When was Finly founded?

Finly was founded in 2015 and raised its 1st funding round 4 years after it was founded.

Where is Finly located?

Finly is headquartered in Bengaluru, India. It is registered at No.28, Ek Dantha, 4th Main, Sankra Kothnur Dinne Main Road, J P Nagar 7th P, hase, Bangalore, Bengaluru, Karnataka, India, 560078.

Which legal entities is Finly associated with?

Finly is associated with VV FINLY TECHNOLOGY PRIVATE LIMITED and 2 others.

How many employees does Finly have?

As of Aug 31, 2021, Finly has 38 employees, reflecting a 36% year-over-year growth in headcount.

Is Finly a funded company?

Finly is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on May 06, 2019.

How much is Finly worth?

The last known valuation of Finly was $***** as of May 06, 2019.

When was the latest funding round of Finly?

Finly's latest funding was a $***** Seed round on May 06, 2019, with participation from 17 investors. Its primary sector is Finance & Accounting Tech. In India, the Finance & Accounting Tech sector has seen $12.8M in funding in 2026 to date.

What is the annual revenue of Finly?

Annual revenue of Finly is less than ₹10 Cr as on Mar 31, 2025

Where does Finly rank among its competitors?

Finly ranks 27th amongst 659 active competitors, of which 46 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Fazeshift, which secured an undisclosed amount in Aug, 2026.

Who are the top competitors of Finly?

Finly's top competitors include Bill, Zuora and Melio. Among them, Fazeshift secured the most recent funding round in August, 2026.

Finly - 2026 Company Profile, Team, Funding, Competitors & Financials

Finly is an acquired company based in Bengaluru (India), founded in 2015 by Vivek Alike Ganapathy and Veekshith Chandrashekar Rai. It operates as a Cloud-based accounts payable automation platform for businesses. Finly has raised $505K in funding from Wellfound and Gemba Capital, with last known valuation of $*****. The company has 659 active competitors, including 46 funded and 41 that have exited. Its top competitors include companies like Bill, Zuora and Melio.

Company Details

Cloud-based accounts payable automation platform for businesses. It offers a platform that allows employees to submit expense reports and claims reimbursements. It also offers solutions for expense reporting, compliance management, enforcing spending policies, design workflows, integrate with existing accounting systems, and generate insights. The app is available for Android and iOS platforms.

Website: finly.io
Social
Email ID: *****@finly.io
Phone Number: +91 **********
Registered Address: No.28, Ek Dantha, 4th Main, Sankra Kothnur Dinne Main Road, J P Nagar 7th P, hase, Bangalore, Bengaluru, Karnataka, India, 560078

Key Metrics

Founded Year

2015

Location

Bengaluru, India

Stage

Acquired

Total Funding

$505K in 1 round

Latest Funding Round

Seed, May 06, 2019, $*****

Last Known Valuation

$***** as on May 06, 2019

Investors

Wellfound & 21 more

Ranked

27^th among 659 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

38 as on Aug 31, 2021

Similar Companies

Bill & 760 more

Exit Details

Acquired by Lockstep (Aug 27, 2021)

View Finly's full profile

Finly is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
LOCKSTEP NETWORK INDIA PRIVATE LIMITED CIN: U72501PN2019FTC187354 , India, Active	Oct 19, 2019	₹50 - ₹100 Cr (As on Mar 31, 2025)	78 (As on Feb 01, 2026)
VV FINLY TECHNOLOGY PRIVATE LIMITED CIN: U72200KA2019PTC121171 , India, Active	Feb 07, 2019	0 - ₹10 Cr (As on Mar 31, 2025)	38 (As on Aug 31, 2021)
JOUSKA TECH PRIVATE LIMITED CIN: U72200KA2015PTC081119 , India, Active	Jun 24, 2015	0 - ₹10 Cr (As on Mar 31, 2019)	-

Finly got acquired by Lockstep on Aug 27, 2021.

Click here to take a look at Finly's acquisition in detail

Finly has raised a total funding of $505K over 1 round. Its latest funding round was a Seed round on May 06, 2019 for $*****. 17 investors participated in its latest round. Finly has 17 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Finly:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 06, 2019	7282236	Seed	6185317	9273666	9605214	7800338

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View details of Finly's funding rounds and investors

The founders of Finly are Vivek Alike Ganapathy and Veekshith Chandrashekar Rai.

