About Finlok
Finlok is a company based in Pune (India) founded in 2017 by Tanuj Sinha and Atish Potdar. Finlok operates in a competitive market with competitors including myPaisaa, Money Club, Shriram Chits, SahaBhagi and Kanakadurga Chit funds, among others.
- Headquarter Pune, India
- Founders Tanuj Sinha, Atish Potdar
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Janmitr Solutions Private Limited
- Date of Incorporation 05 Jun, 2017
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$28.45 K (USD)48.44as on Mar 31, 2022
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Net Profit
$22.65 K (USD)774.12as on Mar 31, 2022
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EBITDA
-$5.54 K (USD)58.84as on Mar 31, 2022
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Funding Insights of Finlok
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Grant - Finlok | Valuation |
investors |
Investors in Finlok
Finlok has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Government of Maharashtra.
| Investor | Description | Founded Year | Domain | Location |
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Provider of secondary & higher secondary education
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Founded Year | Domain | Location |
Investments & Acquisitions by Finlok
Financial Statements - Finlok
Finlok Comparisons
Competitors of Finlok
Finlok 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 myPaisaa, Money Club, Shriram Chits, SahaBhagi and Kanakadurga Chit funds, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital chit fund schemes and savings plans are provided.
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| domain | founded_year | HQ Location |
Pooled savings and borrowing are facilitated by a community platform.
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| domain | founded_year | HQ Location |
Chit fund investments are facilitated through an online platform.
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| domain | founded_year | HQ Location |
SahaBhagi is a platform for managing financial self-help groups.
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| domain | founded_year | HQ Location |
Manages group savings and chit fund platforms for individual users.
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Latest news on Finlok
Frequently Asked Questions about Finlok
Finlok was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Finlok is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Annual revenue of Finlok is $28.45K as on Mar 31, 2022.
Finlok was founded in 2017 in Pune, India, as a fintech platform focused on group savings. Savings groups based on the ROSCA model are created by users with known contacts. The entire process is digitized, including online registration via OTP and payments through UPI. An alternative credit score known as the Finlok rating is generated during participation. Operations center on facilitating collective saving in the Indian market.
Finlok's top competitors include Shriram Chits, myPaisaa and Money Club.
Finlok has 1 investor. Key investors include Government of Maharashtra.