About Finzy
Finzy is a company based in Bengaluru (India) founded in 2016 by Amit More and Abhinandan Sangam.. Finzy has raised $7.79 million across 6 funding rounds from investors including Mayank Soti, Kulbir Singh Rana and Nitin Kumar Bhandari. The company has 40 employees as of March 27, 2024. Finzy offers products and services including P2P Lending Platform. Finzy operates in a competitive market with competitors including KoinWorks, Lufax, CreditEase, Mintos and Bondora, among others.
- Headquarter Bengaluru, India
- Employees 40 as on 27 Mar, 2024
- Founders Amit More, Abhinandan Sangam
- Stage Minicorn
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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 Bridge Fintech Solutions Private Limited
- Date of Incorporation 06 Oct, 2016
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$493.95 K (USD)64.91as on Mar 31, 2023
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Net Profit
$-1.06 M (USD)-10.56as on Mar 31, 2023
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EBITDA
$-894.67 K (USD)-3.14as on Mar 31, 2023
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Total Equity Funding
$7.79 M (USD)
in 6 rounds
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Latest Funding Round
$2 M (USD), Seed
Nov 05, 2021
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Investors
& 27 more
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Employee Count
40
as on Mar 27, 2024
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Products & Services of Finzy
Finzy offers a comprehensive portfolio of products and services, including P2P Lending Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital platform for connecting borrowers and lenders for personal loans
Funding Insights of Finzy
Finzy has successfully raised a total of $7.79M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in November 2021. 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 6
- Last Round Seed — $2.0M
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First Round
First Round
(30 Mar 2017)
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - Finzy | Valuation |
investors |
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| Jul, 2020 | Amount | Seed - Finzy | Valuation | Nitin Kumar Bhandari , Jagraj Kishore Soti | |
| May, 2019 | Amount | Seed - Finzy | Valuation | Sameer Narayan Navaratna , Suresh Kumar Ranka |
| 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 Finzy
Finzy has secured backing from 28 investors, including angel investors. Prominent investors backing the company include Mayank Soti, Kulbir Singh Rana and Nitin Kumar Bhandari. 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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MS
Mayank Soti |
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Founded Year | Domain | Location |
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KS
Kulbir Singh Rana |
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Founded Year | Domain | Location |
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NK
Nitin Kumar Bhandari |
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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 Finzy
| 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 - Finzy
| 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 |
Finzy Comparisons
Competitors of Finzy
Finzy 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 KoinWorks, Lufax, CreditEase, Mintos and Bondora, 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 |
Developer of a P2P lending platform
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| domain | founded_year | HQ Location |
Personal loans are connected via an online P2P lending platform.
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| domain | founded_year | HQ Location |
Financial services in wealth management and microcredit loans are offered.
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| domain | founded_year | HQ Location |
P2P marketplace for consumer and business loans
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| domain | founded_year | HQ Location |
Online P2P marketplace for consumer and business loans
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| domain | founded_year | HQ Location |
Developer of online P2P marketplace for commercial real estate and business loans
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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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Latest news on Finzy
Frequently Asked Questions about Finzy
When was Finzy founded?
Finzy was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Finzy located?
Finzy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Finzy?
Amit More is the current CEO of Finzy. They have also founded this company.
Is Finzy a funded company?
Finzy is a funded company, having raised a total of $7.79M across 6 funding rounds to date. The company's 1st funding round was a Seed of $2.53M, raised on Mar 30, 2017.
How many employees does Finzy have?
As of Mar 27, 2024, the latest employee count at Finzy is 40.
What is the annual revenue of Finzy?
Annual revenue of Finzy is $493.95K as on Mar 31, 2023.
What does Finzy do?
Finzy was established in 2016 in Bengaluru, India, within the fintech sector. An online peer-to-peer platform is maintained to connect borrowers and lenders. Various loan types are supported, such as debt consolidation, renovation, healthcare, auto, business, and purchase loans. Flexible options for loan amounts, terms, and repayments are provided to accommodate user needs across consumer and business segments.
Who are the top competitors of Finzy?
Finzy's top competitors include Bondora, Lufax and CreditEase.
What products or services does Finzy offer?
Finzy offers P2P Lending Platform.
Who are Finzy's investors?
Finzy has 28 investors. Key investors include Mayank Soti, Kulbir Singh Rana, Nitin Kumar Bhandari, Jagraj Kishore Soti, and Sanjeev Rastogi.
What is Finzy's valuation?
The valuation of Finzy is $26.32M as of Jul 2020.
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