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
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- Legal Name Profintech Technologies Private Limited
- Date of Incorporation 12 Nov, 2022
- Jurisdiction Shaikpet, Telangana, India
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Annual Revenue
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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.
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 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 |
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.
| 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 |
Investments & Acquisitions by Profintech
Financial Statements - Profintech
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.
| 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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Latest news on Profintech
Frequently Asked Questions about Profintech
Profintech was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Profintech is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Ravi Tanniru is the current CEO of Profintech. They have also founded this 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.
As of Apr 04, 2024, the latest employee count at Profintech is 1.
Platform offering funding solutions. It is an online lending platform that provides financial and loan solutions to micro, small, and medium-sized enterprises.
Profintech's top competitors include IntelleCash, Clime Finance and Sabari Group.
Profintech offers Finance Co-Pilot and Credit Bazaar.
Profintech has 14 investors. Key investors include M V Venugopal, Aparna Ravindran Pillai Syamala Devi, Donepudi Prameela, Rahul Gedupudi, and K Srinivasan.
The valuation of Profintech is $14.7M as of Jun 2024.