When was Modak founded?

Modak was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Modak located?

Modak is headquartered in Menlo Park, United States.

Who is the current CEO of Modak?

Madhu Yalamarthi and Madhu Y s of Modak. Madhu Yalamarthi has also founded 1 company.

How many employees does Modak have?

As of Jun 30, 2026, the latest employee count at Modak is 62.

Is Modak a funded company?

Modak is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jun 03, 2022.

When was the latest funding round of Modak?

Modak's latest funding was a $***** Seed round on Jun 03, 2022, with participation from 5 investors.

Where does Modak rank among its competitors?

Modak ranks 3rd amongst 14 active competitors, of which 7 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Greenlight, which secured an undisclosed amount in Oct, 2023.

Who are the top competitors of Modak?

Modak's top competitors include Greenlight, gohenry and Jassby. Among them, Greenlight secured the most recent funding round in October, 2023.

Modak - 2026 Company Profile, Team, Funding & Competitors

Company Details

App-based platform providing financial literacy, community, financial products, and credit score for teens. The platform also offers teen cards, expense trackers, gamified learning platforms, and more. It offers financial products for teens by combining finance with blockchain technology.

Website: www.modakmakers.com/
Social
Email ID: *****@modakmakers.com
Phone Number: +1 **********

Key Metrics

Founded Year

2022

Location

Menlo Park, United States

Stage

Seed

Total Funding

$5.3M in 1 round

Latest Funding Round

Seed, Jun 03, 2022, $*****

Investors

GGV Capital & 5 more

Ranked

3^rd among 14 active competitors

Employee Count

62 as on Jun 30, 2026

Similar Companies

Greenlight & 86 more

View Modak's full profile

Modak has raised a total funding of $5.3M over 1 round. Its latest funding round was a Seed round on Jun 03, 2022 for $*****. 5 investors participated in its latest round. Modak has 6 institutional investors.

Here is the list of recent funding rounds of Modak:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 03, 2022	2121722	Seed	4440108	6749455	8666498	1776205

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View details of Modak's funding rounds and investors

The founders of Modak are Madhu Yalamarthi and Madhu Y. Madhu Y and Madhu Yalamarthi are the CEOs of Modak.

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

Madhu Yalamarthi: Co-Founder & CEO of Modak.
Madhu Y: Co-Founder & CEO of Modak and founder of 1 other company.
Contact Info: 2 email addresses

View details of Modak's Founder profiles and Board Members

Modak's employee count trend

Modak has 62 employees as of Jun 26. Here is Modak's employee count trend over the years:

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Top competitors of Modak include Greenlight, gohenry and Jassby. Here is the list of Top 10 competitors of Modak, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Greenlight 2014, Atlanta (United States), Series D	App-based investment platform for kids and teens	$556M	TTV Capital, Canapi Ventures & 36 others	74/100
2nd	gohenry 2012, New York City (United States), Acquired	Prepaid cards for children	$125M	Edison Partners, Citi & 10 others	64/100
3rd	Modak 2022, Menlo Park (United States), Seed	App-based platform providing financial literacy, community, financial products, and credit score for teens	$5.3M	Notable Capital, GGV Capital & 4 others	54/100
4th	Jassby 2017, Waltham (United States), Series A	Budget management platform for kids	$10.9M	Moneta, Blumberg Capital & 5 others	50/100
5th	BusyKid 2010, Scottsdale (United States), Series A	Finance learning solutions for kids	$9.27M	Deepbridge Capital	42/100
6th	FamZoo 2006, Bay (United States), Unfunded	Family finance app and prepaid cards for kids and teens	-	-	36/100
7th	DoughMain 2009, Princeton (United States), Series A	Family financial management software and prepaid card	$6.55M	-	34/100
8th	Oink 2008, Hermosa Beach (United States), Public	Prepaid online account,gateway and cardfor payments	-	-	30/100
9th	Ditch Cash 2018, California City (United States), Unfunded	Debit card for teenagers	-	-	30/100
10th	Kachinga 2018, San Francisco (United States), Funding Raised	Mobile-based platform providing financial literacy-related solution for kids	-	Thynk Ventures	29/100