About Finizon
Finizon is a company based in Mumbai (India) founded in 2020 by Sourabh Kumar and Tarun Taneja. Finizon has raised $161.73 thousand across 1 funding round from investors including Ashish Mehrotra, Alpana Mehrotra and Sourabh Kumar. Finizon operates in a competitive market with competitors including Toffee Insurance, IDBI Federal, Trovity, Kumar Investment Solutions and RAP INFOSYSTEMS, among others.
- Headquarter Mumbai, India
- Founders Sourabh Kumar, Tarun Taneja
- SectorsFinancial Services
- Email••••••••
- Website finizon.com
- Social LinkedIn X Facebook
- Total Equity Funding$161.73K (USD)
in 1 rounds
- Latest Funding Round$161.73K (USD), Angel Round
Aug 2021
Associated legal entities of Finizon
Finizon is associated with 4 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Aapt Investment Advisors Private Limited CIN U67100MH2020PTC352564 | Active | 25 Dec 2020 | Mumbai, Maharashtra | – | – | 3 | View details |
| Aapt Fintech Private Limited CIN U67190MH2020PTC349273 | Active | 02 Nov 2020 | Mumbai, Maharashtra | ₹1.0 Cr | – | 3 | View details |
| Aapt Holdings Private Limited CIN U67190MH2020PTC345701 | Active | 10 Sep 2020 | Mumbai, Maharashtra | ₹22.9 Cr | 63 | 5 | View details |
| Aapt Insurance Brokers Private Limited CIN U66000MH2020PTC352473 | Active | 24 Dec 2020 | Mumbai, Maharashtra | ₹21.9 Cr | 63 | 4 | View details |
Funding Insights of Finizon
Finizon has successfully raised a total of $161.73K through 1 strategic funding round. The most recent funding activity was a Angel Round of $161.73 thousand completed in August 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 $161,734
- Total Rounds 1
- Last Round Angel Round — $161,734
- First Round $161,734
(Aug 2021)
- Investors Count 3
All 1 funding rounds of Finizon with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2021 | $161,734 | Angel Round | $202,339 | Ashish Mehrotra, Alpana Mehrotra |
Last known valuation $202,339 (Aug 2021). 3 investors in total: 0 institutional and 3 angel.
Investors in Finizon
Finizon has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Ashish Mehrotra, Alpana Mehrotra and Sourabh Kumar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AM Ashish Mehrotra | Angel investor, ex-MD Northern Trust, focused on fintech and tech startups | – | unknown_7306bb6b3666476e9 | - |
AM Alpana Mehrotra | - | – | unknown_c5bc68d4c4294194b | - |
SK Sourabh Kumar | Co-founder of PharmEasy, active angel investor in Indian startups | – | unknown_67fdd0ca97ae4aeb9 | - |
Investor details for Finizon
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Finizon
The boards of the 4 registered companies of Finizon currently have 6 directors; the longest-serving is Ashish Mehrotra, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashish Mehrotra DIN 07277318 | Director | 24 Dec 2020 | 5 yrs 9 mo | Aapt Insurance Brokers Private Limited, Aapt Investment Advisors Private Limited, Aapt Holdings Private Limited, Aapt Fintech Private Limited |
| Sourabh Kumar DIN 08871876 | Director | 24 Dec 2020 | 5 yrs 9 mo | Aapt Insurance Brokers Private Limited, Aapt Investment Advisors Private Limited, Aapt Holdings Private Limited, Aapt Fintech Private Limited |
| Tarun Taneja DIN 09008441 | Director | 24 Dec 2020 | 5 yrs 9 mo | Aapt Insurance Brokers Private Limited, Aapt Holdings Private Limited, Aapt Fintech Private Limited |
| Jaya Singh DIN 09010268 | Director | 25 Dec 2020 | 5 yrs 9 mo | Aapt Investment Advisors Private Limited |
| Priyank Sapra DIN 10558409 | Additional Director | 22 Mar 2024 | 2 yrs 6 mo | Aapt Insurance Brokers Private Limited, Aapt Holdings Private Limited |
| Murtuza Shabbir Arsiwala DIN 01249336 | Additional Director | 04 Sep 2024 | 2 yrs 1 mo | Aapt Holdings Private Limited |
People of Finizon
2 people are tracked at Finizon (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Finizon
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 Finizon
Figures of Aapt Insurance Brokers Private Limited, the primary company behind Finizon, for FY 2025. Revenue was ₹21.89 Cr (-56% year on year). Net loss was -₹2.63 Cr (-12% margin). EBITDA was -₹3.12 Cr (-14% margin).
