About Xuriti
Xuriti is a Financial Services company based in Bengaluru (India) founded in 2021 by Vikas Shah, Venkatesh Chari, and Anand Ganesan. Xuriti has raised $543.95 thousand across 1 funding round from investors including PointOne Capital, Fortune Financial and Equities Services and Vimuras Family Private Trust. Xuriti was last valued at $3.61 million in November 2022. Its chief executive, as recorded, is Vikas Shah. Its Indian entity Flipbill Technologies Private Limited reported revenue of ₹80.2 Lakh. Xuriti offers products and services including Early Payments Platform, Receivables Financing Platform, Just-in-time Financing Platform, Invoice Financing, and Purchase Order Financing. Its focus areas include FinTech, Alternative Lending, Enablers and Lending-as-a-service. Its competitors include Perfios, Hyperface and Ascend Capital; 3 of its 3 listed competitors have raised funding.
Company details
Developer of lending as a service solution. It provides users with a platform that offers an API and AI-enabled underwriting engine that enables credit and facilitates flexible repayment options for buyers. It allows businesses increase average order value and encourage business expansion.
- Headquarters Bengaluru, India
- Founders Vikas Shah, Venkatesh Chari, Anand Ganesan
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website xuriti.com
- Social LinkedIn X
- Legal Name Flipbill Technologies Private Limited
- Date of Incorporation 25 Mar, 2021
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹80.2 Lakh
FY 2024 · +444% YoY
- Net Loss-₹1.72 Cr
FY 2024 · -214% margin
- EBITDA-₹1.70 Cr
FY 2024 · -212% margin
- Total Equity Funding$543.95K (USD)
in 1 rounds
- Latest Funding Round$543.95K (USD), Seed
Nov 2022
- InvestorsPointOne Capital
& 33 more
Associated legal entities of Xuriti
Xuriti is associated with 2 registered companies on The Company Check; the primary company is Flipbill Technologies Private Limited. 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 |
|---|---|---|---|---|---|---|---|
| Flipbill Technologies Private Limited CIN U72900KA2021PTC145877 | Active | 25 Mar 2021 | Bangalore, Karnataka | ₹0.8 Cr | 15 | 2 | View details |
| Spacempact Consulting Private Limited CIN U72900MH2020PTC348187 | Active | 19 Oct 2020 | Thane, Maharashtra | ₹0.6 Cr | 19 | 2 | View details |
Products & Services of Xuriti
Xuriti offers a comprehensive portfolio of products and services, including Early Payments Platform, Receivables Financing Platform, Just-in-time Financing Platform, Invoice Financing, and Purchase Order Financing.
Platform for customized early payment programs for vendors.
Enables enterprises to monetize receivables and extend credit.
Provides pre-invoice funding based on milestones for vendors.
Allows businesses to access collateral-free funding on unpaid invoices.
Offers collateral-free finance for purchase orders from anchors.
Helps enterprises manage cash flow across vendors and distributors.
Apps and channels of Xuriti
Xuriti publishes 1 mobile app with over 10 downloads.
Funding Insights of Xuriti
Xuriti has successfully raised a total of $543.95K through 1 strategic funding round. The most recent funding activity was a Seed round of $543.95 thousand completed in November 2022. 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 $543,949
- Total Rounds 1
- Last Round Seed — $543,949
- First Round $543,949
(Nov 2022)
- Investors Count 34
All 1 funding rounds of Xuriti with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | $543,949 | Seed | $3.61M | PointOne Capital |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2022 | $3.61M | •••••••• |
Last known valuation $3.61M (Nov 2022). 34 investors in total: 6 institutional and 28 angel.
