About Finnup
Finnup is a company based in Mumbai (India) founded in 2022 by Rahul Agarwal and Abhishek Agarwal. Finnup has raised $56.13 thousand across 1 funding round from investors including Ankit Agrwal, Narendra Kumar Bansal and Anubhav Jhunjhunala. Finnup operates in a competitive market with competitors including IndiaLends, Tala, Epimoney, i2i and IndiaP2P, among others.
- Headquarter Mumbai, India
- Founders Rahul Agarwal, Abhishek Agarwal
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website finnup.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Finnup Solutions Private Limited
- Date of Incorporation 23 Jun, 2022
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹3.40 Cr
FY 2024 · +219% YoY
- Net Profit₹64.4 Lakh
FY 2024 · 19% margin
- EBITDA₹86.7 Lakh
FY 2024 · 26% margin
- Total Equity Funding$56.13K (USD)
in 1 rounds
- Latest Funding Round$56.13K (USD), Seed
Jul 2024
Associated legal entities of Finnup
Finnup operates through Finnup Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Finnup Solutions Private Limited CIN U67190MH2022PTC385252 | Active | 23 Jun 2022 | Mumbai, Maharashtra | ₹3.4 Cr | 24 | 2 | View details |
Apps and channels of Finnup
Finnup publishes 1 mobile app with over 100 downloads.
Funding Insights of Finnup
Finnup has successfully raised a total of $56.13K through 1 strategic funding round. The most recent funding activity was a Seed round of $56.13 thousand completed in July 2024. 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 $56,127
- Total Rounds 1
- Last Round Seed — $56,127
- First Round $56,127
(Jul 2024)
- Investors Count 6
All 1 funding rounds of Finnup 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 |
|---|---|---|---|---|---|
| Jul 2024 | $56,127 | Seed | $5.41M | Ankit Agrwal |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2024 | $5.41M | •••••••• |
Last known valuation $5.41M (Jul 2024). 6 investors in total: 1 institutional and 5 angel.
Investors in Finnup
Finnup has secured backing from 6 investors, including angel and institutional investors. Prominent investors backing the company include Ankit Agrwal, Narendra Kumar Bansal and Anubhav Jhunjhunala.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | maviventures.tcc.mode | - | |
AA Ankit Agrwal | - | – | unknown_7ced20a8913d4c43a | - |
NK Narendra Kumar Bansal | - | – | unknown_a02f5e22e0fb4a98b | - |
AJ Anubhav Jhunjhunala | - | – | unknown_b81a5b3492e047f49 | - |
RH Rakesh Hasmukhbhai Vakal | - | – | unknown_20fa79bd05f545a5a | - |
NV Nilesh Vohra | - | – | unknown_debf69ef45194653b | - |
Investor details for Finnup
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 Finnup Solutions Private Limited (Finnup)
Finnup Solutions Private Limited is the primary company behind Finnup. The board of Finnup Solutions Private Limited currently have 2 directors; the longest-serving is Abhishek Agrawal, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhishek Agrawal DIN 07849766 | Director | 23 Jun 2022 | 4 yrs 3 mo | Finnup Solutions Private Limited |
| Rahul Agarwal DIN 09649864 | Director | 23 Jun 2022 | 4 yrs 3 mo | Finnup Solutions Private Limited |
People of Finnup
2 people are tracked at Finnup (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Abhishek Agarwal | Co-Founder | Leadership |
Complete people profiles for Finnup
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 Finnup
Figures of Finnup Solutions Private Limited, the primary company behind Finnup, for FY 2024. Revenue was ₹3.40 Cr (+219% year on year). Net profit was ₹64.4 Lakh (19% margin). EBITDA was ₹86.7 Lakh (26% margin).
- ₹3.40 CrRevenue · FY 2024 · +219% YoY
- ₹64.4 LakhNet profit · 19% margin
- ₹86.7 LakhEBITDA · 26% margin
- ₹25.6 LakhPaid-up capital
- 24Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Finnup Solutions Private Limited are on its company page.
Detailed financial statements for Finnup
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Finnup
3 dated milestones of Finnup across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Finnup is founded.
- Funding First funding round of $56K.
- Milestone Reaches Minicorn status.
Competitors of Finnup
Finnup 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 IndiaLends, Tala, Epimoney, i2i and IndiaP2P, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| indialends.com | 2014 | Gurugram, India | $30.11M | 221 | Online platform providing loans and credit cards from various financial institutions | |
| tala.co | 2011 | Santa Monica, United States | $347.7M | 40 | Fintech services for credit, savings, and payments are delivered globally. | |
| epimoney.in | 1995 | Chennai, India | $36.84M | 623 | Consumer and business loans are facilitated via an online platform. | |
| i2ifunding.com | 2015 | Noida, India | $934,120 | 33 | Borrowers are connected with investors through P2P lending services. | |
| indiap2p.com | 2021 | Mumbai, India | – | 98 | Investors and borrowers are connected via a P2P lending platform. | |
| trillionloan.com | 2018 | Mumbai, India | $529,762 | 104 | Gold loans are facilitated via an online consumer marketplace. | |
| finzy.com | 2016 | Bengaluru, India | $7.79M | 23 | Online P2P marketplace for consumer and business loans is operated. | |
| xpedize.com | 2017 | Gurugram, India | $2.23M | 5 | SaaS-based dynamic discounting software connects suppliers, buyers, and investors. |
Detailed competitors of Finnup
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 Finnup
The website of Finnup (finnup.in) receives about 1.6K visits a month.
- Monthly visits1.6K
▲ 2.2% vs previous month
Latest news on Finnup
Complete news archive for Finnup
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Finnup
10 companies that operate in the same segment as Finnup (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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Frequently Asked Questions about Finnup
Finnup was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Finnup is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Finnup is a funded company, having raised a total of $56.13K across 1 funding round to date. The company's 1st funding round was a Seed of $56.13K, raised on Jul 2024.
The primary company behind Finnup, Finnup Solutions Private Limited, reported revenue of ₹3.40 Cr for FY 2024, up 219% year on year.
Finnup was founded in 2022 in Mumbai, India, operating as a fintech platform in the financial services sector. Borrowers and lenders are connected to facilitate access to diverse funding options. Products provided encompass unsecured business loans, loans against property, working capital loans, supply chain financing, revenue-based financing, asset financing, trade finance, and project financing. The platform serves the Indian market primarily.
Finnup has 6 investors. Key investors include Ankit Agrwal, Narendra Kumar Bansal, Anubhav Jhunjhunala, Mavi Ventures, and Rakesh Hasmukhbhai Vakal.
The valuation of Finnup is $5.41M as of Jul 2024.
Finnup operates through Finnup Solutions Private Limited.
The legal entities of Finnup currently have 2 directors, including Abhishek Agrawal, Rahul Agarwal.
Yes. Finnup publishes FinnUp, with over 100 downloads.