About FinStack
FinStack is a Financial Services company based in Bengaluru (India) founded in 2022 by Gaurav Agarwal and Dhawal Patel. It operates as a developer of suite solutions for bank. FinStack has raised $52.14 thousand across 1 funding round from investors including Entrepreneur First. The company has 1 employees. FinStack was last valued at $522.22 thousand in February 2023. Its chief executive is Gaurav Agarwal. Its Indian entity Finstack Innovations Private Limited reported revenue of ₹1.34 Cr. Its focus areas include FinTech, Banking Tech and Banking Software Suite. Its competitors include Fiserv, Comviva, Jack Henry, Blend and Infibeam Avenues and 5 more; 6 of its 10 listed competitors have raised funding.
Company details
FinStack was founded in 2022 and is based in Bengaluru, India. Banking software solutions are developed to handle integrations across lending, investments, and PPI wallets. Partnerships with financial institutions are maintained to offer comprehensive services. A blend of financial tools, interactive visualizations, and workflow automation is provided to streamline reporting processes in the fintech sector.
- Headquarters Bengaluru, India
- Employees 1
- Founders Gaurav Agarwal, Dhawal Patel
- SectorsFinancial Services
- Website finstack.in
- Social LinkedIn
- Legal Name Finstack Innovations Private Limited
- Date of Incorporation 18 Jul, 2022
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.34 Cr
FY 2025 · +802% YoY
- Net Profit₹6.1 Lakh
FY 2025 · 5% margin
- EBITDA₹8.2 Lakh
FY 2025 · 6% margin
- Total Equity Funding$52.14K (USD)
in 1 rounds
- Latest Funding Round$52.14K (USD), Seed
Feb 2023
- Investors
- Employee Count1
Associated legal entities of FinStack
FinStack operates through Finstack Innovations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Finstack Innovations Private Limited CIN U72900KA2022PTC163890 | Active | 18 Jul 2022 | Bangalore, Karnataka | ₹1.3 Cr | – | 2 | View details |
Funding Insights of FinStack
FinStack has successfully raised a total of $52.14K through 1 strategic funding round. The most recent funding activity was a Seed round of $52.14 thousand completed in February 2023. 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 $52,136
- Total Rounds 1
- Last Round Seed — $52,136
- First Round $52,136
(Feb 2023)
- Investors Count 1
All 1 funding rounds of FinStack 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 2023 | $52,136 | Seed | $522,223 | Entrepreneur First | – |
Last known valuation $522,223 (Feb 2023). 1 investors in total: 1 institutional.
Investors in FinStack
FinStack has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Entrepreneur First.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of a program turning individuals into funded technology company founders | – | joinef.com | London, United Kingdom |
Investor details for FinStack
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Finstack Innovations Private Limited (FinStack)
Finstack Innovations Private Limited is the primary company behind FinStack. The board of Finstack Innovations Private Limited currently have 2 directors; the longest-serving is Gaurav Agarwal, appointed in 2022. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gaurav Agarwal DIN 09675670 | Director | 18 Jul 2022 | 4 yrs 3 mo | Finstack Innovations Private Limited |
| Dhawalbhai Sumanbhai Patel DIN 08561761 | Additional Director | 30 Aug 2022 | 4 yrs 1 mo | Finstack Innovations Private Limited |
People of FinStack
2 people are tracked at FinStack (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Dhawal Patel | Co-Founder | Leadership |
Complete people profiles for FinStack
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of FinStack
Figures of Finstack Innovations Private Limited, the primary company behind FinStack, for FY 2025. Revenue was ₹1.34 Cr (+802% year on year). Net profit was ₹6.1 Lakh (5% margin). EBITDA was ₹8.2 Lakh (6% margin).
- ₹1.34 CrRevenue · FY 2025 · +802% YoY
- ₹6.1 LakhNet profit · 5% margin
- ₹8.2 LakhEBITDA · 6% margin
- ₹1.1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Finstack Innovations Private Limited are on its company page.
Detailed financial statements for FinStack
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of FinStack
2 dated milestones of FinStack across 1 years, from founding to its latest funding, stage changes and deals.
- Founded FinStack is founded.
- Funding First funding round of $52K.
Competitors of FinStack
FinStack has 10 listed competitors in our database, 6 of them funded. They include Fiserv, Comviva, Jack Henry, Blend and Infibeam Avenues, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fiserv.com | 1984 | United States | – | 42,000 | Diversified financial solutions for business processing and management are provided. | |
| comviva.com | 1999 | Gurugram, India | $13.5M | 2,283 | Software platforms for telecommunications, digital payments, and experiences are provided. | |
| jackhenry.com | 1976 | Monett, United States | – | 7,120 | Banking and payments solutions are provided through a dedicated platform. | |
| blend.com | 2012 | San Francisco, United States | $685M | 1,826 | Digital solutions for mortgage and consumer lending are provided. | |
| ia.ooo | 2007 | Gandhinagar, India | – | 642 | Digital payment solutions and enterprise software platforms are provided. | |
| mambu.com | 2011 | Amsterdam, Netherlands | $445.79M | 68 | API-enabled open banking platform is provided for financial institutions. | |
| alkami.com | 2009 | Plano, United States | $422.54M | 667 | Platform offering digital banking software suite for banks and credit unions | |
| synctera.com | 2019 | San Francisco, United States | $95.17M | 58 | Software suite is developed for banks and financial institutions. | |
| finastra.com | 2017 | London, United Kingdom | – | 1,890 | Financial software solutions for lending, payments, and banking are provided. | |
| fintechos.com | 2017 | London, United Kingdom | $145.99M | 49 | AI-based software suite is provided for banking and insurance sectors. |
Detailed competitors of FinStack
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of FinStack
The website of FinStack (finstack.in) receives about 1.3K visits a month.
- Monthly visits1.3K
▲ 169.7% vs previous month
Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as FinStack (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
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Frequently Asked Questions about FinStack
FinStack was founded in 2022 and raised its 1st funding round 1 year after it was founded.
FinStack is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Gaurav Agarwal is the current CEO of FinStack. They have also founded this company.
FinStack is a funded company, having raised a total of $52.14K across 1 funding round to date. The company's 1st funding round was a Seed of $52.14K, raised on Feb 2023.
FinStack has 1 employees.
The primary company behind FinStack, Finstack Innovations Private Limited, reported revenue of ₹1.34 Cr for FY 2025, up 802% year on year.
FinStack was founded in 2022 and is based in Bengaluru, India. Banking software solutions are developed to handle integrations across lending, investments, and PPI wallets. Partnerships with financial institutions are maintained to offer comprehensive services. A blend of financial tools, interactive visualizations, and workflow automation is provided to streamline reporting processes in the fintech sector.
FinStack has 1 investor. Key investors include Entrepreneur First.
The valuation of FinStack is $522.22K as of Feb 2023.
FinStack operates through Finstack Innovations Private Limited.
The legal entities of FinStack currently have 2 directors, including Gaurav Agarwal, Dhawalbhai Sumanbhai Patel.