About Klathrate
Klathrate was a Financial Services company based in Nagpur (India) founded in 2016 by Akashkumar Bammrotwar and Prasen Lonikar. It operates an invoice discounting platform for businesses. It operates on a B2B model. Its chief executive is Prasen Lonikar. The company is recorded as dissolved. Its focus areas include FinTech, Lending and Financing and Invoice Financing. Its legal entity in India is Kredflow Trade Solutions Private Limited (U74999MH2017PTC294252). Its competitors include KredX, Vayana, Veefin, Cashflo and CredAble and 3 more; 6 of its 8 listed competitors have raised funding.
Company details
Klathrate operates with a B2B model, focusing on offering financial products and advice, innovating financial technology, lending and financing, and invoice financing. Operates an invoice discounting platform for businesses. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Nagpur, India
- Founders Akashkumar Bammrotwar, Prasen Lonikar
- SectorsFinancial Services
- Website klathrate.com
- Social X Facebook
- Legal Name Kredflow Trade Solutions Private Limited
- Date of Incorporation 24 Apr, 2017
- Jurisdiction Nagpur, Maharashtra, India
- Net Loss-₹84,832
FY 2019 · -759206% margin
- EBITDA-₹11,371
FY 2019 · -101762% margin
Associated legal entities of Klathrate
Klathrate operates through Kredflow Trade Solutions Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Kredflow Trade Solutions Private Limited CIN U74999MH2017PTC294252 | Strike Off | 24 Apr 2017 | Nagpur, Maharashtra | ₹0.0 Cr | – | 2 | View details |
Board of directors of Kredflow Trade Solutions Private Limited (Klathrate)
Kredflow Trade Solutions Private Limited is the primary company behind Klathrate. The board of Kredflow Trade Solutions Private Limited currently have 2 directors; the longest-serving is Prasen Vaijnath Lonikar, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prasen Vaijnath Lonikar DIN 07791923 | Director | 24 Apr 2017 | 9 yrs 5 mo | Kredflow Trade Solutions Private Limited |
| Mandar Vivek Tulankar DIN 05127205 | Director | 21 Oct 2020 | 5 yrs 11 mo | Kredflow Trade Solutions Private Limited |
People of Klathrate
2 people are tracked at Klathrate (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder, CTO | Leadership | |
| Co-Founder, CEO | Leadership |
Complete people profiles for Klathrate
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Klathrate
Figures of Kredflow Trade Solutions Private Limited, the primary company behind Klathrate, for FY 2019. Net loss was -₹84,832 (-759206% margin). EBITDA was -₹11,371 (-101762% margin).
- -₹84,832Net loss · -759206% margin
- -₹11,371EBITDA · -101762% margin
- ₹7.5 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Kredflow Trade Solutions Private Limited are on its company page.
Detailed financial statements for Klathrate
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.
Competitors of Klathrate
Klathrate has 8 listed competitors in our database, 6 of them funded. They include KredX, Vayana, Veefin, Cashflo and CredAble, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kredx.com | 2015 | Bengaluru, India | $33.03M | 69 | Supply chain finance solutions and automation tools are provided. | |
| vayana.com | 2009 | Pune, India | $91.94M | – | Platform for trade credit and supply chain finance is provided. | |
| veefin.com | 2020 | Mumbai, India | $3M | 25 | SaaS-based supply chain financing solutions are delivered globally. | |
| cashflo.io | 2019 | Mumbai, India | $12.77M | 54 | Provider of accounts payable automation, payment, compliance, and vendor management software | |
| credable.in | 2017 | Mumbai, India | $62M | 113 | Provider of working capital and supply chain finance solutions for businesses | |
| shengyecapital.com | 2013 | Shenzhen, China | – | – | Supply chain financing is facilitated through an online marketplace platform. | |
| vayanatradexchange.com | 2022 | Gandhinagar, India | – | 32 | Online platform for trade financing | |
| billmart.com | 2021 | Mumbai, India | $1.33M | 40 | Provider of digital bill discounting and trade finance solutions for MSMEs and corporates |
Detailed competitors of Klathrate
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.
Top companies in Alternative Lending
10 companies that operate in the same segment as Klathrate (Alternative Lending), 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 | |
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | 1,487 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Klathrate
Klathrate was founded in 2016.
Klathrate is headquartered in Nagpur, India. It is registered at Nagpur, Maharashtra, India.
Prasen Lonikar is the current CEO of Klathrate. They have also founded this company.
Annual revenue of Klathrate is $0.15 as on Mar 31, 2019.
Klathrate operates with a B2B model, focusing on offering financial products and advice, innovating financial technology, lending and financing, and invoice financing. Operates an invoice discounting platform for businesses. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Klathrate operates through Kredflow Trade Solutions Private Limited.
The legal entities of Klathrate currently have 2 directors, including Prasen Vaijnath Lonikar, Mandar Vivek Tulankar.