About Monedo
Monedo is a Financial Services company based in Mumbai (India) founded in 2017 by Ashish Kohli. Monedo is engaged in providing diverse financial lending solutions. It operates on a Commission-Based and FinTech model. Monedo has raised $14.91 million across 10 funding rounds from investors including Mihuru, Vardan Funds and N+1 Capital. The company has 26 employees. Monedo was last valued at $60.5 million in October 2024. Its chief executive, as recorded, is Ashish Kohli. Its Indian entity Monedo Financial Services Private Limited reported revenue of ₹60.47 Cr. Monedo offers products and services including Consumer Finance, Healthcare Finance, SME Finance, Supply Chain Finance, and Education Loan. Its focus areas include Financials, Banking & Financial Services and Consumer Finance. Its competitors include InCred, Clix Capital and DMI Finance; 3 of its 3 listed competitors have raised funding.
Company details
Monedo Financial Services Private Limited is involved in offering a range of lending solutions across various sectors. Services are provided in consumer finance, healthcare finance, personal loans, education loans, travel loans, SME finance, and supply chain finance. Operations are conducted with a focus on ethical lending practices as regulated by the Reserve Bank of India. The company is committed to transparency, flexibility, and responsible lending with integrity. Based in India, multiple financial products are tailored to meet the needs of individual and business clients across different industries.
- Headquarters Mumbai, India
- Employees 26
- Founders Ashish Kohli
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website monedo.in
- Social LinkedIn X Facebook Instagram
- Legal Name Monedo Financial Services Private Limited
- Date of Incorporation 01 May, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹60.47 Cr
FY 2025 · +187% YoY
- Net Profit₹21.85 Cr
FY 2025 · 36% margin
- EBITDA₹33.61 Cr
FY 2025 · 56% margin
- Total Equity Funding$14.91M (USD)
in 10 rounds
- Latest Funding Round$771.23K (USD), Seed
Apr 2025
- InvestorsMihuru
& 80 more
- Employee Count26
Associated legal entities of Monedo
Monedo is associated with 2 registered companies on The Company Check; the primary company is Monedo Financial Services Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Monedo Financial Services Private Limited CIN U65100MH2017PTC294521 | Active | 01 May 2017 | Mumbai, Maharashtra | ₹60.5 Cr | 26 | 9 | View details |
| Monedo Corporate Services Private Limited CIN U66190MH2022PTC387476 | Active | 25 Jul 2022 | Mumbai, Maharashtra | ₹1.5 Cr | 58 | 4 | View details |
Products & Services of Monedo
Monedo offers a comprehensive portfolio of products and services, including Consumer Finance, Healthcare Finance, SME Finance, Supply Chain Finance, and Education Loan.
Loans are provided for personal consumer needs and expenses.
Financing is offered for healthcare expenses and services.
Loans are extended to small and medium enterprises.
Funding is provided for supply chain business operations.
Loans are given for educational purposes and fees.
Financing is available for travel and related expenses.
Funding Insights of Monedo
Monedo has successfully raised a total of $14.91M across 10 strategic funding rounds. The most recent funding activity was a Seed round of $771.23 thousand completed in April 2025. 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 $14.91M
- Total Rounds 10
- Last Round Seed — $771,230
- First Round $171,824
(Mar 2021)
- Investors Count 81
All 10 funding rounds of Monedo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2025 | $771,230 | Seed | – | – | |
| Oct 2024 | $190,240 | Seed | $60.5M | Vardan Ceqube Advisors | – |
| May 2024 | $2.51M | Debt – Venture | – | – | |
| Nov 2023 | $1.81M | Debt – Venture | – | – | |
| Jan 2023 | $541,885 | Seed | – | Muktaben Govindbhai Kakadia | |
| Jun 2022 | $3.76M | Series A | – | Alma Aquila I | |
| Mar 2022 | $1.96M | Seed | – | Alma Aquila I | |
| Nov 2021 | $7.02M | Angel Round | – | Alma Aquila I | |
| Jun 2021 | $498,623 | Angel Round | – | – | |
| Mar 2021 | $171,824 | Angel Round | $14.18M | Usha Pandurang Prabhu |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2024 | $60.5M | •••••••• |
| Mar 2021 | $14.18M | •••••••• |
Last known valuation $60.5M (Oct 2024). 81 investors in total: 12 institutional and 69 angel.
