About Prefr
Prefr is a company based in Hyderabad (India) founded in 2008 by Abhishek Agarwal and Rajiv Raj was acquired by CRED in November 2022. Prefr has raised $10.41 million across 6 funding rounds from investors including CRED, Stride Ventures and Bharat Fund. The company has 283 employees as of April 08, 2024. Prefr operates in a competitive market with competitors including Epimoney, IndiaLends, Tala, i2i and TrillionLoans, among others.
- Headquarter Hyderabad, India
- Employees 283 as on 08 Apr, 2024
- Founders Abhishek Agarwal, Rajiv Raj
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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 Infocredit Services Private Limited
- Date of Incorporation 29 May, 2012
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$2.18 M (USD)-22.16as on Mar 31, 2021
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Net Profit
-$1.02 M (USD)51.83as on Mar 31, 2021
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EBITDA
-$1.39 M (USD)35.25as on Mar 31, 2021
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Total Equity Funding
$10.41 M (USD)
in 6 rounds
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Latest Funding Round
$95.77 K (USD), Series B
Dec 27, 2021
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Investors
CRED
& 14 more
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Employee Count
283
as on Apr 08, 2024
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Acquired by
CRED
(Nov 29, 2022)
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Funding Insights of Prefr
Prefr has successfully raised a total of $10.41M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $95.77 thousand completed in December 2021. 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 Prefr
Prefr has secured backing from 15 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include CRED, Stride Ventures and Bharat Fund.
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Investor details for Prefr
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Investments & Acquisitions by Prefr
Investment portfolio details for Prefr
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Financial Statements - Prefr
Detailed financials for Prefr
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Prefr Comparisons
Peer comparison for Prefr
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Competitors of Prefr
Prefr 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 Epimoney, IndiaLends, Tala, i2i and TrillionLoans, among others.
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Consumer and business loans are facilitated via an online platform.
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Online platform providing loans and credit cards from various financial institutions
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Fintech services for credit, savings, and payments are delivered globally.
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Borrowers are connected with investors through P2P lending services.
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Gold loans are facilitated via an online consumer marketplace.
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Online P2P marketplace for consumer and business loans is operated.
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Detailed competitors of Prefr
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Latest news on Prefr
Complete news archive for Prefr
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Frequently Asked Questions about Prefr
Prefr was founded in 2008 and raised its 1st funding round 6 years after it was founded.
Prefr is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Abhishek Agarwal is the current CEO of Prefr. They have also founded this company.
Prefr is a funded company, having raised a total of $10.41M across 6 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Prefr is 283.
Annual revenue of Prefr is $2.18M as on Mar 31, 2021.
Prefr was founded in 2008 in Hyderabad, India, and operates as an online platform in the fintech sector. Various loan products, such as personal loans, point-of-sale financing, cash advances, and term loans, are offered with tailored amounts, terms, and repayment schedules. Additional services including credit scores, health cards, and insurance are featured. The application is accessible on the Android platform.
Prefr has 15 investors. Key investors include CRED, Stride Ventures, Bharat Fund, Ryan Khoury, and Navroz D Udwadia.