About Fintoo
Fintoo is a company based in Mumbai (India) founded in 2004 by Suchita Hingar and Manish Hinger.. Fintoo has raised $788.98 thousand across 4 funding rounds from investors including Vinodkumar Palrecha, Devendra Chaturvedi and Chirag Palrecha. The company has 1 employees as of March 24, 2024. Fintoo operates in a competitive market with competitors including Kristal, Wahed, TaxSpanner, FundExpert and Elever, among others.
- Headquarter Mumbai, India
- Employees 1 as on 24 Mar, 2024
- Founders Suchita Hingar, Manish Hinger
- Stage Minicorn
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Sectors
Technology
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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 Fintoo Wealth Private Limited
- Date of Incorporation 22 Nov, 2023
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$788.98 K (USD)
in 4 rounds
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Latest Funding Round
$89.97 K (USD), Angel Round
Nov 24, 2023
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Investors
& 9 more
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Employee Count
1
as on Mar 24, 2024
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Funding Insights of Fintoo
Fintoo has successfully raised a total of $788.98K across 4 strategic funding rounds. The most recent funding activity was a Angel Round round of $89.97 thousand completed in November 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 Total Funding
- Total Rounds 4
- Last Round Angel Round — $89,967
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First Round
First Round
(15 Mar 2019)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Angel Round - Fintoo | Valuation | Vinodkumar Palrecha |
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| Apr, 2022 | Amount | Angel Round - Fintoo | Valuation | Devendra Chaturvedi | |
| May, 2021 | Amount | Angel Round - Fintoo | Valuation | Keisha Lobo Rodrigues |
| 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 Fintoo
Fintoo has secured backing from 10 investors, including angel investors. Prominent investors backing the company include Vinodkumar Palrecha, Devendra Chaturvedi and Chirag Palrecha. 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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VP
Vinodkumar Palrecha |
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Founded Year | Domain | Location |
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DC
Devendra Chaturvedi |
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Founded Year | Domain | Location |
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CP
Chirag Palrecha |
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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 Fintoo
| 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 - Fintoo
| 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 |
Fintoo Comparisons
Competitors of Fintoo
Fintoo 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 Kristal, Wahed, TaxSpanner, FundExpert and Elever, 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 |
AI-based asset management is offered for individual investors.
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| domain | founded_year | HQ Location |
Shariah-compliant investments and savings are offered to individuals.
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| domain | founded_year | HQ Location |
Online tax e-filing and ITR preparation services are offered securely.
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| domain | founded_year | HQ Location |
Automated mutual fund investing platform
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| domain | founded_year | HQ Location |
Goal-based investments are enabled via an app-based platform.
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| domain | founded_year | HQ Location |
Goal-based investing platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Fintoo
When was Fintoo founded?
Fintoo was founded in 2004 and raised its 1st funding round 15 years after it was founded.
Where is Fintoo located?
Fintoo is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Fintoo a funded company?
Fintoo is a funded company, having raised a total of $788.98K across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $136.62K, raised on Mar 15, 2019.
How many employees does Fintoo have?
As of Mar 24, 2024, the latest employee count at Fintoo is 1.
What does Fintoo do?
Founded in 2004 and based in Mumbai, India, an online platform for financial planning and investment advisory is operated by Fintoo. Personalized financial advice, investment planning, and tax planning solutions are offered to individuals and investors. Investments can be tracked by asset type and scheme allocation, while transactions, current portfolio values, and invested amounts are viewable. Reminders for upcoming investment dates are also provided through the app.
Who are Fintoo's investors?
Fintoo has 10 investors. Key investors include Vinodkumar Palrecha, Devendra Chaturvedi, Chirag Palrecha, Jadvindar Singh, and Aatul Naik.
What is Fintoo's valuation?
The valuation of Fintoo is $9.56M as of Nov 2023.
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