About ForwardAI
ForwardAI is a Financial Services company based in Vancouver (Canada) founded in 2021 by Joe Mutti and Nick Chandi. It delivers API-based accounting solutions for banks and lenders. It operates on a B2B model. Its chief executive is Nick Chandi. Its Indian entity Forward Ai India Solutions Private Limited reported revenue of ₹7.28 Cr. Its focus areas include Fintech, Accounting Solutions and API Platforms. Its competitors include Codat, Rutter, LiveFlow, Helu and Railz and 5 more; 8 of its 10 listed competitors have raised funding.
Company details
ForwardAI, established in 2021, excels in offering financial products and advice, fintech, accounting solutions, and api platforms. Delivers API-based accounting solutions for banks and lenders. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Vancouver, Canada
- Employees 33
- Founders Joe Mutti, Nick Chandi
- SectorsFinancial Services
- Website forwardai.com
- Social LinkedIn X Facebook YouTube
- Legal Name Forward Ai India Solutions Private Limited
- Date of Incorporation 03 Mar, 2022
- Jurisdiction Chandigarh, India
- Annual Revenue₹7.28 Cr
FY 2024 · +9% YoY
- Net Profit₹28.7 Lakh
FY 2024 · 4% margin
- EBITDA₹43.6 Lakh
FY 2024 · 6% margin
- Employee Count33
Associated legal entities of ForwardAI
ForwardAI operates through Forward Ai India 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 |
|---|---|---|---|---|---|---|---|
| Forward Ai India Solutions Private Limited CIN U72900CH2022FTC044225 | Active | 03 Mar 2022 | Chandigarh, Chandigarh | ₹7.3 Cr | 33 | 2 | View details |
Apps and channels of ForwardAI
its YouTube channel ForwardAI has 0026 subscribers.
Board of directors of Forward Ai India Solutions Private Limited (ForwardAI)
Forward Ai India Solutions Private Limited is the primary company behind ForwardAI. The board of Forward Ai India Solutions Private Limited currently have 2 directors; the longest-serving is Harnek Singh Chandi, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harnek Singh Chandi DIN 09525558 | Director | 03 Mar 2022 | 4 yrs 7 mo | Forward Ai India Solutions Private Limited |
| Gurdial Singh Josan DIN 08188108 | Director | 03 Mar 2022 | 4 yrs 7 mo | Forward Ai India Solutions Private Limited |
People of ForwardAI
2 people are tracked at ForwardAI (2 in leadership); the tracked headcount is 33.
| Name | Role | Group |
|---|---|---|
Joe Mutti | Co-Founder | Leadership |
Nick Chandi | Co-Founder, CEO | Leadership |
Complete people profiles for ForwardAI
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Financials of ForwardAI
Figures of Forward Ai India Solutions Private Limited, the primary company behind ForwardAI, for FY 2024. Revenue was ₹7.28 Cr (+9% year on year). Net profit was ₹28.7 Lakh (4% margin). EBITDA was ₹43.6 Lakh (6% margin).
- ₹7.28 CrRevenue · FY 2024 · +9% YoY
- ₹28.7 LakhNet profit · 4% margin
- ₹43.6 LakhEBITDA · 6% margin
- ₹10 LakhPaid-up capital
- 33Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Forward Ai India Solutions Private Limited are on its company page.
Detailed financial statements for ForwardAI
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Competitors of ForwardAI
ForwardAI has 10 listed competitors in our database, 8 of them funded. They include Codat, Rutter, LiveFlow, Helu and Railz, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| codat.io | 2017 | London, United Kingdom | $172.46M | 210 | Developer of cloud-based financial analysis and forecasting solutions for small and medium businesses | |
| rutter.com | 2019 | San Francisco, United States | $28.5M | – | Finance and accounting management is facilitated via an API platform. | |
| liveflow.io | 2021 | Redwood, United States | $17.13M | – | LiveFlow is recognized as a leading platform for multi-entity finance automation. | |
| helu.io | 2020 | Vienna, Austria | $15M | – | Accounting data is connected, controlled, and analyzed for businesses. | |
| railz.ai | 2020 | Toronto, Canada | $15.1M | 48 | Accounting data services are delivered to businesses via cloud platforms. | |
| wealthica.com | 2015 | Montreal, Canada | – | 15 | Portfolio performance is tracked via aggregation from Canadian financial institutions. | |
| cashdirector.com | 2012 | Warsaw, Poland | $2.85M | – | AI-driven automated accounting solutions are offered for businesses. | |
| ascentbusiness.com | 2013 | Singapore | – | – | AI-driven bank reconciliation and escrow solutions are offered for businesses. | |
| zybra.in | 2015 | Ahmedabad, India | $106,802 | – | Accounting software for SMEs is provided via mobile apps. | |
| tallystreet.com | 2018 | Boston, United States | $750,000 | – | Accounting data is aggregated for business insights and analytics. |
Detailed competitors of ForwardAI
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Web traffic of ForwardAI
Websites that share an audience with ForwardAI (forwardai.com).
Websites whose visitors overlap most with ForwardAI. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| forwrd.ai | 35% | 3.5K | #5,314,356 | View details |
Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as ForwardAI (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Related news about Forwardai
Complete news archive for ForwardAI
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Frequently Asked Questions about ForwardAI
ForwardAI was founded in 2021.
ForwardAI is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Nick Chandi is the current CEO of ForwardAI. They have also founded this company.
ForwardAI has 33 employees.
The primary company behind ForwardAI, Forward Ai India Solutions Private Limited, reported revenue of ₹7.28 Cr for FY 2024, up 9% year on year.
ForwardAI, established in 2021, excels in offering financial products and advice, fintech, accounting solutions, and api platforms. Delivers API-based accounting solutions for banks and lenders. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
ForwardAI operates through Forward Ai India Solutions Private Limited.
The legal entities of ForwardAI currently have 2 directors, including Harnek Singh Chandi, Gurdial Singh Josan.