About RemitGuru
RemitGuru is a company based in Mumbai (India) founded in 2012 by Hershel Asmani and Vishwas Patel. It operates as a B2C. RemitGuru has raised $52.92 million across 2 funding rounds from investors including Paytm, Infibeam Avenues and One97 Communications. The company has 203 employees as of March 31, 2023. RemitGuru operates in a competitive market with competitors including Remitly, Euronet Worldwide, Azimo, Xoom and BookMyForex, among others.
- Headquarter Mumbai, India
- Employees 203 as on 31 Mar, 2023
- Founders Hershel Asmani, Vishwas Patel
- Stage Minicorn
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Fable Fintech Private Limited
- Date of Incorporation 27 Dec, 1999
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.39 M (USD)-3.49as on Mar 31, 2023
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Net Profit
-$2.84 M (USD)-8.45as on Mar 31, 2023
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EBITDA
-$2.58 M (USD)-8.95as on Mar 31, 2023
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Total Equity Funding
$52.92 M (USD)
in 2 rounds
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Latest Funding Round
$50 M (USD), Series A
May 12, 2021
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Investors
Paytm
& 6 more
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Employee Count
203
as on Mar 31, 2023
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Funding Insights of RemitGuru
RemitGuru has successfully raised a total of $52.92M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $50 million completed in May 2021. 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 RemitGuru
RemitGuru has secured backing from 7 investors, including institutional and angel investors. Prominent investors backing the company include Paytm, Infibeam Avenues and One97 Communications.
| Investor | Description | Founded Year | Domain | Location |
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Digital payments, financial services, and e-commerce platforms are provided.
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Digital payment solutions and enterprise software platforms are provided.
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Merchant accounting, credit card processing, and payment gateway solutions for businesses
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Investor details for RemitGuru
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Investments & Acquisitions by RemitGuru
Investment portfolio details for RemitGuru
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Financial Statements - RemitGuru
Detailed financials for RemitGuru
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Remitguru Comparisons
Peer comparison for RemitGuru
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Competitors of RemitGuru
RemitGuru 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 Remitly, Euronet Worldwide, Azimo, Xoom and BookMyForex, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cross-border money transfers are facilitated via banking networks.
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Electronic payments and transaction processing solutions are offered globally.
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Cross-border money transfers are enabled via a digital banking channel.
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Cross-border money transfers are enabled via banking channels.
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Online foreign exchange and remittance services are facilitated in India.
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International money transfer service provider.
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Detailed competitors of RemitGuru
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Latest news on Remitguru
Complete news archive for RemitGuru
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Frequently Asked Questions about RemitGuru
RemitGuru was founded in 2012 and raised its 1st funding round 5 years after it was founded.
RemitGuru is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Vishwas Patel is the current CEO of RemitGuru. They have also founded this company.
RemitGuru is a funded company, having raised a total of $52.92M across 2 funding rounds to date.
As of Mar 31, 2023, the latest employee count at RemitGuru is 203.
Annual revenue of RemitGuru is $1.39M as on Mar 31, 2023.
RemitGuru, based in Mumbai, focuses on offering financial products and advice, banking and payments, remittances, and cross-border transfers. Serves as a banking channel for cross-border money transfers. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
RemitGuru's top competitors include Azimo, Euronet Worldwide and NALA.
RemitGuru has 7 investors. Key investors include Paytm, Infibeam Avenues, One97 Communications, Muthoot Fincorp, and CCAvenue.
The valuation of RemitGuru is $22.44M as of May 2021.