About Florence Capital
Florence Capital is a Financial Services company based in Delhi (India) founded in 2016. Personal loans are offered via app to Indian women. Florence Capital has raised $1.34 million across 2 funding rounds from investors including Galaxy Group Investments, Harrow Capital and AKSS Holdings. The company has 10 employees. Florence Capital was last valued at $4.49 million in May 2020. Its Indian entity Hora Education & Services Private Limited reported revenue of ₹2.40 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Loanifi and LoanKhoj.
Company details
Florence Capital was founded in 2016 in Delhi, India, as a fintech platform focused on personal loans. Services are provided through an Android app, targeting Indian women in partnership with the NBFC Apollo Invest. An AI-based credit engine is employed for assessments, alongside recommendations for budgeting, investing, and tax savings. Operations center on digital lending within the Indian market.
- Headquarters Delhi, India
- Employees 10
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website florencecapital.in
- Social LinkedIn Facebook
- Legal Name Hora Education & Services Private Limited
- Date of Incorporation 20 Mar, 2017
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹2.40 Cr
FY 2025 · -37% YoY
- Net Loss-₹78.3 Lakh
FY 2025 · -33% margin
- EBITDA-₹16.1 Lakh
FY 2025 · -7% margin
- Total Equity Funding$1.34M (USD)
in 2 rounds
- Latest Funding Round$1.04M (USD), Seed
May 2020
- InvestorsGalaxy Group Investments
& 6 more
- Employee Count10
Associated legal entities of Florence Capital
Florence Capital operates through Hora Education & Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hora Education & Services Private Limited CIN U80904DL2017PTC314761 | Active | 20 Mar 2017 | New Delhi, Delhi | ₹2.4 Cr | 10 | 3 | View details |
Funding Insights of Florence Capital
Florence Capital has successfully raised a total of $1.34M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.04 million completed in May 2020. 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 $1.34M
- Total Rounds 2
- Last Round Seed — $1.04M
- First Round $299,722
(Mar 2017)
- Investors Count 7
All 2 funding rounds of Florence Capital 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 |
|---|---|---|---|---|---|
| May 2020 | $1.04M | Seed | $4.49M | Galaxy Group Investments | |
| Mar 2017 | $299,722 | Angel Round | $5.59M | Marcelo Campuzano Yaluk | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2020 | $4.49M | •••••••• |
| Mar 2017 | $5.59M | •••••••• |
Last known valuation $4.49M (May 2020). 7 investors in total: 3 institutional and 4 angel.
Investors in Florence Capital
Florence Capital has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Galaxy Group Investments, Harrow Capital and AKSS Holdings.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by the private equity firm. | galaxygroup.tcc.mode | New York, United States | ||
Private equity firm backed by single family office | harrowcapital.us | |||
Funding is provided to technology startups by AKSS Holdings. | akssholdings.tcc.mode | San Francisco, United States | ||
RS Rishi Sharad Jaitley | unknown_c0450c4be52e4caeb | |||
PA Poshak Agrawal | Co-founder of Athena Education, active angel investor in Indian startups | unknown_c638e5a279134d5c8 | ||
RS Rahul Subramaniam | Angel investor, ex-AWS leader, supports Indian startups | unknown_45083dee40aa437aa | ||
MC Marcelo Campuzano Yaluk | unknown_dd89954f349b4a76a |
Investor details for Florence Capital
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Hora Education & Services Private Limited (Florence Capital)
Hora Education & Services Private Limited is the primary company behind Florence Capital. The board of Hora Education & Services Private Limited currently have 3 directors; the longest-serving is Poshak Agrawal, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Poshak Agrawal DIN 07761867 | Director | 20 Mar 2017 | 9 yrs 7 mo | Hora Education & Services Private Limited |
| Rahul Subramaniam DIN 07764518 | Director | 20 Mar 2017 | 9 yrs 7 mo | Hora Education & Services Private Limited |
| Anupama Agrawal DIN 07761869 | Director | 20 Mar 2017 | 9 yrs 7 mo | Hora Education & Services Private Limited |
Financials of Florence Capital
Figures of Hora Education & Services Private Limited, the primary company behind Florence Capital, for FY 2025. Revenue was ₹2.40 Cr (-37% year on year). Net loss was -₹78.3 Lakh (-33% margin). EBITDA was -₹16.1 Lakh (-7% margin). Revenue has grown at a compounded annual rate of +71% over three years and +77% over five years.
- ₹2.40 CrRevenue · FY 2025 · -37% YoY
- -₹78.3 LakhNet loss · -33% margin
- -₹16.1 LakhEBITDA · -7% margin
- ₹7 LakhPaid-up capital
- 10Employees (provident fund records)
- +71%Revenue CAGR, 3 years
- +77%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hora Education & Services Private Limited are on its company page.
Detailed financial statements for Florence Capital
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Florence Capital
4 dated milestones of Florence Capital across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Florence Capital is founded.
- Funding First funding round of $300K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.0M.
Competitors of Florence Capital
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| goloanifi.com | 2024 | Bengaluru, India | Provides instant personal loans via app for professionals and self-employed. | |||
| loankhoj.in | 2016 | Hyderabad, India | Offers a versatile platform for accessing business loans. |
Detailed competitors of Florence Capital
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
3 companies that operate in the same segment as Florence Capital (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 Florence Capital
Florence Capital was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Florence Capital is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Florence Capital is a funded company, having raised a total of $1.34M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $299.72K, raised on Mar 2017.
Florence Capital has 10 employees.
The primary company behind Florence Capital, Hora Education & Services Private Limited, reported revenue of ₹2.40 Cr for FY 2025, down 37% year on year.
Florence Capital was founded in 2016 in Delhi, India, as a fintech platform focused on personal loans. Services are provided through an Android app, targeting Indian women in partnership with the NBFC Apollo Invest. An AI-based credit engine is employed for assessments, alongside recommendations for budgeting, investing, and tax savings. Operations center on digital lending within the Indian market.
Florence Capital has 7 investors. Key investors include Galaxy Group Investments, Harrow Capital, AKSS Holdings, Rishi Sharad Jaitley, and Poshak Agrawal.
The valuation of Florence Capital is $4.49M as of May 2020.
Florence Capital operates through Hora Education & Services Private Limited.
The legal entities of Florence Capital currently have 3 directors, including Poshak Agrawal, Rahul Subramaniam, Anupama Agrawal.