Investors in Monedo
Monedo has secured backing from 81 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mihuru, Vardan Funds and N+1 Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment fund management and advisory services in India. | 2017 | vardanceqube.com | ||
Revenue-based growth capital is provided for Indian entrepreneurs. | np1.in | Delhi, India | ||
Venture assistance and strategic advice are provided to startups. | nurtureventure.com | |||
Investments are made in health tech, cybersecurity, and AI sectors. | nurture.ventures | Wilmington, United States | ||
| nurturevc.com | ||||
| karmaconstruction.tcc.mode | ||||
| sgtrinity.tcc.mode | ||||
| almaaquilai.tcc.mode | ||||
Fintech platform for travel solutions with book-now-pay-later options is offered. | 2016 | mihuru.com | Mumbai, India | |
PP Pooja Pankaj Dave | unknown_859f776b43a4402c9 |
Investor details for Monedo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Monedo Financial Services Private Limited (Monedo)
Monedo Financial Services Private Limited is the primary company behind Monedo. The boards of the 2 registered companies of Monedo currently have 8 directors; the longest-serving is Vikram Behari Kaushal, appointed in 2022. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vikram Behari Kaushal DIN 07744703 | Director | 25 Jul 2022 | 4 yrs 3 mo | Monedo Corporate Services Private Limited, Monedo Financial Services Private Limited |
| Ashish Kohli DIN 08173836 | Director | 25 Jul 2022 | 4 yrs 3 mo | Monedo Corporate Services Private Limited, Monedo Financial Services Private Limited |
| Shruti Mehrotra DIN 07615640 | Director | 25 Jul 2022 | 4 yrs 3 mo | Monedo Corporate Services Private Limited, Monedo Financial Services Private Limited |
| Shashi Bhushan Mani Tripathi DIN 09543490 | Director | 25 Jul 2022 | 4 yrs 3 mo | Monedo Corporate Services Private Limited, Monedo Financial Services Private Limited |
| Nirma Anil Bhandari DIN 02212973 | Director | 30 Sep 2023 | 3 yrs | Monedo Financial Services Private Limited |
| Vipin Kumar Resham Lal Poddar DIN 10335670 | Director | 06 Oct 2023 | 3 yrs | Monedo Financial Services Private Limited |
| Veni Thapar DIN 01811724 | Additional Director | 24 Jan 2025 | 1 yr 9 mo | Monedo Financial Services Private Limited |
| Sumita Ralph Almeida DIN 10864754 | Additional Director | 12 Feb 2025 | 1 yr 8 mo | Monedo Financial Services Private Limited |
People of Monedo
5 people are tracked at Monedo (5 in leadership); the tracked headcount is 26.
| Name | Role | Group |
|---|---|---|
| Co-Founder, CEO & MD | Leadership | |
Ashit J | Chief Technology Officer | Leadership |
| Chief Business Officer | Leadership | |
| Executive Director & Head HR | Leadership | |
Lancort Baptista | Assistant Vice President Information Technology | Leadership |
Complete people profiles for Monedo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Monedo
Figures of Monedo Financial Services Private Limited, the primary company behind Monedo, for FY 2025. Revenue was ₹60.47 Cr (+187% year on year). Net profit was ₹21.85 Cr (36% margin). EBITDA was ₹33.61 Cr (56% margin). Revenue has grown at a compounded annual rate of +196% over three years and +160% over five years.
- ₹60.47 CrRevenue · FY 2025 · +187% YoY
- ₹21.85 CrNet profit · 36% margin
- ₹33.61 CrEBITDA · 56% margin
- ₹83.48 CrPaid-up capital
- 26Employees (provident fund records)
- +196%Revenue CAGR, 3 years
- +160%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Monedo Financial Services Private Limited are on its company page.
Detailed financial statements for Monedo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Monedo
4 dated milestones of Monedo across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Monedo is founded.
- Funding First funding round of $172K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $771K.
Competitors of Monedo
Monedo has 3 listed competitors in our database, 3 of them funded. They include InCred, Clix Capital and DMI Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| incred.com | 2016 | Mumbai, India | $320.39M | 2,161 | Financial services are provided, specializing in personal and business loans. | |
| clix.capital | 2016 | Gurugram, India | $69.52M | 1,742 | Lending platform for consumers and businesses is provided. | |
| dmifinance.in | 2008 | Delhi, India | $734M | 1,054 | Personal, MSME, consumption, and EV loans are provided digitally. |
Detailed competitors of Monedo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Monedo
The website of Monedo (monedo.in) receives about 1K visits a month.
- Monthly visits1K
▼ 38.9% vs previous month
Websites whose visitors overlap most with Monedo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| shriramfinance.in | 100% | 2M | #27,025 | View details | |
fintechmagazine.com | fintechmagazine.com | 100% | #149,934 | – |
Top companies in Alternative Lending
3 companies that operate in the same segment as Monedo (Alternative Lending) in India, 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 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about Monedo
Complete news archive for Monedo
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Frequently Asked Questions about Monedo
Monedo was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Monedo is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Ashish Kohli is the CEO of Monedo, as recorded in our data. They have also founded this company.
Monedo is a funded company, having raised a total of $14.91M across 10 funding rounds to date. The company's 1st funding round was a Angel Round of $171.82K, raised on Mar 2021.
Monedo has 26 employees.
The primary company behind Monedo, Monedo Financial Services Private Limited, reported revenue of ₹60.47 Cr for FY 2025, up 187% year on year.
Monedo Financial Services Private Limited is involved in offering a range of lending solutions across various sectors. Services are provided in consumer finance, healthcare finance, personal loans, education loans, travel loans, SME finance, and supply chain finance. Operations are conducted with a focus on ethical lending practices as regulated by the Reserve Bank of India. The company is committed to transparency, flexibility, and responsible lending with integrity. Based in India, multiple financial products are tailored to meet the needs of individual and business clients across different industries.
Monedo's top competitors include InCred, Clix Capital and DMI Finance.
Monedo offers Consumer Finance, Healthcare Finance, SME Finance, Supply Chain Finance, and 2 more products and services.
Monedo has 81 investors. Key investors include Mihuru, Vardan Funds, N+1 Capital, Karmaconstruction, and Pooja Pankaj Dave.
The valuation of Monedo is $60.5M as of Oct 2024.
Monedo is associated with 2 legal entities: Monedo Financial Services Private Limited, Monedo Corporate Services Private Limited.