About Finwego
Finwego is a Financial Services company based in Chennai (India) founded in 2018. School loans are offered via an online financial platform. Finwego has raised $2.07 million across 3 funding rounds from investors including Village Capital, Elevation Capital and Michael Yee McCaffrey. The company has 33 employees. Its Indian entity Mossbrae Solutions Private Limited reported revenue of ₹19.2 Lakh. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Auxilo, Eduvanz and GyanDhan; 3 of its 3 listed competitors have raised funding.
Company details
Finwego was established in 2018 in Chennai, India, within the financial services sector. An online platform is maintained to provide targeted loans for educational institutions, including growth capital loans, vendor loans, staff loans for personal needs, and student fee loans. Loan approvals are determined by credit scores, intended purpose, and repayment terms, supporting school operations and student financing across India.
- Headquarters Chennai, India
- Employees 33
- SectorsFinancial Services
- Website finwego.com
- Legal Name Mossbrae Solutions Private Limited
- Date of Incorporation 09 Mar, 2018
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹19.2 Lakh
FY 2024 · +200% YoY
- Net Loss-₹24.5 Lakh
FY 2024 · -128% margin
- EBITDA-₹24.5 Lakh
FY 2024 · -128% margin
- Total Equity Funding$2.07M (USD)
in 3 rounds
- Latest Funding Round$1.7M (USD), Seed
Jun 2019
- InvestorsVillage Capital
& 12 more
- Employee Count33
Associated legal entities of Finwego
Finwego operates through Mossbrae Solutions 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 |
|---|---|---|---|---|---|---|---|
| Mossbrae Solutions Private Limited CIN U72100TN2018PTC121268 | Active | 09 Mar 2018 | Chennai, Tamil Nadu | ₹0.2 Cr | 33 | 2 | View details |
Funding Insights of Finwego
Finwego has successfully raised a total of $2.07M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.7 million completed in June 2019. 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 $2.07M
- Total Rounds 3
- Last Round Seed — $1.7M
- Investors Count 13
All 3 funding rounds of Finwego 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 2019 | $1.7M | Seed | – | Elevation Capital | |
| Jan 2019 | $369,360 | Angel Round | – | Michael Yee McCaffrey | |
| May 2018 | Seed | – | MassChallenge | – |
13 investors in total: 3 institutional and 10 angel.
Investors in Finwego
Finwego has secured backing from 13 investors, including venture fund and angel investors. Prominent investors backing the company include Village Capital, Elevation Capital and Michael Yee McCaffrey.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Entrepreneurship support, ecosystem strengthening, and impact investing services are offered by Village Capital. | vilcap.com | |||
Elevation Capital is focused on early-stage tech investments in India. | elevationcapital.com | Delhi, India | ||
Early-stage entrepreneurs are accelerated through MassChallenge's program. | masschallenge.org | Boston, United States | ||
MY Michael Yee McCaffrey | unknown_2f54bfef47d54bbeb | |||
IM Ignacio Mas | unknown_4926b6cc6bc74617b | |||
GL Gary L Price | unknown_c354b2c78e314658b | |||
RR Raghavan Ram | unknown_aba525b2ab1842718 | |||
SL Shan Ling Pan | unknown_9849f5002d9b4fb5b | |||
MJ Maureen Joy Villanueva Thacker | unknown_5c2184b966924e899 | |||
RC Robert Campbell Mccleland | unknown_8632cf8c3f224b27a |
Investor details for Finwego
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Mossbrae Solutions Private Limited (Finwego)
Mossbrae Solutions Private Limited is the primary company behind Finwego. The board of Mossbrae Solutions Private Limited currently have 2 directors; the longest-serving is Paveethra, appointed in 2018. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Paveethra DIN 07970973 | Director | 09 Mar 2018 | 8 yrs 7 mo | Mossbrae Solutions Private Limited |
| Shivshankar Vadivelalagan DIN 07970967 | Managing Director | 09 Mar 2018 | 8 yrs 7 mo | Mossbrae Solutions Private Limited |
Financials of Finwego
Figures of Mossbrae Solutions Private Limited, the primary company behind Finwego, for FY 2024. Revenue was ₹19.2 Lakh (+200% year on year). Net loss was -₹24.5 Lakh (-128% margin). EBITDA was -₹24.5 Lakh (-128% margin). Revenue has grown at a compounded annual rate of -45% over three years and 0% over five years.
- ₹19.2 LakhRevenue · FY 2024 · +200% YoY
- -₹24.5 LakhNet loss · -128% margin
- -₹24.5 LakhEBITDA · -128% margin
- ₹1.8 LakhPaid-up capital
- 33Employees (provident fund records)
- -45%Revenue CAGR, 3 years
- 0%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mossbrae Solutions Private Limited are on its company page.
Detailed financial statements for Finwego
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Finwego
3 dated milestones of Finwego across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Finwego is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $1.7M.
Competitors of Finwego
Finwego has 3 listed competitors in our database, 3 of them funded. They include Auxilo, Eduvanz and GyanDhan.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| auxilo.com | 2017 | Mumbai, India | $127.05M | 459 | Financial products for education loans and services are provided. | |
| eduvanz.com | 2016 | Mumbai, India | $40.28M | 137 | Financial assistance is provided for education, career, and skills development. | |
| gyandhan.com | 2015 | Delhi, India | $7.78M | 267 | Education loan marketplace and study abroad support are provided. |
Detailed competitors of Finwego
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Alternative Lending
3 companies that operate in the same segment as Finwego (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Frequently Asked Questions about Finwego
Finwego was founded in 2018.
Finwego is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Finwego is a funded company, having raised a total of $2.07M across 3 funding rounds to date.
Finwego has 33 employees.
The primary company behind Finwego, Mossbrae Solutions Private Limited, reported revenue of ₹19.2 Lakh for FY 2024, up 200% year on year.
Finwego was established in 2018 in Chennai, India, within the financial services sector. An online platform is maintained to provide targeted loans for educational institutions, including growth capital loans, vendor loans, staff loans for personal needs, and student fee loans. Loan approvals are determined by credit scores, intended purpose, and repayment terms, supporting school operations and student financing across India.
Finwego has 13 investors. Key investors include Village Capital, Elevation Capital, Michael Yee McCaffrey, Ignacio Mas, and Gary L Price.
Finwego operates through Mossbrae Solutions Private Limited.
The legal entities of Finwego currently have 2 directors, including Paveethra, Shivshankar Vadivelalagan.