain offers Finchain Score and Invoice Platform.
Finchain operates through Phinchain Technologies Private Limited.
The legal entities of Finchain currently have 2 directors, including Mukesh, Augustine Abraham.