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
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- Legal Name Ntropy Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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.
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.
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.
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Investor details for Ntropy
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Investments & Acquisitions by Ntropy
Investment portfolio details for Ntropy
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Financial Statements - Ntropy
Detailed financials for Ntropy
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- Profit trends
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Ntropy Comparisons
Peer comparison for Ntropy
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- Named peers
- Headcount comparison
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- Operating benchmarks
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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.
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Data-driven analytics and open banking APIs are provided to businesses.
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Open banking aggregation APIs are provided for individuals and businesses.
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Open banking API solutions are developed for financial data aggregation.
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Wealth intelligence solutions are provided to non-profits and commercial organizations.
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Finance and accounting management is facilitated via an API platform.
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Open banking API solutions are offered to financial institutions.
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Detailed competitors of Ntropy
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Latest news on Ntropy
Complete news archive for Ntropy
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Frequently Asked Questions about Ntropy
Ntropy was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Ntropy is headquartered in New York, United States. It is registered at New York, New York, United States.
Nare Vardanyan is the current CEO of Ntropy. They have also founded this company.
Ntropy is a funded company, having raised a total of $14.2M across 2 funding rounds to date.
As of Dec 31, 2023, the latest employee count at Ntropy is 3.
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.
Ntropy offers Transaction Enrichment, Entities Identification, Categorization, and Recurrence.
Ntropy has 3 investors. Key investors include Lakestar, QED Investors, and January Ventures.