About Pennant Technologies
Pennant Technologies is a company based in Hyderabad (India) founded in 2005 by Rama Krishna Raju and Pradeep Varma. It operates as a SaaS (Software-as-a-Service) and FinTech. Pennant Technologies has raised $32.14 million across 1 funding round from investors including Bajaj Finserv. The company has 401 employees as of April 08, 2024. Pennant Technologies offers products and services including pennApps Lending Factory, Supply Chain Finance, and Asset Finance. Pennant Technologies operates in a competitive market with competitors including Fiserv, Comviva, Jack Henry, Blend and Infibeam Avenues, among others.
- Headquarter Hyderabad, India
- Employees 401 as on 08 Apr, 2024
- Founders Rama Krishna Raju, Pradeep Varma
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Sectors
Financial Services
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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 Pennant Technologies Pvt Ltd
- Date of Incorporation 21 Nov, 2005
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$6.3 M (USD)28.64as on Mar 31, 2022
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Net Profit
$1.23 M (USD)25.76as on Mar 31, 2022
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EBITDA
$1.81 M (USD)-4.22as on Mar 31, 2022
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Total Equity Funding
$32.14 M (USD)
in 1 rounds
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Latest Funding Round
$32.14 M (USD), Series C
Oct 17, 2023
- Investors
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Employee Count
401
as on Apr 08, 2024
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Products & Services of Pennant Technologies
Pennant Technologies offers a comprehensive portfolio of products and services, including pennApps Lending Factory, Supply Chain Finance, and Asset Finance.
A composable platform for managing lending processes efficiently.
Solutions for optimizing supply chain credit management seamlessly.
Tools for simplifying asset financing and portfolio optimization.
People of Pennant Technologies
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Funding Insights of Pennant Technologies
Pennant Technologies has successfully raised a total of $32.14M through 1 strategic funding round. The most recent funding activity was a Series C round of $32.14 million completed in October 2023. 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 Pennant Technologies
Pennant Technologies has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Bajaj Finserv.
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Financial solutions including loans and insurance are offered.
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Investor details for Pennant Technologies
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Investments & Acquisitions by Pennant Technologies
Investment portfolio details for Pennant Technologies
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Financial Statements - Pennant Technologies
Detailed financials for Pennant Technologies
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Pennant Technologies Comparisons
Peer comparison for Pennant Technologies
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Competitors of Pennant Technologies
Pennant Technologies 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 Fiserv, Comviva, Jack Henry, Blend and Infibeam Avenues, among others.
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Diversified financial solutions for business processing and management are provided.
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Software platforms for telecommunications, digital payments, and experiences are provided.
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Banking and payments solutions are provided through a dedicated platform.
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Digital solutions for mortgage and consumer lending are provided.
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Digital payment solutions and enterprise software platforms are provided.
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API-enabled open banking platform is provided for financial institutions.
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Detailed competitors of Pennant Technologies
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Latest news on Pennant Technologies
Complete news archive for Pennant Technologies
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Frequently Asked Questions about Pennant Technologies
Pennant Technologies was founded in 2005 and raised its 1st funding round 18 years after it was founded.
Pennant Technologies is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Rama Krishna Raju is the current CEO of Pennant Technologies. They have also founded this company.
Pennant Technologies is a funded company, having raised a total of $32.14M across 1 funding round to date.
As of Apr 08, 2024, the latest employee count at Pennant Technologies is 401.
Annual revenue of Pennant Technologies is $6.3M as on Mar 31, 2022.
Pennant Technologies is recognized as a provider of innovative financial technology solutions, specializing in lending software for global banks and financial institutions. The company offers a highly composable, API-driven platform known as pennApps Lending Factory, which supports loan origination, management, and collections across various loan types. Solutions are provided for sectors including retail, corporate, and supply chain finance, with deployment options such as cloud, on-premises, and hybrid. Scalable and technology-agnostic systems are developed to meet dynamic market needs and regulatory requirements, ensuring enhanced customer experiences and operational efficiency.
Pennant Technologies offers pennApps Lending Factory, Supply Chain Finance, and Asset Finance.
Pennant Technologies has 1 investor. Key investors include Bajaj Finserv.