About Tyfone
Tyfone is a company based in Portland (United States) founded in 2004 by Tom Spitzer, Prabhakar Tadepalli, and Siva G Narendra.. Tyfone has raised $38.31 million across 8 funding rounds from investors including HDFC Mutual Fund, RPX Corporation and Polaris Consulting & Services. The company has 116 employees as of March 27, 2024. Tyfone offers products and services including nFinia Retail Digital Banking, nFinia Business Digital Banking, Harmoney Management Console, FedNow Instant Payment Xchange™, and Skip-A-Pay. Tyfone operates in a competitive market with competitors including Amount, MANTL, Asseco, Bankingly and Narmi, among others.
- Headquarter Portland, United States
- Employees 116 as on 27 Mar, 2024
- Founders Tom Spitzer, Prabhakar Tadepalli, Siva G Narendra
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Tyfone Communications Development (India) Private Limited
- Date of Incorporation 13 Jul, 2004
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$3.35 M (USD)30.47as on Mar 31, 2023
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Net Profit
$387.47 K (USD)52.87as on Mar 31, 2023
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EBITDA
$752.79 K (USD)27.94as on Mar 31, 2023
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Total Equity Funding
$38.31 M (USD)
in 8 rounds
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Latest Funding Round
$25 M (USD), Series D
Apr 05, 2023
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Investors
HDFC Mutual Fund
& 6 more
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Employee Count
116
as on Mar 27, 2024
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Products & Services of Tyfone
Tyfone offers a comprehensive portfolio of products and services, including nFinia Retail Digital Banking, nFinia Business Digital Banking, Harmoney Management Console, FedNow Instant Payment Xchange™, and Skip-A-Pay. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables consumer banking services with enhanced security and features.
Supports business clients with tools for financial management.
Streamlines administrative tasks for financial institutions.
Facilitates secure and instant money transfers.
Allows automated loan payment skips for account holders.
Simplifies online loan repayments from various sources.
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Funding Insights of Tyfone
Tyfone has successfully raised a total of $38.31M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $25 million completed in April 2023. 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 Total Funding
- Total Rounds 8
- Last Round Series D — $25.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series D - Tyfone | Valuation | Demopolis Equity Partners |
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| Nov, 2017 | Amount | Series C - Tyfone | Valuation |
investors |
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| May, 2015 | Amount | Series C - Tyfone | Valuation | RPX Corporation |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tyfone
Tyfone has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include HDFC Mutual Fund, RPX Corporation and Polaris Consulting & Services. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on tech companies
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Founded Year | Domain | Location | |
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Venture capital firm
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Founded Year | Domain | Location | |
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Early stage venture capital firm investing in India and US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tyfone
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tyfone
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tyfone Comparisons
Competitors of Tyfone
Tyfone 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 Amount, MANTL, Asseco, Bankingly and Narmi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Omnichannel banking solutions are provided for banks and lenders.
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| domain | founded_year | HQ Location |
MANTL is recognized for providing account origination software to banks and credit unions.
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| domain | founded_year | HQ Location |
Omnichannel banking solutions are provided for internet and mobile platforms.
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| domain | founded_year | HQ Location |
Cloud-based omnichannel banking solutions are provided to financial institutions.
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| domain | founded_year | HQ Location |
Omnichannel banking solutions are provided for banks and credit unions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tyfone
Frequently Asked Questions about Tyfone
When was Tyfone founded?
Tyfone was founded in 2004 and raised its 1st funding round 4 years after it was founded.
Where is Tyfone located?
Tyfone is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Who is the current CEO of Tyfone?
Siva G Narendra is the current CEO of Tyfone. They have also founded this company.
Is Tyfone a funded company?
Tyfone is a funded company, having raised a total of $38.31M across 8 funding rounds to date. The company's 1st funding round was a Series C of $7.36M, raised on Feb 03, 2008.
How many employees does Tyfone have?
As of Mar 27, 2024, the latest employee count at Tyfone is 116.
What is the annual revenue of Tyfone?
Annual revenue of Tyfone is $3.35M as on Mar 31, 2023.
What does Tyfone do?
Tyfone makes a mobile financial services platform, which allows banks to give customers a branded banking and payment system for mobile phones. Operating in any standard memory card slot, Tyfones u4ia platform and its companion SideTap memory card comprise the worlds first patented, neutral, and comprehensive memory card-based payments solution for mobile contactless payments. Tyfone and its partners enable a suite of services including Mobile Banking, Mobile Identity Management, Mobile Remote Payments, Mobile Retail Services and Mobile Contactless Payments.
What products or services does Tyfone offer?
Tyfone offers nFinia Retail Digital Banking, nFinia Business Digital Banking, Harmoney Management Console, FedNow Instant Payment Xchange™, and 2 more products and services.
Who are Tyfone's investors?
Tyfone has 7 investors. Key investors include HDFC Mutual Fund, RPX Corporation, Polaris Consulting & Services, Ojas Venture Partners, and Demopolis Equity Partners.
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