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. 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
- Founders Sandeep Kunkunuru, Ravi Tanniru
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website profintech.ai
- Social LinkedIn Facebook Instagram
- Legal Name Profintech Technologies Private Limited
- Date of Incorporation 12 Nov, 2022
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹14.2 Lakh
FY 2024
- Net Loss-₹4.14 Cr
FY 2024 · -2920% margin
- EBITDA-₹4.13 Cr
FY 2024 · -2910% margin
- Total Equity Funding$1.28M (USD)
in 3 rounds
- Latest Funding Round$628.28K (USD), Angel Round
Jun 2024
- Employee Count1
Associated legal entities of Profintech
Profintech operates through Profintech Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Profintech Technologies Private Limited CIN U67190TG2022PTC168185 | Active | 12 Nov 2022 | Hyderabad, Telangana | ₹0.1 Cr | 21 | 2 | View details |
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 $1.28M
- Total Rounds 3
- Last Round Angel Round — $628,282
- First Round $438,466
(May 2023)
- Investors Count 14
All 3 funding rounds of Profintech 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 2024 | $628,282 | Angel Round | $14.7M | – | |
| Nov 2023 | $214,587 | Seed | $15.36M | – | |
| May 2023 | $438,466 | Angel Round | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2024 | $14.7M | •••••••• |
| Nov 2023 | $15.36M | •••••••• |
| May 2023 | $••••• | •••••••• |
Full valuation and stage history of Profintech
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
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $14.7M (Jun 2024). 14 investors in total: 1 institutional and 13 angel.
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 |
|---|---|---|---|---|
MV M V Venugopal | - | – | unknown_472cc8e32f05456fb | - |
AR Aparna Ravindran Pillai Syamala Devi | Angel investor and entrepreneur, focusing on tech startups in India. | – | unknown_b6e60ec0b5674f018 | - |
DP Donepudi Prameela | - | – | unknown_82416b07731a48d7a | - |
RG Rahul Gedupudi | Angel investor, tech entrepreneur, co-founder of Perigee, focused on early-stage startups | – | unknown_e4ef3a5d0db842c39 | - |
KS K Srinivasan | - | – | unknown_dded1032bbd1430b8 | - |
SC Sreemannarayana Chalasani | - | – | unknown_beacb513130f4c529 | - |
KI K I Varaprasad Reddy | - | – | unknown_e7bc6ed51e2b47a0a | - |
SS Satya Srinivasa Arun Kumar Chavali | - | – | unknown_c57945fb487047a38 | - |
KS K Sravanthi | - | – | unknown_a11b2350a1c044798 | - |
BR Bharathi Ravipati | - | – | unknown_16e12b50cf5346829 | - |
Investor details for Profintech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Profintech Technologies Private Limited (Profintech)
Profintech Technologies Private Limited is the primary company behind Profintech. The board of Profintech Technologies Private Limited currently have 2 directors; the longest-serving is Krishna Kumari Tanniru, appointed in 2022. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Krishna Kumari Tanniru DIN 09788470 | Director | 12 Nov 2022 | 3 yrs 11 mo | Profintech Technologies Private Limited |
| Ravi Kiran Tanniru DIN 07523178 | Director | 12 Nov 2022 | 3 yrs 11 mo | Profintech Technologies Private Limited |
People of Profintech
2 people are tracked at Profintech (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Sandeep Kunkunuru | Co-Founder & CTO | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for Profintech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Profintech
Figures of Profintech Technologies Private Limited, the primary company behind Profintech, for FY 2024. Revenue was ₹14.2 Lakh. Net loss was -₹4.14 Cr (-2920% margin). EBITDA was -₹4.13 Cr (-2910% margin).
- ₹14.2 LakhRevenue · FY 2024
- -₹4.14 CrNet loss · -2920% margin
- -₹4.13 CrEBITDA · -2910% margin
- ₹1.1 LakhPaid-up capital
- 21Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Profintech Technologies Private Limited are on its company page.
Detailed financial statements for Profintech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Profintech
4 dated milestones of Profintech across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Profintech is founded.
- Funding First funding round of $438K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $628K.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| climefinance.com | 2020 | Delhi, India | $1.42M | – | Financing solutions for renewable energy projects are provided. | |
| intellecash.com | 2007 | Delhi, India | $5.05M | 10,408 | Provides working capital loans to micro, small, and medium enterprises (MSMEs), backed by funding from the Michael & Susan Dell Foundation. | |
| sabarigroup.com | 1995 | Chennai, India | – | 26 | Operates as a platform offering various loan solutions to individuals. |
Detailed competitors of Profintech
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Profintech
10 companies that operate in the same segment as Profintech (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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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 2023.
Profintech has 1 employees.
The primary company behind Profintech, Profintech Technologies Private Limited, reported revenue of ₹14.2 Lakh for FY 2024.
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.
Profintech operates through Profintech Technologies Private Limited.