About Refo
Refo is a Technology company based in Mumbai (India) founded in 2023 by Nitin Sharma and Harshvardhan Singh. It offers SaaS platform for automating lending processes, decisions, and workflows for banks. It operates on a SaaS and B2B model. Its chief executive is Nitin Sharma. Its Indian entity Refo Tech Systems Private Limited reported revenue of ₹1.42 Cr. Refo offers products and services including Onboarding, Decisioning, Micro Workflows, and SME Lending Solution. Its focus areas include FinTech, Lending Tech, Small Business Lending and Workflow Automation. Its competitors include Perfios, Hyperface, Ascend Capital, Cloud Lending and Niro and 3 more; 5 of its 8 listed competitors have raised funding.
Company details
Refo is a technology company that develops a lending automation platform to help financial institutions manage customer onboarding, decisioning, and micro workflows. It enables faster loan acquisition, risk mitigation, and process optimization through API integrations. Based in locations like Mumbai and Dallas, Refo serves clients including HDFC Bank and DMI Finance by integrating with existing tech stacks and providing data-driven insights for growth.
- Headquarters Mumbai, India
- Founders Nitin Sharma, Harshvardhan Singh
- SectorsTechnology
- Website refo.dev
- Social LinkedIn
- Legal Name Refo Tech Systems Private Limited
- Date of Incorporation 10 Apr, 2023
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹1.42 Cr
FY 2024
- Net Profit₹77,333
FY 2024 · 1% margin
- EBITDA₹4.7 Lakh
FY 2024 · 3% margin
Associated legal entities of Refo
Refo operates through Refo Tech Systems 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 |
|---|---|---|---|---|---|---|---|
| Refo Tech Systems Private Limited CIN U62099DL2023PTC412175 | Active | 10 Apr 2023 | New Delhi, Delhi | ₹1.4 Cr | – | 2 | View details |
Products & Services of Refo
Refo offers a comprehensive portfolio of products and services, including Onboarding, Decisioning, Micro Workflows, and SME Lending Solution.
Automates customer onboarding for scalable loan acquisition processes
Facilitates data-driven decisions with agile policy control and auditing
Automates lending workflows with integrations for efficiency
Optimizes lending setup for small business loans and risk analysis
Board of directors of Refo Tech Systems Private Limited (Refo)
Refo Tech Systems Private Limited is the primary company behind Refo. The board of Refo Tech Systems Private Limited currently have 2 directors; the longest-serving is Nitin Kumar Sharma, appointed in 2023.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nitin Kumar Sharma DIN 07274275 | Director | 10 Apr 2023 | 3 yrs 6 mo | Refo Tech Systems Private Limited |
| Harshvardhan DIN 10107830 | Director | 10 Apr 2023 | 3 yrs 6 mo | Refo Tech Systems Private Limited |
People of Refo
2 people are tracked at Refo (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder, CEO | Leadership | |
Harshvardhan Singh | Co-Founder | Leadership |
Complete people profiles for Refo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of Refo
Figures of Refo Tech Systems Private Limited, the primary company behind Refo, for FY 2024. Revenue was ₹1.42 Cr. Net profit was ₹77,333 (1% margin). EBITDA was ₹4.7 Lakh (3% margin).
- ₹1.42 CrRevenue · FY 2024
- ₹77,333Net profit · 1% margin
- ₹4.7 LakhEBITDA · 3% margin
- ₹10 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Refo Tech Systems Private Limited are on its company page.
Detailed financial statements for Refo
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.
Competitors of Refo
Refo has 8 listed competitors in our database, 5 of them funded. They include Perfios, Hyperface, Ascend Capital, Cloud Lending and Niro, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| perfios.com | 2008 | Bengaluru, India | $258.77M | – | Provides financial technology solutions for data analysis and verification globally. | |
| hyperface.co | 2021 | Bengaluru, India | $10.3M | 91 | Provider of platform for launching and managing credit card programs | |
| ascendcap.in | 2018 | Jaipur, India | $6.02M | 263 | Provider of financing solutions for electric vehicles | |
| cloudlendinginc.com | 2013 | Foster, United States | $16.15M | 148 | A cloud-based lending platform is provided for financial institutions. | |
| niro.money | 2021 | Bengaluru, India | $19.57M | 300 | Provider of a platform for lending as a service management | |
| linedata.com | 1998 | – | – | 157 | Software, data, analytics, and services are provided to financial institutions. | |
| iserveu.in | 2016 | Bhubaneswar, India | – | 852 | Financial infrastructure platform is offered for banking and remittance services. | |
| arthmate.com | 2020 | Gurugram, India | – | 172 | Provider of digital lending solutions and embedded finance services for SMEs and financial institutions |
Detailed competitors of Refo
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- Full competitor set
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Top companies in Enterprise Workflow & Process Management
10 companies that operate in the same segment as Refo (Enterprise Workflow & Process Management), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based ERP software is offered for multiple industries. | 1991 | Loughborough, England, United Kingdom | USD 1.49 B | – | 7,356 | |
AI-based platform for secure collaboration and content management is utilized. | 2005 | Redwood City, California, United States | USD 692.63 M | USD 1.18 B | 4,447 | |
Cloud-based business process management suite solutions are delivered. | 2010 | San Mateo, California, United States | USD 400.05 M | USD 838.81 M | 4,500 | |
Cloud-based low-code platform enables application development and automation. | 1999 | Reston, Virginia, United States | USD 47.5 M | USD 726.94 M | 2,029 | |
Cloud and AI based low code workflow and app development platform | 2013 | San Francisco, California, United States | USD 1.35 B | – | 4,475 | |
Cloud based platform for employee communication | 2016 | Mountain View, California, United States | USD 315 M | USD 2.49 M | 643 | |
Digital adoption platform is provided for software optimization. | 2011 | San Francisco, California, United States | USD 307.5 M | USD 10.51 M | 1,229 | |
SaaS-based workflow and task management solution provider | 2015 | San Francisco, California, United States | USD 148.74 M | – | – | |
SaaS-driven solutions for fitness business management are offered. | 1986 | New York, New York, United States | – | USD 785.01 M | 3,020 | |
Cloud-based process mining and execution management software is offered. | 2011 | Munchen, Bayern, Germany | USD 1.77 B | USD 5.27 M | 4,294 |
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Frequently Asked Questions about Refo
Refo was founded in 2023.
Refo is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Nitin Sharma is the current CEO of Refo. They have also founded this company.
The primary company behind Refo, Refo Tech Systems Private Limited, reported revenue of ₹1.42 Cr for FY 2024.
Refo is a technology company that develops a lending automation platform to help financial institutions manage customer onboarding, decisioning, and micro workflows. It enables faster loan acquisition, risk mitigation, and process optimization through API integrations. Based in locations like Mumbai and Dallas, Refo serves clients including HDFC Bank and DMI Finance by integrating with existing tech stacks and providing data-driven insights for growth.
Refo's top competitors include Perfios, Niro and Ascend Capital.
Refo offers Onboarding, Decisioning, Micro Workflows, and SME Lending Solution.
Refo operates through Refo Tech Systems Private Limited.
The legal entities of Refo currently have 2 directors, including Nitin Kumar Sharma, Harshvardhan.