About FriendLoan
FriendLoan is a Financial Services company based in Chennai (India) founded in 2016. Peer-to-peer lending platform for personal loans is operated. FriendLoan has raised $739.46 thousand across 2 funding rounds from investors including Thallam Sreekumar, Muthu Pl and Vijayakumar Vaidhyanathan. FriendLoan was last valued at $3.62 million in March 2020. Its website friendloan.in draws about 15 thousand monthly visits. Its Indian entity Friendloan Technologies Private Limited reported revenue of ₹63 Lakh. FriendLoan offers products and services including Personal Loan and Business Loan. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Kissht, Stashfin and Finnable; 3 of its 3 listed competitors have raised funding.
Company details
FriendLoan was founded in 2016 in Chennai, India, as a peer-to-peer lending platform in the fintech sector. Various loans, including salary advances, debt consolidation, marriage, and emergency options, are facilitated between borrowers and lenders. By February 2017, loans totaling INR 9.86 lakhs had been disbursed, with over 1,300 borrowers and 180 lenders registered on the platform. Operations focus on connecting individuals for short-term financial needs.
- Headquarters Chennai, India
- Stage Minicorn
- SectorsFinancial Services
- Website friendloan.in
- Social LinkedIn Facebook Instagram
- Legal Name Friendloan Technologies Private Limited
- Date of Incorporation 10 Jan, 2017
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹63 Lakh
FY 2026
- Net Profit₹1.56 Cr
FY 2026 · 0% margin
- EBITDA-₹1.92 Cr
FY 2026 · 0% margin
- Total Equity Funding$739.46K (USD)
in 2 rounds
- Latest Funding Round$305.7K (USD), Angel Round
Mar 2020
Associated legal entities of FriendLoan
FriendLoan is associated with 2 registered companies on The Company Check; the primary company is Friendloan Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Friendloan Technologies Private Limited CIN U74999TN2017PTC114087 | Active | 10 Jan 2017 | Chennai, Tamil Nadu | ₹0.6 Cr | 5 | View details | |
| Sampathi Credits Private Limited CIN U52599TN1990PTC019948 | Active | 30 Nov 1990 | Chennai, Tamil Nadu | ₹7.4 Cr | 63 | 6 | View details |
Products & Services of FriendLoan
FriendLoan offers a comprehensive portfolio of products and services, including Personal Loan and Business Loan.
Provides quick unsecured loans up to Rs. 5 lakhs for individual needs.
Offers loans for small businesses with fast approval and flexible terms.
Apps and channels of FriendLoan
FriendLoan publishes 1 mobile app with over 100K+ downloads.
Funding Insights of FriendLoan
FriendLoan has successfully raised a total of $739.46K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $305.7 thousand completed in March 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 $739,463
- Total Rounds 2
- Last Round Angel Round — $305,700
- First Round $433,763
(Dec 2017)
- Investors Count 15
All 2 funding rounds of FriendLoan 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 |
|---|---|---|---|---|---|
| Mar 2020 | $305,700 | Angel Round | $3.62M | Thallam Sreekumar, Thallam Sreekumar | |
| Dec 2017 | $433,763 | Angel Round | $2.5M | Hema Swaminathan, Hema Swaminathan |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2020 | $3.62M | •••••••• |
| Dec 2017 | $2.5M | •••••••• |
Last known valuation $3.62M (Mar 2020). 15 investors in total: 0 institutional and 15 angel.
