About PerkFinance
PerkFinance is a Technology company based in Bengaluru (India) founded in 2017. Mobile-based lending and financial services are offered to blue-collar workers. It operates in the Technology and Financial Services sectors. PerkFinance has raised $900 thousand across 1 funding round from investors including FRZ Capital, Karan Virwani and Krishna Vinjamuri. PerkFinance was last valued at $2.84 million in September 2018. Its Indian entity Stay Qurious Ventures Private Limited reported revenue of ₹2.1 Lakh. Its focus areas include Enterprise Applications, HRTech, Employee Benefits and Financial Benefits. Its competitors include KarmaLife, Flex Salary and OptaCredit; 2 of its 3 listed competitors have raised funding.
Company details
PerkFinance was founded in 2017 in Bengaluru, India, as a fintech company focused on mobile-based financial services. Loans and financial planning tools are provided to blue-collar employees through its platform. The operations aim to connect workers with financial institutions by delivering accessible products in the lending sector. Services are tailored for underserved segments in the Indian market.
- Headquarters Bengaluru, India
- Stage Minicorn
- SectorsTechnologyFinancial Services
- Email••••••••
- Website perkfinance.com
- Legal Name Stay Qurious Ventures Private Limited.
- Date of Incorporation 04 May, 2018
- Jurisdiction V.V Puram, Bangalore, Karnataka, India
- Annual Revenue₹2.1 Lakh
FY 2023 · -99% YoY
- Net Loss-₹29.3 Lakh
FY 2023 · -1366% margin
- EBITDA-₹28.3 Lakh
FY 2023 · -1317% margin
- Total Equity Funding$900K (USD)
in 1 rounds
- Latest Funding Round$900K (USD), Seed
Sep 2018
- InvestorsFRZ Capital
& 6 more
Associated legal entities of PerkFinance
PerkFinance operates through Stay Qurious Ventures Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Stay Qurious Ventures Private Limited CIN U72900KA2018PTC112848 | Strike Off | 04 May 2018 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details |
Funding Insights of PerkFinance
PerkFinance has successfully raised a total of $900K through 1 strategic funding round. The most recent funding activity was a Seed round of $900 thousand completed in September 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 $900,000
- Total Rounds 1
- Last Round Seed — $900,000
- First Round $900,000
(Sep 2018)
- Investors Count 7
All 1 funding rounds of PerkFinance 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 |
|---|---|---|---|---|---|
| Sep 2018 | $900,000 | Seed | $2.84M | Fosun RZ Capital |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2018 | $2.84M | •••••••• |
Last known valuation $2.84M (Sep 2018). 7 investors in total: 1 institutional and 6 angel.
Investors in PerkFinance
PerkFinance has secured backing from 7 investors, including angel and institutional investors. Prominent investors backing the company include FRZ Capital, Karan Virwani and Krishna Vinjamuri.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investment and fund management services are conducted globally. | 2013 | frzcapital.cn | Beijing, China | |
KV Karan Virwani | unknown_f73d0dcfc9de491cb | |||
KV Krishna Vinjamuri | unknown_7d239dfc133e45e18 | |||
EB Eric Bunting | unknown_698027ed57784d8e9 | |||
TK Tej Kapoor | Managing Partner at IvyCap Ventures, active angel investor in Indian startups | unknown_b6514a8fef8e4716b | ||
AA Ankit Aggarwal | unknown_9f5ab67c89fa4cd8b | |||
VA Vipin Agarwal | Angel investor and entrepreneur, founder of VA Consulting, active in Indian startups | unknown_b17bf077d64845968 |
Investor details for PerkFinance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Stay Qurious Ventures Private Limited (PerkFinance)
Stay Qurious Ventures Private Limited is the primary company behind PerkFinance. The board of Stay Qurious Ventures Private Limited currently have 2 directors; the longest-serving is Swetha Vikas Kothari, appointed in 2018. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Swetha Vikas Kothari DIN 08125941 | Director | 04 May 2018 | 8 yrs 5 mo | Stay Qurious Ventures Private Limited |
| Vikas Prakash Kothari DIN 08125940 | Director | 04 May 2018 | 8 yrs 5 mo | Stay Qurious Ventures Private Limited |
Financials of PerkFinance
Figures of Stay Qurious Ventures Private Limited, the primary company behind PerkFinance, for FY 2023. Revenue was ₹2.1 Lakh (-99% year on year). Net loss was -₹29.3 Lakh (-1366% margin). EBITDA was -₹28.3 Lakh (-1317% margin). Revenue has grown at a compounded annual rate of -61% over three years.
- ₹2.1 LakhRevenue · FY 2023 · -99% YoY
- -₹29.3 LakhNet loss · -1366% margin
- -₹28.3 LakhEBITDA · -1317% margin
- ₹1.5 LakhPaid-up capital
- -61%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Stay Qurious Ventures Private Limited are on its company page.
Detailed financial statements for PerkFinance
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of PerkFinance
3 dated milestones of PerkFinance across 1 years, from founding to its latest funding, stage changes and deals.
- Founded PerkFinance is founded.
- Funding First funding round of $900K.
- Milestone Reaches Minicorn status.
Competitors of PerkFinance
PerkFinance has 3 listed competitors in our database, 2 of them funded. They include KarmaLife, Flex Salary and OptaCredit.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| karmalife.ai | 2020 | Bengaluru, India | $9.02M | 117 | Subscription-based payday loans are provided to blue-collar workers digitally. | |
| flexsalary.com | 2017 | Hyderabad, India | 809 | Offers a line of credit secured against monthly salaries. | ||
| optacredit.com | 2016 | Chennai, India | $402,168 | 2 | Operates an online platform providing payday loans tailored for salaried employees. |
Detailed competitors of PerkFinance
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Related news about Perkfinance
Complete news archive for PerkFinance
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Frequently Asked Questions about PerkFinance
PerkFinance was founded in 2017 and raised its 1st funding round 1 year after it was founded.
PerkFinance is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
PerkFinance is a funded company, having raised a total of $900K across 1 funding round to date. The company's 1st funding round was a Seed of $900K, raised on Sep 2018.
The primary company behind PerkFinance, Stay Qurious Ventures Private Limited, reported revenue of ₹2.1 Lakh for FY 2023, down 99% year on year.
PerkFinance was founded in 2017 in Bengaluru, India, as a fintech company focused on mobile-based financial services. Loans and financial planning tools are provided to blue-collar employees through its platform. The operations aim to connect workers with financial institutions by delivering accessible products in the lending sector. Services are tailored for underserved segments in the Indian market.
PerkFinance's top competitors include KarmaLife, Flex Salary and OptaCredit.
PerkFinance has 7 investors. Key investors include FRZ Capital, Karan Virwani, Krishna Vinjamuri, Eric Bunting, and Tej Kapoor.
The valuation of PerkFinance is $2.84M as of Sep 2018.
PerkFinance operates through Stay Qurious Ventures Private Limited.
The legal entities of PerkFinance currently have 2 directors, including Swetha Vikas Kothari, Vikas Prakash Kothari.