# Synergistic Financial Networks Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/synergistic-financial-networks-pvt

- Industry: Software
- Headquarters: Mumbai, India
- Website: http://www.mosambee.in
- Total disclosed funding: $1M
- Latest round: Series B (Mar 23, 2015)
- Investors on record: 2

## About

Synergistic Financial Networks Pvt Ltd is a fintech company specializing in innovative payment solutions that streamline transactions for businesses through its versatile offerings.Founded in 2008 and headquartered in Mumbai, India, Synergistic Financial Networks Pvt Ltd, operating under the brand Mosambee, provides cutting-edge payment solutions. The firm has secured a total of 3 deals, with the most recent being an ADD-ON Trade Sale on April 13, 2022, where Pine Labs Private Limited acquired a majority stake in the company, enhancing its fintech portfolio. The company was founded by Bhushan Thaker, who has a background in establishing other ventures.Mosambee's core offerings include a comprehensive suite of payment solutions designed for businesses. Their flagship Super App enables merchants to accept contactless payments via NFC technology using smartphones. Additionally, Zyada Shop assists retailers in creating online sales channels. Mosambee also provides tools for employee management, customer engagement, and business analytics, catering to diverse sectors such as Food & Beverage, Retail, Hospitality, E-Commerce, and Professional Services across various regions.For the most recent fiscal year, Mosambee reported a revenue of USD 0 mn and an EBITDA of USD -175,597.50 while generating income through its range of payment solutions and services. Its business model relies on direct B2B engagements, with customized pricing structures tailored to individual clients' needs including tiered subscription models and fixed fees for services like the Super App.Following the recent acquisition by Pine Labs Private Limited in April 2022, Synergistic Financial Networks Pvt Ltd plans to leverage this investment to enhance its product offerings and expand into new markets. The company is focusing on the development of new features for its Super App and exploring geographic expansion opportunities in Southeast Asia and the Middle East. This strategic move aims to capitalize on the growing demand for digital payment solutions in these regions.

## Funding rounds

- Series B, Mar 23, 2015 — SIDBI Venture Capital, Rajasthan Asset Management
- Series A, Apr 4, 2013, $1M — SIDBI Venture Capital, Rajasthan Asset Management

## Investors

- SIDBI Venture Capital (https://capitalatlas.ai/funds/sidbi-venture-capital) — Series A, Series B
- Rajasthan Asset Management (https://capitalatlas.ai/funds/rajasthan-asset-management) — Series A, Series B