About Letzbank
Letzbank was a Financial Services company based in Hyderabad (India) founded in 2014 by Tagorji Yerneni. It operates a platform for comparing and selecting loan options efficiently. It operates on a B2C model. The company has 10 employees. Its chief executive is Tagorji Yerneni. Its Indian entity Lbit Labs Private Limited reported revenue of ₹25 Lakh. The company is recorded as dissolved. Its focus areas include Banking, Loan Services and Comparison Platforms. Its competitors include BankBazaar, LetsMD, Farm Infinity, Sabkasaathi and paisaindia; 4 of its 5 listed competitors have raised funding.
Company details
Letzbank operates a platform for comparing and selecting loan options efficiently, focusing on offering financial products and advice, banking, loan services, and comparison platforms. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
- Headquarters Hyderabad, India
- Employees 10
- Founders Tagorji Yerneni
- SectorsFinancial Services
- Website letzbank.com
- Social X
- Legal Name Pennant Fin Services Private Limited
- Date of Incorporation 28 Nov, 2014
- Jurisdiction Visakhapatnam, Andhra Pradesh, India
- Annual Revenue₹25 Lakh
FY 2025 · +2% YoY
- Net Loss-₹52.5 Lakh
FY 2025 · -210% margin
- EBITDA₹23.1 Lakh
FY 2025 · 92% margin
- Employee Count10
Associated legal entities of Letzbank
Letzbank operates through Lbit Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Lbit Labs Private Limited CIN U67190AP2014PTC095719 | Active | 28 Nov 2014 | Visakhapatnam, Andhra Pradesh | ₹0.2 Cr | 10 | 2 | View details |
Board of directors of Lbit Labs Private Limited (Letzbank)
Lbit Labs Private Limited is the primary company behind Letzbank. The board of Lbit Labs Private Limited currently have 2 directors; the longest-serving is Tagorji Yerneni, appointed in 2015. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tagorji Yerneni DIN 07045627 | Director | 06 Feb 2015 | 11 yrs 8 mo | Lbit Labs Private Limited |
| Rajiv Mahesh Sanghvi DIN 00322203 | Director | 30 Sep 2019 | 7 yrs | Lbit Labs Private Limited |
People of Letzbank
1 people are tracked at Letzbank (1 in leadership); the tracked headcount is 10.
| Name | Role | Group |
|---|---|---|
| Founder, CEO | Leadership |
Complete people profiles for Letzbank
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 Letzbank
Figures of Lbit Labs Private Limited, the primary company behind Letzbank, for FY 2025. Revenue was ₹25 Lakh (+2% year on year). Net loss was -₹52.5 Lakh (-210% margin). EBITDA was ₹23.1 Lakh (92% margin). Revenue has grown at a compounded annual rate of -23% over three years and -4% over five years.
- ₹25 LakhRevenue · FY 2025 · +2% YoY
- -₹52.5 LakhNet loss · -210% margin
- ₹23.1 LakhEBITDA · 92% margin
- ₹20 LakhPaid-up capital
- 10Employees (provident fund records)
- -23%Revenue CAGR, 3 years
- -4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Lbit Labs Private Limited are on its company page.
Detailed financial statements for Letzbank
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 Letzbank
Letzbank has 5 listed competitors in our database, 4 of them funded. They include BankBazaar, LetsMD, Farm Infinity, Sabkasaathi and paisaindia, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bankbazaar.com | 2008 | Chennai, India | $132.09M | 795 | Financial products, loans, and credit scores are aggregated and compared. | |
| letsmd.com | 2015 | Delhi, India | $921,180 | 46 | Platform offering medical financing solutions | |
| farminfinity.com | 2020 | Guwahati, India | $20,420 | – | Crop insurance comparisons are offered online to small farmers. | |
| sabkasaathi.com | 2014 | Mumbai, India | $1.24M | 1 | Comparison platform for consumer loans | |
| paisaindia.com | 2015 | Bengaluru, India | – | 76 | Provides guidance on financial products like loans, credit cards, insurance, and mutual funds in India. |
Detailed competitors of Letzbank
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 Banking & FinTech Platforms
10 companies that operate in the same segment as Letzbank (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
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 Letzbank
Letzbank was founded in 2014.
Letzbank is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Tagorji Yerneni is the current CEO of Letzbank. They have also founded this company.
Letzbank has 10 employees.
The primary company behind Letzbank, Lbit Labs Private Limited, reported revenue of ₹25 Lakh for FY 2025, up 2% year on year.
Letzbank operates a platform for comparing and selecting loan options efficiently, focusing on offering financial products and advice, banking, loan services, and comparison platforms. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Letzbank's top competitors include BankBazaar, LetsMD and Farm Infinity.
Letzbank operates through Lbit Labs Private Limited.
The legal entities of Letzbank currently have 2 directors, including Tagorji Yerneni, Rajiv Mahesh Sanghvi.