# Psila Tech Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/psila-tech-pte

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.flippyfinance.com
- Total disclosed funding: $1.2M
- Latest round: Seed (Apr 5, 2022)
- Investors on record: 4

## About

Psila Tech Pte. Ltd. offers advanced technology solutions aimed at improving operational efficiency and user experience through their proprietary software platform for diverse industries.Founded in 2021 in Singapore, Psila Tech Pte. Ltd. is dedicated to delivering technology solutions that enhance business operations. The company has successfully completed 2 deals, with its most recent funding round being a Seed round on April 5, 2022, where it raised USD 1.16 mn. The round was led by Redstart Labs, with participation from 7percent Ventures, D Global Ventures, and Entrepreneur First. The founders, Srinidhi Moodalagiri and Srivar Harlalka, bring valuable experience to the company, ensuring a strong foundation for growth. As of now, the company’s valuation stands at USD 5.155 mn.Psila Tech specializes in technology solutions that enhance operational efficiency and user experience across various industries. Their primary offering is a proprietary software platform that integrates with existing systems, enabling real-time data analysis and optimized workflows. This platform addresses challenges in data management and process automation, benefiting diverse clients, including mid-sized enterprises and large corporations in North America, Europe, and Asia-Pacific.The company operates under a subscription-based revenue model, providing clients with continuous access to their software platform. This model fosters long-term partnerships, as clients typically engage in annual contracts that include regular updates and customer support. Additionally, direct-to-consumer sales are available for their flagship product, offering both subscription and one-time purchase options. This approach ensures a steady cash flow while catering to the varied needs of their clientele.Looking ahead, Psila Tech plans to utilize the USD 1.16 mn raised in Seed funding to build a robust team, including both junior and senior engineering talent, to scale operations effectively. The company is focused on expanding its market presence, particularly targeting new geographic regions to enhance its reach by 2024. The strategy includes developing new products aimed at further improving user experience and operational efficiency, with specific release dates yet to be announced.

## Funding rounds

- Seed, Apr 5, 2022, $1.2M — Entrepreneur First, 7percent Ventures, Redstart Labs, D Global Ventures

## Investors

- Entrepreneur First (https://capitalatlas.ai/funds/entrepreneur-first) — Seed
- 7percent Ventures (https://capitalatlas.ai/funds/7percent-ventures) — Seed
- Redstart Labs — Seed
- D Global Ventures — Seed