Finsall Resources Pvt. Ltd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Finsall Resources Pvt. Ltd. - overview
Established
2018
Location
Bangalore, -, India
Primary Industry
Financial Services
About
Founded in 2018 by Prabal Khanna, Promod Khanna (COO), and Tim Mathews (CEO), and based in Bangalore, India, Finsall Resources Pvt. Ltd. , doing business as Finsall operates as a provider of insurance technology and flexible payment options for insurance payers that helps individuals, households, and enterprises. In June 2024, Finsall Resources Pvt.
Ltd. raised INR 150 million in venture funding co-led by Unicorn India Ventures and Salamander Advisors, with participation from other investors. Finsall facilitates financing insurance premiums through a fully digital process, allowing customers to pay for insurance in monthly installments without requiring additional collateral. The platform supports a range of general insurance types, including motor, health, fire, homeowners, and group mediclaim.
The process is streamlined through an API integration, benefiting insurers and intermediaries. Customers can complete the financing application online, with minimal documentation and real-time identity verification. The company intends to use the June 2024 funding to support its lending operations.
Current Investors
Unicorn India Ventures, Salamander Advisors, Dawn Resources LLP
Primary Industry
Financial Services
Sub Industries
e-Financial, Consumer Finance
Website
www.finsall.com
Verticals
FinTech, InsureTech, Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Finsall Resources Pvt. Ltd. - timeline of key events
Finsall Resources Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - |
| EBITDA (USD) | (217,785.9) | (4,650,062.6) | - | - | - |
| Operating Income (USD) | (218,229.9) | (5,103,424.6) | - | - | - |
| Operating Margin | - | - | - | - | - |
| % EBITDA Margin | - | - | - | - | - |
| NET Income (USD) | (221,438.9) | (5,120,058.6) | - | - | - |
| % Net Margin | - | - | - | - | - |
Finsall Resources Pvt. Ltd. - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.