# Sub-K IMPACT Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sub-k-impact-solutions

- Industry: Financial Services
- Headquarters: Hyderabad, India
- Website: www.subk.co.in
- Total disclosed funding: $11M
- Latest round: Series C (Oct 3, 2019)
- Investors on record: 1

## About

Sub-K IMPACT Solutions Ltd. is a financial services company based in India, focused on enhancing financial inclusion through innovative digital solutions tailored for underserved populations.Founded in 2010 and headquartered in Hyderabad, India, Sub-K IMPACT Solutions Ltd. specializes in providing digital financial services. The company has successfully closed 6 deals with the most recent deal occurring on October 3, 2019, when it raised INR 750 million in Series C funding from lead investor Maj Invest Equity. The founder's history and previous ventures are not detailed.Sub-K IMPACT Solutions Ltd. primarily offers a suite of digital financial services designed to facilitate financial inclusion among underserved populations in India. Their core product offerings include credit, savings, payment solutions, and insurance services, which are accessible through technologies that empower local entrepreneurs to act as intermediaries. The services are tailored to meet the needs of more than 3 million customers across 25 states in India, specifically targeting individuals and small enterprises that traditionally lack access to financial services. By leveraging partnerships with over 15 financial institutions, Sub-K ensures that its customers can seamlessly navigate their financial needs, ultimately promoting holistic growth and economic stability in the communities they serve. The company’s presence spans 24 states, 359 districts, and 4844 villages, making its impact widely felt across diverse geographical markets.In the most recent fiscal year of 2023, Sub-K IMPACT Solutions Ltd. reported a revenue of INR 9,099,452 with an EBITDA of -INR 3,136,152. The company generates revenue through a multifaceted transaction structure that involves partnerships with financial institutions and direct interactions with consumers. The financial services facilitate transactions that encompass credit provisioning, savings mobilization, payment processing, and insurance offerings, establishing a sustainable financial ecosystem that supports both the company and its users.Sub-K IMPACT Solutions Ltd. plans to utilize the funds raised in October 2019 to enhance its product offerings and expand into new markets. The company is designing new financial products aimed at addressing the evolving needs of its customer base. There are specific plans to enter additional underserved regions in India by the end of 2024, focusing on areas where access to financial services is limited. The recent funding round will support these initiatives, ensuring that Sub-K can reach more individuals and small enterprises in need of financial inclusion.

## Funding rounds

- Series C, Oct 3, 2019, $11M — Maj Invest

## Investors

- Maj Invest (https://capitalatlas.ai/funds/maj-invest) — Series C