About Way2Loans
Way2Loans is a Financial Services company based in Hyderabad (India) founded in 2007 by Raju Vanapala. It serves as an aggregator for personal bank loans, simplifying access for users. It operates on a B2C model. The company has 32 employees. Its chief executive, as recorded, is Raju Vanapala. Its Indian entity X2 Private Limited reported revenue of ₹10.35 Cr. Its focus areas include Fintech, Loan Aggregation and Personal Banking. Its competitors include BankBazaar, LetsMD and Farm Infinity; 3 of its 3 listed competitors have raised funding.
Company details
Way2Loans operates with a B2C model, focusing on offering financial products and advice, fintech, loan aggregation, and personal banking. Serves as an aggregator for personal bank loans, simplifying access for users. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Hyderabad, India
- Employees 32
- Founders Raju Vanapala
- SectorsFinancial Services
- Website way2loans.com
- Social X Facebook
- Legal Name X2 Private Limited
- Date of Incorporation 02 May, 2005
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹10.35 Cr
FY 2023 · -66% YoY
- Net Loss-₹2.27 Cr
FY 2023 · -22% margin
- EBITDA-₹87.5 Lakh
FY 2023 · -8% margin
- Employee Count32
Associated legal entities of Way2Loans
Way2Loans operates through X2 Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| X2 Private Limited CIN U72200TG2005PTC046071 | Active | 02 May 2005 | Hyderabad, Telangana | ₹10.4 Cr | 32 | 2 | View details |
Board of directors of X2 Private Limited (Way2Loans)
X2 Private Limited is the primary company behind Way2Loans. The board of X2 Private Limited currently have 2 directors; the longest-serving is Vanapala Sasendra Kumar, appointed in 2013. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vanapala Sasendra Kumar DIN 02126377 | Director | 17 Jan 2013 | 13 yrs 9 mo | X2 Private Limited |
| Suresh Kumar Uppalapati DIN 06371047 | Director | 24 Feb 2022 | 4 yrs 8 mo | X2 Private Limited |
People of Way2Loans
1 people are tracked at Way2Loans (1 in leadership); the tracked headcount is 32.
| Name | Role | Group |
|---|---|---|
Raju Vanapala | Founder, CEO | Leadership |
Complete people profiles for Way2Loans
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Financials of Way2Loans
Figures of X2 Private Limited, the primary company behind Way2Loans, for FY 2023. Revenue was ₹10.35 Cr (-66% year on year). Net loss was -₹2.27 Cr (-22% margin). EBITDA was -₹87.5 Lakh (-8% margin). Revenue has grown at a compounded annual rate of -45% over three years and -30% over five years.
- ₹10.35 CrRevenue · FY 2023 · -66% YoY
- -₹2.27 CrNet loss · -22% margin
- -₹87.5 LakhEBITDA · -8% margin
- ₹32.1 LakhPaid-up capital
- 32Employees (provident fund records)
- -45%Revenue CAGR, 3 years
- -30%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of X2 Private Limited are on its company page.
Detailed financial statements for Way2Loans
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Competitors of Way2Loans
Way2Loans has 3 listed competitors in our database, 3 of them funded. They include BankBazaar, LetsMD and Farm Infinity.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bankbazaar.com | 2008 | Chennai, India | $132.09M | 795 | Financial products, loans, and credit scores are aggregated and compared. | |
| letsmd.com | 2015 | Delhi, India | $921,180 | 46 | Platform offering medical financing solutions | |
| farminfinity.com | 2020 | Guwahati, India | $20,420 | Crop insurance comparisons are offered online to small farmers. |
Detailed competitors of Way2Loans
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Related news about Way2loans
Complete news archive for Way2Loans
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Frequently Asked Questions about Way2Loans
Way2Loans was founded in 2007.
Way2Loans is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Raju Vanapala is the CEO of Way2Loans, as recorded in our data. They have also founded this company.
Way2Loans has 32 employees.
The primary company behind Way2Loans, X2 Private Limited, reported revenue of ₹10.35 Cr for FY 2023, down 66% year on year.
Way2Loans operates with a B2C model, focusing on offering financial products and advice, fintech, loan aggregation, and personal banking. Serves as an aggregator for personal bank loans, simplifying access for users. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Way2Loans's top competitors include BankBazaar, LetsMD and Farm Infinity.
Way2Loans operates through X2 Private Limited.
The legal entities of Way2Loans currently have 2 directors, including Suresh Kumar Uppalapati, Vanapala Sasendra Kumar.