# Dinero Innovations Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dinero-innovations-pvt

- Industry: Financial Services
- Headquarters: Hyderabad, India
- Website: www.finin.in
- Total disclosed funding: $0.4M
- Latest round: Seed (Jul 20, 2020)
- Investors on record: 4

## About

Dinero Innovations Pvt. Ltd. is a technology company specializing in innovative solutions that enhance operational efficiency for businesses and individual consumers across various sectors.Founded in 2019 and headquartered in Hyderabad, India, Dinero Innovations Pvt. Ltd. focuses on delivering technology-driven solutions. The company has engaged in 2 deals, with the most recent deal occurring on December 14, 2021. In that transaction, Dinero was acquired by Open Financial Technologies Pvt. Ltd. for approximately INR 750.000 mn, strengthening Open Financial Technologies' cloud-native enterprise offering, BankingStack. The CEO and founder, Suman Gandham, has a history of entrepreneurial ventures prior to establishing Dinero Innovations.Dinero Innovations Pvt. Ltd. offers a range of advanced technology applications designed to address specific client challenges. Their solutions enhance efficiency and productivity across industries such as healthcare, finance, and logistics. The company provides tailored products that facilitate data management and streamline operations, reaching clients in North America, Europe, and Asia through direct-to-consumer and business-to-business transactions.For the most recent financial year, 2023, Dinero Innovations Pvt. Ltd. reported no revenue, with an EBITDA of INR -2,297.1 mn. The company's revenue generation model relies on subscription-based services that foster long-term partnerships with clients, allowing for ongoing access to their core product offerings.Dinero Innovations Pvt. Ltd. aims to expand its product portfolio by launching innovative solutions tailored for various industries, with specific product release dates yet to be announced. The company plans to enter new geographic markets, with a focus on expanding operations in Southeast Asia and Europe by the end of 2024. The recent acquisition by Open Financial Technologies Pvt. Ltd. will provide the resources to support these initiatives and enhance their offerings.

## Funding rounds

- Seed, Jul 20, 2020, $0.4M — Unicorn India Ventures, Vistra ITCL, Astir Ventures, PointOne Capital

## Investors

- Unicorn India Ventures (https://capitalatlas.ai/funds/unicorn-india-ventures) — Seed
- Vistra ITCL — Seed
- Astir Ventures (https://capitalatlas.ai/funds/astir-ventures) — Seed
- PointOne Capital (https://capitalatlas.ai/funds/pointone-capital) — Seed