# Nomisma Mobile Solutions Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nomisma-mobile-solutions-pvt

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.ftcash.com
- Total disclosed funding: $7.2M
- Latest round: Series A (May 6, 2019)
- Investors on record: 4

## About

Nomisma Mobile Solutions Pvt. Ltd. focuses on providing unsecured business loans to small enterprises, enhancing their financial capabilities through collateral-free solutions.Founded in 2015 in Mumbai, India, Nomisma Mobile Solutions Pvt. Ltd. operates as a financial service provider offering short-term loans to small businesses. The company has raised a total of INR 441.4 mn in Series A funding, primarily from Accion, FMO, and IvyCap Ventures. The firm has completed a total of 5 deals to date, with the most recent deal occurring on May 6, 2019. The company's current valuation stands at INR 1218.142 mn. The CEO, Sanjeev Chandak, leads the company alongside co-founders Deepak Kothari and Vaibhav Lodha, contributing to a strong leadership team with diverse backgrounds in finance and entrepreneurship.ftcash specializes in offering unsecured business loans designed for small enterprises, providing a collateral-free financial solution aimed at enhancing business growth. The primary product is a short-term loan that can reach up to ? 25 Lakhs, catering to the working capital needs of businesses. By enabling cashless payment acceptance and facilitating loans, ftcash empowers entrepreneurs to navigate financial challenges efficiently. The company primarily serves Indian small businesses across various sectors, including retail and services, aiming to foster economic inclusivity through technology-driven financial solutions. Since its inception, ftcash has focused on building a customer base that includes both new and established small business owners who require quick access to capital without the burden of collateral.In the most recent fiscal year 2023, ftcash reported a revenue of INR 2,963,595.4, but it also registered an EBITDA loss of INR 1,335,911.2 during the same period. The company's revenue generation model is centered around providing unsecured loans to small businesses, with direct loan disbursements into clients' bank accounts upon application approval. Clients typically approach ftcash for working capital needs, and the company earns interest starting from 17% per annum on these loans, supplemented by automated payment options for flexible repayment schedules.Looking ahead, Nomisma Mobile Solutions Pvt. Ltd. aims to expand its offerings by designing new financial products that cater to the evolving needs of small businesses. The company is also considering geographic expansion into other regions of India by the end of 2024. The INR 441.4 mn raised in its Series A funding round will be instrumental in supporting these initiatives, allowing the company to enhance its product suite and broaden its market reach.

## Funding rounds

- Series A, May 6, 2019, $6.4M — Accion, FMO, IvyCap Ventures Group
- Seed, Mar 7, 2017, $0.7M — 500 Global, IvyCap Ventures Group
- Seed, Feb 15, 2016, $0.1M — IvyCap Ventures Group

## Investors

- IvyCap Ventures Group (https://capitalatlas.ai/funds/ivycap-ventures-group) — Seed, Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Accion (https://capitalatlas.ai/funds/accion) — Series A
- FMO — Series A