About NeoKred
NeoKred is a company based in Bengaluru (India) founded in 2019 by Rohith Reji and Tarun Nazare.. NeoKred has raised $1.13 million across 2 funding rounds from investors including Unitus Capital, Rajesh Jain and gi projects. The company has 1 employees as of March 30, 2024. NeoKred has completed 1 acquisition, including Peseva. NeoKred operates in a competitive market with competitors including Zeta, M2P Fintech, Falcon, Prime Trust and AuthBridge, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 30 Mar, 2024
- Founders Rohith Reji, Tarun Nazare
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Neokred Accounts Aggregation Services Private Limited
- Date of Incorporation 29 Jan, 2024
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.13 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Unitus Capital
& 6 more
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Employee Count
1
as on Mar 30, 2024
- Investments & Acquisitions
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Sales and Marketing
2 people
Leadership Team
2 people
Software Development Team
1 people
Deputy Team
1 people
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Funding Insights of NeoKred
NeoKred has successfully raised a total of $1.13M across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(08 May 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Seed - NeoKred | Valuation | FiatPe |
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| May, 2021 | Amount | Seed - NeoKred | Valuation | gi projects |
| 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 NeoKred
NeoKred has secured backing from 7 investors, including angel and institutional investors. Prominent investors backing the company include Unitus Capital, Rajesh Jain and gi projects. 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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Founded Year | Domain | Location | |
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M&A and corporate advisory services are focused on multiple sectors.
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Founded Year | Domain | Location | |
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Provides bioag inputs, soil testing, and tools for organic farming and community support.
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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 NeoKred
NeoKred has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Peseva. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile payment solutions are provided for small merchants.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - NeoKred
| 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 |
Neokred Comparisons
Competitors of NeoKred
NeoKred 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 Zeta, M2P Fintech, Falcon, Prime Trust and AuthBridge, 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 |
Payment and banking solutions are provided to users and banks.
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| domain | founded_year | HQ Location |
Banking, lending, and payment solutions are provided via custom APIs.
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| domain | founded_year | HQ Location |
A cloud-native platform is provided for next-generation financial products.
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| domain | founded_year | HQ Location |
Cloud-based AML and banking API solutions are provided for institutions.
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| domain | founded_year | HQ Location |
Identity verification, employee screening, and due diligence platforms are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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| domain | founded_year | HQ Location |
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 Neokred
Frequently Asked Questions about NeoKred
When was NeoKred founded?
NeoKred was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is NeoKred located?
NeoKred is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of NeoKred?
Rohith Reji is the current CEO of NeoKred. They have also founded this company.
Is NeoKred a funded company?
NeoKred is a funded company, having raised a total of $1.13M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.13M, raised on May 08, 2021.
How many employees does NeoKred have?
As of Mar 30, 2024, the latest employee count at NeoKred is 1.
What does NeoKred do?
NeoKred was founded in 2019 and is based in Bengaluru, India. Open banking and payment infrastructure is offered by the company within the fintech sector. Businesses are enabled to launch digital wallets, prepaid cards, and payment solutions through a low-code, plug-and-play platform. Integration is simplified, and time to market for financial products is accelerated. Support for KYC processes, digital profiling, and loyalty programs is also provided to facilitate customer engagement.
Who are the top competitors of NeoKred?
NeoKred's top competitors include Zeta, Falcon and M2P Fintech.
How many acquisitions has NeoKred made?
NeoKred has made 1 acquisition, including Peseva.
Who are NeoKred's investors?
NeoKred has 7 investors. Key investors include Unitus Capital, Rajesh Jain, gi projects, Nitin Agarwal, and VIRENXIA.
What is NeoKred's valuation?
The valuation of NeoKred is $3.56M as of May 2021.
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