Myforexeye Fintech Pvt. Ltd.

Myforexeye Fintech Pvt. Ltd. is a fintech company specializing in forex advisory services for corporate and retail clients, facilitating currency exchange and trade finance solutions through an innovative online platform. Founded in 2014 and headquartered in New Delhi, India, Myforexeye Fintech Pvt.

Ltd. provides forex advisory services aimed at addressing the needs of both corporate and retail clients involved in foreign exchange transactions. The company underwent a significant investment round in May 2018, led by InRhythm Energy Limited, raising INR 34 million. Anand Tandon and Ritesh Victor are the founders, with Anand Tandon also serving as the CEO.

Myforexeye Fintech Pvt. Ltd. specializes in comprehensive forex advisory services for both corporate and retail clients engaging in foreign exchange transactions. Key offerings include tailored trade finance solutions, currency exchange, money transfers, and forex trading guidance, all delivered through an innovative online platform and user-friendly mobile application.

The services are designed to tackle challenges related to cash flow and forex risk management faced by importers, exporters, and businesses operating in international markets. They cater to a diverse clientele, including non-resident Indians (NRIs), multinational corporations (MNCs), small and medium enterprises (MSMEs), and individual travelers, with their products primarily marketed within India and globally to enhance international trade. In the most recent year, 2023, Myforexeye reported a revenue of INR 688,381. 50 and an EBITDA of INR 31,445.

30. The company's revenue model is built on transaction fees, commissions on currency exchanges, and advisory service charges, with clients utilizing the platform for competitive currency exchange rates and market trend guidance. Myforexeye Fintech Pvt. Ltd.

intends to leverage the recent investment of INR 34 million from InRhythm Energy Limited to expand its service offerings and enhance its platform. The company is focused on launching new products designed to further streamline forex transactions and advisory services. Specific plans include targeting new geographic markets in Southeast Asia by 2025, aiming to diversify its client base and increase international operations. The strategic use of the latest funding will support the development of these initiatives and enhance its market presence.