About Oyeloans
Oyeloans is a Financial Services company based in Noida (India) founded in 2017. Personal loans are facilitated via an Android app platform. Oyeloans has raised $2.25 million across 1 funding round. Its focus areas include FinTech, Alternative Lending, Online Lenders and Diversified. Its legal entity in India is Oye Fintech Private Limited (U65999TN2017FTC125885). Its competitors include Epimoney, IndiaLends and i2i; 2 of its 3 listed competitors have raised funding.
Company details
Oyeloans was established in 2017 as a fintech platform focused on personal loans. Operations are centered in Noida, India, where users register using email, mobile numbers, and salary documents. Loans are disbursed directly to verified bank accounts. The service is accessible through an Android application, supporting quick digital lending processes in the personal finance sector.
- Headquarters Noida, India
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website oyeloans.com
- Social LinkedIn Facebook
- Legal Name Oye Fintech Private Limited
- Date of Incorporation 23 Mar, 2017
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹71,000
FY 2023 · -100% YoY
- Net Loss-₹2.6 Lakh
FY 2023 · -369% margin
- EBITDA-₹3.3 Lakh
FY 2023 · -469% margin
- Total Equity Funding$2.25M (USD)
in 1 rounds
- Latest Funding Round$2.25M (USD), Seed
May 2018
Associated legal entities of Oyeloans
Oyeloans operates through Oye Fintech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Oye Fintech Private Limited CIN U65999TN2017FTC125885 | Active | 23 Mar 2017 | Chennai, Tamil Nadu | ₹0.0 Cr | 3 | View details |
Funding Insights of Oyeloans
Oyeloans has successfully raised a total of $2.25M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.25 million completed in May 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 $2.25M
- Total Rounds 1
- Last Round Seed — $2.25M
- First Round $2.25M
(May 2018)
All 1 funding rounds of Oyeloans with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2018 | $2.25M | Seed | – | – | – |
Board of directors of Oye Fintech Private Limited (Oyeloans)
Oye Fintech Private Limited is the primary company behind Oyeloans. The board of Oye Fintech Private Limited currently have 2 directors; the longest-serving is Vineet Arora, appointed in 2022. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vineet Arora DIN 09558551 | Director | 20 Apr 2022 | 4 yrs 6 mo | Oye Fintech Private Limited |
| Varma Surya Srinivasa Maruti Prasad Kalidindi DIN 10117828 | Director | 27 Apr 2023 | 3 yrs 6 mo | Oye Fintech Private Limited |
Financials of Oyeloans
Figures of Oye Fintech Private Limited, the primary company behind Oyeloans, for FY 2023. Revenue was ₹71,000 (-100% year on year). Net loss was -₹2.6 Lakh (-369% margin). EBITDA was -₹3.3 Lakh (-469% margin). Revenue has grown at a compounded annual rate of -85% over three years and -32% over five years.
- ₹71,000Revenue · FY 2023 · -100% YoY
- -₹2.6 LakhNet loss · -369% margin
- -₹3.3 LakhEBITDA · -469% margin
- ₹21.30 CrPaid-up capital
- -85%Revenue CAGR, 3 years
- -32%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Oye Fintech Private Limited are on its company page.
Detailed financial statements for Oyeloans
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Oyeloans
2 dated milestones of Oyeloans across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Oyeloans is founded.
- Funding First funding round of $2.2M.
Competitors of Oyeloans
Oyeloans has 3 listed competitors in our database, 2 of them funded. They include Epimoney, IndiaLends and i2i.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| epimoney.in | 1995 | Chennai, India | 623 | Consumer and business loans are facilitated via an online platform. | ||
| indialends.com | 2014 | Gurugram, India | $30.11M | 221 | Online platform providing loans and credit cards from various financial institutions | |
| i2ifunding.com | 2015 | Noida, India | $934,120 | 33 | Borrowers are connected with investors through P2P lending services. |
Detailed competitors of Oyeloans
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Alternative Lending
3 companies that operate in the same segment as Oyeloans (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about Oyeloans
Complete news archive for Oyeloans
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Frequently Asked Questions about Oyeloans
Oyeloans was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Oyeloans is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Oyeloans is a funded company, having raised a total of $2.25M across 1 funding round to date. The company's 1st funding round was a Seed of $2.25M, raised on May 2018.
The primary company behind Oyeloans, Oye Fintech Private Limited, reported revenue of ₹71,000 for FY 2023, down 100% year on year.
Oyeloans was established in 2017 as a fintech platform focused on personal loans. Operations are centered in Noida, India, where users register using email, mobile numbers, and salary documents. Loans are disbursed directly to verified bank accounts. The service is accessible through an Android application, supporting quick digital lending processes in the personal finance sector.
Oyeloans's top competitors include Epimoney, i2i and IndiaLends.
Oyeloans operates through Oye Fintech Private Limited.
The legal entities of Oyeloans currently have 3 directors, including Sivaraman Ravindran, Vineet Arora, Varma Surya Srinivasa Maruti Prasad Kalidindi.