About OptaCredit
OptaCredit is a company based in Chennai (India) founded in 2016 by Narasimhan Muralidharan and Subrahmaniyam Anand. It operates as a B2C. OptaCredit has raised $402.17 thousand across 3 funding rounds from investors including DMI Finance, Advay Capital Advisors and Meichudar. The company has 13 employees as of March 31, 2020. OptaCredit operates in a competitive market with competitors including KarmaLife, PerkFinance, SalaryCredits, Vrddi and SalaryPayLoan, among others.
- Headquarter Chennai, India
- Employees 13 as on 31 Mar, 2020
- Founders Narasimhan Muralidharan, Subrahmaniyam Anand
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Optacredit Fintech Private Limited
- Date of Incorporation 02 Feb, 1987
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$85.54 K (USD)-83.95as on Mar 31, 2020
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Net Profit
$-487.86 K (USD)-349.81as on Mar 31, 2020
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EBITDA
$-469.32 K (USD)-1128.72as on Mar 31, 2020
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Total Equity Funding
$402.17 K (USD)
in 3 rounds
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Latest Funding Round
$385.61 K (USD), Seed
Mar 28, 2018
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Investors
DMI Finance
& 8 more
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Employee Count
13
as on Mar 31, 2020
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Funding Insights of OptaCredit
OptaCredit has successfully raised a total of $402.17K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $385.61 thousand completed in March 2018. 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 3
- Last Round Seed — $385,609
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First Round
First Round
(28 Mar 2016)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Seed - OptaCredit | Valuation | K S Sreenivasan | |
| Jan, 2018 | Amount | Debt – Conventional - OptaCredit | Valuation |
investors |
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| Mar, 2016 | Amount | Angel Round - OptaCredit | Valuation | Subrahmaniyam Anand |
| 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 OptaCredit
OptaCredit has secured backing from 9 investors, including institutional and angel investors. Prominent investors backing the company include DMI Finance, Advay Capital Advisors and Meichudar. 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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Limited information is available on core activities.
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Founded Year | Domain | Location | |
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Investment banking firm focused mid-market companies
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Founded Year | Domain | Location | |
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Personal, MSME, consumption, and EV loans are provided digitally.
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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 OptaCredit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
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 - OptaCredit
| 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Optacredit Comparisons
Competitors of OptaCredit
OptaCredit 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 KarmaLife, PerkFinance, SalaryCredits, Vrddi and SalaryPayLoan, 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 |
Subscription-based payday loans are provided to blue-collar workers digitally.
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| domain | founded_year | HQ Location |
Mobile-based lending and financial services are offered to blue-collar workers.
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| domain | founded_year | HQ Location |
Offers an app-based platform for payroll loans to users.
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| domain | founded_year | HQ Location |
A tech-enabled solution for employee financial wellness in organizations.
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| domain | founded_year | HQ Location |
Provides digital loans for employees' immediate financial emergencies.
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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 Optacredit
Frequently Asked Questions about OptaCredit
When was OptaCredit founded?
OptaCredit was founded in 2016.
Where is OptaCredit located?
OptaCredit is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Is OptaCredit a funded company?
OptaCredit is a funded company, having raised a total of $402.17K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $16.56K, raised on Mar 28, 2016.
How many employees does OptaCredit have?
As of Mar 31, 2020, the latest employee count at OptaCredit is 13.
What is the annual revenue of OptaCredit?
Annual revenue of OptaCredit is $85.54K as on Mar 31, 2020.
What does OptaCredit do?
OptaCredit operates an online platform providing payday loans tailored for salaried employees, focusing on offering financial products and advice, banking and lending, consumer lending, and payday loans. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Who are the top competitors of OptaCredit?
OptaCredit's top competitors include KarmaLife, Vrddi and PerkFinance.
Who are OptaCredit's investors?
OptaCredit has 9 investors. Key investors include DMI Finance, Advay Capital Advisors, Meichudar, Vasanth Jeyapaul, and K S Sreenivasan.
What is OptaCredit's valuation?
The valuation of OptaCredit is $1.58M as of Mar 2018.