About FixNix
FixNix is a Financial Services company based in Chennai (India) founded in 2012. It operates as a cloud-based GRC solutions are delivered for SMBs and enterprises. It operates in the Financial Services and Technology sectors. FixNix has raised $762.51 thousand across 7 funding rounds from investors including Government of Tamil Nadu, Rise accelerator and Jay Vijayan. FixNix was last valued at $13.5 million in March 2016. Its Indian entity Fixnix Infosec Solutions Private Limited reported revenue of ₹2.3 Lakh. FixNix offers products and services including FreshGRC and Whistle-Blower Solution. Its focus areas include Enterprise Applications, GRC Software, Integrated GRC and Horizontal. Its competitors include IDnow, Alloy, NAVEX Global, Parallel Markets and Craft and 5 more; 10 of its 10 listed competitors have raised funding.
Company details
FixNix provides a SaaS-based GRC solution for SMBs and enterprises for automating IT security workflow actions. Platform is an enterprise tool which automates tasks like audit, risk, security incident, asset and policy management. Solution includes API integrations with Helpdesk, Invoice management tools and approached with gamification features to improve engagement. The solution is priced 30k for in-premise deployment and subscription as low as 500 to 5k monthly and claims to match its competitors products in terms of functionality. Claims to have generated a revenue of 500k since launch. Received 25 subsidy from the TamilNadu government. Claims to have over 213 corporate clients. One of the selected speaker at Startup India Event, 2016. Raised 500k in pre-series A funding from Jay Vijayan (CIO, Tesla) and other Silicon Valley-based angel investors in March 2016. The company also claimed to have over 200 clients while generating revenues close to 500K at the same time. The company is a regional winner of the Microsoft BizSparks challenge, Nasscomm Emerge 50 and has also graduated from the Barclays and SocGen Accelerator programs.
- Annual Revenue₹2.3 Lakh
FY 2017 · -90% YoY
- Net Loss-₹9.1 Lakh
FY 2017 · -389% margin
- EBITDA₹1.1 Lakh
FY 2017 · 47% margin
- Total Equity Funding$762.51K (USD)
in 7 rounds
- InvestorsGovernment of Tamil Nadu
& 2 more
Associated legal entities of FixNix
FixNix operates through Fixnix Infosec Solutions Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fixnix Infosec Solutions Private Limited CIN U74920TG2012PTC084335 | Strike Off | 22 Nov 2012 | Hyderabad, Telangana | ₹0.0 Cr | – | 2 | View details |
Products & Services of FixNix
FixNix offers a comprehensive portfolio of products and services, including FreshGRC and Whistle-Blower Solution.
Platform for simplifying governance and compliance monitoring.
Tool for anonymous reporting and investigation of malpractices.
Apps and channels of FixNix
its YouTube channel FixNix has 130 subscribers and 30 videos.
Videos from FixNix
The most watched videos on FixNix's YouTube channel, FixNix (130 subscribers). Click a video to play it here.
More on FixNix.
Funding Insights of FixNix
FixNix has successfully raised a total of $762.51K across 7 strategic funding rounds. 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 $762,510
- Total Rounds 7
- First Round $150,000
(Jun 2013)
- Investors Count 3
All 7 funding rounds of FixNix 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 |
|---|---|---|---|---|---|
| Oct 2016 | – | Seed | – | Rise accelerator | – |
| Mar 2016 | $500,000 | Angel Round | $13.5M | Jay Vijayan | – |
| Aug 2015 | $100,000 | Seed | – | – | – |
| Jan 2014 | $162,510 | Debt – Conventional | – | – | – |
| Nov 2013 | $162,510 | Seed | – | – | – |
| Jun 2013 | $5,000 | Grant | – | – | – |
| Jun 2013 | $150,000 | Debt – Conventional | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2016 | $13.5M | •••••••• |
Last known valuation $13.5M (Mar 2016). 3 investors in total: 2 institutional and 1 angel.
Investors in FixNix
FixNix has secured backing from 3 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Government of Tamil Nadu, Rise accelerator and Jay Vijayan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
FinTech startups are accelerated through an 18-week Mumbai-based program. | – | theriseaccelerator.com | Mumbai, India | |
Government services and information are provided via the portal. | 1950 | tn.gov.in | Chennai, India | |
JV Jay Vijayan | Founder of Tekion, ex-CIO Tesla, active angel investor in tech startups | – | unknown_054fe4e4c1c54724b | - |
Investor details for FixNix
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Fixnix Infosec Solutions Private Limited (FixNix)
Fixnix Infosec Solutions Private Limited is the primary company behind FixNix. The board of Fixnix Infosec Solutions Private Limited currently have 2 directors; the longest-serving is Santhakumari Sankaran, appointed in 2012.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Santhakumari Sankaran DIN 06403251 | Director | 22 Nov 2012 | 13 yrs 10 mo | Fixnix Infosec Solutions Private Limited |
| Shanmugavel Sankaran DIN 06403255 | Director | 22 Nov 2012 | 13 yrs 10 mo | Fixnix Infosec Solutions Private Limited |
People of FixNix
3 people are tracked at FixNix (1 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
VIVEK KUMAR | Product Manager | Team |
Velmurugan K | Product Manager | Team |
Complete people profiles for FixNix
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Verified entity values are shown only after access is granted.
Financials of FixNix
Figures of Fixnix Infosec Solutions Private Limited, the primary company behind FixNix, for FY 2017. Revenue was ₹2.3 Lakh (-90% year on year). Net loss was -₹9.1 Lakh (-389% margin). EBITDA was ₹1.1 Lakh (47% margin).
