About Finovera
Finovera is a company based in Milpitas (United States) founded in 2011 was acquired by Paymentus in August 2021.. Finovera has raised $6.11 million across 2 funding rounds from investors including Paymentus. The company has 34 employees as of December 31, 2021. Finovera operates in a competitive market with competitors including Doxo, BillGO, Gerald, Papaya and Health Payment Systems, among others.
- Headquarter Milpitas, United States
- Employees 34 as on 31 Dec, 2021
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Sectors
TechnologyFinancial Services
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Phone
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Website
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Social
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Funding Insights of Finovera
Finovera has successfully raised a total of $6.11M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6.01 million completed in September 2019. 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 2
- Last Round Series A — $6.0M
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First Round
First Round
(22 Jul 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series A - Finovera | Valuation |
investors |
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| Jul, 2011 | Amount | Seed - Finovera | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Finovera
Finovera has secured backing from 1 investor. Prominent investors backing the company include Paymentus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Comprehensive billing and payment solution provider
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Finovera
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Finovera
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Finovera Comparisons
Competitors of Finovera
Finovera 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 Doxo, BillGO, Gerald, Papaya and Health Payment Systems, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Bill payments are managed via a mobile app for users.
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| domain | founded_year | HQ Location |
Bill payment processing solutions are provided for businesses and consumers.
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| domain | founded_year | HQ Location |
Consumer bills are managed and paid via a cloud-based platform.
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| domain | founded_year | HQ Location |
Papaya is focused on simplifying billing and payment processes.
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| domain | founded_year | HQ Location |
Provider of an all-in-one statement and payment solution for healthcare billing
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| domain | founded_year | HQ Location |
Mobile app for bill payments via photo capture is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Finovera
Frequently Asked Questions about Finovera
When was Finovera founded?
Finovera was founded in 2011.
Where is Finovera located?
Finovera is headquartered in Milpitas, United States. It is registered at Milpitas, California, United States.
Is Finovera a funded company?
Finovera is a funded company, having raised a total of $6.11M across 2 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Jul 22, 2011.
How many employees does Finovera have?
As of Dec 31, 2021, the latest employee count at Finovera is 34.
What does Finovera do?
Finovera was founded in 2011 and is headquartered in Milpitas, United States. Electronic billing and payment solutions are delivered through a platform that handles bill presentment, payment processing, and money movement. Sectors such as utilities, healthcare, and financial institutions are served. Integration with existing accounting systems is supported, along with real-time features, various payment channels, and communication tools to facilitate operations and customer interactions.
Who are the top competitors of Finovera?
Who are Finovera's investors?
Finovera has 1 investor. Key investors include Paymentus.
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