About Refrens
Refrens is a company based in Bengaluru (India) founded in 2019 by Mohit Jain and Naman Sarawagi. Refrens has raised $1.2 million across 2 funding rounds from investors including Angel List, LetsVenture and ITI Growth Opportunities. The company has 19 employees as of April 05, 2024. Refrens operates in a competitive market with competitors including Wolters Kluwer, BlackLine, Digits, HighRadius and AccountsIQ, among others.
- Headquarter Bengaluru, India
- Employees 19 as on 05 Apr, 2024
- Founders Mohit Jain, Naman Sarawagi
- Stage Minicorn
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Sectors
Technology
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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 Refrens Internet Private Limited
- Date of Incorporation 25 Jul, 2019
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$128.56 K (USD)154.81as on Mar 31, 2023
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Net Profit
-$247.1 K (USD)-107.14as on Mar 31, 2023
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EBITDA
-$242.93 K (USD)-104.46as on Mar 31, 2023
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Total Equity Funding
$1.2 M (USD)
in 2 rounds
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Latest Funding Round
$867.43 K (USD), Seed
Mar 28, 2022
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Investors
Angel List
& 92 more
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Employee Count
19
as on Apr 05, 2024
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People of Refrens
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Product Management Team
3 people
Leadership Team
1 people
Customer Team
1 people
Sales and Marketing
1 people
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Funding Insights of Refrens
Refrens has successfully raised a total of $1.2M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $867.43 thousand completed in March 2022. 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 Refrens
Refrens has secured backing from 93 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, LetsVenture and ITI Growth Opportunities.
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Investment in startups across aerospace, electric vehicles, and personal wellness sectors.
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Venture capital funding is provided to innovative startups in India.
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Angel network facilitating startup investments and investor connections in technology and sustainability sectors.
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Investor details for Refrens
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Investments & Acquisitions by Refrens
Investment portfolio details for Refrens
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Financial Statements - Refrens
Detailed financials for Refrens
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Refrens Comparisons
Peer comparison for Refrens
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Competitors of Refrens
Refrens 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 Wolters Kluwer, BlackLine, Digits, HighRadius and AccountsIQ, among others.
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Enterprise legal processes are managed via an AI-powered platform.
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AI-based accounting processes are automated for businesses.
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SMS-based customer authentication and verification services are provided across platforms.
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Autonomous finance and payment solutions are provided to businesses.
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Cloud-native group accounting platform with automation intelligence is utilized.
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Cloud-based transaction management and reconciliation solutions are offered for businesses.
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Detailed competitors of Refrens
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Latest news on Refrens
Complete news archive for Refrens
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Frequently Asked Questions about Refrens
Refrens was founded in 2019.
Refrens is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Maryann B Carmela is the current CEO of Refrens.
Refrens is a funded company, having raised a total of $1.2M across 2 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Refrens is 19.
Annual revenue of Refrens is $128.56K as on Mar 31, 2023.
A cloud-based platform was established in 2019 in Bengaluru, India, to manage financial operations for businesses. Accounting, invoicing, sales, inventory, and expenses are integrated into the system, allowing efficient oversight of operations. Tools such as an invoice maker, billing software, and accounting features are included to automate tasks and enhance visibility into finances. The platform supports companies in various sectors by centralizing these functions.
Refrens has 93 investors. Key investors include Angel List, LetsVenture, ITI Growth Opportunities, First Cheque, and Upsparks Capital.
The valuation of Refrens is $7.41M as of Mar 2022.