# Finone Technologies Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/finone-technologies-pvt

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.muvin.in
- Total disclosed funding: $3.9M
- Latest round: Seed (Dec 27, 2021)
- Investors on record: 3

## About

Finone Technologies Pvt. Ltd. is an innovative Indian company specializing in digital solutions that empower businesses to enhance operational efficiency and user engagement through advanced technology.Finone Technologies Pvt. Ltd. was founded in 2020 and is headquartered in Bangalore, India. The company focuses on developing digital solutions and has successfully completed 3 deals to date. In January 2022, the company raised INR 35 million in a VENTURE DEBT round led by Alteria Capital, bringing its total amount raised to INR 291.37 million. The founders, Diego Briseño, Mukund Rao, and Vineet Gupta, have a history of entrepreneurship, contributing their expertise to drive the company’s vision.Muvin specializes in providing a suite of innovative solutions that address specific challenges in the digital landscape. The company's core offerings include a range of digital tools designed to enhance user engagement and streamline operations for businesses across various sectors. These solutions have been developed with particular attention to the needs of their target market, which spans multiple geographical regions including India. Muvin aims to serve a diverse clientele ranging from small startups to established enterprises, focusing on empowering users through technology that solves real-world problems. The flagship products were released in 2021, showcasing Muvin's commitment to delivering solutions that meet contemporary demands in the digital economy.Muvin employs a structured revenue model that incorporates a combination of subscription-based and direct-to-consumer transactions. Clients typically engage with Muvin through a tiered pricing strategy, allowing for flexible access to their products and services based on individual or organizational needs. Partnerships with various retailers and wholesalers further facilitate the distribution of Muvin's offerings, creating multiple avenues for revenue generation. In the most recent year, Muvin reported a revenue of INR 18,277.10 mn with an EBITDA of INR -1,168,648.10.Finone Technologies Pvt. Ltd. plans to utilize the INR 35 million raised in January 2022 for product development and talent acquisition. The company aims to launch new products by the end of 2023, focusing on expanding its offerings in digital solutions. Additionally, Finone is exploring geographic expansion into Southeast Asia and the Middle East by 2024, seeking to establish a stronger presence in these growing markets.

## Funding rounds

- Seed, Dec 27, 2021, $3.9M — WaterBridge Ventures, Alteria Capital, QED Innovation Labs

## Investors

- WaterBridge Ventures (https://capitalatlas.ai/funds/waterbridge-ventures) — Seed
- Alteria Capital (https://capitalatlas.ai/funds/alteria-capital) — Seed
- QED Innovation Labs — Seed