About Myfinfi
Myfinfi is a company based in Mumbai (India) founded in 2022 by Abhinava Paliwal and Pranav Barthwal.. Myfinfi has raised $269.89 thousand across 1 funding round from investors including LetsVenture, Manjiri Sharma and Bharat Kalia. Myfinfi operates in a competitive market with competitors including Clair, Jify, Refyne, Kaarva and Daily Salary, among others.
- Headquarter Mumbai, India
- Founders Abhinava Paliwal, Pranav Barthwal
- Stage Minicorn
-
Sectors
TechnologyFinancial Services
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
$3.08 K (USD)0as on Mar 31, 2023
-
Net Profit
$-100.52 K (USD)0as on Mar 31, 2023
-
EBITDA
$-99.15 K (USD)0as on Mar 31, 2023
-
Total Equity Funding
$269.89 K (USD)
in 1 rounds
-
Latest Funding Round
$269.89 K (USD), Seed
Jul 14, 2022
-
Investors
LetsVenture
& 2 more
-
Employee Count
Employee Count
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
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 Total Funding
- Total Rounds 1
- Last Round Seed — $269,885
-
First Round
First Round
(14 Jul 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Seed - Myfinfi | Valuation | LetsVenture |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth
|
Founded Year | Domain | Location | |
|
MS
Manjiri Sharma |
-
|
Founded Year | Domain | Location |
|
BK
Bharat Kalia |
Angel investor, tech enthusiast, supporting Indian startups in SaaS and consumer tech.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Myfinfi
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Myfinfi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Myfinfi Comparisons
Competitors of Myfinfi
Myfinfi 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 Clair, Jify, Refyne, Kaarva and Daily Salary, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Embedded Earned Wage Access solutions are provided for HR platforms.
|
|
| domain | founded_year | HQ Location |
Online financial management and on demand salary solutions for employees
|
|
| domain | founded_year | HQ Location |
Provider of earned wage access and financial wellness solutions
|
|
| domain | founded_year | HQ Location |
Earned salaries are accessed by employees through a flexible platform.
|
|
| domain | founded_year | HQ Location |
A cloud-based application for managing employee salaries efficiently.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Myfinfi
When was Myfinfi founded?
Myfinfi was founded in 2022.
Where is Myfinfi located?
Myfinfi is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Myfinfi?
Pranav Barthwal is the current CEO of Myfinfi. They have also founded this company.
Is Myfinfi a funded 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 14, 2022.
What is the annual revenue of Myfinfi?
Annual revenue of Myfinfi is $3.08K as on Mar 31, 2023.
What does Myfinfi do?
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.
Who are Myfinfi's investors?
Myfinfi has 3 investors. Key investors include LetsVenture, Manjiri Sharma, and Bharat Kalia.
What is Myfinfi's valuation?
The valuation of Myfinfi is $3.19M as of Jul 2022.