About FriendLoan
FriendLoan is a company based in Chennai (India) founded in 2016. FriendLoan has raised $739.46 thousand across 2 funding rounds from investors including Thallam Sreekumar, Muthu Pl and Vijayakumar Vaidhyanathan. FriendLoan offers products and services including Personal Loan and Business Loan. FriendLoan operates in a competitive market with competitors including Kissht, Branch, Stashfin, Finnable and Money View, among others.
- Headquarter Chennai, India
- Stage Minicorn
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Friendloan Technologies Private Limited
- Date of Incorporation 10 Jan, 2017
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$49.47 K (USD)39.57as on Mar 31, 2024
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Net Profit
-$392.27 K (USD)-182.62as on Mar 31, 2024
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EBITDA
-$376.31 K (USD)-229.75as on Mar 31, 2024
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Total Equity Funding
$739.46 K (USD)
in 2 rounds
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Latest Funding Round
$305.7 K (USD), Angel Round
Mar 31, 2020
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Investors
& 14 more
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Employee Count
Not available
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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.
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.
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 |
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TS
Thallam Sreekumar |
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MP
Muthu Pl |
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VV
Vijayakumar Vaidhyanathan |
Angel investor and tech leader, ex-Amazon, focused on Indian startups
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Locked | Locked | Locked |
Investor details for FriendLoan
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Investments & Acquisitions by FriendLoan
Investment portfolio details for FriendLoan
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- Transaction dates
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Financial Statements - FriendLoan
Detailed financials for FriendLoan
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Friendloan Comparisons
Peer comparison for FriendLoan
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- Named peers
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Competitors of FriendLoan
FriendLoan 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 Kissht, Branch, Stashfin, Finnable and Money View, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Personal, business, and property loans are provided by Kissht.
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Branch is focused on providing faster workforce payment solutions.
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Digital lending and instant credit lines are provided to individuals.
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Online personal loans with minimal documentation are offered digitally.
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Loans, credit cards, gold investments, insurance, and UPI are provided.
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Online instant personal loans are provided to salaried professionals.
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Detailed competitors of FriendLoan
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Latest news on Friendloan
Complete news archive for FriendLoan
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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.
Annual revenue of FriendLoan is $49.47K as on Mar 31, 2024.
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's top competitors include Stashfin, Money View and Kissht.
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.