Finagg Overview
- Year Founded
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2019
- Status
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Private
- Employees
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150
- Latest Deal Type
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Series A
- Latest Deal Amount
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$11M
- Investors
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5
Finagg General Information
Description
Developer of an AI-based platform designed to offer supply chain financing. The company's platform offers a digital credit card that allows suppliers, distributors, and retailers to apply for financing and it uses AI-enabled analytics for insights on sales and operations which determines the funds, and provides loans without collateral, enabling small and medium-sized enterprises to apply for loans by adding the required business information along with the documents and grow their businesses efficiently.
Contact Information
Website
www.finagg.inCorporate Office
- Smartworks, World Trade Center Plot Number 1
- Noida Sector-16
- Noida, Uttar Pradesh 201301
- India
Corporate Office
- Smartworks, World Trade Center Plot Number 1
- Noida Sector-16
- Noida, Uttar Pradesh 201301
- India
Finagg Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 3. Early Stage VC (Series A) | 18-Jan-2024 | $11M | Completed | Generating Revenue | ||
| 2. Seed Round | 06-Sep-2022 | Completed | Generating Revenue | |||
| 1. Seed Round | 02-Dec-2020 | $1.25M | $1.25M | Completed | Generating Revenue |
Finagg Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Ordinary | ||||||||
| Series A | ||||||||
| Ordinary | ||||||||
| Preference | ||||||||
| Ordinary | 1 | $0.120209 | $291.51 | $291.51 | 1x | $291.51 | 0% | |
| Preference | 3,842 | $1.202087 | $291.51 | $291.51 | 1x | $291.51 | 17.8% |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Finagg Comparisons
Industry
Financing
Details
Finagg Competitors (3)
One of Finagg’s 3 competitors is Lendingkart Technologies, a Venture Capital-Backed company based in Ahmedabad, India.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Lendingkart Technologies | Venture Capital-Backed | Ahmedabad, India | ||||
| Progcap | Venture Capital-Backed | New Delhi, India | ||||
| Kinara Capital | Venture Capital-Backed | Bengaluru, India |
Finagg Signals
Finagg Investors (5)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| BlueOrchard Finance | Impact Investing | Minority | ||
| Small Industries Development Bank of India | Limited Partner | Minority | ||
| Tata Capital | PE/Buyout | Minority | ||
| Blinc Invest | Venture Capital | Minority | ||
| Prime Venture Partners | Venture Capital | Minority |
Finagg FAQs
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When was Finagg founded?
Finagg was founded in 2019.
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Where is Finagg headquartered?
Finagg is headquartered in Noida, India.
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What is the size of Finagg?
Finagg has 150 total employees.
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What industry is Finagg in?
Finagg’s primary industry is Specialized Finance.
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Is Finagg a private or public company?
Finagg is a Private company.
-
What is the current valuation of Finagg?
The current valuation of Finagg is .
-
What is Finagg’s current revenue?
The current revenue for Finagg is .
-
How much funding has Finagg raised over time?
Finagg has raised $14.5M.
-
Who are Finagg’s investors?
BlueOrchard Finance, Small Industries Development Bank of India, Tata Capital, Blinc Invest, and Prime Venture Partners have invested in Finagg.
-
Who are Finagg’s competitors?
Lendingkart Technologies, Progcap, and Kinara Capital are competitors of Finagg.
Data Transparency
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