About Niftron
Niftron is a company based in Colombo (Sri Lanka) founded in 2020 by Jajeththanan Sabapathipillai, Azeem Ashraf, and Sharmilan Somasundaram. Niftron has raised $280.19 thousand across 1 funding round from investors including Lankan Angel Network. Niftron operates in a competitive market with competitors including WeMeta, Unibright, Sort Analytics, MassBit and Clutch, among others.
- Headquarter Colombo, Sri Lanka
- Founders Jajeththanan Sabapathipillai, Azeem Ashraf, Sharmilan Somasundaram
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website niftron.com
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$280.19K (USD)
in 1 rounds
- Latest Funding Round$280.19K (USD), Seed
Apr 2021
- Investors
Funding Insights of Niftron
Niftron has successfully raised a total of $280.19K through 1 strategic funding round. The most recent funding activity was a Seed round of $280.19 thousand completed in April 2021. 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 $280,193
- Total Rounds 1
- Last Round Seed — $280,193
- First Round $280,193
(Apr 2021)
- Investors Count 1
All 1 funding rounds of Niftron 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 2021 | $280,193 | Seed | – | – |
1 investors in total: 1 institutional.
Investors in Niftron
Niftron has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Lankan Angel Network.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A network of angel investors supporting Sri Lankan startups is operated. | 2012 | lankanangelnetwork.com | Sri Lanka |
Investor details for Niftron
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.
People of Niftron
3 people are tracked at Niftron (3 in leadership).
| Name | Role | Group |
|---|---|---|
Jajeththanan Sabapathipillai | Co-Founder | Leadership |
Azeem Ashraf | Co-Founder | Leadership |
Sharmilan Somasundaram | Co-Founder | Leadership |
Complete people profiles for Niftron
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.
Timeline of Niftron
2 dated milestones of Niftron across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Niftron is founded.
- Funding First funding round of $280K.
Competitors of Niftron
Niftron 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 WeMeta, Unibright, Sort Analytics, MassBit and Clutch, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wemetalabs.com | 2021 | Seattle, United States | $1.1M | – | Integrated platform enables access, interaction, and insights from multiple blockchains. | |
| unibright.io | 2017 | – | – | – | Blockchain-based platform for business integration | |
| sort.xyz | 2014 | San Francisco, United States | $3.5M | – | Ethereum data is integrated into dApps through the platform. | |
| massbit.io | 2021 | Santa Clara, United States | – | – | Blockchain APIs for DeFi and Web3 integration are provided. | |
| clutchapp.io | 2021 | Copenhagen, Denmark | $594,199 | 1 | AI-enabled video analytics for tracking badminton games are provided. | |
| oddin.ai | 2022 | Ramat Gan, Israel | – | – | Monetization for digital earners is streamlined via programmatic platform. | |
| joinwido.com | 2021 | Claymont, United States | – | – | Blockchain infrastructure is offered for DeFi protocol integrations via SDK. | |
| opdefi.com | 2022 | New York, United States | – | – | Web3 disaster response platform for digital asset continuity is provided. |
Detailed competitors of Niftron
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Niftron
10 companies that operate in the same segment as Niftron (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | – | |
Public blockchain network platform | 2017 | Zug, Zug, Switzerland | USD 542.29 M | – | – | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | George Town, Cayman Islands | USD 450.75 M | – | – | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 973.19 M | – | – | |
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | – | – | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 597.81 M | – | – | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | – |
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Frequently Asked Questions about Niftron
Niftron was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Niftron is headquartered in Colombo, Sri Lanka. It is registered at Colombo, Western Province, Sri Lanka.
Niftron is a funded company, having raised a total of $280.19K across 1 funding round to date. The company's 1st funding round was a Seed of $280.19K, raised on Apr 2021.
Niftron was founded in 2020 and is based in Colombo, Sri Lanka. Operations focus on blockchain technology within the fintech sector. Services enable the tokenization of diverse assets, including tickets, medical records, vegetables, and user data. Trust, transparency, security, and ownership are enhanced through product integrations. Liquidity options and full data privacy measures are also provided to support various applications.
Niftron's top competitors include Sort Analytics, Unibright and WeMeta.
Niftron has 1 investor. Key investors include Lankan Angel Network.