About Wizi
Wizi is a Financial Services company based in Chennai (India) founded in 2019, and was acquired by M2P Fintech in September 2021. App-based platform for credit card bill payments. The company has 29 employees. Its focus areas include FinTech, Payments, Consumer Payments and Vertical Payments. Its competitors include CRED, OneScore and CreditMantri; 3 of its 3 listed competitors have raised funding.
Company details
Wizi was founded in 2019 in Chennai, India, within the fintech sector. An app-based platform is operated for linking multiple credit cards and processing bill payments. Comparisons of credit cards are enabled based on factors like interest rates and credit limits. An AI-enabled tool is provided for credit card management and offers. The app is available on Android devices.
- Headquarters Chennai, India
- Employees 29
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website wizi.app
- Social LinkedIn X Facebook
- Acquired by M2P Fintech (Sep 2021)
- Annual Revenue$89.78 K (USD)67as on Mar 31, 2024
- Net Profit-$9.48 K (USD)-2553as on Mar 31, 2024
- EBITDA-$5.47 K (USD)-299as on Mar 31, 2024
- Investors
- Employee Count29
- Acquired byM2P Fintech
(Sep 2021)
Associated legal entities of Wizi
Wizi is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Acsz Tech Private Limited CIN U72900TN2019PTC130006 | Under Process Of Striking Off | 19 Jun 2019 | Chennai, Tamil Nadu | ₹1.8 Cr | 3 | View details | |
| Wizi Technology Services Private Limited CIN U72900TN2020PTC134131 | Active | 30 Jan 2020 | Agastheeswaram, Tamil Nadu | ₹0.7 Cr | 27 | 2 | View details |
Investors in Wizi
Wizi has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include M2P Fintech.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Banking, lending, and payment solutions are provided via custom APIs. | 2014 | m2pfintech.com | Chennai, India |
Investor details for Wizi
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Verified entity values are shown only after access is granted.
Board of directors of Wizi
The boards of the 2 registered companies of Wizi currently have 5 directors; the longest-serving is Murugan Sutharsan, appointed in 2020. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Murugan Sutharsan DIN 08679610 | Director | 30 Jan 2020 | 6 yrs 9 mo | Wizi Technology Services Private Limited |
| Subbian Santhi DIN 09645602 | Director | 06 Jun 2022 | 4 yrs 4 mo | Wizi Technology Services Private Limited |
| Rangarajan Madhusudanan DIN 06992744 | Director | 30 Nov 2023 | 2 yrs 11 mo | Acsz Tech Private Limited |
| Muthukumar Ayyakkannu DIN 07381905 | Director | 30 Nov 2023 | 2 yrs 11 mo | Acsz Tech Private Limited |
| Prabhu Rangarajan DIN 07381819 | Director | 30 Nov 2023 | 2 yrs 11 mo | Acsz Tech Private Limited |
Financials of Wizi
Figures of Acsz Tech Private Limited, the primary company behind Wizi, for FY 2024. Revenue was ₹1.76 Cr (+2037% year on year). Net loss was -₹60.2 Lakh (-34% margin). EBITDA was -₹2.6 Lakh (-1% margin). Revenue has grown at a compounded annual rate of +571% over three years.
- ₹1.76 CrRevenue · FY 2024 · +2037% YoY
- -₹60.2 LakhNet loss · -34% margin
- -₹2.6 LakhEBITDA · -1% margin
- ₹34 LakhPaid-up capital
- +571%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Acsz Tech Private Limited are on its company page.
Detailed financial statements for Wizi
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Wizi
2 dated milestones of Wizi across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Wizi is founded.
- Exit Acquired by M2P Fintech.
Competitors of Wizi
Wizi has 3 listed competitors in our database, 3 of them funded. They include CRED, OneScore and CreditMantri.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cred.club | 2018 | Bengaluru, India | $1.54B | 897 | CRED is operated as a members-only financial rewards club. | |
| onescore.app | 2019 | Pune, India | $14.5M | 974 | Free credit scores and personalized improvement insights are provided. | |
| creditmantri.com | 2012 | Chennai, India | $14.28M | 356 | Credit scores are accessed and analyzed via an app-based platform. |
Detailed competitors of Wizi
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Top companies in Alternative Lending
3 companies that operate in the same segment as Wizi (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about Wizi
Complete news archive for Wizi
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Frequently Asked Questions about Wizi
Wizi was founded in 2019.
Wizi is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Wizi has 29 employees.
Annual revenue of Wizi is $89.78K as on Mar 31, 2024.
Wizi was founded in 2019 in Chennai, India, within the fintech sector. An app-based platform is operated for linking multiple credit cards and processing bill payments. Comparisons of credit cards are enabled based on factors like interest rates and credit limits. An AI-enabled tool is provided for credit card management and offers. The app is available on Android devices.
Wizi's top competitors include CRED, OneScore and CreditMantri.
Wizi has 1 investor. Key investors include M2P Fintech.
Wizi is associated with 2 legal entities: Acsz Tech Private Limited, Wizi Technology Services Private Limited.
Yes. Wizi was acquired by M2P Fintech in September 2021.
The legal entities of Wizi currently have 5 directors, including Rangarajan Madhusudanan, Muthukumar Ayyakkannu, Prabhu Rangarajan and others.