About Opfin
Opfin is a company based in Gurugram (India) founded in 2017 by Anuj Jain was acquired by Razorpay in November 2019.. Opfin offers products and services including RazorpayX Payroll. Opfin operates in a competitive market with competitors including Gusto, Payflow, Paylocity, Justworks and Earnin, among others.
- Headquarter Gurugram, India
- Founders Anuj Jain
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Opfin Software Private Limited
- Date of Incorporation 05 Jul, 2017
- Jurisdiction Gurgaon, Haryana, India
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Products & Services of Opfin
Opfin offers a comprehensive portfolio of products and services, including RazorpayX Payroll. 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.
Platform for managing business payroll and payments securely
Funding Insights of Opfin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Opfin
Opfin has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Razorpay. 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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Payment and business banking solutions are provided for enterprises.
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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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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Opfin
| 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 - Opfin
| 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 |
Opfin Comparisons
Competitors of Opfin
Opfin 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 Gusto, Payflow, Paylocity, Justworks and Earnin, 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 |
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| domain | founded_year | HQ Location |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Payflow is recognized as a financial wellness application for employees.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Real-time access to earned wages is provided fee-free.
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| domain | founded_year | HQ Location |
Provider of staff attendance, payroll and biometric attendance tools for small to medium enterprises
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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 Opfin
Frequently Asked Questions about Opfin
When was Opfin founded?
Opfin was founded in 2017.
Where is Opfin located?
Opfin is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
What is the annual revenue of Opfin?
Annual revenue of Opfin is $1.42 as on Mar 31, 2022.
What does Opfin do?
Opfin was founded in 2017 in Gurugram, India, focusing on payroll management for small and medium-sized businesses. Salaries and payments are transferred through the platform, while payroll summaries are generated and reminders for fund additions are issued as needed. Salary slips for employees are updated and uploaded, with additional features supporting operational efficiency. The service operates on a monthly subscription model scaled by employee count.
What products or services does Opfin offer?
Opfin offers RazorpayX Payroll.
Who are Opfin's investors?
Opfin has 1 investor. Key investors include Razorpay.
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