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
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Finnup Solutions Private Limited
- Date of Incorporation 23 Jun, 2022
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$128.07 K (USD)0as on Mar 31, 2023
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Net Profit
$28.18 K (USD)0as on Mar 31, 2023
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EBITDA
$38.11 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$56.13 K (USD)
in 1 rounds
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Latest Funding Round
$56.13 K (USD), Seed
Jul 29, 2024
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Investors
Mavi Ventures
& 5 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $56,127
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First Round
First Round
(29 Jul 2024)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - Finnup | Valuation | Ankit Agrwal |
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 |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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AA
Ankit Agrwal |
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Founded Year | Domain | Location |
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NK
Narendra Kumar Bansal |
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Founded Year | Domain | Location |
Investments & Acquisitions by Finnup
Financial Statements - Finnup
Finnup Comparisons
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 year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform providing loans and credit cards from various financial institutions
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| domain | founded_year | HQ Location |
Fintech services for credit, savings, and payments are delivered globally.
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| domain | founded_year | HQ Location |
Consumer and business loans are facilitated via an online platform.
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| domain | founded_year | HQ Location |
Borrowers are connected with investors through P2P lending services.
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| domain | founded_year | HQ Location |
Investors and borrowers are connected via a P2P lending platform.
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| domain | founded_year | HQ Location |
Gold loans are facilitated via an online consumer marketplace.
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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 29, 2024.
Annual revenue of Finnup is $128.07K as on Mar 31, 2023.
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.