About FinReq
FinReq is a Financial Services company based in Mumbai (India) founded in 2011 by Bipin Mehta and Bhavik Mehta. It operates as a businesses are connected to financial institutions for debt funding. FinReq has raised $54.24 thousand across 1 funding round from investors including Brand Capital, Bipin Mehta and Bhavik Mehta. FinReq was last valued at $61.73 thousand in September 2017. Its Indian entity Bbm Profin Advisors Private Limited reported revenue of ₹3.5 Lakh. FinReq offers products and services including Debt Funding Advisory, Real Estate Funding, Foreign Funding, and Traditional Funding. Its focus areas include FinTech, Alternative Lending, Lead Generation Platforms and Loan Comparison Platforms. Its competitors include Paisa Bazaar, Apnapaisa, Capitaworld, FinanceBuddha and Rubique and 3 more; 5 of its 8 listed competitors have raised funding.
Company details
It assists businesses in securing debt funding. The company connects clients with various banking institutions, including nationalized, private, foreign, and cooperative banks, as well as financial institutions and private equity funds. It offers services encompassing real estate funding, structured deals, foreign funding, and traditional funding options. These services cater to diverse sectors, such as manufacturing, real estate, and infrastructure. A dedicated relationship manager supports each client throughout the funding process. It handles proposals across a wide funding spectrum.
- Headquarters Mumbai, India
- Founders Bipin Mehta, Bhavik Mehta
- SectorsFinancial Services
- Phone•••• ••••
- Website finreq.com
- Social LinkedIn
- Legal Name Bbm Profin Advisors Private Limited
- Date of Incorporation 18 Feb, 2011
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹3.5 Lakh
FY 2024 · -66% YoY
- Net Loss-₹2.4 Lakh
FY 2024 · -68% margin
- EBITDA₹2.4 Lakh
FY 2024 · 68% margin
- Total Equity Funding$54.24K (USD)
in 1 rounds
- Latest Funding Round$54.24K (USD), Seed
Sep 2017
- InvestorsBrand Capital
& 2 more
Associated legal entities of FinReq
FinReq operates through Bbm Profin Advisors 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 |
|---|---|---|---|---|---|---|---|
| Bbm Profin Advisors Private Limited CIN U65999MH2011PTC213685 | Active | 18 Feb 2011 | Mumbai, Maharashtra | ₹0.0 Cr | – | 2 | View details |
Products & Services of FinReq
FinReq offers a comprehensive portfolio of products and services, including Debt Funding Advisory, Real Estate Funding, Foreign Funding, and Traditional Funding.
Service for arranging loans and funding through banks
Solutions for land acquisition and construction financing
Assistance with ECB loans and export finance options
Provision of term loans and working capital facilities
Funding Insights of FinReq
FinReq has successfully raised a total of $54.24K through 1 strategic funding round. The most recent funding activity was a Seed round of $54.24 thousand completed in September 2017. 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 $54,239
- Total Rounds 1
- Last Round Seed — $54,239
- First Round $54,239
(Sep 2017)
- Investors Count 3
All 1 funding rounds of FinReq 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 |
|---|---|---|---|---|---|
| Sep 2017 | $54,239 | Seed | $61,727 | Brand Capital |
Last known valuation $61,727 (Sep 2017). 3 investors in total: 1 institutional and 2 angel.
Investors in FinReq
FinReq has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Brand Capital, Bipin Mehta and Bhavik Mehta.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage startups are made by Brand Capital. | – | brandcapital.co.in | Mumbai, India | |
BM Bipin Mehta | - | – | unknown_2184860728234a888 | - |
BM Bhavik Mehta | Angel investor and entrepreneur, co-founder of Plush, focused on consumer tech. | – | unknown_7687123901f649229 | - |
Investor details for FinReq
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Bbm Profin Advisors Private Limited (FinReq)
Bbm Profin Advisors Private Limited is the primary company behind FinReq. The board of Bbm Profin Advisors Private Limited currently have 2 directors; the longest-serving is Bipin Laxmichand Mehta, appointed in 2011.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bipin Laxmichand Mehta DIN 03303271 | Director | 18 Feb 2011 | 15 yrs 7 mo | Bbm Profin Advisors Private Limited |
| Bhavik Bipin Mehta DIN 03303270 | Director | 18 Feb 2011 | 15 yrs 7 mo | Bbm Profin Advisors Private Limited |
People of FinReq
2 people are tracked at FinReq (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & Director | Leadership |
Complete people profiles for FinReq
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of FinReq
Figures of Bbm Profin Advisors Private Limited, the primary company behind FinReq, for FY 2024. Revenue was ₹3.5 Lakh (-66% year on year). Net loss was -₹2.4 Lakh (-68% margin). EBITDA was ₹2.4 Lakh (68% margin). Revenue has grown at a compounded annual rate of -70% over three years and -58% over five years.
