About XFlow
XFlow is a company based in Bengaluru (India) founded in 2021 by Ashwin Bhatnagar, Anand Balaji, and Abhijit Chandrasekaran.. XFlow has raised $16.2 million across 2 funding rounds from investors including Stripe, Lightspeed India and General Catalyst. The company has 34 employees as of April 02, 2024. XFlow operates in a competitive market with competitors including Skydo, PingPong, InstaReM, PayGlocal and Equiniti, among others.
- Headquarter Bengaluru, India
- Employees 34 as on 02 Apr, 2024
- Founders Ashwin Bhatnagar, Anand Balaji, Abhijit Chandrasekaran
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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 Xflow Payments India Private Limited
- Date of Incorporation 02 Jul, 2021
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$2.37 M (USD)277.45as on Mar 31, 2023
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Net Profit
$265.79 K (USD)278.33as on Mar 31, 2023
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EBITDA
$495.44 K (USD)356.37as on Mar 31, 2023
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Total Equity Funding
$16.2 M (USD)
in 2 rounds
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Latest Funding Round
$10.2 M (USD), Seed
May 25, 2023
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Investors
Stripe
& 5 more
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Employee Count
34
as on Apr 02, 2024
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Funding Insights of XFlow
XFlow has successfully raised a total of $16.2M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $10.2 million completed in May 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 2
- Last Round Seed — $10.2M
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First Round
First Round
(25 Oct 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Seed - XFlow | Valuation | Square Peg Ventures | |
| Oct, 2021 | Amount | Seed - XFlow | Valuation | Stripe , General Catalyst |
| 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 XFlow
XFlow has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Stripe, Lightspeed India and General Catalyst. 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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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Venture capital investing in innovative startups across technology sectors.
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Founded Year | Domain | Location | |
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Venture capital fund investing in seed & early-stage startups
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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 XFlow
| 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 - XFlow
| 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 |
Xflow Comparisons
Competitors of XFlow
XFlow 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 Skydo, PingPong, InstaReM, PayGlocal and Equiniti, 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 |
International payments are enabled for businesses through a digital platform.
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| domain | founded_year | HQ Location |
Cross-border business payments are managed via an online platform.
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| domain | founded_year | HQ Location |
Cross-border money transfers are facilitated for individuals and businesses.
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| domain | founded_year | HQ Location |
Multi-currency accounts and payment solutions are offered for global businesses.
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| domain | founded_year | HQ Location |
Financial technology and payment processing solutions are provided by Equiniti.
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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 Xflow
Frequently Asked Questions about XFlow
When was XFlow founded?
XFlow was founded in 2021.
Where is XFlow located?
XFlow is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of XFlow?
Anand Balaji is the current CEO of XFlow. They have also founded this company.
Is XFlow a funded company?
XFlow is a funded company, having raised a total of $16.2M across 2 funding rounds to date. The company's 1st funding round was a Seed of $6M, raised on Oct 25, 2021.
How many employees does XFlow have?
As of Apr 02, 2024, the latest employee count at XFlow is 34.
What is the annual revenue of XFlow?
Annual revenue of XFlow is $2.37M as on Mar 31, 2023.
What does XFlow do?
XFlow was founded in 2021 in Bengaluru, India, within the fintech sector focused on international payments. A platform is operated to enable secure transactions for exporters, startups, freelancers, and aggregators. Services encompass receiving accounts, payment links, invoicing, and API integrations for embedding payment functions. Transactions are handled via major banking partners, with transparent pricing and quick fund settlements ensured.
Who are the top competitors of XFlow?
Who are XFlow's investors?
XFlow has 6 investors. Key investors include Stripe, Lightspeed India, General Catalyst, Moore Strategic Ventures, and Square Peg Ventures.
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