About ftcash
ftcash is a Financial Services company based in Mumbai (India) founded in 2015 by Vaibhav Lodha, Sanjeev Chandak, and Deepak Kothari. Digital loans are provided to underserved micro-merchants and small businesses. ftcash has raised $16.08 million across 7 funding rounds from investors including Citi, Accion and IvyCap Ventures. The company has 400 employees. ftcash was last valued at $21.25 million in July 2024. Its chief executive, as recorded, is Sanjeev Chandak. Its website ftcash.com draws about 27 thousand monthly visits. Its Indian entity Ftcash Finance Private Limited reported revenue of ₹5.06 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include FlexiLoans, DMI Finance and Bizongo; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2015 and based in Mumbai, India, ftcash functions as a financial technology platform. Short-term unsecured loans are extended to micro-merchants, small businesses, and retail chains. Automated daily and weekly repayment schedules are facilitated, alongside rapid disbursal processes and reduced paperwork requirements. Access to credit is enabled for underserved segments through digital payment integrations and lending solutions.
- Headquarters Mumbai, India
- Employees 400
- Founders Vaibhav Lodha, Sanjeev Chandak, Deepak Kothari
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website ftcash.com
- Social LinkedIn X Facebook
- Legal Name Ftcash Finance Private Limited
- Date of Incorporation 04 Dec, 2019
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹5.06 Cr
FY 2026 · -46% YoY
- Net Profit₹2.3 Lakh
FY 2026 · 0% margin
- EBITDA₹1.05 Cr
FY 2026 · 21% margin
- Total Equity Funding$16.08M (USD)
in 7 rounds
- Latest Funding Round$1.14M (USD), Series A
Jul 2024
- InvestorsCiti
& 15 more
- Employee Count400
Associated legal entities of ftcash
ftcash is associated with 2 registered companies on The Company Check; the primary company is Ftcash Finance 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 |
|---|---|---|---|---|---|---|---|
| Ftcash Finance Private Limited CIN U67110MH2019PTC333955 | Active | 04 Dec 2019 | Thane, Maharashtra | ₹5.1 Cr | 200 | 2 | View details |
| Nomisma Mobile Solutions Private Limited CIN U74900WB2014PTC203082 | Active | 14 Aug 2014 | Kolkata, West Bengal | ₹69.5 Cr | 364 | 6 | View details |
Funding Insights of ftcash
ftcash has successfully raised a total of $16.08M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $1.14 million completed in July 2024. 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 $16.08M
- Total Rounds 7
- Last Round Series A — $1.14M
- First Round $196,310
(Feb 2016)
- Investors Count 16
All 7 funding rounds of ftcash 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 |
|---|---|---|---|---|---|
| Jul 2024 | $1.14M | Series A | $21.25M | IvyCap Ventures Advisors, Accion | – |
| May 2022 | $4.97M | Series A | $19.77M | IvyCap Ventures Advisors | |
| May 2019 | $7.17M | Series A | $••••• | FMO, Accion | |
| Apr 2018 | $920,627 | Seed | $••••• | IvyCap Ventures Advisors | – |
| Mar 2017 | $1.04M | Seed | $••••• | IvyCap Ventures Advisors | |
| Jun 2016 | $639,681 | Seed | $••••• | IvyCap Ventures Advisors | |
| Feb 2016 | $196,310 | Seed | $••••• | IvyCap Ventures Advisors |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2024 | $21.25M | •••••••• |
| May 2022 | $19.77M | •••••••• |
| May 2019 | $••••• | •••••••• |
| Apr 2018 | $••••• | •••••••• |
| Mar 2017 | $••••• | •••••••• |
| Jun 2016 | $••••• | •••••••• |
| Feb 2016 | $••••• | •••••••• |
Full valuation and stage history of ftcash
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $21.25M (Jul 2024). 16 investors in total: 9 institutional and 7 angel.
