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
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- 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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People of Flexmoney
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Financial services, strategic advisory, and partnerships in investments.
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US-based startups are accelerated by Z5 Capital's sector-agnostic program.
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Ben Davey |
Angel investor and entrepreneur, co-founder of Airblack, focused on Indian startups
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Investor details for Flexmoney
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Investments & Acquisitions by Flexmoney
Investment portfolio details for Flexmoney
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Financial Statements - Flexmoney
Detailed financials for Flexmoney
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Flexmoney Comparisons
Peer comparison for Flexmoney
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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An online platform for purchase financing is provided by Simpl.
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Online platform for purchase financing
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Solar financing solutions are provided by Credit Fair in India.
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Online platform offering point-of-sale financing
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Provider of digital payment solutions, including deferred payment and personal loans
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No-credit-card EMI solutions for online purchases are provided.
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Detailed competitors of Flexmoney
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Latest news on Flexmoney
Complete news archive for Flexmoney
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Frequently Asked Questions about Flexmoney
Flexmoney was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Flexmoney is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Yezdi Lashkari is the current CEO of Flexmoney. They have also founded this company.
Flexmoney is a funded company, having raised a total of $4.8M across 1 funding round to date.
As of Apr 05, 2024, the latest employee count at Flexmoney is 52.
Annual revenue of Flexmoney is $1.58M as on Mar 31, 2023.
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.
Flexmoney has 6 investors. Key investors include Pravega Ventures, Z5 Capital, Ben Davey, Mike Smith, and Rishad Byramjee.