About Loanworx
Loanworx is a Financial Services company based in Erode (India) founded in 2021. It offers an app-based solution for correspondent banking tailored to credit intermediaries. It operates on a B2B model. Its Indian entity Infraveo Technologies Private Limited reported revenue of ₹32.7 Lakh. Its focus areas include Banking, Correspondent Banking and Credit Intermediation. Its competitors include Pay Point India, Eko and Bharat Housing Network; 3 of its 3 listed competitors have raised funding.
Company details
Loanworx, based in Erode, focuses on offering financial products and advice, banking, correspondent banking, and credit intermediation. Offers an app-based solution for correspondent banking tailored to credit intermediaries. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Erode, India
- SectorsFinancial Services
- Website loanworx.in
- Social LinkedIn X Facebook Instagram
- Legal Name Infraveo Technologies Private Limited
- Date of Incorporation 29 Apr, 2019
- Jurisdiction Gandhinagar, Gujarat, India
- Annual Revenue₹32.7 Lakh
FY 2022 · +1398% YoY
- Net Profit₹3.9 Lakh
FY 2022 · 12% margin
- EBITDA₹5.7 Lakh
FY 2022 · 17% margin
Associated legal entities of Loanworx
Loanworx operates through Infraveo Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Infraveo Technologies Private Limited CIN U72900GJ2019PTC107879 | Active | 29 Apr 2019 | Gandhinagar, Gujarat | ₹0.3 Cr | 2 | View details |
Board of directors of Infraveo Technologies Private Limited (Loanworx)
Infraveo Technologies Private Limited is the primary company behind Loanworx. The board of Infraveo Technologies Private Limited currently have 2 directors; the longest-serving is Anand Nitin Sharma, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anand Nitin Sharma DIN 08437402 | Director | 29 Apr 2019 | 7 yrs 6 mo | Infraveo Technologies Private Limited |
| Nilam Nitin Sharma DIN 08437443 | Director | 29 Apr 2019 | 7 yrs 6 mo | Infraveo Technologies Private Limited |
Financials of Loanworx
Figures of Infraveo Technologies Private Limited, the primary company behind Loanworx, for FY 2022. Revenue was ₹32.7 Lakh (+1398% year on year). Net profit was ₹3.9 Lakh (12% margin). EBITDA was ₹5.7 Lakh (17% margin).
- ₹32.7 LakhRevenue · FY 2022 · +1398% YoY
- ₹3.9 LakhNet profit · 12% margin
- ₹5.7 LakhEBITDA · 17% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Infraveo Technologies Private Limited are on its company page.
Detailed financial statements for Loanworx
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Competitors of Loanworx
Loanworx has 3 listed competitors in our database, 3 of them funded. They include Pay Point India, Eko and Bharat Housing Network.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| paypointindia.com | 2007 | Mumbai, India | $7.74M | 346 | Digital financial and retail services are provided via agent networks. | |
| eko.in | 2006 | Gurugram, India | $12.32M | 36 | Provider of financial service APIs and white-label portal solutions | |
| bharathousingnetwork.com | 2020 | Bengaluru, India | $15.01M | 58 | Provider of co-lending platform connecting housing finance companies with capital and technology. |
Detailed competitors of Loanworx
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Top companies in Banks
3 companies that operate in the same segment as Loanworx (Banks) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Collateralised loans for commercial vehicles are extended to rural entrepreneurs. | 1996 | Jaipur, Rajasthan, India | USD 118 M | USD 2.3 B | 50,950 | |
Small finance services are extended to underserved segments in India. | 2005 | Bengaluru, Karnataka, India | USD 153.96 M | 21,203 | ||
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 101.74 M | USD 474.19 M | 12,520 |
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Frequently Asked Questions about Loanworx
Loanworx was founded in 2021.
Loanworx is headquartered in Erode, India. It is registered at Erode, Tamil Nadu, India.
The primary company behind Loanworx, Infraveo Technologies Private Limited, reported revenue of ₹32.7 Lakh for FY 2022, up 1398% year on year.
Loanworx, based in Erode, focuses on offering financial products and advice, banking, correspondent banking, and credit intermediation. Offers an app-based solution for correspondent banking tailored to credit intermediaries. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Loanworx's top competitors include Pay Point India, Bharat Housing Network and Eko.
Loanworx operates through Infraveo Technologies Private Limited.
The legal entities of Loanworx currently have 2 directors, including Anand Nitin Sharma, Nilam Nitin Sharma.