About PhoneParLoan
PhoneParLoan is a Financial Services company based in Delhi (India) founded in 2015 by Ashwin Bhambri. It operates as a personal loans are provided via an online marketplace for consumers. PhoneParLoan has raised $611.17 thousand across 9 funding rounds from investors including Lead Angels, Incubate Fund India and CashBus. PhoneParLoan was last valued at $5.65 million in February 2020. Its chief executive is Ashwin Bhambri. Its Indian entity Millennial Card Technologies Private Limited reported revenue of ₹66 Lakh. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Yaper, Blink Card, UrgentCash, Fiddo Loans and BadaBro and 1 more.
Company details
PhoneParLoan was established in 2015 in Delhi, India, as an online platform in the fintech sector. Short-term personal loans are facilitated for users through a digital application process. Applicants submit personal details, income verification, banking information, and related documents entirely online. Operations focus on connecting consumers with loan options in the Indian market.
- Headquarters Delhi, India
- Founders Ashwin Bhambri
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website phoneparloan.in
- Social LinkedIn X Facebook
- Legal Name Millennial Card Technologies Private Limited
- Date of Incorporation 17 May, 2017
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹66 Lakh
FY 2021 · +116% YoY
- Net Loss-₹45.3 Lakh
FY 2021 · -69% margin
- EBITDA-₹35.7 Lakh
FY 2021 · -54% margin
- Total Equity Funding$611.17K (USD)
in 9 rounds
- InvestorsLead Angels
& 29 more
Associated legal entities of PhoneParLoan
PhoneParLoan operates through Millennial Card Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Millennial Card Technologies Private Limited CIN U74999DL2017PTC317676 | Active | 17 May 2017 | New Delhi, Delhi | ₹0.7 Cr | – | 2 | View details |
Funding Insights of PhoneParLoan
PhoneParLoan has successfully raised a total of $611.17K across 9 strategic funding rounds. 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 $611,171
- Total Rounds 9
- Investors Count 30
All 9 funding rounds of PhoneParLoan 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 |
|---|---|---|---|---|---|
| Jun 2022 | – | Seed | – | Orbit Startups | – |
| Feb 2020 | $74,245 | Seed | $5.65M | – | |
| Feb 2019 | $74,762 | Seed | $5.57M | – | |
| Aug 2018 | – | Seed | $••••• | CashBus | |
| Jun 2018 | $131,220 | Seed | $••••• | Mani Capitals | |
| Jan 2018 | $203,951 | Seed | $••••• | Cashbus Cayman | – |
| Jun 2017 | $126,993 | Seed | $••••• | Incubate Fund India | |
| Dec 2016 | – | Seed | – | 1864 Accelerator | – |
| Jun 2016 | – | Seed | – | Flat6Labs | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2020 | $5.65M | •••••••• |
| Feb 2019 | $5.57M | •••••••• |
| Aug 2018 | $••••• | •••••••• |
| Jun 2018 | $••••• | •••••••• |
| Jan 2018 | $••••• | •••••••• |
Full valuation and stage history of PhoneParLoan
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
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Verified entity values are shown only after access is granted.
Last known valuation $5.65M (Feb 2020). 30 investors in total: 13 institutional and 17 angel.
