About Myfinfi
Myfinfi is a Technology company based in Mumbai (India) founded in 2022 by Abhinava Paliwal and Pranav Barthwal. Employee financial benefits are delivered via a cloud-based platform. It operates in the Technology and Financial Services sectors. Myfinfi has raised $269.89 thousand across 1 funding round from investors including LetsVenture, Manjiri Sharma and Bharat Kalia. Myfinfi was last valued at $3.19 million in July 2022. Its chief executive, as recorded, is Pranav Barthwal. Its Indian entity Myfinfi World Private Limited reported revenue of ₹6.4 Lakh. Its focus areas include Enterprise Applications, HRTech, Employee Benefits and Financial Benefits. Its competitors include Jify, Refyne and Kaarva; 3 of its 3 listed competitors have raised funding.
Company details
Myfinfi was founded in 2022 in Mumbai, India, as a fintech platform focused on employee financial benefits. A cloud-based system is utilized to enable early access to earned salaries before payday. Expense cards and cashback offers are also provided to support employee spending. Operations are centered in the financial services sector, targeting workplace benefits in India.
- Headquarters Mumbai, India
- Founders Abhinava Paliwal, Pranav Barthwal
- Stage Minicorn
- SectorsTechnologyFinancial Services
- Website myfinfi.com
- Social LinkedIn
- Legal Name Myfinfi World Private Limited
- Date of Incorporation 13 May, 2022
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹6.4 Lakh
FY 2024 · +160% YoY
- Net Loss-₹57.2 Lakh
FY 2024 · -889% margin
- EBITDA-₹57.1 Lakh
FY 2024 · -889% margin
- Total Equity Funding$269.89K (USD)
in 1 rounds
- Latest Funding Round$269.89K (USD), Seed
Jul 2022
- InvestorsLetsVenture
& 2 more
Associated legal entities of Myfinfi
Myfinfi is associated with 2 registered companies on The Company Check; the primary company is Myfinfi World Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Myfinfi World Private Limited CIN U72900MH2022PTC382670 | Active | 13 May 2022 | Mumbai, Maharashtra | ₹0.1 Cr | 3 | View details | |
| Finfi India (Opc) Private Limited CIN U72900UR2021OPC013345 | Active | 10 Dec 2021 | Dehradun, Uttarakhand | 1 | View details |
Funding Insights of Myfinfi
Myfinfi has successfully raised a total of $269.89K through 1 strategic funding round. The most recent funding activity was a Seed round of $269.89 thousand completed in July 2022. 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 $269,885
- Total Rounds 1
- Last Round Seed — $269,885
- First Round $269,885
(Jul 2022)
- Investors Count 3
All 1 funding rounds of Myfinfi 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 |
|---|---|---|---|---|---|
| Jul 2022 | $269,885 | Seed | $3.19M | LetsVenture |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2022 | $3.19M | •••••••• |
Last known valuation $3.19M (Jul 2022). 3 investors in total: 1 institutional and 2 angel.
Investors in Myfinfi
Myfinfi has secured backing from 3 investors, including institutional and angel investors. Prominent investors backing the company include LetsVenture, Manjiri Sharma and Bharat Kalia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
MS Manjiri Sharma | unknown_938620627ea944c79 | |||
BK Bharat Kalia | Angel investor, tech enthusiast, supporting Indian startups in SaaS and consumer tech. | unknown_68c7a6097d744f529 |
Investor details for Myfinfi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Myfinfi World Private Limited (Myfinfi)
Myfinfi World Private Limited is the primary company behind Myfinfi. The boards of the 2 registered companies of Myfinfi currently have 3 directors; the longest-serving is Aditi Sharma, appointed in 2022. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aditi Sharma DIN 07227057 | Director | 13 May 2022 | 4 yrs 5 mo | Myfinfi World Private Limited, Finfi India (Opc) Private Limited |
| Harsh Vardhan Sharma DIN 00686098 | Director | 13 May 2022 | 4 yrs 5 mo | Myfinfi World Private Limited |
| Pranav Barthwal DIN 07729970 | Additional Director | 12 Jun 2022 | 4 yrs 4 mo | Myfinfi World Private Limited |
People of Myfinfi
2 people are tracked at Myfinfi (2 in leadership).
| Name | Role | Group |
|---|---|---|
Abhinava Paliwal | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for Myfinfi
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 Myfinfi
Figures of Myfinfi World Private Limited, the primary company behind Myfinfi, for FY 2024. Revenue was ₹6.4 Lakh (+160% year on year). Net loss was -₹57.2 Lakh (-889% margin). EBITDA was -₹57.1 Lakh (-889% margin).
- ₹6.4 LakhRevenue · FY 2024 · +160% YoY
- -₹57.2 LakhNet loss · -889% margin
- -₹57.1 LakhEBITDA · -889% margin
- ₹1.1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Myfinfi World Private Limited are on its company page.
Detailed financial statements for Myfinfi
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.
Timeline of Myfinfi
3 dated milestones of Myfinfi, from founding to its latest funding, stage changes and deals.
- Founded Myfinfi is founded.
- Funding First funding round of $270K.
- Milestone Reaches Minicorn status.
Competitors of Myfinfi
Myfinfi has 3 listed competitors in our database, 3 of them funded. They include Jify, Refyne and Kaarva.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jify.co | 2021 | Mumbai, India | $11.43M | 89 | Online financial management and on demand salary solutions for employees | |
| refyne.co.in | 2020 | Bengaluru, India | $102.1M | 149 | Provider of earned wage access and financial wellness solutions | |
| kaarva.com | 2018 | Bengaluru, India | $539,266 | Earned salaries are accessed by employees through a flexible platform. |
Detailed competitors of Myfinfi
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Myfinfi
Myfinfi was founded in 2022.
Myfinfi is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Pranav Barthwal is the CEO of Myfinfi, as recorded in our data. They have also founded this company.
Myfinfi is a funded company, having raised a total of $269.89K across 1 funding round to date. The company's 1st funding round was a Seed of $269.89K, raised on Jul 2022.
The primary company behind Myfinfi, Myfinfi World Private Limited, reported revenue of ₹6.4 Lakh for FY 2024, up 160% year on year.
Myfinfi was founded in 2022 in Mumbai, India, as a fintech platform focused on employee financial benefits. A cloud-based system is utilized to enable early access to earned salaries before payday. Expense cards and cashback offers are also provided to support employee spending. Operations are centered in the financial services sector, targeting workplace benefits in India.
Myfinfi has 3 investors. Key investors include LetsVenture, Manjiri Sharma, and Bharat Kalia.
The valuation of Myfinfi is $3.19M as of Jul 2022.
Myfinfi is associated with 2 legal entities: Myfinfi World Private Limited, Finfi India (Opc) Private Limited.
The legal entities of Myfinfi currently have 3 directors, including Aditi Sharma, Pranav Barthwal, Harsh Vardhan Sharma.