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
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- 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.
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.
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Investment banking firm focused mid-market companies
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Personal, MSME, consumption, and EV loans are provided digitally.
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Investor details for OptaCredit
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Investments & Acquisitions by OptaCredit
Investment portfolio details for OptaCredit
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Financial Statements - OptaCredit
Detailed financials for OptaCredit
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Optacredit Comparisons
Peer comparison for OptaCredit
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- Named peers
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Subscription-based payday loans are provided to blue-collar workers digitally.
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Mobile-based lending and financial services are offered to blue-collar workers.
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Offers an app-based platform for payroll loans to users.
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A tech-enabled solution for employee financial wellness in organizations.
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Provides digital loans for employees' immediate financial emergencies.
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Detailed competitors of OptaCredit
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Latest news on Optacredit
Complete news archive for OptaCredit
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Frequently Asked Questions about OptaCredit
OptaCredit was founded in 2016.
OptaCredit is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
OptaCredit is a funded company, having raised a total of $402.17K across 3 funding rounds to date.
As of Mar 31, 2020, the latest employee count at OptaCredit is 13.
Annual revenue of OptaCredit is $85.54K as on Mar 31, 2020.
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.
OptaCredit's top competitors include KarmaLife, Vrddi and PerkFinance.
OptaCredit has 9 investors. Key investors include DMI Finance, Advay Capital Advisors, Meichudar, Vasanth Jeyapaul, and K S Sreenivasan.
The valuation of OptaCredit is $1.58M as of Mar 2018.