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
***********
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Phone
*********
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Website
*********
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Social
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- 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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $400,668
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First Round
First Round
(20 Jul 2020)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Seed - Finin | Valuation | Unicorn India Ventures |
| 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 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. 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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Venture capital firm offering seed funding and support to startups in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Early-stage investments and mentoring services are conducted by Astir Ventures in various locations.
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Founded Year | Domain | Location | |
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Startup jobs are connected to individuals via a dedicated platform.
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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 Finin
| 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 - Finin
| 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 |
Finin Comparisons
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. 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 |
Online platform for wealth management
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| domain | founded_year | HQ Location |
Digital banking services are offered to individual users.
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| domain | founded_year | HQ Location |
Neobank for individuals
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| domain | founded_year | HQ Location |
Agent-based payment solutions for businesses are provided.
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| domain | founded_year | HQ Location |
AI-powered online banking solutions are integrated with HR workflows.
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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 Finin
Frequently Asked Questions about Finin
When was Finin founded?
Finin was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Finin located?
Finin is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Finin?
Suman Gandham is the current CEO of Finin. They have also founded this company.
Is Finin a funded company?
Finin is a funded company, having raised a total of $400.67K across 1 funding round to date. The company's 1st funding round was a Seed of $400.67K, raised on Jul 20, 2020.
What is the annual revenue of Finin?
Annual revenue of Finin is $229K as on Mar 31, 2022.
What does Finin do?
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.
Who are the top competitors of Finin?
Finin's top competitors include Freo, Niyo and OneBanc Technologies.
Who are Finin's investors?
Finin has 7 investors. Key investors include Angel List, Wellfound, Open, Unicorn India Ventures, and Astir Ventures.
What is Finin's valuation?
The valuation of Finin is $1.71M as of Jul 2020.