- ₹3.5 LakhRevenue · FY 2024 · -66% YoY
- -₹2.4 LakhNet loss · -68% margin
- ₹2.4 LakhEBITDA · 68% margin
- ₹8 LakhPaid-up capital
- -70%Revenue CAGR, 3 years
- -58%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Bbm Profin Advisors Private Limited are on its company page.
Detailed financial statements for FinReq
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of FinReq
2 dated milestones of FinReq across 6 years, from founding to its latest funding, stage changes and deals.
- Founded FinReq is founded.
- Funding First funding round of $54K.
Competitors of FinReq
FinReq has 8 listed competitors in our database, 5 of them funded. They include Paisa Bazaar, Apnapaisa, Capitaworld, FinanceBuddha and Rubique, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| paisabazaar.com | 2009 | Gurugram, India | – | 3,550 | Online loan comparison platform | |
| apnapaisa.com | 2007 | Mumbai, India | $2.2M | – | Loans and credit cards are compared online in India. | |
| capitaworld.com | 2015 | Ahmedabad, India | $10.42M | – | Loans are matched between borrowers and lenders using ML algorithms. | |
| financebuddha.com | 2012 | Bengaluru, India | $576,271 | 144 | Borrowers are connected to lenders for personal and business loans. | |
| rubique.com | 2014 | Mumbai, India | $12.61M | 114 | A digital marketplace hosting a range of financial products. | |
| rupeeboss.com | 2016 | Mumbai, India | – | 446 | Offers loans for business, personal, and property needs in India. | |
| whatsloan.com | 2014 | Bengaluru, India | – | – | Provider of digital lending platforms for retail, agri, and MSME segments | |
| afinoz.com | 2015 | Delhi, India | $704,053 | 52 | Financial product comparison platform for consumers and businesses |
Detailed competitors of FinReq
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
10 companies that operate in the same segment as FinReq (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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Related news about Finreq
Complete news archive for FinReq
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Frequently Asked Questions about FinReq
FinReq was founded in 2011 and raised its 1st funding round 6 years after it was founded.
FinReq is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
FinReq is a funded company, having raised a total of $54.24K across 1 funding round to date. The company's 1st funding round was a Seed of $54.24K, raised on Sep 2017.
The primary company behind FinReq, Bbm Profin Advisors Private Limited, reported revenue of ₹3.5 Lakh for FY 2024, down 66% year on year.
It assists businesses in securing debt funding. The company connects clients with various banking institutions, including nationalized, private, foreign, and cooperative banks, as well as financial institutions and private equity funds. It offers services encompassing real estate funding, structured deals, foreign funding, and traditional funding options. These services cater to diverse sectors, such as manufacturing, real estate, and infrastructure. A dedicated relationship manager supports each client throughout the funding process. It handles proposals across a wide funding spectrum.
FinReq's top competitors include Rubique, Paisa Bazaar and Capitaworld.
FinReq offers Debt Funding Advisory, Real Estate Funding, Foreign Funding, and Traditional Funding.
FinReq has 3 investors. Key investors include Brand Capital, Bipin Mehta, and Bhavik Mehta.
The valuation of FinReq is $61.73K as of Sep 2017.
FinReq operates through Bbm Profin Advisors Private Limited.
The legal entities of FinReq currently have 2 directors, including Bipin Laxmichand Mehta, Bhavik Bipin Mehta.