# Finlync Private

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

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.finlync.com
- Total disclosed funding: $17M
- Latest round: Series A (Dec 24, 2020)
- Investors on record: 5

## About

Finlync Private Limited, based in Singapore, specializes in developing advanced financial technology solutions that streamline corporate finance operations for businesses across various sectors.Finlync Private Limited, founded in 2015 in Singapore, offers comprehensive technology solutions aimed at enhancing financial processes for businesses. The company was established by Phill K, who has a history of innovation in the finance sector. Finlync has engaged in 3 deals, the most recent being a Series A funding round in July 2022, where it raised USD 16.01 mn led by Point72 Ventures, bringing the total amount raised to USD 16.01 mn and achieving a current company valuation of USD 64.36 mn.Finlync provides a suite of financial technology solutions designed to enhance the operational efficiency of corporate finance departments. Their core product includes advanced software tools that facilitate seamless integration of financial data from various sources, enabling organizations to streamline reporting and analysis processes, which are essential for financial decision-making. Their customer base includes mid to large-sized enterprises across sectors such as retail, manufacturing, and technology, with a focus on North America, Europe, and parts of Asia. By offering these integrated solutions, Finlync supports finance teams in making informed decisions based on reliable financial insights.Finlync’s revenue for the most recent year, 2021, amounted to USD 503,937.3, with an EBITDA of USD -5,659,874.2. The revenue is primarily generated through a subscription-based model for its financial software solutions, ensuring ongoing access to technology and support services. Clients typically enter into annual contracts, with pricing structured based on organizational size and feature utilization, promoting long-term partnerships as businesses scale their financial operations.Finlync plans to leverage its recent funding from the Series A round in July 2022 to enhance its product offerings and expand its market reach. The company is developing new features for its software that are anticipated to launch in the next 12 months. Additionally, Finlync aims to penetrate new geographic markets, particularly targeting expansion into regions such as Australia and South America by 2023. The funding will be used to bolster product development and support market entry initiatives.

## Funding rounds

- Series A, Dec 24, 2020, $16M — Nyca, Point72 Asset Management, Vine Ventures
- Series A, Dec 30, 2019, $1.3M — Acequia Capital, Nyca, Communitas Capital Partners

## Investors

- Acequia Capital (https://capitalatlas.ai/funds/acequia-capital) — Series A
- Nyca (https://capitalatlas.ai/funds/nyca) — Series A
- Communitas Capital Partners (https://capitalatlas.ai/funds/communitas-capital-partners) — Series A
- Point72 Asset Management — Series A
- Vine Ventures — Series A