Investors in ftcash
ftcash has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Citi, Accion and IvyCap Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Development financing is provided for entrepreneurial ventures in emerging markets. | 1970 | fmo.nl | The Hague, Netherlands | |
Venture capital investments in startups from leading Indian institutions across various sectors. | 2011 | ivycapventures.com | Mumbai, India | |
Venture capital and acceleration are provided to tech startups. | 500.co | Ho Chi Minh City, Vietnam | ||
Angel network focused on India, Singapore, and U.S based companies | sgan.sg | Singapore, Singapore | ||
Early-stage investment and support for technology companies. | 2013 | tracxnlabs.com | Bengaluru, India | |
Foundation focused on early-stage investments in fintech sector | 1961 | accion.org | ||
Commercial banking and financial services are provided globally. | 1812 | citi.com | New York, United States | |
Mobile application development services for iOS and Android are provided. | 2010 | spaceotechnologies.com | Ahmedabad, India | |
Business services are provided by a non-profit organization in Delhi. | Delhi, India | |||
RV Rajiv Vohra | unknown_348f546961ce4285b |
Investor details for ftcash
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Ftcash Finance Private Limited (ftcash)
Ftcash Finance Private Limited is the primary company behind ftcash. The boards of the 2 registered companies of ftcash currently have 6 directors; the longest-serving is Deepak Kothari, appointed in 2019. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deepak Kothari DIN 02606200 | Director | 04 Dec 2019 | 6 yrs 11 mo | Ftcash Finance Private Limited, Nomisma Mobile Solutions Private Limited |
| Sanjeev Chandak DIN 03533415 | Director | 04 Dec 2019 | 6 yrs 11 mo | Ftcash Finance Private Limited, Nomisma Mobile Solutions Private Limited |
| Vikram Gupta DIN 03358337 | Nominee Director | 14 Aug 2020 | 6 yrs 2 mo | Nomisma Mobile Solutions Private Limited |
| Nilesh Gopal Rabadia DIN 07752340 | Nominee Director | 28 Jan 2022 | 4 yrs 9 mo | Nomisma Mobile Solutions Private Limited |
| Kundanati Lakshminath DIN 09531333 | Director | 30 Aug 2023 | 3 yrs 2 mo | Nomisma Mobile Solutions Private Limited |
| Arvind Kodikal DIN 07623915 | Nominee Director | 27 Jun 2025 | 1 yr 4 mo | Nomisma Mobile Solutions Private Limited |
People of ftcash
9 people are tracked at ftcash (6 in leadership, 3 in team); the tracked headcount is 400.
| Name | Role | Group |
|---|---|---|
Vaibhav Lodha | Co-Founder & CBO | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-Founder & COO | Leadership | |
Vikas Dussa | Deputy Vice President | Leadership |
Falguni Patel | Assistant Vice President | Leadership |
Deepali Gupta | Data Science Vice President | Leadership |
Sanjay Yadav | Avp-collection | Team |
Mohd. Ayaz Shaikh | Senior Talent Acquisition Specialist | Team |
Deepak Kumar | Team Lead Data Science | Team |
Complete people profiles for ftcash
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Financials of ftcash
Figures of Ftcash Finance Private Limited, the primary company behind ftcash, for FY 2026. Revenue was ₹5.06 Cr (-46% year on year). Net profit was ₹2.3 Lakh (0% margin). EBITDA was ₹1.05 Cr (21% margin). Revenue has grown at a compounded annual rate of +15% over three years and +115% over five years.
- ₹5.06 CrRevenue · FY 2026 · -46% YoY
- ₹2.3 LakhNet profit · 0% margin
- ₹1.05 CrEBITDA · 21% margin
- ₹6.35 CrPaid-up capital
- 200Employees (provident fund records)
- +15%Revenue CAGR, 3 years
- +115%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ftcash Finance Private Limited are on its company page.
Detailed financial statements for ftcash
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of ftcash
4 dated milestones of ftcash across 9 years, from founding to its latest funding, stage changes and deals.
- Founded ftcash is founded.
- Funding First funding round of $196K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $1.1M.
Competitors of ftcash
ftcash has 3 listed competitors in our database, 3 of them funded. They include FlexiLoans, DMI Finance and Bizongo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flexiloans.com | 2016 | Mumbai, India | $96.88M | 624 | Business loans and financial products for MSMEs are provided. | |
| dmifinance.in | 2008 | Delhi, India | $734M | 1,054 | Personal, MSME, consumption, and EV loans are provided digitally. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions |
Detailed competitors of ftcash
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Web traffic of ftcash
The website of ftcash (ftcash.com) receives about 27.3K visits a month.
- Monthly visits27.3K
▼ 56.6% vs previous month
Top companies in Alternative Lending
3 companies that operate in the same segment as ftcash (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 185.7 M | 2,787 |
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Related news about Ftcash
Complete news archive for ftcash
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Frequently Asked Questions about ftcash
ftcash was founded in 2015 and raised its 1st funding round 1 year after it was founded.
ftcash is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sanjeev Chandak is the CEO of ftcash, as recorded in our data. They have also founded this company.
ftcash is a funded company, having raised a total of $16.08M across 7 funding rounds to date. The company's 1st funding round was a Seed of $196.31K, raised on Feb 2016.
ftcash has 400 employees.
The primary company behind ftcash, Ftcash Finance Private Limited, reported revenue of ₹5.06 Cr for FY 2026, down 46% year on year.
Founded in 2015 and based in Mumbai, India, ftcash functions as a financial technology platform. Short-term unsecured loans are extended to micro-merchants, small businesses, and retail chains. Automated daily and weekly repayment schedules are facilitated, alongside rapid disbursal processes and reduced paperwork requirements. Access to credit is enabled for underserved segments through digital payment integrations and lending solutions.
ftcash's top competitors include FlexiLoans, Bizongo and DMI Finance.
ftcash has 16 investors. Key investors include Citi, Accion, IvyCap Ventures, FMO, and Tracxn Labs.
The valuation of ftcash is $21.25M as of Jul 2024.
ftcash is associated with 2 legal entities: Ftcash Finance Private Limited, Nomisma Mobile Solutions Private Limited.
The legal entities of ftcash currently have 6 directors, including Deepak Kothari, Sanjeev Chandak, Nilesh Gopal Rabadia and others.