About Finnoto
Finnoto is a Technology company based in Bengaluru (India) founded in 2020 by Hemant Kumar Sah. It operates as a financial management platform for businesses. Finnoto has raised $507.68 thousand across 1 funding round from investors including Whiteboard Capital. The company has 1 employees. Finnoto was last valued at $3.21 million in May 2023. Its Indian entity Finnoto Solutions Private Limited reported revenue of ₹11.8 Lakh. Finnoto offers products and services including Reconciliation and Dispute Management, Vendor Management, and Spend Management. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Accounting Suite. Its competitors include BlackLine, Wolters Kluwer, Digits, HighRadius and PowerPlan and 5 more; 7 of its 10 listed competitors have raised funding.
Company details
Finnoto was established in 2020 in Bengaluru, India, within the financial technology sector. A platform is operated to support business financial operations, including reconciliation processes, dispute resolution, spend tracking, vendor oversight, and broader financial tools. Services are tailored for enterprise needs, with focus on efficiency in financial workflows across various business scales.
- Headquarters Bengaluru, India
- Employees 1
- Founders Hemant Kumar Sah
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Website finnoto.com
- Social LinkedIn
- Legal Name Finnoto Solutions Private Limited
- Date of Incorporation 05 Sep, 2022
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹11.8 Lakh
FY 2025 · +250% YoY
- Net Loss-₹1.91 Cr
FY 2025 · -1619% margin
- EBITDA-₹1.85 Cr
FY 2025 · -1566% margin
- Total Equity Funding$507.68K (USD)
in 1 rounds
- Latest Funding Round$507.68K (USD), Seed
May 2023
- Investors
- Employee Count1
Associated legal entities of Finnoto
Finnoto operates through Finnoto Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Finnoto Solutions Private Limited CIN U72900KA2022PTC165727 | Active | 05 Sep 2022 | Bangalore, Karnataka | ₹0.1 Cr | – | 2 | View details |
Products & Services of Finnoto
Finnoto offers a comprehensive portfolio of products and services, including Reconciliation and Dispute Management, Vendor Management, and Spend Management.
Automates reconciliation and dispute resolution for accurate financial data.
Manages vendor onboarding and payments to ensure compliance and efficiency.
Streamlines expense claims to reduce costs and improve financial control.
Funding Insights of Finnoto
Finnoto has successfully raised a total of $507.68K through 1 strategic funding round. The most recent funding activity was a Seed round of $507.68 thousand completed in May 2023. 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 $507,676
- Total Rounds 1
- Last Round Seed — $507,676
- First Round $507,676
(May 2023)
- Investors Count 1
All 1 funding rounds of Finnoto 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 |
|---|---|---|---|---|---|
| May 2023 | $507,676 | Seed | $3.21M | Whiteboard Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2023 | $3.21M | •••••••• |
Last known valuation $3.21M (May 2023). 1 investors in total: 1 institutional.
Investors in Finnoto
Finnoto has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Whiteboard Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment support is provided to startups by Whiteboard Capital. | 2017 | whiteboardcap.com | Mumbai, India |
Investor details for Finnoto
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 Finnoto Solutions Private Limited (Finnoto)
Finnoto Solutions Private Limited is the primary company behind Finnoto. The board of Finnoto Solutions Private Limited currently have 2 directors; the longest-serving is Hemant Kumar Sah, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hemant Kumar Sah DIN 08450977 | Director | 05 Sep 2022 | 4 yrs 1 mo | Finnoto Solutions Private Limited |
| Amit Kumar Sahu DIN 09727118 | Director | 05 Sep 2022 | 4 yrs 1 mo | Finnoto Solutions Private Limited |
People of Finnoto
1 people are tracked at Finnoto (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Finnoto
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 Finnoto
Figures of Finnoto Solutions Private Limited, the primary company behind Finnoto, for FY 2025. Revenue was ₹11.8 Lakh (+250% year on year). Net loss was -₹1.91 Cr (-1619% margin). EBITDA was -₹1.85 Cr (-1566% margin).
- ₹11.8 LakhRevenue · FY 2025 · +250% YoY
- -₹1.91 CrNet loss · -1619% margin
- -₹1.85 CrEBITDA · -1566% margin
- ₹1.5 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Finnoto Solutions Private Limited are on its company page.
Detailed financial statements for Finnoto
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 Finnoto
3 dated milestones of Finnoto across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Finnoto is founded.
- Funding First funding round of $508K.
- Milestone Reaches Minicorn status.
Competitors of Finnoto
Finnoto has 10 listed competitors in our database, 7 of them funded. They include BlackLine, Wolters Kluwer, Digits, HighRadius and PowerPlan, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| blackline.com | 2001 | Los Angeles, United States | $200M | 1,042 | AI-based accounting processes are automated for businesses. | |
| wolterskluwer.com | 1836 | United States | – | 16 | Enterprise legal processes are managed via an AI-powered platform. | |
| digits.com | 1995 | San Francisco, United States | $97.5M | 26 | SMS-based customer authentication and verification services are provided across platforms. | |
| highradius.com | 2006 | Houston, United States | $484M | – | Autonomous finance and payment solutions are provided to businesses. | |
| powerplan.com | 1994 | Atlanta, United States | $110.1M | 280 | Asset accounting, tax, and budgeting solutions are offered to businesses. | |
| accountsiq.com | 2004 | Dublin, Ireland | $87.62M | – | Cloud-native group accounting platform with automation intelligence is utilized. | |
| recko.io | 2018 | Dover, United States | $7M | 710 | Cloud-based transaction management and reconciliation solutions are offered for businesses. | |
| tallysolutions.com | 1986 | Bengaluru, India | – | 1,047 | Cloud-based ERP software is provided for accounting and inventory management. | |
| bjornlunden.se | 1997 | Nasviken, Sweden | – | – | Accounting software suite is provided for business financial management. | |
| bluecopa.com | 2021 | Hyderabad, India | $4.1M | 43 | AI-powered analytics solutions are offered for finance processes. |
Detailed competitors of Finnoto
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.
Web traffic of Finnoto
The website of Finnoto (finnoto.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▼ 11.5% vs previous month
Top companies in Finance & Accounting Applications
10 companies that operate in the same segment as Finnoto (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, Ile de France, France | USD 717.15 M | USD 171.7 M | 2,457 | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | 8,159 |
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Frequently Asked Questions about Finnoto
Finnoto was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Finnoto is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Finnoto is a funded company, having raised a total of $507.68K across 1 funding round to date. The company's 1st funding round was a Seed of $507.68K, raised on May 2023.
Finnoto has 1 employees.
The primary company behind Finnoto, Finnoto Solutions Private Limited, reported revenue of ₹11.8 Lakh for FY 2025, up 250% year on year.
Finnoto was established in 2020 in Bengaluru, India, within the financial technology sector. A platform is operated to support business financial operations, including reconciliation processes, dispute resolution, spend tracking, vendor oversight, and broader financial tools. Services are tailored for enterprise needs, with focus on efficiency in financial workflows across various business scales.
Finnoto offers Reconciliation and Dispute Management, Vendor Management, and Spend Management.
Finnoto has 1 investor. Key investors include Whiteboard Capital.
The valuation of Finnoto is $3.21M as of May 2023.
Finnoto operates through Finnoto Solutions Private Limited.
The legal entities of Finnoto currently have 2 directors, including Hemant Kumar Sah, Amit Kumar Sahu.