About Finly
Finly is a company based in Bengaluru (India) founded in 2015 was acquired by Lockstep in August 2021. Finly has raised $504.86 thousand across 1 funding round from investors including Angel List, Sumitomo Corporation and 91Springboard. The company has 36 employees as of April 05, 2024. Finly operates in a competitive market with competitors including Qonto, Melio, Lili, Routable and Settle, among others.
- Headquarter Bengaluru, India
- Employees 36 as on 05 Apr, 2024
- Stage Minicorn
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Sectors
Technology
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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 Vv Finly Technology Private Limited
- Date of Incorporation 07 Feb, 2019
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$655.1 K (USD)40.77as on Mar 31, 2023
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Net Profit
-$583.77 K (USD)-4096.39as on Mar 31, 2023
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EBITDA
-$569.07 K (USD)-88113.71as on Mar 31, 2023
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Total Equity Funding
$504.86 K (USD)
in 1 rounds
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Latest Funding Round
$504.86 K (USD), Seed
May 06, 2019
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Investors
Angel List
& 17 more
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Employee Count
36
as on Apr 05, 2024
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Acquired by
Lockstep
(Aug 27, 2021)
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Funding Insights of Finly
Finly has successfully raised a total of $504.86K through 1 strategic funding round. The most recent funding activity was a Seed round of $504.86 thousand completed in May 2019. 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 Finly
Finly has secured backing from 18 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Angel List, Sumitomo Corporation and 91Springboard.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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AI startup acceleration and networking services are offered globally.
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Locked | Locked | Locked | |
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Early-stage investments are targeted by this venture capital firm.
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Locked | Locked | Locked | |
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Early-stage investments are made by Omphalos Ventures in US firms.
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Locked | Locked | Locked |
Investor details for Finly
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Finly
Investment portfolio details for Finly
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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Financial Statements - Finly
Detailed financials for Finly
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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Finly Comparisons
Peer comparison for Finly
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of Finly
Finly 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 Qonto, Melio, Lili, Routable and Settle, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Subscription-based online banking is offered to SMEs and freelancers.
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| Locked | Locked | Locked |
Blood-based pathogen detection devices are manufactured for healthcare applications.
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| Locked | Locked | Locked |
Digital banking services are offered to freelancers.
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| Locked | Locked | Locked |
Online invoicing and payment software is provided for businesses.
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| Locked | Locked | Locked |
Cloud-based cash flow management is provided for payers and vendors.
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| Locked | Locked | Locked |
Cloud-based B2B accounts receivable solutions are offered.
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Detailed competitors of Finly
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Verified entity values are shown only after access is granted.
Latest news on Finly
Complete news archive for Finly
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Frequently Asked Questions about Finly
Finly was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Finly is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Finly is a funded company, having raised a total of $504.86K across 1 funding round to date.
As of Apr 05, 2024, the latest employee count at Finly is 36.
Annual revenue of Finly is $655.1K as on Mar 31, 2023.
Finly was founded in 2015 in Bengaluru, India, within the fintech sector. A cloud-based platform is operated to automate accounts payable processes for businesses. Features encompass expense report submissions, reimbursement handling, compliance oversight, spending policy enforcement, custom workflow creation, integration with accounting software, and data insights generation. Mobile access is supported via Android and iOS applications.
Finly has 18 investors. Key investors include Angel List, Sumitomo Corporation, 91Springboard, Wellfound, and Social Capital.
The valuation of Finly is $2.81M as of May 2019.