About Rive
Rive is a Financial Services company based in Bengaluru (India) founded in 2022 by Ritvik Jain and Prashanth Guru, and was acquired by Xare in January 2023. Rive is recognized as an all-in-one financial companion app. It operates on a FinTech and Commission-Based model. The company has 1 employees. Its Indian entity Efingen Technologies Private Limited reported revenue of ₹15.4 Lakh. Rive offers products and services including Rive App, Bill Payments, and Travel Booking. Its focus areas include Digital Payments and Mobile Wallets. Its competitors include Postpe, RedCarpetUp and Galaxycard; 2 of its 3 listed competitors have raised funding.
Company details
Rive is established as a comprehensive financial platform offering services like bill payments, mobile recharges, and travel bookings. It operates in the digital finance sector, providing solutions for managing personal finances and lifestyle needs. Users are supported with secure transactions, fast processing, rewards, and 247 assistance. The app is designed to simplify financial tasks and enhance user experience through innovative features.
- Headquarters Bengaluru, India
- Employees 1
- Founders Ritvik Jain, Prashanth Guru
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website rive.money
- Social LinkedIn X Facebook
- Acquired by Xare (Jan 2023)
- Legal Name Efingen Technologies Private Limited
- Date of Incorporation 10 Mar, 2022
- Jurisdiction Jayanagar, Karnataka, India
Associated legal entities of Rive
Rive operates through Efingen 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 |
|---|---|---|---|---|---|---|---|
| Efingen Technologies Private Limited CIN U72900KA2022PTC158786 | Active | 10 Mar 2022 | Jayanagar, Karnataka | ₹0.2 Cr | 2 | View details |
Products & Services of Rive
Rive offers a comprehensive portfolio of products and services, including Rive App, Bill Payments, and Travel Booking.
All-in-one app for payments and travel booking services.
Service for paying bills across multiple utility providers.
Platform for booking flights, hotels, and other travel.
Investors in Rive
Rive has secured backing from 1 investor. Prominent investors backing the company include Xare.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Global payments platform for individuals & businesses | 2020 | xare.co | Dubai, United Arab Emirates |
Investor details for Rive
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 Efingen Technologies Private Limited (Rive)
Efingen Technologies Private Limited is the primary company behind Rive. The board of Efingen Technologies Private Limited currently have 2 directors; the longest-serving is Pankaj Mishra, appointed in 2022. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pankaj Mishra DIN 09532885 | Director | 10 Mar 2022 | 4 yrs 8 mo | Efingen Technologies Private Limited |
| Ritvik Jain DIN 09532884 | Director | 10 Mar 2022 | 4 yrs 8 mo | Efingen Technologies Private Limited |
People of Rive
2 people are tracked at Rive (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Prashanth Guru | Co-Founder | Leadership |
Complete people profiles for Rive
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 Rive
Figures of Efingen Technologies Private Limited, the primary company behind Rive, for FY 2024. Revenue was ₹15.4 Lakh. Net profit was ₹7.4 Lakh (48% margin). EBITDA was ₹10.7 Lakh (70% margin).
- ₹15.4 LakhRevenue · FY 2024
- ₹7.4 LakhNet profit · 48% margin
- ₹10.7 LakhEBITDA · 70% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Efingen Technologies Private Limited are on its company page.
Detailed financial statements for Rive
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 Rive
2 dated milestones of Rive across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Rive is founded.
- Exit Acquired by Xare.
Competitors of Rive
Rive has 3 listed competitors in our database, 2 of them funded. They include Postpe, RedCarpetUp and Galaxycard.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| postpe.app | 2021 | Gurugram, India | 305 | App-based platform for point of sale financing | ||
| redcarpetup.com | 2013 | Gurugram, India | $10.79M | 237 | Short-term credit solutions are offered via an online platform. | |
| galaxycard.in | 2017 | Gurugram, India | $1.54M | 2 | Smartphone-linked credit cards are issued for consumer payments. |
Detailed competitors of Rive
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.
Top companies in Alternative Lending
3 companies that operate in the same segment as Rive (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 185.7 M | 2,787 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Rive
Rive was founded in 2022.
Rive is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rive has 1 employees.
The primary company behind Rive, Efingen Technologies Private Limited, reported revenue of ₹15.4 Lakh for FY 2024.
Rive is established as a comprehensive financial platform offering services like bill payments, mobile recharges, and travel bookings. It operates in the digital finance sector, providing solutions for managing personal finances and lifestyle needs. Users are supported with secure transactions, fast processing, rewards, and 247 assistance. The app is designed to simplify financial tasks and enhance user experience through innovative features.
Rive's top competitors include Postpe, RedCarpetUp and Galaxycard.
Rive offers Rive App, Bill Payments, and Travel Booking.
Rive has 1 investor. Key investors include Xare.
Rive operates through Efingen Technologies Private Limited.
Yes. Rive was acquired by Xare in January 2023.
The legal entities of Rive currently have 2 directors, including Pankaj Mishra, Ritvik Jain.