About Flexmoney
Flexmoney is a company based in Mumbai (India) founded in 2015 by Yezdi Lashkari.. Flexmoney has raised $4.8 million across 1 funding round from investors including Pravega Ventures, Z5 Capital and Ben Davey. The company has 52 employees as of April 05, 2024. Flexmoney operates in a competitive market with competitors including Simpl, PayJoy, Credit Fair, ZestMoney and Lazypay, among others.
- Headquarter Mumbai, India
- Employees 52 as on 05 Apr, 2024
- Founders Yezdi Lashkari
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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
*********
- Legal Name Flexmoney Technologies Private Limited
- Date of Incorporation 08 Dec, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.58 M (USD)2.41as on Mar 31, 2023
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Net Profit
$-1.01 M (USD)-1290.21as on Mar 31, 2023
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EBITDA
$-678.49 K (USD)-290.28as on Mar 31, 2023
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Total Equity Funding
$4.8 M (USD)
in 1 rounds
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Latest Funding Round
$4.8 M (USD), Series A
Jun 15, 2021
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Investors
Pravega Ventures
& 5 more
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Employee Count
52
as on Apr 05, 2024
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Funding Insights of Flexmoney
Flexmoney has successfully raised a total of $4.8M through 1 strategic funding round. The most recent funding activity was a Series A round of $4.8 million completed in June 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 1
- Last Round Series A — $4.8M
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First Round
First Round
(15 Jun 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series A - Flexmoney | Valuation | Pravega Ventures |
| 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 Flexmoney
Flexmoney has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Pravega Ventures, Z5 Capital and Ben Davey. 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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Financial services, strategic advisory, and partnerships in investments.
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Founded Year | Domain | Location | |
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US-based startups are accelerated by Z5 Capital's sector-agnostic program.
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Founded Year | Domain | Location | |
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BD
Ben Davey |
Angel investor and entrepreneur, co-founder of Airblack, focused on Indian startups
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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 Flexmoney
| 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 - Flexmoney
| 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 |
Flexmoney Comparisons
Competitors of Flexmoney
Flexmoney 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 Simpl, PayJoy, Credit Fair, ZestMoney and Lazypay, 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 |
An online platform for purchase financing is provided by Simpl.
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| domain | founded_year | HQ Location |
Online platform for purchase financing
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| domain | founded_year | HQ Location |
Solar financing solutions are provided by Credit Fair in India.
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| domain | founded_year | HQ Location |
Online platform offering point-of-sale financing
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| domain | founded_year | HQ Location |
Provider of digital payment solutions, including deferred payment and personal loans
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| domain | founded_year | HQ Location |
No-credit-card EMI solutions for online purchases are provided.
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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 Flexmoney
Frequently Asked Questions about Flexmoney
When was Flexmoney founded?
Flexmoney was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is Flexmoney located?
Flexmoney is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Flexmoney?
Yezdi Lashkari is the current CEO of Flexmoney. They have also founded this company.
Is Flexmoney a funded company?
Flexmoney is a funded company, having raised a total of $4.8M across 1 funding round to date. The company's 1st funding round was a Series A of $4.8M, raised on Jun 15, 2021.
How many employees does Flexmoney have?
As of Apr 05, 2024, the latest employee count at Flexmoney is 52.
What is the annual revenue of Flexmoney?
Annual revenue of Flexmoney is $1.58M as on Mar 31, 2023.
What does Flexmoney do?
Flexmoney was established in 2015 in Mumbai, India, as a fintech firm focused on alternative lending. Purchase loans are provided at points of sale to enable consumer credit access. Instant credit decisions are facilitated through responses to basic questions, supporting financing options in the retail sector. Operations center on consumer lending within the Indian market.
Who are the top competitors of Flexmoney?
Who are Flexmoney's investors?
Flexmoney has 6 investors. Key investors include Pravega Ventures, Z5 Capital, Ben Davey, Mike Smith, and Rishad Byramjee.