About Profinch
Profinch is a company based in Bengaluru (India) founded in 2014 by Ashok Kumar, Jaskaran Singh Bhogal, and Kiran Kumar. It operates as a SaaS (Software-as-a-Service) and Professional Services. Profinch has raised $123.52 thousand across 2 funding rounds from investors including Vs Diwakar Pannala, J Subramanian and Neela Shravan Kumar. The company has 833 employees as of April 04, 2024. Profinch offers products and services including Atumverse and OBPay. Profinch operates in a competitive market with competitors including AlmavivA, Hedgehog lab, Hancom, AKQA and Waracle, among others.
- Headquarter Bengaluru, India
- Employees 833 as on 04 Apr, 2024
- Founders Ashok Kumar, Jaskaran Singh Bhogal, Kiran Kumar
- Stage Minicorn
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Profinch Solutions Pvt. Ltd.
- Date of Incorporation 26 May, 2014
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$28.09 M (USD)13.15as on Mar 31, 2023
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Net Profit
-$1.95 M (USD)-182.4as on Mar 31, 2023
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EBITDA
-$359.78 K (USD)-109.27as on Mar 31, 2023
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Total Equity Funding
$123.52 K (USD)
in 2 rounds
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Latest Funding Round
$10.36 K (USD), Angel Round
Feb 02, 2017
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Investors
& 39 more
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Employee Count
833
as on Apr 04, 2024
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Products & Services of Profinch
Profinch offers a comprehensive portfolio of products and services, including Atumverse and OBPay.
Integrated platform for data and digital banking solutions.
Payment solution designed for banking and financial transactions.
Funding Insights of Profinch
Profinch has successfully raised a total of $123.52K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $10.36 thousand completed in February 2017. 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 Profinch
Profinch has secured backing from 40 investors, including angel investors. Prominent investors backing the company include Vs Diwakar Pannala, J Subramanian and Neela Shravan Kumar.
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Vs Diwakar Pannala |
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J Subramanian |
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Neela Shravan Kumar |
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Investor details for Profinch
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Investments & Acquisitions by Profinch
Investment portfolio details for Profinch
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- Transaction dates
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Financial Statements - Profinch
Detailed financials for Profinch
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- Profit trends
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Profinch Comparisons
Peer comparison for Profinch
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of Profinch
Profinch 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 AlmavivA, Hedgehog lab, Hancom, AKQA and Waracle, among others.
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IT services suite solutions are provided globally by AlmavivA.
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Mobile application development and UX design services are provided.
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Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions.
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Integrated digital marketing campaigns are developed and executed across channels.
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Mobile apps and IoT solutions are developed across platforms.
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IT services for application modernization and development are offered.
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Detailed competitors of Profinch
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Latest news on Profinch
Complete news archive for Profinch
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Frequently Asked Questions about Profinch
Profinch was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Profinch is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Profinch is a funded company, having raised a total of $123.52K across 2 funding rounds to date.
As of Apr 04, 2024, the latest employee count at Profinch is 833.
Annual revenue of Profinch is $28.09M as on Mar 31, 2023.
Profinch is involved in delivering adaptable enterprise solutions for the financial sector, focusing on banking and insurance. Services offered include core banking consulting, digital banking, regulatory compliance, and managed infrastructure. Products such as Atumverse, an integrated data and digital platform, are developed to support BFSI clients. Transformation services in cloud, analytics, and testing are also provided to enhance operational efficiency across global markets.
Profinch's top competitors include Hedgehog lab, AlmavivA and AKQA.
Profinch offers Atumverse and OBPay.
Profinch has 40 investors. Key investors include Vs Diwakar Pannala, J Subramanian, Neela Shravan Kumar, Priyam Srivastava, and Manohar Jajur Mathad.
The valuation of Profinch is $1.75M as of Feb 2017.