Investors in PhoneParLoan
PhoneParLoan has secured backing from 30 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Lead Angels, Incubate Fund India and CashBus.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are incubated across sectors without restrictions. | – | orbitstartups.com | Shanghai, China | |
Venture capital and accelerator services are provided across multiple sectors. | – | sosv.com | Cork, Ireland | |
Investment in high-growth startups and angel funding services in India. | 2014 | leadangels.in | Mumbai, India | |
Venture capital and accelerator focused on fintech sectors | – | jadevaluefintech.com | Pudong, China | |
Early-stage venture capital firm investing in diverse sectors with a founder-first approach. | 2016 | pitchright.ventures | Mumbai, India | |
A&I and VC fund focused on multiple sectors | – | xseed2consulting.tcc.mode | Hyderabad, India | |
Venture capital fund investing in early-stage tech startups | 2016 | incubatefund.in | Tokyo, Japan | |
FinTech startups are accelerated through a 14-week program in Egypt. | – | 1864accelerator.com | Giza, Egypt | |
Startups are accelerated and funded via venture capital investments. | – | flat6labs.com | Cairo, Egypt | |
Collateral-free personal loans are offered via mobile platform. | 2014 | cashbus.com | Shanghai, China |
Investor details for PhoneParLoan
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Millennial Card Technologies Private Limited (PhoneParLoan)
Millennial Card Technologies Private Limited is the primary company behind PhoneParLoan. The board of Millennial Card Technologies Private Limited currently have 2 directors; the longest-serving is Om Prakash Bhambri, appointed in 2018. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Om Prakash Bhambri DIN 08227127 | Director | 18 Sep 2018 | 8 yrs | Millennial Card Technologies Private Limited |
| Ashwin Bhambri DIN 02670228 | Director | 18 Dec 2021 | 4 yrs 9 mo | Millennial Card Technologies Private Limited |
People of PhoneParLoan
1 people are tracked at PhoneParLoan (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership |
Complete people profiles for PhoneParLoan
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of PhoneParLoan
Figures of Millennial Card Technologies Private Limited, the primary company behind PhoneParLoan, for FY 2021. Revenue was ₹66 Lakh (+116% year on year). Net loss was -₹45.3 Lakh (-69% margin). EBITDA was -₹35.7 Lakh (-54% margin). Revenue has grown at a compounded annual rate of +159% over three years.
- ₹66 LakhRevenue · FY 2021 · +116% YoY
- -₹45.3 LakhNet loss · -69% margin
- -₹35.7 LakhEBITDA · -54% margin
- ₹1.4 LakhPaid-up capital
- +159%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Millennial Card Technologies Private Limited are on its company page.
Detailed financial statements for PhoneParLoan
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of PhoneParLoan
4 dated milestones of PhoneParLoan across 7 years, from founding to its latest funding, stage changes and deals.
- Founded PhoneParLoan is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed,.
Competitors of PhoneParLoan
PhoneParLoan has 6 listed competitors in our database. They include Yaper, Blink Card, UrgentCash, Fiddo Loans and BadaBro, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| yaper.co | 2019 | Delhi, India | – | – | Delivers app-based personal credit lines to individuals for flexible financial solutions. | |
| blinkcard.in | 2022 | Krishna, India | – | – | Offers virtual prepaid debit cards for online and NFC payments with security features. | |
| urgentcash.in | 2001 | Ghaziabad, India | – | – | Offers an app-based platform for personal credit lines. | |
| fiddoloans.in | 2017 | Mumbai, India | – | – | Offers an online platform for personal credit lines and comprehensive financial solutions. | |
| badabro.com | 2019 | Kolkata, India | – | 1 | Instant loans via app for professionals and students in India. | |
| eazykred.com | 2021 | Bengaluru, India | – | – | Offers virtual prepaid card solutions for individual users. |
Detailed competitors of PhoneParLoan
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Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
10 companies that operate in the same segment as PhoneParLoan (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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Related news about Phoneparloan
Complete news archive for PhoneParLoan
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Frequently Asked Questions about PhoneParLoan
PhoneParLoan was founded in 2015 and raised its 1st funding round 1 year after it was founded.
PhoneParLoan is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Ashwin Bhambri is the current CEO of PhoneParLoan. They have also founded this company.
PhoneParLoan is a funded company, having raised a total of $611.17K across 9 funding rounds to date.
The primary company behind PhoneParLoan, Millennial Card Technologies Private Limited, reported revenue of ₹66 Lakh for FY 2021, up 116% year on year.
PhoneParLoan was established in 2015 in Delhi, India, as an online platform in the fintech sector. Short-term personal loans are facilitated for users through a digital application process. Applicants submit personal details, income verification, banking information, and related documents entirely online. Operations focus on connecting consumers with loan options in the Indian market.
PhoneParLoan's top competitors include Yaper, BadaBro and Fiddo Loans.
PhoneParLoan has 30 investors. Key investors include Lead Angels, Incubate Fund India, CashBus, PitchRight Ventures, and Satin Neo Dimensions.
The valuation of PhoneParLoan is $5.65M as of Feb 2020.
PhoneParLoan operates through Millennial Card Technologies Private Limited.
The legal entities of PhoneParLoan currently have 2 directors, including Ashwin Bhambri, Om Prakash Bhambri.