FatakPay - About the company
FatakPay is a seed company based in Mumbai (India), founded in 2021 by Abhishek Mahendra Gandhi, Amit Kumar Lodha, Ajit Kumar and Amit Goyal. It operates as an Operator of an application providing instant personal loans and financial services. FatakPay has raised $6.15M in funding from investors like Capitar Ventures, Village Capital and Lloydsenterprises, with a current valuation of ₹*****. The company has 273 active competitors, including 42 funded and 9 that have exited. Its top competitors include companies like Tala, Finnable and axio.
Company Details
Operator of an application providing instant personal loans and financial services. The application facilitates loan applications with a digital process requiring only KYC. It also provides options to buy, sell, and store gold and silver. The application offers rewards, discount coupons, and employee financial wellness initiatives.
- Website
- www.fatakpay.com/
- Email ID
- *****@fatakpay.com
- Phone Number
- +91 **********
- Registered Address
- Office No.-23, 2nd Floor Der Deutsche Parkz, Subhash Nagar Road, Near Nahur (W) Station, Bhandup West, Mumbai, Mumbai, Mumbai, Mumbai, Maharashtra, India, 400078
Legal entities associated with FatakPay
FatakPay is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
FATAKPAY DIGITAL PRIVATE LIMITED CIN: U72900MH2021PTC369484 , India, Active | Oct 14, 2021 | $16.8M (As on Mar 31, 2025) | 65 (As on Mar 01, 2026) | |
Fatakventure Partners Llp CIN: ACB-9098 , India, Active | Jul 06, 2023 | - | 109 (As on Jun 30, 2025) |
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FatakPay's funding and investors
FatakPay has raised a total funding of $6.15M over 5 rounds. Its first funding round was on Mar 31, 2022. Its latest funding round was a Seed round on Jan 10, 2025 for $*****. 5 investors participated in its latest round. FatakPay has 11 institutional investors and 86 angel investors.
Here is the list of recent funding rounds of FatakPay:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 10, 2025 | 5739340 | Seed | 5699849 | 2150830 | 2886664 | 5123839 |
Jan 02, 2024 | 8642707 | Seed | 6897959 | 1854109 | 5474266 | |
Dec 05, 2023 | 4314142 | Venture Debt | 7660358 | 2466838 | 2336229 |
View details of FatakPay's funding rounds and investors
FatakPay's founders and board of directors
Founder? Claim ProfileThe founders of FatakPay are Abhishek Mahendra Gandhi, Amit Kumar Lodha, Ajit Kumar and Amit Goyal. Amit Kumar Lodha is the CEO of FatakPay.
Here are the details of FatakPay's key team members:
- Abhishek Mahendra Gandhi: Co-Founder & CBO of FatakPay and founder of 2 other companies, Bank2Grow and Rupee Circle. They are also an angel investor in 1 startup and serve on the boards of 2 companies.Contact Info: 2 phone numbers
- Amit Kumar Lodha: Co Founder & CEO of FatakPay. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 phone number
- Ajit Kumar: Co-Founder & COO of FatakPay. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Amit Goyal: Co-Founder & MD of FatakPay. Contact Info: 1 email address
FatakPay's Board of Directors
FatakPay's board has 4 active members. Abhishek Mahendra Gandhi, Amit Kumar Lodha, Ajit Kumar and Amit Kumar Goyal are part of team.Here is the list of FatakPay's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 4y 7m | |
Team | - | Current | 4y 7m | |
Team | - | Current | 4y 7m | |
nwdzniw | Team | - | Past | 4y 9m |
View details of FatakPay's Founder profiles and Board Members
FatakPay's employee count trend
FatakPay has 218 employees as of Jun 25. The total employee count is 1.0% lower than what it was in Jun 24. Here is FatakPay's employee count trend over the years:
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FatakPay's Competitors and alternates
Top competitors of FatakPay include Tala, Finnable and axio. Here is the list of Top 10 competitors of FatakPay, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Tala 2011, Santa Monica (United States), Series E | Provider of a platform offering credit and digital financial services | $346M | 79/100 | |
2nd | Platform offering online personal loans with minimal documentation | $90.2M | 79/100 | ||
3rd | Provider of an online lending platform offering point of sale financing | $206M | 75/100 | ||
4th | Provider of digital lending and instant credit line solutions for individuals | $115M | 75/100 | ||
5th | Provider of financial products including UPI, loans, insurance, and mutual funds | $445M | 73/100 | ||
6th | LendenClub 2015, Mumbai (India), Series A | Developer of a P2P lending platform for personal loans | $11.9M | 72/100 | |
7th | Provider of personal loans, credit lines, and financial wellness solutions | $250M | 72/100 | ||
8th | RupeeRedee 2018, Gurugram (India), Series B | Provider of online platform for short-term, unsecured personal loans | $5.7M | 70/100 | |
9th | Provider of personal loans, business loans, and loans against property | $133M | 69/100 | ||
10th | True Balance 2014, Gurugram (India), Series D | Provider of personal loans and prepaid payment instruments via mobile wallet | $90M | 68/100 | |
21st | Operator of an application providing instant personal loans and financial services | $6.15M | 56/100 |
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FatakPay's Investments and acquisitions
FatakPay has made no investments or acquisitions yet.
News related to FatakPay
Media has covered FatakPay for a total of 4 events in the last 1 year, 3 of them have been about company updates.
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FatakPay Launches FatakUdaan to Enable Credit Building for Millions of IndiansThe Tribune•Dec 19, 2025•FatakPay
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Abhishek Gandhi FatakPay aims to build long-term financial resilience for borrowersIndiatimes•Aug 06, 2025•FatakPay
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FatakPay Launches FatakSecure Insurance Vertical Targeting Underserved PopulationIndiatimes•Jun 11, 2025•FatakPay
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