About LeRemitt
LeRemitt is a company based in Bengaluru (India) founded in 2022 by Sheetal Jain, Mahesh Kumar Barate, and Hari P Ambati. LeRemitt has raised $1.25 million across 1 funding round from investors including Axilor Ventures, Capital A and Ramkumar Govindarajan. LeRemitt offers products and services including LeRemitt, LeDoc, and LeFin. LeRemitt operates in a competitive market with competitors including Vayana, Skydo, PingPong, XFlow and InstaReM, among others.
- Headquarter Bengaluru, India
- Founders Sheetal Jain, Mahesh Kumar Barate, Hari P Ambati
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsFinancial 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 6Point3 Technologies Private Limited
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
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Net Profit
-$13.24 K (USD)-310.83as on Mar 31, 2023
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EBITDA
-$13.1 K (USD)-306.36as on Mar 31, 2023
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Total Equity Funding
$1.25 M (USD)
in 1 rounds
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Latest Funding Round
$1.25 M (USD), Seed
Jul 10, 2023
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Investors
Axilor Ventures
& 3 more
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Employee Count
Employee Count
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Products & Services of LeRemitt
LeRemitt offers a comprehensive portfolio of products and services, including LeRemitt, LeDoc, and LeFin.
Facilitates cross-border payments with transparency and efficiency.
Manages trade documents and ensures compliance for exporters.
Offers financing options to support global trade operations.
People of LeRemitt
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Funding Insights of LeRemitt
LeRemitt has successfully raised a total of $1.25M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.25 million completed in July 2023. 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 1
- Last Round Seed — $1.2M
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First Round
First Round
(10 Jul 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Seed - LeRemitt | Valuation | Axilor Ventures |
Investors in LeRemitt
LeRemitt has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Axilor Ventures, Capital A and Ramkumar Govindarajan.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in early-stage startups in technology sectors.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to Indian startups.
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Founded Year | Domain | Location | |
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RG
Ramkumar Govindarajan |
Angel investor, ex-entrepreneur, focused on early-stage Indian startups
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Founded Year | Domain | Location |
Investments & Acquisitions by LeRemitt
Financial Statements - LeRemitt
Leremitt Comparisons
Competitors of LeRemitt
LeRemitt 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 Vayana, Skydo, PingPong, XFlow and InstaReM, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform for trade credit and supply chain finance is provided.
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| domain | founded_year | HQ Location |
International payments are enabled for businesses through a digital platform.
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| domain | founded_year | HQ Location |
Cross-border business payments are managed via an online platform.
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| domain | founded_year | HQ Location |
Cross-border payment solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cross-border money transfers are facilitated for individuals and businesses.
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| domain | founded_year | HQ Location |
Provider of working capital and supply chain finance solutions for businesses
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Frequently Asked Questions about LeRemitt
LeRemitt was founded in 2022 and raised its 1st funding round 1 year after it was founded.
LeRemitt is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sheetal Jain is the current CEO of LeRemitt. They have also founded this company.
LeRemitt is a funded company, having raised a total of $1.25M across 1 funding round to date. The company's 1st funding round was a Seed of $1.25M, raised on Jul 10, 2023.
Provider of AI-powered solutions for cross-border trade. This company offers a suite of products encompassing international payment processing, trade document management, and financial solutions. The platform streamlines transactions, automates compliance checks, and facilitates secure financing options for businesses engaged in global commerce. Its services aim to reduce manual processes, minimize errors, and improve efficiency for exporters and importers. The platform integrates various functionalities to create a unified system for managing all aspects of international trade.
LeRemitt offers LeRemitt, LeDoc, and LeFin.
LeRemitt has 4 investors. Key investors include Axilor Ventures, Capital A, Ramkumar Govindarajan, and Sumit Agarwal.
The valuation of LeRemitt is $6.06M as of Jul 2023.