# Figtech Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/figtech-private

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.usefriz.com
- Latest round: Seed (Apr 5, 2021)
- Investors on record: 3

## About

Figtech Private Limited is a technology firm specializing in advanced software solutions that enhance operational efficiency and data management for businesses across various sectors, including finance, healthcare, and retail.Founded in 2020 and headquartered in Singapore, Figtech Private Limited provides software solutions tailored to improve business operations. The company raised USD 1.5 million in its most recent funding round on September 30, 2021, with investors including Amand Ventures and Funding Societies Pte. Ltd. The CEO is Nirali Zaveri, who leads the company following its establishment by Ash R. and Nirali Zaveri. Figtech Private Limited has executed 2 deals to date.The company offers a diverse range of products and services designed to meet the needs of various industries, primarily focusing on advanced software solutions that boost operational efficiency and data management for businesses. These solutions aim to tackle specific challenges, including process automation, analytics, and customer relationship management. Targeting sectors such as finance, healthcare, and retail, Figtech serves clients from small to medium-sized enterprises to large corporations, with products strategically launched in North America, Europe, and parts of Asia.In the most recent fiscal year 2024, Figtech Private Limited reported a revenue of USD 313.1 mn, accompanied by an EBITDA of USD -319,115.4.With the capital raised in September 2021, Figtech Private Limited plans to expand its operations into the Philippines and hire additional personnel. The funding will also support the development and launch of a new mobile application. These initiatives are part of the company's strategy to enhance its market presence and diversify its product offerings.

## Funding rounds

- Seed, Apr 5, 2021 — Y Combinator, 500 Durians, Iterative

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- 500 Durians — Seed
- Iterative (https://capitalatlas.ai/funds/iterative) — Seed