- ₹21.89 CrRevenue · FY 2025 · -56% YoY
- -₹2.63 CrNet loss · -12% margin
- -₹3.12 CrEBITDA · -14% margin
- ₹1.10 CrPaid-up capital
- 63Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Aapt Insurance Brokers Private Limited are on its company page.
Detailed financial statements for Finizon
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
Verified entity values are shown only after access is granted.
Timeline of Finizon
2 dated milestones of Finizon across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Finizon is founded.
- Funding First funding round of $162K.
Competitors of Finizon
Finizon 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 Toffee Insurance, IDBI Federal, Trovity, Kumar Investment Solutions and RAP INFOSYSTEMS, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| toffcover.in | 2017 | Gurugram, India | $12.19M | 1 | Provider of microinsurance products for individuals | |
| idbifederal.com | 2007 | Mumbai, India | – | 787 | Life insurance policies and retirement solutions are offered nationwide. | |
| trovity.com | 2021 | Hyderabad, India | – | 40 | Online platform for insurance broking, claims management, and personalized risk analysis. | |
| kumarinvestmentsolutions.com | 2020 | Ranchi, India | – | – | Provides comprehensive solutions for life, health, home, auto, travel, and marine insurance. | |
| rapinfo.co.in | 2014 | Delhi, India | – | – | Offers life, health, and motor insurance to individuals with expert advice. | |
| moneyworks.co.in | 2002 | Mumbai, India | – | – | Diversified assets are managed by the firm in Mumbai. | |
| smartzindagi.in | 2022 | Ujjain, India | – | – | Platform offering a range of insurance products. | |
| gili.co.in | 2024 | Andheri, India | – | – | An insurance provider delivering personalized coverage options for individual needs. | |
| tron.health | 2023 | Jaipur, India | – | – | Provides comprehensive healthcare solutions through OPD clinics and medical devices. |
Detailed competitors of Finizon
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Finizon
10 companies that operate in the same segment as Finizon (Insurance Providers), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 466.54 M | USD 1.12 B | 4,530 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 643.86 M | USD 615.2 M | 1,240 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, France | USD 863.12 M | – | – | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.2 B | – | – | |
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 | |
Homeowners insurance coverage is delivered via an online platform. | 2015 | Palo Alto, California, United States | USD 709.36 M | USD 468.6 M | 478 | |
Online health insurance is provided to individuals and businesses. | 2012 | New York, New York, United States | USD 1.63 B | USD 11.7 B | 2,400 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | – | – | – | |
Provider of protection plans and repair services for gadgets and appliances | 2011 | Mumbai, Maharashtra, India | USD 53.15 M | USD 35.77 M | 336 |
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Frequently Asked Questions about Finizon
Finizon was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Finizon is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Tarun Taneja is the current CEO of Finizon. They have also founded this company.
Finizon is a funded company, having raised a total of $161.73K across 1 funding round to date. The company's 1st funding round was a Angel Round of $161.73K, raised on Aug 2021.
Finizon was founded in 2020 and is headquartered in Mumbai, India, within the financial services sector. A range of financial solutions is offered to clients, with operations focused on the Indian market. Leadership is provided by co-founders Sourabh Kumar and Tarun Taneja, who hold designations as Co-Founder and Co-Founder CEO, respectively. Core activities encompass standard financial provisioning, supported by the companys domain at finizon.com.
Finizon's top competitors include IDBI Federal, Toffee Insurance and MoneyWorks.
Finizon has 3 investors. Key investors include Ashish Mehrotra, Alpana Mehrotra, and Sourabh Kumar.
The valuation of Finizon is $202.34K as of Aug 2021.
Finizon is associated with 4 legal entities: Aapt Insurance Brokers Private Limited, Aapt Investment Advisors Private Limited, Aapt Holdings Private Limited and others.
The legal entities of Finizon currently have 6 directors, including Priyank Sapra, Ashish Mehrotra, Sourabh Kumar and others.