About Fold
Fold is a company based in Bengaluru (India) founded in 2019 by Nash Vail, Utkarsh Verma, and Akash Nimare. It operates as a FinTech. Fold has raised $2.5 million across 2 funding rounds from investors including Rainmatter. The company has 1 employees as of April 04, 2024. Fold offers products and services including Fold App. Fold operates in a competitive market with competitors including Qwist, Snoop, FloatMe, Circit and Kreditz, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 04 Apr, 2024
- Founders Nash Vail, Utkarsh Verma, Akash Nimare
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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 Lunchbrake Classic Pvt Ltd
- Date of Incorporation 05 Jul, 2020
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
Not available
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Net Profit
-$68.57 K (USD)-106903.15as on Mar 31, 2022
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EBITDA
-$65.72 K (USD)-24602.88as on Mar 31, 2022
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Total Equity Funding
$2.5 M (USD)
in 2 rounds
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Latest Funding Round
Not available
- Investors
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Employee Count
1
as on Apr 04, 2024
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Products & Services of Fold
Fold offers a comprehensive portfolio of products and services, including Fold App.
Fold App is used for managing personal finances effectively.
People of Fold
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Funding Insights of Fold
Fold has successfully raised a total of $2.5M across 2 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.
Investors in Fold
Fold has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Rainmatter.
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Investor details for Fold
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Investments & Acquisitions by Fold
Investment portfolio details for Fold
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Financial Statements - Fold
Detailed financials for Fold
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Fold Comparisons
Peer comparison for Fold
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Competitors of Fold
Fold 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 Qwist, Snoop, FloatMe, Circit and Kreditz, among others.
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Smart data solutions for open finance are delivered by Qwist.
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Expense management for individuals is enabled via a mobile app.
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Online platform for cash advance loans
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Assets are verified by auditors via a digital management platform.
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Provider of credit scoring application for P2P transactions
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Open banking API developed for aggregating multiple bank accounts.
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Detailed competitors of Fold
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Latest news on Fold
Complete news archive for Fold
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Frequently Asked Questions about Fold
Fold was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Fold is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Akash Nimare is the current CEO of Fold. They have also founded this company.
Fold is a funded company, having raised a total of $2.5M across 2 funding rounds to date.
As of Apr 04, 2024, the latest employee count at Fold is 1.
Fold is created to help users manage their personal finances by securely connecting to bank accounts through a government-regulated framework. It is designed to automatically track and categorize expenses, providing actionable insights into financial health. The app is focused on simplifying money management, reducing anxiety, and offering tools for better decision-making in the personal finance sector.
Fold offers Fold App.
Fold has 1 investor. Key investors include Rainmatter.