Myfinfi - About the company
Myfinfi is a seed company based in Mumbai (India), founded in 2022 by Aditi Barthwal and Abhinava Paliwal. It operates as a Cloud based platform for employee financial benefits. Myfinfi has raised $323K in funding from LVX, with a current valuation of ₹*****. The company has 8 active competitors, including 5 funded and 1 that has exited. Its top competitors include companies like Clair, Refyne and Jify.
Company Details
Cloud based platform for employee financial benefits. The platform allows employees to access earned salary before payday. It also provides expense cards and cashback offers for employees.
- Website
- myfinfi.com
- Registered Address
- 38, VYOM PRASTH GMS ROAD, Dehradun, DEHRADUN, Uttarakhand, India, 248001
Key Metrics
Founded Year
2022
Location
Mumbai, India
Stage
Seed
Total Funding
$323K in 1 round
Latest Funding Round
Post Money Valuation
₹***** as on Jul 14, 2022
Ranked
6th among 8 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2024
Employee Count
10 - 49 as on Mar 01, 2026
Legal entities associated with Myfinfi
Myfinfi is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MYFINFI WORLD PRIVATE LIMITED CIN: U72900MH2022PTC382670 , India, Active | May 13, 2022 | 0 - ₹10 Cr (As on Mar 31, 2024) | - | |
FINFI INDIA (OPC) PRIVATE LIMITED CIN: U72900UR2021OPC013345 , India, Active | Dec 10, 2021 | - | - |
Sign up to download Myfinfi's company profile
Myfinfi's funding and investors
Myfinfi has raised a total funding of $323K over 1 round. Its latest funding round was a Seed round on Jul 14, 2022 for ₹*****. 3 investors participated in its latest round. Myfinfi has 1 institutional investor and 2 angel investors.
Here is the list of recent funding rounds of Myfinfi:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 14, 2022 | 8243544 | Seed | 7157984 | 3378694 | 9504987 | 4671688 |
Access funding benchmarks and valuations. Sign up today!View details of Myfinfi's funding rounds and investors
Myfinfi's founders and board of directors
Founder? Claim ProfileThe founders of Myfinfi are Aditi Barthwal and Abhinava Paliwal.
Here are the details of Myfinfi's key team members:
- Aditi Barthwal: Founder of Myfinfi. They serve on the board of 1 company.Contact Info: 1 phone number
- Abhinava Paliwal: Co-Founder of Myfinfi and founder of 1 other company. Contact Info: 1 email address
Myfinfi's Board of Directors
Myfinfi's board has 3 active members. Aditi Barthwal and Pranav Barthwal are part of team and Harsh Vardhan Sharma is independent board member.Here is the list of Myfinfi's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 4y 5m | |
Team | - | Current | 4y 4m | |
Independent board member | - | Current | 4y 5m |
View details of Myfinfi's Founder profiles and Board Members
Myfinfi's employee count trend
Myfinfi has 10 - 49 employees as of Mar 26. Here is Myfinfi's employee count trend over the years:
Uncover Myfinfi's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Myfinfi's Competitors and alternates
Top competitors of Myfinfi include Clair, Refyne and Jify. Here is the list of Top 10 competitors of Myfinfi, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Clair 2019, New York City (United States), Series B | Cloud-based employee benefits platform for on-demand pay | $67.7M | 70/100 | |
2nd | Provider of earned wage access and financial wellness solutions | $106M | 55/100 | ||
3rd | Provider of on-demand salary, money management, and financial wellness solutions | $11.8M | 51/100 | ||
4th | Flexible salary platform that empowers employees to access a portion of earned salaries | $725K | 34/100 | ||
5th | Provider of on demand salary benefits platform for employees | $140K | 31/100 | ||
6th | Cloud based platform for employee financial benefits | $323K | 29/100 | ||
7th | On-demand early salary benefits solutions provider for employees | - | - | 26/100 | |
8th | Daily Salary 2020, Gurugram (India), Deadpooled | Cloud-based employee salary management application | $213K | 25/100 | |
9th | Financial wellness company offering on demand pay solutions for employees | - | - | 23/100 | |
10th | Provider of platforms for accessing earned wages before scheduled paydays | - | - | 16/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Myfinfi's competitors? Click here to see the top ones
Myfinfi's Latest cap tables and shareholding
Founders (largest shareholder) own 60.34%, Funds own 7.92%, Angels own 1.57% and Other People own 30.18%. The net worth of Myfinfi's founders is INR 15.3Cr as of Jul 14, 2022.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 60.34% | 15.3Cr | 9975844 | 4050475 | 1518524 | 9115565 |
5497140 | 2861612 | 8351013 | 9010899 | 9948771 | 7329563 | |
Fund | 7.92% | 2.01Cr | 1806378 | 1199645 | 8283312 | 7210749 |
Angel | 1.57% | 39.8L | 5 | 6 | 2 | 5 |
4 | 7 | 2 | 5 | 4 | 2 | |
Other People | 30.18% | 7.67Cr | 6792890 | 2113370 | 6926751 | 9132845 |
Total | 100.00% | 25.4Cr | 8785188 | 2658976 | 9212045 | 4701230 |
To unlock detailed Cap Table of Myfinfi Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Myfinfi's Shareholding
Myfinfi's Investments and acquisitions
Myfinfi has made no investments or acquisitions yet.
Reports related to Myfinfi
Here is the latest report on Myfinfi's sector:
News related to Myfinfi
•
FINFI, The Credit Card & Personal Loan killer app introduces purchase-linked saving plansAsian News International•Jan 04, 2023•Myfinfi
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Myfinfi
Explore our recently published companies
- Briota Paper - Morbi based, 2017 founded, Unfunded company
- TGIF Opulence - Bengaluru based, 2022 founded, Unfunded company
- Infliction Labs - Unfunded company
- LuckyIcon Art - Ryazan based, 2004 founded, Unfunded company
- Honest Brand Reviews - Panama based, 2020 founded, Unfunded company
- Bootstraptor - Moscow based, 2013 founded, Unfunded company