Investors in Xuriti
Xuriti has secured backing from 34 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include PointOne Capital, Fortune Financial and Equities Services and Vimuras Family Private Trust.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in pre-seed tech startups with support services. | 2020 | pointone.capital | Bengaluru, India | |
Serves as a community-based investment platform for the startup ecosystem. | 2021 | cogniphy.us | Frisco, United States | |
M&A and corporate advisory firm focused on multiple sectors | fortunefinancial.co.in | Mumbai, India | ||
Functions as an asset management firm providing investment solutions to clients. | 2013 | hypotenusecap.com | Hanover, United States | |
Provider of asset & investment management and financial services | stallionasset.com | Mumbai, India | ||
SG Sachin Gupta | unknown_95d73785649241359 | |||
RM Rahul Mahipal | Angel investor and entrepreneur, co-founder of SigTuple, focused on healthtech innovation | unknown_52318f273dc24bc68 | ||
HS Harpreet Singh Wadhwan | unknown_818d44d83bb340e2a | |||
NC Nitin Chittanada Rao | unknown_4babf2b48cdc4c289 | |||
AK Akhilesh Kumar Singh | unknown_b51ef70d776c48e68 |
Investor details for Xuriti
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Flipbill Technologies Private Limited (Xuriti)
Flipbill Technologies Private Limited is the primary company behind Xuriti. The boards of the 2 registered companies of Xuriti currently have 4 directors; the longest-serving is Niyati Vikas Shah, appointed in 2020. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Niyati Vikas Shah DIN 08925116 | Director | 19 Oct 2020 | 6 yrs | Spacempact Consulting Private Limited |
| Venkatesan Krishnachari DIN 01185062 | Director | 25 Mar 2021 | 5 yrs 7 mo | Flipbill Technologies Private Limited |
| Sridhar Jagadeesan DIN 01191452 | Additional Director | 04 May 2024 | 2 yrs 6 mo | Flipbill Technologies Private Limited |
| Vikas Rameshlal Shah DIN 10338327 | Director | 09 Aug 2024 | 2 yrs 3 mo | Spacempact Consulting Private Limited |
People of Xuriti
4 people are tracked at Xuriti (3 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Venkatesh Chari | Co-Founder | Leadership |
Anand Ganesan | Co-Founder & CBO | Leadership |
Karthik A | Full-stack Developer | Team |
Complete people profiles for Xuriti
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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Verified entity values are shown only after access is granted.
Financials of Xuriti
Figures of Flipbill Technologies Private Limited, the primary company behind Xuriti, for FY 2024. Revenue was ₹80.2 Lakh (+444% year on year). Net loss was -₹1.72 Cr (-214% margin). EBITDA was -₹1.70 Cr (-212% margin).
- ₹80.2 LakhRevenue · FY 2024 · +444% YoY
- -₹1.72 CrNet loss · -214% margin
- -₹1.70 CrEBITDA · -212% margin
- ₹2 LakhPaid-up capital
- 15Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Flipbill Technologies Private Limited are on its company page.
Detailed financial statements for Xuriti
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Xuriti
3 dated milestones of Xuriti across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Xuriti is founded.
- Funding First funding round of $544K.
- Milestone Reaches Minicorn status.
Competitors of Xuriti
Xuriti has 3 listed competitors in our database, 3 of them funded. They include Perfios, Hyperface and Ascend Capital.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| perfios.com | 2008 | Bengaluru, India | $258.77M | Provides financial technology solutions for data analysis and verification globally. | ||
| hyperface.co | 2021 | Bengaluru, India | $10.3M | 91 | Provider of platform for launching and managing credit card programs | |
| ascendcap.in | 2018 | Jaipur, India | $6.02M | 263 | Provider of financing solutions for electric vehicles |
Detailed competitors of Xuriti
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
3 companies that operate in the same segment as Xuriti (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 Xuriti
Complete news archive for Xuriti
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Frequently Asked Questions about Xuriti
Xuriti was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Xuriti is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Vikas Shah is the CEO of Xuriti, as recorded in our data. They have also founded this company.
Xuriti is a funded company, having raised a total of $543.95K across 1 funding round to date. The company's 1st funding round was a Seed of $543.95K, raised on Nov 2022.
The primary company behind Xuriti, Flipbill Technologies Private Limited, reported revenue of ₹80.2 Lakh for FY 2024, up 444% year on year.
Developer of lending as a service solution. It provides users with a platform that offers an API and AI-enabled underwriting engine that enables credit and facilitates flexible repayment options for buyers. It allows businesses increase average order value and encourage business expansion.
Xuriti's top competitors include Perfios, Ascend Capital and Hyperface.
Xuriti offers Early Payments Platform, Receivables Financing Platform, Just-in-time Financing Platform, Invoice Financing, and 2 more products and services.
Xuriti has 34 investors. Key investors include PointOne Capital, Fortune Financial and Equities Services, Vimuras Family Private Trust, Cogniphy, and Hypotenuse Capital.
The valuation of Xuriti is $3.61M as of Nov 2022.
Xuriti is associated with 2 legal entities: Flipbill Technologies Private Limited, Spacempact Consulting Private Limited.
The legal entities of Xuriti currently have 4 directors, including Venkatesan Krishnachari, Sridhar Jagadeesan, Vikas Rameshlal Shah and others.