Key Metrics
- No. of Employees185
- Founded Year 2017
- Company StagePrivate Limited Company
- Total Funding₹299.48 Cr
- Industry
- Headquarter
- Company StatusMerged
About Avail Finance
Avail is a financial care service for the unorganised workforce of India, who are not served by current lending solutions. They are an app-based lending platform, providing small-ticket personal loans of up to INR 5,000 with the lowest interest and lowest processing fee.
The process requires minimal documentation and provides loan seekers with an easy documentation process and hassle-free loan disbursal. The loan-seekers can also repay small-ticket personal loans to access higher loan amounts in the future.
Business Model
Owned by Ola, Avail Finance caters to India’s blue-collared workforce who are currently underserved by organized lending institutions. It provides collateral-free personal loans of up to Rs 20,000 to meet their financial needs.
Top Competitors
FA
FampayU74999KA2019PTC122125
FI
FiU72900KA2019PTC124770
JU
JupiterU74140MH2019PTC328769
NI
NiyoU74900KA2015PTC084275
Avail Finance Funding Details
Funding Highlights
Latest Funding RoundSeries B
Total Funding Raised₹299.48 Cr
No. of Investments Made0
Total No. of Acquisitions0
Lead Investors3
Investors
- Alpha Wave Global, Matrix Partners India, IIFL Asset Management
Funding Details
Funding History
Funding Per Year
Avail Finance Financial Details
Financial Highlights
FY 2023-24 Revenue₹62 Lakh
FY 2023-24 Expenses₹24.29 Cr
FY 2023-24 Profit/Loss-₹23.68 Cr
Net Cash Flow From Operations-₹4.36 Cr
Full Financial Details
Financial Comparison
Revenue Breakdown
Expense Breakdown
Shareholding Structure
Financial Ratio
Avail Finance Key People
People Metrics
Current Core Team2
Board Members/Directors2
Avail Finance Documents