About Jify
Jify is a company based in Mumbai (India) founded in 2021 by Aditya Mehta, Anisha Dossa, and Anusha Ramakrishnan was acquired by Money View in September 2024.. Jify has raised $11.43 million across 2 funding rounds from investors including Money View, Accel and Nexus Venture Partners. The company has 66 employees as of December 11, 2024. Jify offers products and services including On-Demand Salary, Money Manager, and Jify Card. Jify operates in a competitive market with competitors including Clair, Refyne, Kaarva, Myfinfi and Daily Salary, among others.
- Headquarter Mumbai, India
- Employees 66 as on 11 Dec, 2024
- Founders Aditya Mehta, Anisha Dossa, Anusha Ramakrishnan
- Stage Minicorn
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Zeo Fin Technology Private Limited
- Date of Incorporation 14 Jul, 2021
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$417.87 K (USD)275.82as on Mar 31, 2024
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Net Profit
$-1.95 M (USD)5.42as on Mar 31, 2024
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EBITDA
$-2.12 M (USD)-9.98as on Mar 31, 2024
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Total Equity Funding
$11.43 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series A
Aug 03, 2022
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Investors
Money View
& 51 more
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Employee Count
66
as on Dec 11, 2024
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Acquired by
Money View
(Sep 12, 2024)
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Products & Services of Jify
Jify offers a comprehensive portfolio of products and services, including On-Demand Salary, Money Manager, and Jify Card. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables early access to earned wages without interest.
Helps track expenses and build savings for employees.
Offers rewards and salary advances for everyday spending.
Funding Insights of Jify
Jify has successfully raised a total of $11.43M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in August 2022. 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 Total Funding
- Total Rounds 2
- Last Round Series A — $10.0M
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First Round
First Round
(22 Jan 2022)
- Investors Count 51
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series A - Jify | Valuation |
investors |
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| Jan, 2022 | Amount | Seed - Jify | Valuation | Amicafinancialtechnologies |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Jify
Jify has secured backing from 52 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Money View, Accel and Nexus Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital firm that partners with entrepreneurs for product-first companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Jify
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Jify
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Jify Comparisons
Competitors of Jify
Jify 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 Clair, Refyne, Kaarva, Myfinfi and Daily Salary, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Embedded Earned Wage Access solutions are provided for HR platforms.
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| domain | founded_year | HQ Location |
Provider of earned wage access and financial wellness solutions
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| domain | founded_year | HQ Location |
Earned salaries are accessed by employees through a flexible platform.
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| domain | founded_year | HQ Location |
Employee financial benefits are delivered via a cloud-based platform.
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| domain | founded_year | HQ Location |
A cloud-based application for managing employee salaries efficiently.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Jify
Frequently Asked Questions about Jify
When was Jify founded?
Jify was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Jify located?
Jify is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Jify a funded company?
Jify is a funded company, having raised a total of $11.43M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.43M, raised on Jan 22, 2022.
How many employees does Jify have?
As of Dec 11, 2024, the latest employee count at Jify is 66.
What is the annual revenue of Jify?
Annual revenue of Jify is $417.87K as on Mar 31, 2024.
What does Jify do?
Jify was founded in 2021 in Mumbai, India, within the fintech sector. Online platforms for financial management and earned wage access are offered to employees, allowing salary withdrawals on any day. Budgeting, expense tracking, financial education, and coaching features are integrated into a mobile app compatible with Android and iOS devices. Services target employee financial wellness across operations in India.
What products or services does Jify offer?
Jify offers On-Demand Salary, Money Manager, and Jify Card.
Who are Jify's investors?
Jify has 52 investors. Key investors include Money View, Accel, Nexus Venture Partners, VCAPL, and VAR Capital Advisors.
What is Jify's valuation?
The valuation of Jify is $24.67M as of Aug 2022.
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