Here are the details of Finly's key team members:

Vivek Alike Ganapathy: Former Co-Founder of Finly and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Veekshith Chandrashekar Rai: Former Co-Founder of Finly. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

Finly's Board of Directors

Finly's board has 3 active members. Vivek Alike Ganapathy and Veekshith Chandrashekar Rai are part of team and Mahesh Inderpal Garg is independent board member.

Here is the list of Finly's board of directors:

Name	Type	Representing	Status	Duration
Vivek Alike Ganapathy	Team	-	Current	7y 7m
Veekshith Chandrashekar Rai	Team	-	Current	7y 7m
Mahesh Inderpal Garg	Independent board member	-	Current	4y 0m
utnuiqi	Independent board member	-	Past	7y 8m

View details of Finly's Founder profiles and Board Members

Finly's employee count trend

Finly has 38 employees as of Aug 21. The total employee count is 36.0% more than what it was in Aug 20. Here is Finly's employee count trend over the years:

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Top competitors of Finly include Bill, Zuora and Melio. Here is the list of Top 10 competitors of Finly, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Bill 2006, San Jose (United States), Public	Provider of accounts payable, accounts receivable, and spend management solutions	$326M	August Capital, Icon Ventures & 28 others	81/100
2nd	Zuora 2007, Redwood City (United States), Acquired	Cloud-based invoice and subscription management solutions for businesses	$243M	Northgate Capital, Tenaya Capital & 28 others	77/100
3rd	Melio 2018, New York City (United States), Acquired	Provider of accounts payable and receivable solutions for businesses	$654M	Coatue, Thrive Capital & 25 others	75/100
4th	Paymentus 2004, Atlanta (United States), Public	Provider of a platform for intelligent billing and payment solutions	$23.6M	Accel-KKR, HTIF & 2 others	73/100
5th	HighRadius 2006, Houston (United States), Series C	Provider of AI-powered platform for automating finance processes and improving outcomes	$484M	Susquehanna Growth Equity, Tiger Global Management ... & 9 others	69/100
6th	Fazeshift 2023, San Francisco (United States), Series A	Provider of AI-driven solution automating accounts receivable workflows and cash application	$22M	F-Prime Capital, Gradient Ventures & 10 others	63/100
7th	Viewpost 2011, Maitland (United States), Series C	Online payment solutions for businesses	$129M	Cresset Partners, Western Technology Investment ... & 3 others	62/100
8th	Monite 2020, Berlin (Germany), Acquired	Developer of API platform providing automated invoicing and bill payment solutions	$22.8M	Valar Ventures, Third Prime & 24 others	58/100
9th	SOFTRAX 1999, Boise (United States), Acquired	Cloud-based system automating billing and revenue recognition processes	$16.5M	Allegra Partners, Egan-Managed Capital & 5 others	57/100
10th	Yaydoo 2015, Geneva (Switzerland), Acquired	Payment and business management platform for businesses	$21.5M	Alchemist Accelerator, Monashees & 11 others	57/100
27th	Finly 2015, Bengaluru (India), Acquired	Cloud-based accounts payable automation platform for businesses	$505K	Sumitomo, LetsVenture & 20 others	46/100

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Founders (largest shareholder) own 59.34%, Funds own 20.09%, Enterprises own 3.51% and Angels own 9.97%. The net worth of Finly's founders is INR 11.6Cr as of May 06, 2019.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	59.34%	11.6Cr	1537306	2074711	7286995	8087617
Veekshith Chandrashekar Rai	2878612	8646492	2756605	1646724	7929872	1498852
Vivek Alike Ganapathy	2818449	7264408	1637616	9358853	8021966	6873233
Fund	20.09%	3.91Cr	6058721	9178958	2276796	4565955
Enterprise	3.51%	68.5L	853	365	875	791
Angel	9.97%	1.94Cr	4210653	7847099	3421777	1450880
Other People	0.41%	7.97L	0	0	0	0
ESOP Pool	6.68%	1.3Cr	500346	625614	914953	222133
Total	100.00%	19.5Cr	2555276	4510703	1347921	3760761