About Slonkit
Slonkit is a Financial Services company based in Mumbai (India) founded in 2015. It operates as a prepaid card and digital wallet for teenagers and students. Slonkit has raised $1.56 million across 2 funding rounds from investors including IDFC First Bank, Capital First and SVJ Capital. The company has 17 employees. Slonkit was last valued at $9.93 million in April 2017. Its Indian entity Sienna Systems Resources Private Limited reported revenue of ₹1.2 Lakh. Its focus areas include FinTech, Payments, Consumer Payments and Payment Cards. Its competitors include Greenlight, FamApp, Junio, YPay Card and Funngro and 2 more; 6 of its 7 listed competitors have raised funding.
Company details
Slonkit was founded in 2015 in Mumbai, India, operating in the fintech sector. A bank-issued prepaid card and mobile wallet are offered to help teenagers and students aged 10 and older manage expenditures. Features such as money transfers and loyalty programs are included. Parents are allowed to register up to four children on a single account. The service focuses on financial tracking and control within the Indian market.
- Headquarters Mumbai, India
- Employees 17
- Stage Minicorn
- SectorsFinancial Services
- Website slonkit.com
- Social LinkedIn X Facebook
- Legal Name Sienna Systems Resources Private Limited
- Date of Incorporation 17 Jun, 2010
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1.2 Lakh
FY 2025 · +1% YoY
- Net Loss-₹5.4 Lakh
FY 2025 · -461% margin
- EBITDA₹51,950
FY 2025 · 44% margin
- Total Equity Funding$1.56M (USD)
in 2 rounds
- Latest Funding Round$836.66K (USD), Seed
Apr 2018
- InvestorsIDFC First Bank
& 2 more
- Employee Count17
Associated legal entities of Slonkit
Slonkit operates through Sienna Systems Resources Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sienna Systems Resources Private Limited CIN U29253MH2010PTC204370 | Active | 17 Jun 2010 | Mumbai, Maharashtra | ₹0.0 Cr | 17 | 3 | View details |
Funding Insights of Slonkit
Slonkit has successfully raised a total of $1.56M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $836.66 thousand completed in April 2018. 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 $1.56M
- Total Rounds 2
- Last Round Seed — $836,655
- First Round $720,678
(Apr 2017)
- Investors Count 3
All 2 funding rounds of Slonkit 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 |
|---|---|---|---|---|---|
| Apr 2018 | $836,655 | Seed | – | Capital First | – |
| Apr 2017 | $720,678 | Seed | $9.93M | IDFC First Bank |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2017 | $9.93M | •••••••• |
Last known valuation $9.93M (Apr 2017). 3 investors in total: 3 institutional.
Investors in Slonkit
Slonkit has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include IDFC First Bank, Capital First and SVJ Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Specialized financing for real estate infrastructure is provided in India. | 2008 | capitalfirst.com | Mumbai, India | |
Commercial bank | 1997 | idfcfirstbank.com | Mumbai, India | |
- | – | svjcapital.tcc.mode | - |
Investor details for Slonkit
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Board of directors of Sienna Systems Resources Private Limited (Slonkit)
Sienna Systems Resources Private Limited is the primary company behind Slonkit. The board of Sienna Systems Resources Private Limited currently have 3 directors; the longest-serving is Javed Faizullah Tapia, appointed in 2010. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Javed Faizullah Tapia DIN 00056420 | Director | 17 Jun 2010 | 16 yrs 4 mo | Sienna Systems Resources Private Limited |
| Farokh Kekhushroo Banatwalla DIN 02670802 | Director | 01 Jan 2016 | 10 yrs 9 mo | Sienna Systems Resources Private Limited |
| Kunal Gopinath Nagarkatti DIN 03400684 | Director | 25 Apr 2017 | 9 yrs 5 mo | Sienna Systems Resources Private Limited |
People of Slonkit
2 people are tracked at Slonkit (2 in leadership); the tracked headcount is 17.
| Name | Role | Group |
|---|---|---|
Saida Nathani | – | Leadership |
| – | Leadership |
Complete people profiles for Slonkit
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Financials of Slonkit
Figures of Sienna Systems Resources Private Limited, the primary company behind Slonkit, for FY 2025. Revenue was ₹1.2 Lakh (+1% year on year). Net loss was -₹5.4 Lakh (-461% margin). EBITDA was ₹51,950 (44% margin). Revenue has grown at a compounded annual rate of -45% over three years and -56% over five years.
- ₹1.2 LakhRevenue · FY 2025 · +1% YoY
- -₹5.4 LakhNet loss · -461% margin
- ₹51,950EBITDA · 44% margin
- ₹8.47 CrPaid-up capital
- 17Employees (provident fund records)
- -45%Revenue CAGR, 3 years
- -56%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sienna Systems Resources Private Limited are on its company page.
Detailed financial statements for Slonkit
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Slonkit
4 dated milestones of Slonkit across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Slonkit is founded.
- Funding First funding round of $721K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $837K.
Competitors of Slonkit
Slonkit has 7 listed competitors in our database, 6 of them funded. They include Greenlight, FamApp, Junio, YPay Card and Funngro, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| greenlight.com | 2014 | Atlanta, United States | $556.5M | 210 | App-based investment platform for kids and teens is operated. | |
| famapp.in | 2019 | Bengaluru, India | $42.7M | 69 | FamApp by Trio is focused on financial inclusion for the next generation through UPI and card payment solutions. | |
| junio.in | 2020 | Delhi, India | $8.17M | – | Provider of a digital payment platform that offers a prepaid RuPay powered smartcard designed for students to manage their day-to-day online and offline expenses, track spending, and earn rewards | |
| ypaycard.com | 2017 | Bareilly, India | $666,667 | 54 | Payment cards for teens are issued to manage personal spending. | |
| funngro.com | 2021 | Mumbai, India | $195,062 | – | Earning platform for youngsters is provided via project-based freelancing. | |
| pencilton.com | 2017 | Hyderabad, India | $330,000 | – | An app-based platform offering prepaid card services for users. | |
| finteck.in | 2022 | Bhubaneswar, India | – | – | Online money management platform for teens |
Detailed competitors of Slonkit
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Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as Slonkit (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Frequently Asked Questions about Slonkit
Slonkit was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Slonkit is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Slonkit is a funded company, having raised a total of $1.56M across 2 funding rounds to date. The company's 1st funding round was a Seed of $720.68K, raised on Apr 2017.
Slonkit has 17 employees.
The primary company behind Slonkit, Sienna Systems Resources Private Limited, reported revenue of ₹1.2 Lakh for FY 2025, up 1% year on year.
Slonkit was founded in 2015 in Mumbai, India, operating in the fintech sector. A bank-issued prepaid card and mobile wallet are offered to help teenagers and students aged 10 and older manage expenditures. Features such as money transfers and loyalty programs are included. Parents are allowed to register up to four children on a single account. The service focuses on financial tracking and control within the Indian market.
Slonkit's top competitors include FamApp, Greenlight and Junio.
Slonkit has 3 investors. Key investors include IDFC First Bank, Capital First, and SVJ Capital.
The valuation of Slonkit is $9.93M as of Apr 2017.
Slonkit operates through Sienna Systems Resources Private Limited.
The legal entities of Slonkit currently have 3 directors, including Farokh Kekhushroo Banatwalla, Kunal Gopinath Nagarkatti, Javed Faizullah Tapia.