Bridge Fintech Solutions Private Limited
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Bridge Fintech Solutions Private Limited - overview
Established
2016
Location
Bangalore, -, India
Primary Industry
Financial Services
About
Bridge Fintech Solutions Private Limited operates a digital marketplace for peer-to-peer lending, connecting borrowers seeking personal loans with lenders, enhancing financial accessibility in India. Founded in 2016 in Bangalore, India, Bridge Fintech Solutions specializes in facilitating peer-to-peer lending. The company was co-founded by Abhinandan Sangam, Amit More, and Vishwas Dixit. Amit More serves as the CEO.
In total, the company has completed three funding deals, with the latest being a VENTURE DEBT round in November 2021, raising USD 2. 00 mn, contributing to a total amount raised of USD 67. 50 mn. Bridge Fintech Solutions operates Finzy, a platform that offers personal unsecured loans for various purposes, including home improvements and education.
The loan application process is efficient, allowing quick online application and funding within 48 hours. The company provides loans with flexible terms and a tenure of up to 36 months, targeting customers across India and ensuring data security during the lending process. In 2022, Bridge Fintech Solutions generated revenue of USD 319,445. 30, while reporting an EBITDA loss of USD 916,014.
50 for the same year. The company earns its revenue by charging lenders a fee for connecting them with borrowers, facilitating transactions directly on its platform. Following its recent funding round in November 2021, Bridge Fintech Solutions plans to utilize the USD 2. 00 mn raised to enhance its technology and product offerings for both lenders and borrowers.
The company aims to expand its service availability into new markets across India, with specific geographic regions targeted for expansion as part of its strategic growth initiatives.
Primary Industry
Financial Services
Sub Industries
e-Financial, Consumer Finance
Website
www.finzy.com
Verticals
FinTech
Company Stage
Angel & Seed
Total Amount Raised
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Bridge Fintech Solutions Private Limited - timeline of key events
Bridge Fintech Solutions Private Limited - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 1,499,865 | 7,295,259 | 12,369,024 | 9,488,831 | - | - | - |
| % Revenue Growth (YoY) | - | - | 386.4% | 69.5% | (23.3%) | - | - | - |
| EBITDA (USD) | (495,207) | (14,840,074) | (54,664,790) | (117,625,771) | (51,008,188) | - | - | - |
| Operating Income (USD) | (495,207) | (16,940,200) | (58,557,992) | (124,358,431) | (58,638,610) | - | - | - |
| Operating Margin | - | (1129.4%) | (802.7%) | (1005.4%) | (618.0%) | - | - | - |
| % EBITDA Margin | - | (989.4%) | (749.3%) | (951.0%) | (537.6%) | - | - | - |
| NET Income (USD) | (495,782) | (16,880,092) | (58,404,833) | (121,405,229) | (59,771,338) | - | - | - |
| % Net Margin | - | (1125.4%) | (800.6%) | (981.5%) | (629.9%) | - | - | - |
Bridge Fintech Solutions Private Limited - employee data
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