About Finomena
Finomena was a Financial Services company based in Bengaluru (India) founded in 2015. It offers EMI-based purchase loans to facilitate consumer financing. It operates on a B2C model. Its Indian entity 8 Finatics Mobile Private Limited reported revenue of ₹11.2 Lakh. The company is recorded as dissolved. Its focus areas include Banking, Loans and EMI Financing. Its competitors include axio, Simpl and ZestMoney; 3 of its 3 listed competitors have raised funding.
Company details
Finomena operates with a B2C model, focusing on offering financial products and advice, banking, loans, and emi financing. Offers EMI-based purchase loans to facilitate consumer financing. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Bengaluru, India
- SectorsFinancial Services
- Website finomena.com
- Social X
- Legal Name 8 Finatics Mobile Private Limited
- Date of Incorporation 29 Sep, 2015
- Jurisdiction Delhi, India
- Annual Revenue₹11.2 Lakh
FY 2018 · -58% YoY
- Net Loss-₹94.7 Lakh
FY 2018 · -846% margin
- EBITDA-₹49.2 Lakh
FY 2018 · -439% margin
- InvestorsZ47
& 6 more
Associated legal entities of Finomena
Finomena operates through 8 Finatics Mobile Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| 8 Finatics Mobile Private Limited CIN U74900DL2015PTC285766 | Strike Off | 29 Sep 2015 | Delhi, Delhi | ₹0.1 Cr | 28 | 2 | View details |
Funding Insights of Finomena
- Total Rounds 1
- Investors Count 7
All 1 funding rounds of Finomena 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 |
|---|---|---|---|---|---|
| Mar 2016 | Seed | – | Z47 |
7 investors in total: 1 institutional and 6 angel.
Investors in Finomena
Finomena has secured backing from 7 investors, including angel and venture fund investors. Prominent investors backing the company include Kaushal Aggarwal, Harshvardhan Chamria and Abhay Singhal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investment firm | z47.com | Bengaluru, India | ||
KA Kaushal Aggarwal | unknown_54a752fc6d1c4f5bb | |||
HC Harshvardhan Chamria | unknown_61f935344bc748b3b | |||
AS Abhay Singhal | Co-founder of InMobi, prominent angel investor in Indian startups | unknown_3e880ffbb3604cc78 | ||
AC Ashvin Chadha | Angel investor, co-founder of Anicut Capital, focused on early-stage startups | unknown_b506c3ec46b947ffa | ||
KB Kunal Bahl | Co-founder of Snapdeal, Titan Capital, active angel investor in Indian startups | unknown_90a57a56cd0848c0a | ||
SC Shivashish Chatterjee | Co-founder of DMI Finance, prominent angel investor in Indian startups | unknown_27ce27f8ea52490b8 |
Investor details for Finomena
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of 8 Finatics Mobile Private Limited (Finomena)
8 Finatics Mobile Private Limited is the primary company behind Finomena. The board of 8 Finatics Mobile Private Limited currently have 2 directors; the longest-serving is Pankaj Kumar Kaushik, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pankaj Kumar Kaushik DIN 08098596 | Director | 01 Jan 2017 | 9 yrs 10 mo | 8 Finatics Mobile Private Limited |
| Rahul Sharma DIN 06578808 | Additional Director | 31 Mar 2018 | 8 yrs 7 mo | 8 Finatics Mobile Private Limited |
Financials of Finomena
Figures of 8 Finatics Mobile Private Limited, the primary company behind Finomena, for FY 2018. Revenue was ₹11.2 Lakh (-58% year on year). Net loss was -₹94.7 Lakh (-846% margin). EBITDA was -₹49.2 Lakh (-439% margin).
- ₹11.2 LakhRevenue · FY 2018 · -58% YoY
- -₹94.7 LakhNet loss · -846% margin
- -₹49.2 LakhEBITDA · -439% margin
- ₹6 LakhPaid-up capital
- 28Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of 8 Finatics Mobile Private Limited are on its company page.
Detailed financial statements for Finomena
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Finomena
2 dated milestones of Finomena across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Finomena is founded.
- Funding First funding round.
Competitors of Finomena
Finomena has 3 listed competitors in our database, 3 of them funded. They include axio, Simpl and ZestMoney.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| axio.co.in | 2013 | Bengaluru, India | $205.92M | 499 | An online lending platform for point-of-sale financing is provided. | |
| getsimpl.com | 2015 | Bengaluru, India | $47.47M | 144 | An online platform for purchase financing is provided by Simpl. | |
| zestmoney.in | 2015 | Delhi, India | $151.12M | 21 | Online platform offering point-of-sale financing |
Detailed competitors of Finomena
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- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Finomena (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 204.93 M | 1,634 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 167 |
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Related news about Finomena
Complete news archive for Finomena
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Frequently Asked Questions about Finomena
Finomena was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Finomena is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Finomena, 8 Finatics Mobile Private Limited, reported revenue of ₹11.2 Lakh for FY 2018, down 58% year on year.
Finomena operates with a B2C model, focusing on offering financial products and advice, banking, loans, and emi financing. Offers EMI-based purchase loans to facilitate consumer financing. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Finomena has 7 investors. Key investors include Kaushal Aggarwal, Harshvardhan Chamria, Abhay Singhal, Ashvin Chadha, and Kunal Bahl.
Finomena operates through 8 Finatics Mobile Private Limited.
The legal entities of Finomena currently have 2 directors, including Pankaj Kumar Kaushik, Rahul Sharma.