About Ntropy
Ntropy is a company based in New York (United States) founded in 2019 by Ilia Zintchenko and Nare Vardanyan. It operates as a API-as-a-Product. Ntropy has raised $14.2 million across 2 funding rounds from investors including Lakestar, QED Investors and January Ventures. The company has 3 employees as of December 31, 2023. Ntropy offers products and services including Transaction Enrichment, Entities Identification, Categorization, and Recurrence. Ntropy operates in a competitive market with competitors including MX, Plaid, Belvo, WealthEngine and Rutter, among others.
- Headquarter New York, United States
- Employees 3 as on 31 Dec, 2023
- Founders Ilia Zintchenko, Nare Vardanyan
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ntropy Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.2 M (USD)
in 2 rounds
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Latest Funding Round
$11 M (USD), Series A
Oct 12, 2022
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Investors
Lakestar
& 2 more
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Employee Count
3
as on Dec 31, 2023
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Products & Services of Ntropy
Ntropy offers a comprehensive portfolio of products and services, including Transaction Enrichment, Entities Identification, Categorization, and Recurrence. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Context behind transactions is understood with human-like accuracy.
Entities in financial data are identified for clarity.
Financial transactions are categorized for better data organization.
Recurring transactions are detected for financial data insights.
Funding Insights of Ntropy
Ntropy has successfully raised a total of $14.2M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $11 million completed in October 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 2
- Last Round Series A — $11.0M
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First Round
First Round
(20 Jul 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series A - Ntropy | Valuation | Lakestar | |
| Jul, 2021 | Amount | Seed - Ntropy | Valuation | QED Investors |
| 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 Ntropy
Ntropy has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Lakestar, QED Investors and January Ventures. 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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Venture capital fund investing in early-stage start-ups
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided to outlier founders.
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Founded Year | Domain | Location | |
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Venture capital investment firm
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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 Ntropy
| 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 |
Financial Statements - Ntropy
| 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 |
Ntropy Comparisons
Competitors of Ntropy
Ntropy 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 MX, Plaid, Belvo, WealthEngine and Rutter, 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 |
Data-driven analytics and open banking APIs are provided to businesses.
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| domain | founded_year | HQ Location |
Open banking aggregation APIs are provided for individuals and businesses.
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| domain | founded_year | HQ Location |
Open banking API solutions are developed for financial data aggregation.
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| domain | founded_year | HQ Location |
Wealth intelligence solutions are provided to non-profits and commercial organizations.
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| domain | founded_year | HQ Location |
Finance and accounting management is facilitated via an API platform.
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| domain | founded_year | HQ Location |
Open banking API solutions are offered to financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Ntropy
Frequently Asked Questions about Ntropy
When was Ntropy founded?
Ntropy was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Ntropy located?
Ntropy is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Ntropy?
Nare Vardanyan is the current CEO of Ntropy. They have also founded this company.
Is Ntropy a funded company?
Ntropy is a funded company, having raised a total of $14.2M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.2M, raised on Jul 20, 2021.
How many employees does Ntropy have?
As of Dec 31, 2023, the latest employee count at Ntropy is 3.
What does Ntropy do?
Financial data is standardized and enriched by Ntropy through a powerful API. Solutions are provided for underwriting and risk assessment across various geographies. Unstructured data is transformed into actionable insights for businesses. Any data source is supported, ensuring flexibility in financial data processing. The focus is placed on transaction enrichment with human-like accuracy.
What products or services does Ntropy offer?
Ntropy offers Transaction Enrichment, Entities Identification, Categorization, and Recurrence.
Who are Ntropy's investors?
Ntropy has 3 investors. Key investors include Lakestar, QED Investors, and January Ventures.
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