Cinch - About the company
Cinch is a series B company based in Singapore (Singapore), founded in 2022 by Mahir Hamid. It operates as a Provider of device-as-a-service subscriptions for consumers and businesses. Cinch has raised $28.8M in funding from Monk's Hill Ventures. The company has 4 active competitors, including 1 that is funded. Its top competitors include companies like MobiJuce, TouristPads and Nomo.
Company Details
Provider of device-as-a-service subscriptions for consumers and businesses. The platform offers access to the latest technology through monthly subscriptions, eliminating upfront costs and ownership burdens. The service includes procurement, maintenance, and recycling, creating a sustainable model that extends device lifecycles and minimizes e-waste.
- Website
- cinchtech.ai
Key Metrics
Founded Year
2022
Location
Singapore, Singapore
Stage
Series B
Total Funding
$28.8M in 2 rounds
Latest Funding Round
Investors
Ranked
1st among 4 active competitors
Annual Revenue
150K SGD as on Dec 31, 2023
Employee Count
79 as on Apr 30, 2026
Legal entities associated with Cinch
Cinch is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CINCH TECH HOLDING PTE. LTD. CIN: 202209390C , Singapore, Active | May 11, 2022 | $112K (As on Dec 31, 2023) | - |
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Cinch's funding and investors
Cinch has raised a total funding of $28.8M over 2 rounds. Its first funding round was on Apr 08, 2025. Its latest funding round was a Series B round on Apr 08, 2025 for $*****. 5 investors participated in its latest round. Cinch has 5 institutional investors.
Here is the list of recent funding rounds of Cinch:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 08, 2025 | 5470692 | Series B | 9258538 | 3786365 | 3664091 | 3706632 |
Apr 08, 2025 | 3339921 | Conventional Debt | 1762344 | 9304922 | 2903113 |
View details of Cinch's funding rounds and investors
Cinch's founders and board of directors
Founder? Claim ProfileThe founders of Cinch is Mahir Hamid. Mahir Hamid is the CEO of Cinch.
Here are the details of Cinch's key team members:
- Mahir Hamid: Founder & CEO of Cinch.
View details of Cinch's Founder profiles and Board Members
Cinch's employee count trend
Cinch has 79 employees as of Apr 26. Here is Cinch's employee count trend over the years:
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Cinch's Competitors and alternates
Top competitors of Cinch include MobiJuce, TouristPads and Nomo. Here is the list of Top 10 competitors of Cinch, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of device-as-a-service subscriptions for consumers and businesses | $28.8M | 40/100 | ||
2nd | Mobile-first online rental platform for power banks | - | - | 32/100 | |
3rd | TouristPads 2012, Singapore (Singapore), Unfunded | Online rental for ipads | - | - | 24/100 |
4th | App-based on-demand power bank sharing platform | - | - | 15/100 | |
5th | Rent iPad in Singapore | - | - | 15/100 |
Looking for more details on Cinch's competitors? Click here to see the top ones
Cinch's Investments and acquisitions
Cinch has made no investments or acquisitions yet.
Reports related to Cinch
Here is the latest report on Cinch's sector:
News related to Cinch
Media has covered Cinch for 1 event in last 1 year.
•
Cinch Raises US$28.8M to Expand Device-as-a-Service Platform Across AsiaMonk's Hill Ventures•Apr 08, 2025•Cinch, Monk's Hill Ventures, Z Venture Capital, Digital Currency Group and 2 others
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