Investors in FriendLoan
FriendLoan has secured backing from 15 investors, including angel investors. Prominent investors backing the company include Thallam Sreekumar, Muthu Pl and Vijayakumar Vaidhyanathan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
TS Thallam Sreekumar | unknown_7bad80fd85d0433f9 | |||
MP Muthu Pl | unknown_b60d2c2224a945a98 | |||
VV Vijayakumar Vaidhyanathan | Angel investor and tech leader, ex-Amazon, focused on Indian startups | unknown_cb4974c6fd634f34a | ||
TS Thallam Sreekumar | unknown_1b5269d121f24c6e8 | |||
MP Muthu Pl | unknown_d58d61e65a3f4f178 | |||
HS Hema Swaminathan | unknown_b13c1062a9fa4161a | |||
HR Hkn Raghavan | unknown_a63dac8d7d8f4915a | |||
SR Sowmya Raghavan | unknown_1d04e6b959914948b | |||
AM Anandaraman Mohan | unknown_57b187c229474eba8 | |||
PE Pradeep Erode Thangaraj | unknown_b43ba3ae105042a7b |
Investor details for FriendLoan
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Friendloan Technologies Private Limited (FriendLoan)
Friendloan Technologies Private Limited is the primary company behind FriendLoan. The boards of the 2 registered companies of FriendLoan currently have 6 directors; the longest-serving is Vijayakumar Vaidhiyanathan, appointed in 2017. 23 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vijayakumar Vaidhiyanathan DIN 06459713 | Director | 10 Jan 2017 | 9 yrs 9 mo | Friendloan Technologies Private Limited, Sampathi Credits Private Limited |
| Vaidiyanathan Akila DIN 10314358 | Director | 15 Sep 2023 | 3 yrs 1 mo | Friendloan Technologies Private Limited |
| Sambhav Kundalia DIN 06891624 | Director | 15 Sep 2023 | 3 yrs 1 mo | Friendloan Technologies Private Limited |
| Pradeep Erode Thangaraj DIN 10289377 | Director | 15 Sep 2023 | 3 yrs 1 mo | Friendloan Technologies Private Limited, Sampathi Credits Private Limited |
| Harathy Kasthury Narasimma Raghavan DIN 02736792 | Director | 20 Jan 2024 | 2 yrs 9 mo | Sampathi Credits Private Limited |
| Rajesh Parasuraman DIN 07959959 | Director | 07 Jun 2024 | 2 yrs 4 mo | Friendloan Technologies Private Limited, Sampathi Credits Private Limited |
Financials of FriendLoan
Figures of Friendloan Technologies Private Limited, the primary company behind FriendLoan, for FY 2026. Revenue was ₹63 Lakh. Net profit was ₹1.56 Cr (0% margin). EBITDA was -₹1.92 Cr (0% margin).
- ₹63 LakhRevenue · FY 2026
- ₹1.56 CrNet profit · 0% margin
- -₹1.92 CrEBITDA · 0% margin
- ₹1.3 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Friendloan Technologies Private Limited are on its company page.
Detailed financial statements for FriendLoan
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of FriendLoan
4 dated milestones of FriendLoan across 4 years, from founding to its latest funding, stage changes and deals.
- Founded FriendLoan is founded.
- Funding First funding round of $434K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $306K.
Competitors of FriendLoan
FriendLoan has 3 listed competitors in our database, 3 of them funded. They include Kissht, Stashfin and Finnable.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kissht.com | 2015 | Mumbai, India | $132.57M | 265 | Personal, business, and property loans are provided by Kissht. | |
| stashfin.com | 2016 | Gurugram, India | $115M | 175 | Digital lending and instant credit lines are provided to individuals. | |
| finnable.com | 2015 | Bengaluru, India | $33.9M | 1,409 | Online personal loans with minimal documentation are offered digitally. |
Detailed competitors of FriendLoan
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of FriendLoan
The website of FriendLoan (friendloan.in) receives about 14.6K visits a month.
- Monthly visits14.6K
▲ 453.3% vs previous month
Websites whose visitors overlap most with FriendLoan. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| easiloan.com | 100% | 2.9K | #5,465,141 | View details | |
| atdmoney.com | 89% | 1.9K | #7,799,897 | View details | |
urgentrupee.com | urgentrupee.com | 84% | – | ||
| creditfair.in | 81% | 21.5K | #928,666 | View details |
Top companies in Alternative Lending
3 companies that operate in the same segment as FriendLoan (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 FriendLoan
FriendLoan was founded in 2016 and raised its 1st funding round 1 year after it was founded.
FriendLoan is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
FriendLoan is a funded company, having raised a total of $739.46K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $433.76K, raised on Dec 2017.
The primary company behind FriendLoan, Friendloan Technologies Private Limited, reported revenue of ₹63 Lakh for FY 2026.
FriendLoan was founded in 2016 in Chennai, India, as a peer-to-peer lending platform in the fintech sector. Various loans, including salary advances, debt consolidation, marriage, and emergency options, are facilitated between borrowers and lenders. By February 2017, loans totaling INR 9.86 lakhs had been disbursed, with over 1,300 borrowers and 180 lenders registered on the platform. Operations focus on connecting individuals for short-term financial needs.
FriendLoan offers Personal Loan and Business Loan.
FriendLoan has 15 investors. Key investors include Thallam Sreekumar, Muthu Pl, Vijayakumar Vaidhyanathan, Thallam Sreekumar, and Muthu Pl.
The valuation of FriendLoan is $3.62M as of Mar 2020.
FriendLoan is associated with 2 legal entities: Friendloan Technologies Private Limited, Sampathi Credits Private Limited.
The legal entities of FriendLoan currently have 8 directors, including Vijayakumar Vaidhiyanathan, Rajesh Parasuraman, Vaidiyanathan Akila and others.
Yes. FriendLoan publishes FriendLoan: Business Loan App, with over 100,000 downloads.