SMECorner Overview
- Year Founded
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2013

- Status
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Acquired/Merged
- Employees
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300

- Latest Deal Type
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M&A
SMECorner General Information
Description
Developer of a digital lending software designed to provide services to small and medium enterprises. The company's platform uses a combination of machine learning, data science, and artificial intelligence to help to fund small businesses, with unsecured business loans, enabling small business owners to avail business loans, within a few clicks, in a completely secured digital environment with minimal paperwork involved.
Contact Information
Website
www.smecorner.comCorporate Office
- Unit Number 1B, 4th Floor, A-Wing, Times Square Building
- Andheri Kurla Road, Andheri East
- Mumbai, Maharastra 400059
- India
Corporate Office
- Unit Number 1B, 4th Floor, A-Wing, Times Square Building
- Andheri Kurla Road, Andheri East
- Mumbai, Maharastra 400059
- India
SMECorner Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
7. Merger/Acquisition | 05-Jan-2023 | Completed | Generating Revenue | |||
6. Later Stage VC (Series B) | 02-Mar-2020 | Completed | Generating Revenue | |||
5. Early Stage VC (Series A) | 06-Mar-2019 | Completed | Generating Revenue | |||
4. Early Stage VC | 03-Jul-2018 | Completed | Generating Revenue | |||
3. Early Stage VC | 27-Dec-2017 | Completed | Startup | |||
2. Early Stage VC | 30-Jul-2016 | $610K | $954K | Completed | Startup | |
1. Early Stage VC | 10-Sep-2015 | $344K | $344K | Completed | Startup |
SMECorner Cap Table
Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
---|---|---|---|---|---|---|---|---|
Preference | ||||||||
Ordinary | ||||||||
Ordinary | ||||||||
Preference | ||||||||
Ordinary | ||||||||
Preference | ||||||||
Ordinary | ||||||||
CCPS | 136,288 | $0.139477 | $2.25 | $2.25 | 1x | $2.25 | 2.55% | |
Preference | 477,825 | $0.139477 | $2.25 | $2.25 | 1x | $2.25 | 8.95% |
SMECorner Comparisons
Industry
Financing
Details
SMECorner Competitors (42)
One of SMECorner’s 42 competitors is Kissht, a Venture Capital-Backed company based in Mumbai, India.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
Kissht | Venture Capital-Backed | Mumbai, India | ||||
ePayLater | Venture Capital-Backed | Mumbai, India | ||||
Axio (Financial Services) | Venture Capital-Backed | Bengaluru, India | ||||
infund | Venture Capital-Backed | Singapore, Singapore | ||||
Indifi | Venture Capital-Backed | Gurugram, India |
SMECorner Signals
SMECorner Former Investors (7)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
Accion | Venture Capital | Minority | ||
Angel (individual) | Minority | |||
Capital First | Asset Manager | Minority | ||
Government of the Netherlands | Government | Minority | ||
Paragon Partners | PE/Buyout | Minority |
SMECorner FAQs
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When was SMECorner founded?
SMECorner was founded in 2013.
-
Where is SMECorner headquartered?
SMECorner is headquartered in Mumbai, India.
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What is the size of SMECorner?
SMECorner has 300 total employees.
-
What industry is SMECorner in?
SMECorner’s primary industry is Financial Software.
-
Is SMECorner a private or public company?
SMECorner is a Private company.
-
What is SMECorner’s current revenue?
The current revenue for SMECorner is
. -
How much funding has SMECorner raised over time?
SMECorner has raised $49.6M.
-
Who are SMECorner’s investors?
Accion, , Capital First, Government of the Netherlands, and Paragon Partners are 5 of 7 investors who have invested in SMECorner.
-
Who are SMECorner’s competitors?
Kissht, ePayLater, Axio (Financial Services), infund, and Indifi are some of the 42 competitors of SMECorner.
-
When was SMECorner acquired?
SMECorner was acquired on 05-Jan-2023.
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Who acquired SMECorner?
SMECorner was acquired by Ambit Finvest.
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