About Fortiate
Fortiate is a Financial Services company based in Pune (India) founded in 2019. It delivers credit risk assessment and KYC solutions for banks. It operates on a B2B model. Its focus areas include Fintech, Risk Assessment and KYC Solutions. Its legal entity in India is Fortiate Data Solutions Private Limited (U72900PN2018PTC178786). Similar companies include Alloy, Socure, Synctera, BioCatch and Verafin and 3 more; 8 of its 8 listed similar companies have raised funding.
Company details
Fortiate operates with a B2B model, focusing on offering financial products and advice, fintech, conducting risk assessments, and offering KYC solutions. Delivers credit risk assessment and KYC solutions for banks. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Pune, India
- SectorsFinancial Services
- Website fortiate.com
- Legal Name Fortiate Data Solutions Private Limited
- Date of Incorporation 18 Sep, 2018
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹44,988
FY 2024 · -96% YoY
- Net Loss-₹18,862
FY 2024 · -42% margin
- EBITDA-₹2.4 Lakh
FY 2024 · -533% margin
Associated legal entities of Fortiate
Fortiate operates through Fortiate Data Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fortiate Data Solutions Private Limited CIN U72900PN2018PTC178786 | Active | 18 Sep 2018 | Pune, Maharashtra | ₹0.0 Cr | – | 2 | View details |
Board of directors of Fortiate Data Solutions Private Limited (Fortiate)
Fortiate Data Solutions Private Limited is the primary company behind Fortiate. The board of Fortiate Data Solutions Private Limited currently have 2 directors; the longest-serving is Amod Dattatraya Kulkarni, appointed in 2018. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amod Dattatraya Kulkarni DIN 08227363 | Director | 18 Sep 2018 | 8 yrs 1 mo | Fortiate Data Solutions Private Limited |
| Amit Mohan Jambhekar DIN 07711862 | Director | 22 Oct 2020 | 5 yrs 11 mo | Fortiate Data Solutions Private Limited |
Financials of Fortiate
Figures of Fortiate Data Solutions Private Limited, the primary company behind Fortiate, for FY 2024. Revenue was ₹44,988 (-96% year on year). Net loss was -₹18,862 (-42% margin). EBITDA was -₹2.4 Lakh (-533% margin). Revenue has grown at a compounded annual rate of -70% over three years.
- ₹44,988Revenue · FY 2024 · -96% YoY
- -₹18,862Net loss · -42% margin
- -₹2.4 LakhEBITDA · -533% margin
- ₹10 LakhPaid-up capital
- -70%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Fortiate Data Solutions Private Limited are on its company page.
Detailed financial statements for Fortiate
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Similar companies to Fortiate
Fortiate has 8 listed similar companies in our database, 8 of them funded. They include Alloy, Socure, Synctera, BioCatch and Verafin, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| alloy.com | 2015 | New York, United States | $211.37M | 216 | Identity decisioning platform is provided for banks and fintech firms. | |
| socure.com | 2012 | New York, United States | $650.25M | 88 | AI-based identity verification and fraud detection are provided. | |
| synctera.com | 2019 | San Francisco, United States | $95.17M | 58 | Software suite is developed for banks and financial institutions. | |
| biocatch.com | 2011 | Tel Aviv, Israel | $253M | – | Provider of behavioral biometrics cybersecurity solutions | |
| verafin.com | 2003 | – | $448.57M | 725 | Cloud-based compliance and anti-money laundering solutions are offered. | |
| finbox.in | 2015 | Bengaluru, India | $51.09M | 215 | Developer of digital credit infrastructure and risk intelligence suite | |
| sayari.com | 2015 | – | $67.74M | 104 | Compliance and risk management solution for banking industry | |
| niceactimize.com | 1999 | Hoboken, United States | $24M | 1,029 | Cloud-based anti-money laundering solutions are offered for financial compliance. |
Detailed similar companies of Fortiate
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Top companies in Credit Rating Agencies
10 companies that operate in the same segment as Fortiate (Credit Rating Agencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Offers business loans and working capital to SMEs via tech-driven platform. | 2014 | Mumbai, Maharashtra, India | – | USD 34.43 M | 672 | |
Offers credit ratings for bank loans, bonds, and financial instruments in India. | 2007 | Bengaluru, Karnataka, India | – | USD 6.68 M | – | |
Credit information, business intelligence, and advisory services globally. | 1983 | Mumbai, Maharashtra, India | – | USD 2.17 M | 67 | |
Credit rating services and financial analysis in India. | 1986 | Delhi, Delhi, India | – | USD 6.56 M | – | |
Functions as an app-based platform for building and improving credit scores. | 2020 | Bengaluru, Karnataka, India | – | – | 1 | |
Financial services involving loans and risk advisory for microenterprises are offered by FairConnect. | – | Gurugram, Haryana, India | – | USD 93.01 K | 4 | |
Credit scoring services are provided for financial evaluations. | 2024 | Louisville, Kentucky, United States | USD 1.13 M | – | – | |
Delivers advanced credit assessment solutions for financial institutions. | 2012 | Mumbai, Maharashtra, India | – | – | – | |
Delivers credit risk management, Salesforce analytics, and reporting services. | 2011 | Mumbai, Maharashtra, India | – | USD 1.24 M | 76 | |
Financial clearing, settlement, and risk management services in India. | 2007 | Mumbai, Maharashtra, India | – | USD 47.77 M | – |
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Frequently Asked Questions about Fortiate
Fortiate was founded in 2019.
Fortiate is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
The primary company behind Fortiate, Fortiate Data Solutions Private Limited, reported revenue of ₹44,988 for FY 2024, down 96% year on year.
Fortiate operates with a B2B model, focusing on offering financial products and advice, fintech, conducting risk assessments, and offering KYC solutions. Delivers credit risk assessment and KYC solutions for banks. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Fortiate operates through Fortiate Data Solutions Private Limited.
The legal entities of Fortiate currently have 2 directors, including Amod Dattatraya Kulkarni, Amit Mohan Jambhekar.