About indyFint
indyFint is a Financial Services company based in Bengaluru (India) founded in 2019. White-label solutions for mobile payments are provided to corporates. indyFint has raised $2.1 million across 1 funding round from investors including Saravanan Adiseshan, Paddy Padmanabhan and Rajiv Kuchhal. Its chief executive, as recorded, is Shailendra Naidu Somarouthu. Its Indian entity Indyfint Private Limited reported revenue of ₹1.6 Lakh. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its competitors include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2019 and based in Bengaluru, India, indyFint operates in the fintech sector. White-label platforms for merchant payments are offered, along with software supporting mobile and agent-based transactions. Methods such as credit and debit cards, digital wallets, and bank transfers are facilitated through these tools. Services are tailored for corporate integration in payment processing.
- Headquarters Bengaluru, India
- SectorsFinancial Services
- Website indyfint.com
- Legal Name Indyfint Private Limited
- Date of Incorporation 21 Aug, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.6 Lakh
FY 2023 · -98% YoY
- Net Profit₹1.1 Lakh
FY 2023 · 71% margin
- EBITDA-₹46,304
FY 2023 · -29% margin
- Total Equity Funding$2.1M (USD)
in 1 rounds
- Latest Funding Round$2.1M (USD), Series A
Dec 2019
Associated legal entities of indyFint
indyFint is associated with 2 registered companies on The Company Check; the primary company is Indyfint Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Indyfint Private Limited CIN U72900KA2019PTC127225 | Active | 21 Aug 2019 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details | |
| Obopay Mobile Technology India Private Limited CIN U72200KA2007PTC041992 | Active | 06 Mar 2007 | Bangalore, Karnataka | ₹5.9 Cr | 16 | 4 | View details |
Funding Insights of indyFint
indyFint has successfully raised a total of $2.1M through 1 strategic funding round. The most recent funding activity was a Series A round of $2.1 million completed in December 2019. 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 $2.1M
- Total Rounds 1
- Last Round Series A — $2.1M
- First Round $2.1M
(Dec 2019)
- Investors Count 3
All 1 funding rounds of indyFint 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 |
|---|---|---|---|---|---|
| Dec 2019 | $2.1M | Series A | – | Saravanan Adiseshan |
3 investors in total: 0 institutional and 3 angel.
Investors in indyFint
indyFint has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Saravanan Adiseshan, Paddy Padmanabhan and Rajiv Kuchhal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
SA Saravanan Adiseshan | Founder of Paytm Payments Bank, active angel investor in Indian startups | unknown_672c32134f4a46089 | ||
PP Paddy Padmanabhan | Founder of Cred, active angel investor in Indian startups | unknown_9b4851c219db41e49 | ||
RK Rajiv Kuchhal | unknown_df2f3025d4c14faf8 |
Investor details for indyFint
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Verified entity values are shown only after access is granted.
Board of directors of Indyfint Private Limited (indyFint)
Indyfint Private Limited is the primary company behind indyFint. The boards of the 2 registered companies of indyFint currently have 4 directors; the longest-serving is Rajiv Kuchhal, appointed in 2012. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajiv Kuchhal DIN 02257381 | Director | 16 Nov 2012 | 13 yrs 11 mo | Obopay Mobile Technology India Private Limited |
| Desikachari Padmanabhan DIN 00265865 | Director | 21 Aug 2019 | 7 yrs 2 mo | Indyfint Private Limited, Obopay Mobile Technology India Private Limited |
| Murthy Saravana Gurunathan DIN 06674119 | Director | 15 Jan 2024 | 2 yrs 9 mo | Obopay Mobile Technology India Private Limited |
| Swetha Padmanabhan DIN 10793277 | Additional Director | 21 Oct 2024 | 2 yrs | Indyfint Private Limited |
People of indyFint
1 people are tracked at indyFint (1 in leadership).
| Name | Role | Group |
|---|---|---|
Shailendra Naidu Somarouthu | CEO | Leadership |
Complete people profiles for indyFint
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of indyFint
Figures of Indyfint Private Limited, the primary company behind indyFint, for FY 2023. Revenue was ₹1.6 Lakh (-98% year on year). Net profit was ₹1.1 Lakh (71% margin). EBITDA was -₹46,304 (-29% margin).
- ₹1.6 LakhRevenue · FY 2023 · -98% YoY
- ₹1.1 LakhNet profit · 71% margin
- -₹46,304EBITDA · -29% margin
Balance sheet, profit and loss, cash flow and ratios of Indyfint Private Limited are on its company page.
Detailed financial statements for indyFint
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of indyFint
2 dated milestones of indyFint, from founding to its latest funding, stage changes and deals.
- Founded indyFint is founded.
- Funding First funding round of $2.1M.
Competitors of indyFint
indyFint has 3 listed competitors in our database, 3 of them funded. They include Razorpay, Mintoak and Pine Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. |
Detailed competitors of indyFint
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as indyFint (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Indyfint
Complete news archive for indyFint
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Articles about indyFint on our blog
Frequently Asked Questions about indyFint
indyFint was founded in 2019.
indyFint is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Shailendra Naidu Somarouthu is the CEO of indyFint, as recorded in our data.
indyFint is a funded company, having raised a total of $2.1M across 1 funding round to date. The company's 1st funding round was a Series A of $2.1M, raised on Dec 2019.
The primary company behind indyFint, Indyfint Private Limited, reported revenue of ₹1.6 Lakh for FY 2023, down 98% year on year.
Founded in 2019 and based in Bengaluru, India, indyFint operates in the fintech sector. White-label platforms for merchant payments are offered, along with software supporting mobile and agent-based transactions. Methods such as credit and debit cards, digital wallets, and bank transfers are facilitated through these tools. Services are tailored for corporate integration in payment processing.
indyFint has 3 investors. Key investors include Saravanan Adiseshan, Paddy Padmanabhan, and Rajiv Kuchhal.
indyFint is associated with 2 legal entities: Indyfint Private Limited, Obopay Mobile Technology India Private Limited.
The legal entities of indyFint currently have 5 directors, including Desikachari Padmanabhan, Swetha Padmanabhan, Sneha Harlalka and others.