About Finin
Finin is a company based in Bengaluru (India) founded in 2019 by Sudheer Maram, Siddardha Gandham, and Suman Gandham was acquired by Open in December 2021. Finin has raised $400.67 thousand across 1 funding round from investors including Angel List, Wellfound and Open. Finin operates in a competitive market with competitors including Niyo, Freo, Avail Finance, RapiPay and OneBanc Technologies, among others.
- Headquarter Bengaluru, India
- Founders Sudheer Maram, Siddardha Gandham, Suman Gandham
- Stage Minicorn
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Dinero Innovations Private Limited
- Date of Incorporation 20 May, 2019
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$229 K (USD)9531.6as on Mar 31, 2022
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Net Profit
$55.42 K (USD)166.55as on Mar 31, 2022
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EBITDA
$65.63 K (USD)178.47as on Mar 31, 2022
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Total Equity Funding
$400.67 K (USD)
in 1 rounds
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Latest Funding Round
$400.67 K (USD), Seed
Jul 20, 2020
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Investors
Angel List
& 6 more
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Employee Count
Not available
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Acquired by
Open
(Dec 14, 2021)
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Funding Insights of Finin
Finin has successfully raised a total of $400.67K through 1 strategic funding round. The most recent funding activity was a Seed round of $400.67 thousand completed in July 2020. 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.
Investors in Finin
Finin has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Wellfound and Open.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm offering seed funding and support to startups in technology and innovation sectors.
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Early-stage investments and mentoring services are conducted by Astir Ventures in various locations.
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Startup jobs are connected to individuals via a dedicated platform.
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Investor details for Finin
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Investments & Acquisitions by Finin
Investment portfolio details for Finin
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Financial Statements - Finin
Detailed financials for Finin
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Finin Comparisons
Peer comparison for Finin
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Competitors of Finin
Finin 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 Niyo, Freo, Avail Finance, RapiPay and OneBanc Technologies, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Online platform for wealth management
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Digital banking services are offered to individual users.
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Neobank for individuals
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Agent-based payment solutions for businesses are provided.
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AI-powered online banking solutions are integrated with HR workflows.
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Detailed competitors of Finin
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Latest news on Finin
Complete news archive for Finin
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Frequently Asked Questions about Finin
Finin was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Finin is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Suman Gandham is the current CEO of Finin. They have also founded this company.
Finin is a funded company, having raised a total of $400.67K across 1 funding round to date.
Annual revenue of Finin is $229K as on Mar 31, 2022.
Finin was founded in 2019 in Bengaluru, India, as a digital bank targeting individuals. Core operations focus on an app-based platform accessible on iOS and Android devices. Services encompass savings accounts, NFC-enabled debit cards for purchases, bill payments, investment options, money transfers, and AI-driven insights into save-spend patterns. The fintech sector is served through these streamlined financial tools.
Finin's top competitors include Freo, Niyo and OneBanc Technologies.
Finin has 7 investors. Key investors include Angel List, Wellfound, Open, Unicorn India Ventures, and Astir Ventures.
The valuation of Finin is $1.71M as of Jul 2020.