About Profintech
Profintech is a company based in Hyderabad (India) founded in 2022 by Sandeep Kunkunuru and Ravi Tanniru.. Profintech has raised $1.28 million across 3 funding rounds from investors including M V Venugopal, Aparna Ravindran Pillai Syamala Devi and Donepudi Prameela. The company has 1 employees as of April 04, 2024. Profintech offers products and services including Finance Co-Pilot and Credit Bazaar. Profintech operates in a competitive market with competitors including Clime Finance, IntelleCash and Sabari Group, among others.
- Headquarter Hyderabad, India
- Employees 1 as on 04 Apr, 2024
- Founders Sandeep Kunkunuru, Ravi Tanniru
- Stage Minicorn
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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
*********
- Legal Name Profintech Technologies Private Limited
- Date of Incorporation 12 Nov, 2022
- Jurisdiction Shaikpet, Telangana, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$-62.17 K (USD)0as on Mar 31, 2023
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EBITDA
$-62.17 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$1.28 M (USD)
in 3 rounds
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Latest Funding Round
$628.28 K (USD), Angel Round
Jun 29, 2024
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Investors
Ascendior Consultancy
& 13 more
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Employee Count
1
as on Apr 04, 2024
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Products & Services of Profintech
Profintech offers a comprehensive portfolio of products and services, including Finance Co-Pilot and Credit Bazaar. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI assistant for financial decision-making and management services.
Platform for credit solutions and partnerships with businesses.
Funding Insights of Profintech
Profintech has successfully raised a total of $1.28M across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $628.28 thousand completed in June 2024. 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 Total Funding
- Total Rounds 3
- Last Round Angel Round — $628,282
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First Round
First Round
(04 May 2023)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Angel Round - Profintech | Valuation |
investors |
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| Nov, 2023 | Amount | Seed - Profintech | Valuation |
investors |
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| May, 2023 | Amount | Angel Round - Profintech | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Profintech
Profintech has secured backing from 14 investors, including angel investors. Prominent investors backing the company include M V Venugopal, Aparna Ravindran Pillai Syamala Devi and Donepudi Prameela. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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MV
M V Venugopal |
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Founded Year | Domain | Location |
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AR
Aparna Ravindran Pillai Syamala Devi |
Angel investor and entrepreneur, focusing on tech startups in India.
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Founded Year | Domain | Location |
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DP
Donepudi Prameela |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Profintech
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Profintech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Profintech Comparisons
Competitors of Profintech
Profintech 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 Clime Finance, IntelleCash and Sabari Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financing solutions for renewable energy projects are provided.
|
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| domain | founded_year | HQ Location |
Provides working capital loans to micro, small, and medium enterprises (MSMEs), backed by funding from the Michael & Susan Dell Foundation.
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| domain | founded_year | HQ Location |
Operates as a platform offering various loan solutions to individuals.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Profintech
When was Profintech founded?
Profintech was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Profintech located?
Profintech is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Profintech?
Ravi Tanniru is the current CEO of Profintech. They have also founded this company.
Is Profintech a funded company?
Profintech is a funded company, having raised a total of $1.28M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $438.47K, raised on May 04, 2023.
How many employees does Profintech have?
As of Apr 04, 2024, the latest employee count at Profintech is 1.
What does Profintech do?
Platform offering funding solutions. It is an online lending platform that provides financial and loan solutions to micro, small, and medium-sized enterprises.
Who are the top competitors of Profintech?
Profintech's top competitors include IntelleCash, Clime Finance and Sabari Group.
What products or services does Profintech offer?
Profintech offers Finance Co-Pilot and Credit Bazaar.
Who are Profintech's investors?
Profintech has 14 investors. Key investors include M V Venugopal, Aparna Ravindran Pillai Syamala Devi, Donepudi Prameela, Rahul Gedupudi, and K Srinivasan.
What is Profintech's valuation?
The valuation of Profintech is $14.7M as of Jun 2024.