About Truly Financial
Truly Financial is a company based in Wilmington (United States) founded in 2016 by Sandeep Todi and Kanchan Kumar. Truly Financial has raised $1 million across 1 funding round from investors including Vishal Gondal, unknown and Smart Start Fund. Truly Financial operates in a competitive market with competitors including Brex, BlueVine, Remitly, Tide and Mercury, among others.
- Headquarter Wilmington, United States
- Founders Sandeep Todi, Kanchan Kumar
-
Sectors
Financial Services
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Remitware Payments Private Limited
- Date of Incorporation 19 Dec, 2014
- Jurisdiction Thane, Maharashtra, India
-
Annual Revenue
$5.98 K (USD)1959.55as on Mar 31, 2021
-
Net Profit
$2.23 K (USD)219.24as on Mar 31, 2021
-
EBITDA
-$3.52 K (USD)-84.22as on Mar 31, 2021
-
Total Equity Funding
$1 M (USD)
in 1 rounds
-
Latest Funding Round
$1 M (USD), Seed
Oct 09, 2016
-
Investors
Smart Start Fund
& 5 more
-
Employee Count
Not available
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
People of Truly Financial
Unlock access to complete
Unlock access to complete
Leadership Team
2 people
Software Development Team
2 people
Chairman Team
1 people
Product Management Team
1 people
Unlock access to complete
Funding Insights of Truly Financial
Truly Financial has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in October 2016. 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 Truly Financial
Truly Financial has secured backing from 6 investors, including angel and venture fund investors. Prominent investors backing the company include Vishal Gondal, unknown and Smart Start Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
-
|
Locked | Locked | Locked | |
|
-
|
Locked | Locked | Locked | |
|
-
|
Locked | Locked | Locked |
Investor details for Truly Financial
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Truly Financial
Investment portfolio details for Truly Financial
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Truly Financial
Detailed financials for Truly Financial
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Truly Financial Comparisons
Peer comparison for Truly Financial
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Truly Financial
Truly Financial 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 Brex, BlueVine, Remitly, Tide and Mercury, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
SaaS-driven credit card and spend management solutions platform for businesses
|
|
| Locked | Locked | Locked |
Digital bank for businesses
|
|
| Locked | Locked | Locked |
Cross-border money transfers are facilitated via banking networks.
|
|
| Locked | Locked | Locked |
Tide is recognized as a digital banking platform for businesses.
|
|
| Locked | Locked | Locked |
Online business banking and financial workflow tools are provided.
|
|
| Locked | Locked | Locked |
Electronic payments and transaction processing solutions are offered globally.
|
Detailed competitors of Truly Financial
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Truly Financial
Complete news archive for Truly Financial
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Truly Financial
Truly Financial was founded in 2016.
Truly Financial is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Kanchan Kumar is the current CEO of Truly Financial. They have also founded this company.
Truly Financial is a funded company, having raised a total of $1M across 1 funding round to date.
Annual revenue of Truly Financial is $5.98K as on Mar 31, 2021.
Founded in 2016 and headquartered in Wilmington, United States, Truly Financial functions as a digital bank in the fintech sector. Small and medium-sized businesses are served through local and international accounts that support supplier payments, customer receipts, and global employee compensation. Checking accounts enable money transfers domestically and abroad. Expense cards are issued for distributed teams, while expenditure management tools are tailored to operational needs.
Truly Financial has 6 investors. Key investors include Vishal Gondal, unknown, Smart Start Fund, Singapore Angel Network, and Yezdi Lashkari.