Jify Overview
- Year Founded
-
2021
- Status
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Acquired/Merged
- Employees
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85
- Latest Deal Type
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M&A
Jify General Information
Description
Developer of a financial wellness platform designed to help employees access earned wages, manage expenses, and save earnings. The company's platform offers zero-cost on-demand salary, a salary and benefits card, micro-savings tools, and money management features, enabling corporates to help employees build strong foundations for financial stability.
Contact Information
Website
www.jify.co(Operating Subsidiary)
Corporate Office
- Office No. 19,1st Floor, Vikas Centre
- S.V. Road, Santacruz West, Santacruz (West)
- Mumbai, Maharashtra 400054
- India
Corporate Office
- Office No. 19,1st Floor, Vikas Centre
- S.V. Road, Santacruz West, Santacruz (West)
- Mumbai, Maharashtra 400054
- India
Jify Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Merger/Acquisition | 12-Sep-2024 | Completed | Generating Revenue | |||
| 4. Early Stage VC (Series A) | 03-Aug-2022 | Completed | Generating Revenue | |||
| 3. Seed Round | 01-Feb-2022 | Completed | Generating Revenue | |||
| 2. Accelerator/Incubator | 08-Dec-2021 | $100K | $100K | Completed | Startup | |
| 1. Accelerator/Incubator | 01-Oct-2021 | Completed | Startup |
Jify Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Ordinary | ||||||||
| Class B | ||||||||
| Class A | ||||||||
| Ordinary | ||||||||
| Preference | 20,460 | $0.377081 | $410.22 | $410.22 | 1x | $410.22 | 33.85% | |
| Preference | 6,317 | $0.125694 | $134.37 | $134.37 | 1x | $134.37 | 10.45% |
Jify Comparisons
Industry
Financing
Details
Jify Competitors (25)
One of Jify’s 25 competitors is PayActiv, a Venture Capital-Backed company based in Milpitas, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| PayActiv | Venture Capital-Backed | Milpitas, CA | ||||
| Prepaid Technologies Company | Private Equity-Backed | Birmingham, AL | ||||
| Hastee | Private Equity-Backed | London, United Kingdom | ||||
| Cardlay | Venture Capital-Backed | Copenhagen, Denmark | ||||
| Toshl Finance | Formerly Accelerator/Incubator backed | Dover, DE |
Jify Signals
Jify Former Investors (11)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Accel | Venture Capital | Minority | ||
| Accel Atoms | Accelerator/Incubator | |||
| Arise Ventures. | Venture Capital | Minority | ||
| Culture Cap | Family Office | Minority | ||
| Jupiter (Canada ) | Corporation | Minority |
Jify FAQs
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When was Jify founded?
Jify was founded in 2021.
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Where is Jify headquartered?
Jify is headquartered in Mumbai, India.
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What is the size of Jify?
Jify has 85 total employees.
-
What industry is Jify in?
Jify’s primary industry is Financial Software.
-
Is Jify a private or public company?
Jify is a Private company.
-
What is Jify’s current revenue?
The current revenue for Jify is .
-
How much funding has Jify raised over time?
Jify has raised $11.1M.
-
Who are Jify’s investors?
Accel, Accel Atoms, Arise Ventures., Culture Cap, and Jupiter (Canada ) are 5 of 11 investors who have invested in Jify.
-
Who are Jify’s competitors?
PayActiv, Prepaid Technologies Company, Hastee, Cardlay, and Toshl Finance are some of the 25 competitors of Jify.
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When was Jify acquired?
Jify was acquired on 12-Sep-2024.
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Who acquired Jify?
Jify was acquired by MoneyView.
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