A FinTech startup providing young working professionals access to credit to buy gadgets and electronics.
Description
Finomena was an online financial platform providing college students and young working professionals access to credit to buy gadgets and electronics.
Legal Name
-
Former Legal Name(s)
-
Company Reputation
-
Entity Type
Private limited company
Ownership Status
-
Operational Status
Inactive
Founded Date
2015
Operational Duration
2 years
Shutdown Date
2017
Last Financing Round
Seed Round
Total Raised
-
Last Financing Date
8 Mar 2016
No. of Funding Round(s)
1
No. of Investor(s)
3
No. of Employees
10 - 50
Total Revenue
-
Post-money Valuation
-
Market Capitalization
-
Stage of Development
Validation
Transactional Model Type
B2C
Defensibility Moats
User networks,
City
New Delhi
State/Province
Delhi
Country
India
Industry
Financial Services
Categories
Finance, Professional Services, FinTech,
Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%
No. | Image | Name | Similarity score | Description | Industry | Categories | Location | Ownership status | Entity type | Stage of development | Transactional model type | Defensibility moats | Last financing round | Total raised | Post-money valuation | Last financing date | No. of funding round(s) | No. of investors | Investors | Total revenue | Market capitalization | No. of investments | No. of acquisitions | No. of board seats taken | Competition | Management | No. of employees | Company reputation | Contact info | Operational status | Operational duration | Shutdown date | Founded date | Legal name | Former legal name(s) | Ticker |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. | LoanMeet | 14.5% | A Peer To Peer P2P lending marketplace. | Financial Services | P2P, Personal Finance, Finance | India | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2015 | - | - | - | |
2. | HSBC Brunei | 13.1% | A subsidiary of the global banking corporation HSBC Group. | Financial Services | Banking, Finance, Commercial, Credit Card Related | Brunei Darussalam | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 250-500 | - | - | Inactive | - | - | 1947 | - | - | - | |
3. | Wesabe | 12.8% | Personal finance management website designed to help users manage their daily finance. | Financial Services | Finance, Personal Finance, FinTech | United States | - | - | - | - | - | Early Stage | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2005 | - | - | - | |
4. | Wonga | 11.8% | An online payday lender that offered short-term personal cash loans to UK consumers. | Financial Services | Finance, Financial Services, FinTech, Risk Management | United Kingdom | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 501-1000 | - | - | Inactive | - | - | 2006 | - | - | - | |
5. | Fo-Sho | 10.1% | Peer-to-peer insurtech. | Financial Services | FinTech, Technology, Startup, P2P | South Africa | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2015 | - | - | - | |
6. | Comunitae | 10.0% | The pioneer platform to offer individuals a new way to save more profitably than traditional financial products. | Financial Services | P2P, FinTech, Finance | Spain | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2008 | - | - | - | |
7. | Puddle | 6.8% | An online lender that provided micro-credit in a peer-to-peer platform. | Financial Services | Social Media, Finance, Internet | United States | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2012 | - | - | - | |
8. | 37Coins | 6.4% | A startup that provided SMS bitcoin wallet service for unbanked and unteched in developing economies without internet access. | Financial Services | Banking, Bitcoin, Finance | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2014 | - | - | - | |
9. | Aditya Birla Payments Bank Limited (ABPB) | 5.7% | A payments bank. | Financial Services | Banking, Finance, Payments | India | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 250-500 | - | - | Inactive | - | - | 2016 | - | - | - | |
10. | Smartly | 4.7% | A robo-advisor that provided a digital wealth management platform to retail investors. | Financial Services | Automation, Investment Advisory, Finance, FinTech | Singapore | - | - | - | - | - | M&A | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2015 | - | - | - | |
11. | Loot | 4.5% | A banking and money management app for students. | Financial Services | FinTech, Payments, Finance, Personal Finance, Applications | United Kingdom | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2014 | - | - | - |
No. | Image | Name | Investor type | Description | Location | Preferred investment stage(s) | Stages invested in | Assets under management (AUM) | Investment range | Investment sweet spot | Preferred investment focus | Preferred investment geography | No. of investments | No. of lead investments | No. of follow-on investments | No. of co-investments | Portfolio companies | No. of exits | Total exit value | No. of failed investments | Loss on investments | No. of acquisitions | No. of board seats taken | No. of funds | Limited partners | Co-investors | No. of partners | Partners | No. of employees | Management | Board members | Founders | Investor reputation | Contact info | Entity type | Legal name | Former legal name(s) | Founded date | Ticker |
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1. | Kaushal Aggarwal | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
2. | Matrix Partners India | - | Matrix Partners India was established in 2006. Led by General Partners Avnish Bajaj and Rishi Navani. | Mumbai, Maharashtra, India | - | - | - | $ 1M - $ 50M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
3. | Harshvardhan Chamria | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
No. | Image | Name | Previous designation | Previous company | Previous biography | Previous profile type | Previous location | Experience | Education | Reputation | Current company | Current designation | Current biography | Current profile type | Current location | No. of investments | No. of exits | Total exit value | No. of board seats taken | Contact info |
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1. | Abhishek Garg | CEO | - | - | - | - | - | - | - | Roadiets | - | - | - | - | - | - | - | - | - | |
2. | Riddhi Mittal | Co Founder | - | - | - | - | - | - | - | Finomena | - | Riddhi Mittal is one of the co-founders of Finomena, a fintech start-up based in Bangalore. Finomena, the company she co-leads, is working towards bringing Financial Inclusion to a country of 1.25 Billion people through focusing on the holy-grail of “small tenure, small ticket size” lending, which can only be done in a tech-first way to be effective. Riddhi first went for a Stanford University undergrad and Masters in Computer Science, and then worked at places like Facebook (built GraphSearch from scratch), Mohr Davidow Ventures ($700 VC fund), and was also the youngest PM on Microsoft HoloLens, where she led a team of eight people. | - | - | - | - | - | - | - |
No. | Financing date | Financing round | Total amount raised | Post-money valuation | Financial viability | Fundraising target amount | Remaining target amount | Financing type | No. of investors | Board seats | Lead investors | Entity type | Financing status |
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1. | 8 Mar 2016 | Seed Round | - | - | - | - | - | - | 3 | - | - | - | - |