About MEDICI
MEDICI is a company based in Charlotte (United States) founded in 2013 by Aditya Khurjekar was acquired by Prove in March 2021.. MEDICI has raised $1.44 million across 5 funding rounds from investors including Prove. MEDICI offers products and services including Prove Pre-Fill, Prove Identity, Prove Auth, and Prove Identity Manager. MEDICI operates in a competitive market with competitors including Business Insider, Benzinga, MarketWatch, The Ken and Deal Street Asia, among others.
- Headquarter Charlotte, United States
- Founders Aditya Khurjekar
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
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- Legal Name Mediciprim Fintech Private Limited
- Date of Incorporation 13 Jul, 2016
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$887.07 K (USD)72.19as on Mar 31, 2022
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Net Profit
$40.95 K (USD)269.32as on Mar 31, 2022
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EBITDA
$-91.52 K (USD)-292.15as on Mar 31, 2022
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Total Equity Funding
$1.44 M (USD)
in 5 rounds
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Latest Funding Round
$40 K (USD), Seed
Jun 20, 2019
- Investors
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Employee Count
Employee Count
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Acquired by
Prove
(Mar 24, 2021)
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Products & Services of MEDICI
MEDICI offers a comprehensive portfolio of products and services, including Prove Pre-Fill, Prove Identity, Prove Auth, and Prove Identity Manager. 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.
Accelerates digital onboarding by pre-populating forms securely.
Verifies consumer identity using phone numbers to reduce fraud.
Enables passwordless authentication for secure access.
Manages real-time identity attributes for consumer servicing.
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Software Development Team
34 people
Leadership Team
33 people
Sales and Marketing
23 people
Product Management Team
10 people
Finance and Accounting
8 people
Legal and Compliance
7 people
Customer Team
6 people
Operations Team
5 people
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Funding Insights of MEDICI
MEDICI has successfully raised a total of $1.44M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $40 thousand completed in June 2019. 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 5
- Last Round Seed — $40,000
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First Round
First Round
(07 May 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Seed - MEDICI | Valuation |
investors |
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| Jul, 2017 | Amount | Seed - MEDICI | Valuation |
investors |
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| Nov, 2016 | Amount | Seed - MEDICI | Valuation |
investors |
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| 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 MEDICI
MEDICI has secured backing from 1 investor. Prominent investors backing the company include Prove. 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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Identity verification and authentication solutions are provided to enterprises worldwide.
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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 MEDICI
| 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 - MEDICI
| 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 |
Medici Comparisons
Competitors of MEDICI
MEDICI 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 Business Insider, Benzinga, MarketWatch, The Ken and Deal Street Asia, 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 |
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| domain | founded_year | HQ Location |
Business news on technology, media, and finance is delivered online.
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| domain | founded_year | HQ Location |
Financial news, stock data, and investment insights are delivered digitally.
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| domain | founded_year | HQ Location |
Business and financial news is delivered through a dedicated website.
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| domain | founded_year | HQ Location |
Online platform offering business news
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Finance and business news is reported for the ASEAN region.
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| domain | founded_year | HQ Location |
Online platform offering news focused on business
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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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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 Medici
Frequently Asked Questions about MEDICI
When was MEDICI founded?
MEDICI was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is MEDICI located?
MEDICI is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Who is the current CEO of MEDICI?
Aditya Khurjekar is the current CEO of MEDICI. They have also founded this company.
Is MEDICI a funded company?
MEDICI is a funded company, having raised a total of $1.44M across 5 funding rounds to date. The company's 1st funding round was a Seed of $225K, raised on May 07, 2015.
What is the annual revenue of MEDICI?
Annual revenue of MEDICI is $887.07K as on Mar 31, 2022.
What does MEDICI do?
MEDICI was established in 2013 in Charlotte, United States, as an online platform focused on the FinTech sector. Curated data from multiple sources, along with analysis and research, are delivered to users. Membership programs, advisory services, and media access are offered, supplemented by tools for FinTech startups to engage audiences. Contributions from users are facilitated, and revenue is generated via subscription plans.
Who are the top competitors of MEDICI?
MEDICI's top competitors include Business Insider, Benzinga and AllBusiness.com.
What products or services does MEDICI offer?
MEDICI offers Prove Pre-Fill, Prove Identity, Prove Auth, and Prove Identity Manager.
Who are MEDICI's investors?
MEDICI has 1 investor. Key investors include Prove.