About Finomial
Finomial is a Technology company based in New York (United States) founded in 2010, and was acquired by sei in October 2021. Hedge fund subscriptions are automated via Finomials cloud platform. It operates in the Technology, Industrial Goods & Manufacturing, and Financial Services sectors. Finomial has raised $13.44 million across 6 funding rounds from investors including sei and Silver 8 Capital. The company has 1 employees. Its Indian entity Finomial Technologies Private Limited reported revenue of ₹6.89 Cr. Its focus areas include FinTech, RegTech, KYC and Banking Tech. Its competitors include Sedgwick, Riskified and HID Global; 2 of its 3 listed competitors have raised funding.
Company details
Finomial was founded in 2010 in New York, United States, as a cloud-based platform in the financial services sector. The hedge fund subscription process is automated, with investor analytics provided on compliance, marketing, and investor relations. FATCA-compliant solutions are offered to streamline client lifecycle management for hedge funds, supporting operations in investor onboarding and relations.
- Headquarters New York, United States
- Employees 1
- Stage Acquired
- SectorsTechnologyIndustrial Goods & Manufacturing Financial Services
- Website finomial.com
- Social LinkedIn
- Acquired by sei (Oct 2021)
- Legal Name Finomial Technologies Private Limited
- Date of Incorporation 21 Aug, 2015
- Indian entity revenue₹6.89 Cr
FY 2020 · +18% YoY
- Indian entity net profit₹40.8 Lakh
FY 2020 · 6% margin
- Indian entity EBITDA₹81.6 Lakh
FY 2020 · 12% margin
- Total Equity Funding$13.44M (USD)
in 6 rounds
- Latest Funding Round$7.04M (USD), Series A
Feb 2018
- Investorssei
& 1 more
- Employee Count1
- Acquired bysei
(Oct 2021)
Associated legal entities of Finomial
Finomial operates through Finomial Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Finomial Technologies Private Limited CIN U72300WB2015FTC207540 | Active | 21 Aug 2015 | Kolkata, West Bengal | ₹6.9 Cr | 36 | 3 | View details |
Funding Insights of Finomial
Finomial has successfully raised a total of $13.44M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $7.04 million completed in February 2018. 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 $13.44M
- Total Rounds 6
- Last Round Series A — $7.04M
- First Round $2.32M
(Dec 2011)
- Investors Count 1
All 6 funding rounds of Finomial 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 |
|---|---|---|---|---|---|
| Feb 2018 | $7.04M | Series A | – | – | |
| Mar 2016 | $1.78M | Series A | – | – | – |
| Sep 2015 | $719,751 | Series A | – | – | – |
| Jan 2015 | $1.08M | Series A | – | – | – |
| Jan 2013 | $499,999 | Seed | – | – | – |
| Dec 2011 | $2.32M | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Finomial
Finomial has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include sei and Silver 8 Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| silver8capital.com | ||||
Wealth and investment management solutions are offered to institutional investors. | 1968 | seic.com | Oaks, United States |
Investor details for Finomial
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Finomial Technologies Private Limited (Finomial)
Finomial Technologies Private Limited is the primary company behind Finomial. The board of Finomial Technologies Private Limited currently have 3 directors; the longest-serving is Meredith Allison Moss, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Meredith Allison Moss DIN 05234941 | Director | 21 Aug 2015 | 11 yrs 2 mo | Finomial Technologies Private Limited |
| Aman Didwania DIN 00571599 | Director | 21 Aug 2015 | 11 yrs 2 mo | Finomial Technologies Private Limited |
| William Wallace Wilder Jr DIN 08454571 | Director | 15 Jun 2020 | 6 yrs 4 mo | Finomial Technologies Private Limited |
People of Finomial
363 people are tracked at Finomial (150 in leadership, 8 in board & advisors, 205 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Mike Frederick | Director -- Private Wealth Management | Leadership |
Brandon Bates | Managing Director, Private Banking Solutions | Leadership |
Ashish Rege | SEI Cloud Managing Director | Leadership |
Chris Hackett | Director Of Accounting/operations | Leadership |
Jay J. Cipriano | Executive Vice President and Head of Enterprise Growth Initiatives | Leadership |
George Tsiaras | Managing Director | Leadership |
Meenakshi Meel | Managing Director | Leadership |
Craig Shaw | Chief Risk Officer | Leadership |
Sandy Ewing | Executive Vice President, SEI Investments | Leadership |
Dennis J. Mcgonigle | EVP & CFO | Leadership |
Marcia Noa | Vice President | Leadership |
Tim Lockner | Fund Accounting Director | Leadership |
Harry Bartle | Director Of Business Development At SEI | Leadership |
Erin Hueber | Institutional Client Service Director | Leadership |
Sanjay K. Sharma | Executive Vice President, CEO of SEI International, and Global Head of SEI’s Private Banking business | Leadership |
Christopher Edwards | Head Of IMS Client Enablement | Leadership |
Robert Kemp | Director Of Operations | Leadership |
Parth Patel | Director Of Client Services | Leadership |
Chris Blaum | Director Of Business Resilience | Leadership |
Ryan Hicke | Chief Executive Officer | Leadership |
343 more people are available in the full profile.
