About Finteck
Finteck is a Financial Services company based in Bhubaneswar (India) founded in 2022 by Krishna Nayak and Ujjwal Kumar Sittu. It operates as an online money management platform for teens. The company has 1 employees. Its focus areas include FinTech, Banking Tech, Internet First Banks and Through Bank Partnerships. Its legal entity in India is Finteck Payment Labs Private Limited (U72200OR2022PTC039807). Its competitors include Greenlight, FamApp, akudo, Junio and YPay Card and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Bhubaneswar, India
- Employees 1
- Founders Krishna Nayak, Ujjwal Kumar Sittu
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website finteck.in
- Social LinkedIn Facebook
- Legal Name Finteck Payment Labs Private Limited
- Date of Incorporation 23 May, 2022
- Jurisdiction Bhubaneswar, Odisha, India
- Investors
- Employee Count1
Associated legal entities of Finteck
Finteck operates through Finteck Payment Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Finteck Payment Labs Private Limited CIN U72200OR2022PTC039807 | Active | 23 May 2022 | Bhubaneswar, Odisha | – | – | 2 | View details |
Funding Insights of Finteck
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Finteck 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 |
|---|---|---|---|---|---|
| Jun 2023 | – | Seed | – | Startup India | – |
1 investors in total: 1 institutional.
Investors in Finteck
Finteck has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Startup India.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Recognition, funding, and resources are provided to Indian startups. | 2016 | startupindia.gov.in | Delhi, India |
Investor details for Finteck
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 Finteck Payment Labs Private Limited (Finteck)
Finteck Payment Labs Private Limited is the primary company behind Finteck. The board of Finteck Payment Labs Private Limited currently have 2 directors; the longest-serving is Ujjwal Kumar Sittu, appointed in 2022. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ujjwal Kumar Sittu DIN 09091156 | Director | 23 May 2022 | 4 yrs 4 mo | Finteck Payment Labs Private Limited |
| Abhishek Kumar Sharma DIN 09615631 | Director | 23 May 2022 | 4 yrs 4 mo | Finteck Payment Labs Private Limited |
People of Finteck
2 people are tracked at Finteck (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Krishna Nayak | Co-Founder | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Finteck
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.
Timeline of Finteck
2 dated milestones of Finteck across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Finteck is founded.
- Funding First funding round.
Competitors of Finteck
Finteck has 9 listed competitors in our database, 9 of them funded. They include Greenlight, FamApp, akudo, Junio and YPay Card, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| greenlight.com | 2014 | Atlanta, United States | $556.5M | 210 | App-based investment platform for kids and teens is operated. | |
| famapp.in | 2019 | Bengaluru, India | $42.7M | 69 | FamApp by Trio is focused on financial inclusion for the next generation through UPI and card payment solutions. | |
| akudo.in | 2020 | Bengaluru, India | $4.2M | 1 | Offers an app-based neobank designed for teenagers. | |
| junio.in | 2020 | Delhi, India | $8.17M | – | 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 | |
| ypaycard.com | 2017 | Bareilly, India | $666,667 | 54 | Payment cards for teens are issued to manage personal spending. | |
| funngro.com | 2021 | Mumbai, India | $195,062 | – | Earning platform for youngsters is provided via project-based freelancing. | |
| streakcard.com | 2020 | Bengaluru, India | $678,579 | – | Digital bank for teenagers | |
| pencilton.com | 2017 | Hyderabad, India | $330,000 | – | An app-based platform offering prepaid card services for users. | |
| yodaa.club | 2021 | Mumbai, India | $125,000 | – | Payment cards and money management tools for teens are offered. |
Detailed competitors of Finteck
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.
Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as Finteck (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 Finteck
Finteck was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Finteck is headquartered in Bhubaneswar, India. It is registered at Bhubaneswar, Odisha, India.
Finteck has 1 employees.
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.
Finteck's top competitors include FamApp, Greenlight and akudo.
Finteck has 1 investor. Key investors include Startup India.
Finteck operates through Finteck Payment Labs Private Limited.
The legal entities of Finteck currently have 2 directors, including Ujjwal Kumar Sittu, Abhishek Kumar Sharma.