About TapFin
TapFin is a Financial Services company based in Mumbai (India) founded in 2023 by Terniza Berry, Pramod Marar, and Aditya Singh. TapFin has raised $4 million across 1 funding round from investors including Elevar Equity. The company has 22 employees. TapFin was last valued at $13.29 million in March 2024. Its chief executive is Aditya Singh. Its Indian entity Tapsys Private Limited reported revenue of ₹3.00 Cr. TapFin offers products and services including Financing Solutions, Technology Solutions, EV Affordability Services, and Battery Recycling. Its focus areas include FinTech, Alternative Lending, Online Lenders and Green Financing. Its competitors include Turno, VidyutTech, Three Wheels United, Ohm Mobility and GoMylz Mobility; 4 of its 5 listed competitors have raised funding.
Company details
Provider of technology and financial solutions for clean energy transition. The company facilitates financing for commercial participants in the clean mobility, solar, and battery sectors. It offers insights based on data to increase profitability and enable portfolio monitoring. The company also supports battery recycling and reuse, and provides end-to-end support for solar projects.
- Headquarters Mumbai, India
- Employees 22
- Founders Terniza Berry, Pramod Marar, Aditya Singh
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website tapfin.in
- Social LinkedIn Facebook
- Legal Name Tapsys Private Limited
- Date of Incorporation 24 May, 2023
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹3.00 Cr
FY 2025 · +1514% YoY
- Net Loss-₹4.31 Cr
FY 2025 · -143% margin
- EBITDA-₹4.23 Cr
FY 2025 · -141% margin
- Total Equity Funding$4M (USD)
in 1 rounds
- Latest Funding Round$4M (USD), Seed
Mar 2024
- Investors
- Employee Count22
Associated legal entities of TapFin
TapFin operates through Tapsys 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 |
|---|---|---|---|---|---|---|---|
| Tapsys Private Limited CIN U62099MH2023PTC403399 | Active | 24 May 2023 | Mumbai, Maharashtra | ₹3.0 Cr | 24 | 4 | View details |
Products & Services of TapFin
TapFin offers a comprehensive portfolio of products and services, including Financing Solutions, Technology Solutions, EV Affordability Services, and Battery Recycling.
Offers loans and leasing for EVs and green energy projects.
Provides insights from IoT and GPS to optimize energy costs.
Assists in selecting and purchasing EVs at discounted prices.
Monitors and monetizes end-of-life batteries for higher value.
Funding Insights of TapFin
TapFin has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Seed round of $4 million completed in March 2024. 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 $4M
- Total Rounds 1
- Last Round Seed — $4M
- First Round $4M
(Mar 2024)
- Investors Count 1
All 1 funding rounds of TapFin 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 |
|---|---|---|---|---|---|
| Mar 2024 | $4M | Seed | $13.29M | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2024 | $13.29M | •••••••• |
Last known valuation $13.29M (Mar 2024). 1 investors in total: 1 institutional.
Investors in TapFin
TapFin has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Elevar Equity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investing in early growth for inclusive businesses in education, healthcare, and e-commerce. | 2006 | elevarequity.com | Bengaluru, India |
Investor details for TapFin
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Tapsys Private Limited (TapFin)
Tapsys Private Limited is the primary company behind TapFin. The board of Tapsys Private Limited currently have 3 directors; the longest-serving is Aditya Singh, appointed in 2023. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aditya Singh DIN 06437669 | Director | 24 May 2023 | 3 yrs 4 mo | Tapsys Private Limited |
| Terniza Berry Singh DIN 09324836 | Officer in default | 11 Mar 2024 | 2 yrs 7 mo | Tapsys Private Limited |
| Sandeep Marian Farias DIN 00036043 | Nominee Director | 01 Feb 2025 | 1 yr 8 mo | Tapsys Private Limited |
People of TapFin
5 people are tracked at TapFin (4 in leadership, 1 in team); the tracked headcount is 22.
| Name | Role | Group |
|---|---|---|
| Co-Founder and COO | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Gautam Shivaswamy | VP Propositions & Strategic Projects | Leadership |
Neha Joshi | Lead - Digital And Success | Team |
Complete people profiles for TapFin
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Financials of TapFin
Figures of Tapsys Private Limited, the primary company behind TapFin, for FY 2025. Revenue was ₹3.00 Cr (+1514% year on year). Net loss was -₹4.31 Cr (-143% margin). EBITDA was -₹4.23 Cr (-141% margin).
- ₹3.00 CrRevenue · FY 2025 · +1514% YoY
- -₹4.31 CrNet loss · -143% margin
- -₹4.23 CrEBITDA · -141% margin
- ₹90.6 LakhPaid-up capital
- 24Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Tapsys Private Limited are on its company page.
Detailed financial statements for TapFin
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of TapFin
3 dated milestones of TapFin across 1 years, from founding to its latest funding, stage changes and deals.
- Founded TapFin is founded.
- Funding First funding round of $4.0M.
- Milestone Reaches Minicorn status.
Competitors of TapFin
TapFin has 5 listed competitors in our database, 4 of them funded. They include Turno, VidyutTech, Three Wheels United, Ohm Mobility and GoMylz Mobility, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| turno.club | 2021 | Bengaluru, India | $23.6M | 294 | Commercial electric vehicles are offered through an online marketplace. | |
| vidyuttech.in | 2021 | Bengaluru, India | $17.59M | 109 | Electric vehicle financing and ownership platform is offered. | |
| threewheelsunited.com | 2010 | Bengaluru, India | $10.12M | 52 | Electric vehicle financing is offered to low-income clients. | |
| ohmmobility.com | 2020 | Bengaluru, India | $619,840 | – | A platform for financing electric vehicles is provided to users. | |
| gomylz.com | 2021 | Delhi, India | – | – | Serves as an online platform for financing electric vehicles, simplifying access for consumers. |
Detailed competitors of TapFin
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Top companies in Alternative Lending
10 companies that operate in the same segment as TapFin (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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Related news about Tapfin
Complete news archive for TapFin
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Frequently Asked Questions about TapFin
TapFin was founded in 2023 and raised its 1st funding round 1 year after it was founded.
TapFin is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Aditya Singh is the current CEO of TapFin. They have also founded this company.
TapFin is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Seed of $4M, raised on Mar 2024.
TapFin has 22 employees.
The primary company behind TapFin, Tapsys Private Limited, reported revenue of ₹3.00 Cr for FY 2025, up 1514% year on year.
Provider of technology and financial solutions for clean energy transition. The company facilitates financing for commercial participants in the clean mobility, solar, and battery sectors. It offers insights based on data to increase profitability and enable portfolio monitoring. The company also supports battery recycling and reuse, and provides end-to-end support for solar projects.
TapFin's top competitors include VidyutTech, Turno and Three Wheels United.
TapFin offers Financing Solutions, Technology Solutions, EV Affordability Services, and Battery Recycling.
TapFin has 1 investor. Key investors include Elevar Equity.
The valuation of TapFin is $13.29M as of Mar 2024.
TapFin operates through Tapsys Private Limited.