Complete people profiles for Finomial
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Financials of Finomial
Figures of Finomial Technologies Private Limited, the primary company behind Finomial, for FY 2020. Revenue was ₹6.89 Cr (+18% year on year). Net profit was ₹40.8 Lakh (6% margin). EBITDA was ₹81.6 Lakh (12% margin). Revenue has grown at a compounded annual rate of +25% over three years.
- ₹6.89 CrRevenue · FY 2020 · +18% YoY
- ₹40.8 LakhNet profit · 6% margin
- ₹81.6 LakhEBITDA · 12% margin
- ₹1 LakhPaid-up capital
- 36Employees (provident fund records)
- +25%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Finomial Technologies Private Limited are on its company page.
Detailed financial statements for Finomial
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Finomial
4 dated milestones of Finomial across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Finomial is founded.
- Funding First funding round of $2.3M.
- Funding Latest funding round, Series A, of $7.0M.
- Exit Acquired by sei.
Competitors of Finomial
Finomial has 3 listed competitors in our database, 2 of them funded. They include Sedgwick, Riskified and HID Global.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sedgwick.com | 1969 | Memphis, United States | $2.63M | 25,842 | Claims administration, loss adjusting, and benefits management services are provided. | |
| riskified.com | 2013 | New York, United States | $232.02M | 781 | AI-based fraud prevention for e-commerce payments is provided. | |
| hidglobal.com | 1991 | Austin, United States | Cloud-based physical identity and access management systems are developed. |
Detailed competitors of Finomial
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Top companies in GRC, Risk & Compliance Software
3 companies that operate in the same segment as Finomial (GRC, Risk & Compliance Software) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 | |
Identity and access management solutions are provided for developers. | 2013 | Bellevue, Washington, United States | USD 332.75 M | 350 |
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Related news about Finomial
Complete news archive for Finomial
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Frequently Asked Questions about Finomial
Finomial was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Finomial is headquartered in New York, United States. It is registered at New York, New York, United States.
Finomial is a funded company, having raised a total of $13.44M across 6 funding rounds to date. The company's 1st funding round was a Seed of $2.32M, raised on Dec 2011.
Finomial has 1 employees.
The primary company behind Finomial, Finomial Technologies Private Limited, reported revenue of ₹6.89 Cr for FY 2020, up 18% year on year.
Finomial was founded in 2010 in New York, United States, as a cloud-based platform in the financial services sector. The hedge fund subscription process is automated, with investor analytics provided on compliance, marketing, and investor relations. FATCA-compliant solutions are offered to streamline client lifecycle management for hedge funds, supporting operations in investor onboarding and relations.
Finomial's top competitors include Sedgwick, Riskified and HID Global.
Finomial has 2 investors. Key investors include sei, and Silver 8 Capital.
Finomial operates through Finomial Technologies Private Limited.
Yes. Finomial was acquired by sei in October 2021.
The legal entities of Finomial currently have 3 directors, including Meredith Allison Moss, William Wallace Wilder Jr, Aman Didwania.