About Finteck
Finteck is a company based in Bhubaneswar (India) founded in 2022 by Krishna Nayak and Ujjwal Kumar Sittu.. The company has 1 employees as of April 08, 2024. Finteck operates in a competitive market with competitors including Greenlight, FamApp, akudo, Junio and YPay Card, among others.
- Headquarter Bhubaneswar, India
- Employees 1 as on 08 Apr, 2024
- Founders Krishna Nayak, Ujjwal Kumar Sittu
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Finteck Payment Labs Private Limited
- Date of Incorporation 23 May, 2022
- Jurisdiction Bhubaneswar, Orissa, India
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
1
as on Apr 08, 2024
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Funding Insights of Finteck
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - Finteck | Valuation | Startup India |
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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 Finteck
Finteck has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Startup India. 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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Recognition, funding, and resources are provided to Indian startups.
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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 Finteck
| 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 - Finteck
| 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 |
Finteck Comparisons
Competitors of Finteck
Finteck 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 Greenlight, FamApp, akudo, Junio and YPay Card, 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 |
App-based investment platform for kids and teens is operated.
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| domain | founded_year | HQ Location |
FamApp by Trio is focused on financial inclusion for the next generation through UPI and card payment solutions.
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| domain | founded_year | HQ Location |
Offers an app-based neobank designed for teenagers.
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| domain | founded_year | HQ Location |
Provider of a digital payment platform that offers a prepaid RuPay powered smartcard designed for students to manage their day-to-day online and offline expenses, track spending, and earn rewards
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| domain | founded_year | HQ Location |
Payment cards for teens are issued to manage personal spending.
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| domain | founded_year | HQ Location |
Earning platform for youngsters is provided via project-based freelancing.
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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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Frequently Asked Questions about Finteck
When was Finteck founded?
Finteck was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Finteck located?
Finteck is headquartered in Bhubaneswar, India. It is registered at Bhubaneswar, Odisha, India.
How many employees does Finteck have?
As of Apr 08, 2024, the latest employee count at Finteck is 1.
What does Finteck do?
Finteck was founded in 2022 in Bhubaneswar, India, as a fintech platform focused on personal finance for teens. Spending habits are analyzed through analytics tools, and budgeting advice is offered. Investments, spending, and credit lines are managed by users, alongside digital banking services including UPI payments. Portfolios in mutual funds are handled, and instant money transfers to friends and family are enabled via the online interface.
Who are the top competitors of Finteck?
Finteck's top competitors include FamApp, Greenlight and akudo.
Who are Finteck's investors?
Finteck has 1 investor. Key investors include Startup India.