Neokred Technologies Private Limited

Neokred Technologies Private Limited offers embedded finance solutions, focusing on seamless integration of financial services within non-financial platforms, enhancing user experiences in various industries. Founded in 2019 and headquartered in Bangalore, India, Neokred Technologies Private Limited specializes in enabling businesses to integrate financial services into their platforms. The company was co-founded by Rohith Reji and Tarun Nazare, with Tarun currently serving as CEO. Neokred has successfully completed three funding deals, with its most recent funding round being a Seed round in May 2021, where it raised INR 42.

50 million from Virenxia Group. This funding has brought the total amount raised to INR 42. 50 million, resulting in a current company valuation of INR 282. 196 million.

Neokred specializes in providing a comprehensive suite of embedded finance solutions, primarily aimed at enhancing the user experience through seamless integration of financial services into non-financial platforms. Their core offerings include ProfileX, a digital KYC verification tool that utilizes real-time document verification and mobile number intelligence to build 360-degree user profiles. This tool serves various industries such as e-commerce, fintech, and healthcare, enabling businesses to onboard customers efficiently while ensuring regulatory compliance. Additionally, Neokred offers payment processing solutions through its Online Checkout SDK, Payout APIs, and Virtual Account Number services, facilitating smooth transactions across multiple channels, including cards, net banking, and UPI.

The geographical markets served encompass India, where they address the growing demand for secure digital financial transactions, as well as global markets looking to adopt embedded finance solutions. Neokred's revenue model is structured around transaction fees and subscription services associated with its product offerings. The company reported revenue of INR 1,205,656. 00 in 2023, with an EBITDA of INR 55,467.

90. Clients typically enter into partnerships, leveraging Neokred's API solutions for payment processing and fraud detection. For example, an e-commerce platform might integrate Neokred's Online Checkout SDK to streamline payment acceptance, enabling immediate processing of transactions for consumers. In return, Neokred charges a fee based on the transaction volume processed through its systems.

Furthermore, ongoing partnerships with financial institutions and businesses seeking to enhance their KYC and fraud prevention capabilities contribute to the company's revenue stream. The fee structure is designed to align with the value provided, ensuring clients benefit from robust security and compliance while maintaining frictionless customer experiences. With the INR 42. 50 million raised in May 2021, Neokred Technologies Private Limited plans to accelerate the development of its data and technology platforms, expand its team, and enhance its product offerings.

The company is particularly focused on launching new products that facilitate further integration of financial services into diverse platforms. In addition, Neokred is looking to expand into new geographical markets beyond India, targeting regions where the adoption of embedded finance solutions is on the rise. This strategic growth initiative aims to capitalize on the increasing global demand for secure digital financial solutions.