- ₹2.3 LakhRevenue · FY 2017 · -90% YoY
- -₹9.1 LakhNet loss · -389% margin
- ₹1.1 LakhEBITDA · 47% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Fixnix Infosec Solutions Private Limited are on its company page.
Detailed financial statements for FixNix
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of FixNix
4 dated milestones of FixNix across 4 years, from founding to its latest funding, stage changes and deals.
- Founded FixNix is founded.
- Funding First funding round of $150K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed,.
Competitors of FixNix
FixNix has 10 listed competitors in our database, 10 of them funded. They include IDnow, Alloy, NAVEX Global, Parallel Markets and Craft, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| idnow.io | 2010 | Munich, Germany | $40M | 29 | Automated and expert-led identity verification services are provided. | |
| alloy.com | 2015 | New York, United States | $211.37M | 216 | Identity decisioning platform is provided for banks and fintech firms. | |
| navexglobal.com | 2012 | Lake Oswego, United States | $213.95M | 1,220 | Cloud-based ethics and compliance software is provided for risk management. | |
| parallelmarkets.com | 2018 | New York, United States | $11.56M | – | Software solutions for private market investors | |
| craft.co | 2014 | Francisco, United States | $42M | 51 | Craft is recognized for providing supply chain resilience solutions. | |
| advancegroup.com | 2016 | Singapore | $480M | – | Provides loans, risk management solutions and merchant service platform | |
| feedzai.com | 2011 | San Mateo, United States | $346.8M | – | Cloud-based big data and fraud prevention solutions are offered. | |
| processunity.com | 2003 | Concord, United States | $69.07M | 214 | Vendor risk management solutions for businesses & financial institutions | |
| auditboard.com | 2014 | Cerritos, United States | $43.61M | 642 | Cloud-based GRC and audit management solutions are provided. | |
| socure.com | 2012 | New York, United States | $650.25M | 88 | AI-based identity verification and fraud detection are provided. |
Detailed competitors of FixNix
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Top companies in Regulatory & Compliance Tech
10 companies that operate in the same segment as FixNix (Regulatory & Compliance Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based anti-money laundering solutions are provided for compliance. | 2014 | London, England, United Kingdom | USD 167.21 M | USD 45.67 M | 443 | |
CLEAR is focused on secure identity verification for seamless experiences. | 2010 | New York, New York, United States | USD 135 M | USD 900.78 M | 4,019 | |
Automated and expert-led identity verification services are provided. | 2010 | Munchen, Bayern, Germany | USD 40 M | – | 29 | |
AI-based fraud prevention for e-commerce payments is provided. | 2013 | New York, New York, United States | USD 232.02 M | USD 346.08 M | 724 | |
AI-powered data and decision intelligence solutions are provided for businesses. | 2016 | London, England, United Kingdom | USD 545.02 M | USD 161.29 M | 886 | |
Facial recognition and AI video analysis solutions are provided. | 2011 | Beijing, Beijing, China | USD 1.98 B | – | 413 | |
Compliance management solutions for financial institutions | 2014 | New York, New York, United States | USD 461 M | – | 815 | |
Identity verification, background screening, and fraud prevention solutions are provided. | 2011 | Mumbai, Maharashtra, India | USD 103.31 M | – | – | |
Software solutions for identity management are provided via APIs. | 2006 | Trondheim, Trøndelag, Norway | USD 2.09 M | USD 72.04 M | 150 | |
AI-driven image recognition for emotion and activity analysis is provided. | – | Boston, Massachusetts, United States | USD 59.7 M | – | 40 |
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Related news about Fixnix
Complete news archive for FixNix
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Frequently Asked Questions about FixNix
FixNix was founded in 2012 and raised its 1st funding round 1 year after it was founded.
FixNix is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
FixNix is a funded company, having raised a total of $762.51K across 7 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $150K, raised on Jun 2013.
The primary company behind FixNix, Fixnix Infosec Solutions Private Limited, reported revenue of ₹2.3 Lakh for FY 2017, down 90% year on year.
FixNix provides a SaaS-based GRC solution for SMBs and enterprises for automating IT security workflow actions. Platform is an enterprise tool which automates tasks like audit, risk, security incident, asset and policy management. Solution includes API integrations with Helpdesk, Invoice management tools and approached with gamification features to improve engagement. The solution is priced 30k for in-premise deployment and subscription as low as 500 to 5k monthly and claims to match its competitors products in terms of functionality. Claims to have generated a revenue of 500k since launch. Received 25 subsidy from the TamilNadu government. Claims to have over 213 corporate clients. One of the selected speaker at Startup India Event, 2016. Raised 500k in pre-series A funding from Jay Vijayan (CIO, Tesla) and other Silicon Valley-based angel investors in March 2016. The company also claimed to have over 200 clients while generating revenues close to 500K at the same time. The company is a regional winner of the Microsoft BizSparks challenge, Nasscomm Emerge 50 and has also graduated from the Barclays and SocGen Accelerator programs.
FixNix's top competitors include IDnow, AuditBoard and Craft.
FixNix offers FreshGRC and Whistle-Blower Solution.
FixNix has 3 investors. Key investors include Government of Tamil Nadu, Rise accelerator, and Jay Vijayan.
The valuation of FixNix is $13.5M as of Mar 2016.
FixNix operates through Fixnix Infosec Solutions Private Limited.
The legal entities of FixNix currently have 2 directors, including Santhakumari Sankaran, Shanmugavel Sankaran.