BankBazaar.com

wealthtech-retailpersonal finance management

FOUNDING YEAR: 2008
LOCATION: India
Last Update: 08/09/2020

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About

BankBazaar.com is a online marketplace that gives users customized rate quotes on loans and insurance products. On BankBazaar.com, users can compare the total costs of the loan offers made to him, and get access to unbiased customers' ratings of financial institutions.

MEDICI Analysis

BankBazaar.com is a online marketplace that gives users customized rate quotes on loans and insurance products. On BankBazaar.com, users can compare the total costs of the loan offers made to him, and get access to unbiased customers' ratings of financial institutions.

Focus

PRODUCTS & SERVICES

Finance Tools,Insurance and loan Advice It provides users with instant customized rate quotes & processing of Loans, cards services, Insurance & investment products

REVENUE MODEL

The company generates revenue by charging commission fee from the partnering financial institutions

MAIN CLIENTS

Loan seekers and retail investors

EXISTING PARTNERSHIPS

HDFC Bank

Axis Bank

ICICI Bank

HDFC Limited

PNB

IndiaBulls

Fullerton

Standard Chartered Bank

SBI

Aegon Religare

Bharti Axa

Bajaj Alliance

L&T

Iffco Tokio

Apollo Munich - To list their product portfolio

COMMENT

Customers have the option to compare financial products from different institutions and apply for the one which suits them perfectly

Traction

VALUATION / MARKET CAP:

$500 M in 2017

REVENUE

$10M+ in 2014

Momentum

FUNDED

YES

TOTAL FUNDING

$82.8 M

DATE OF LAST FUNDING

Apr 2020

FUNDING SERIES

SERIES A  · $6 M  · Mar 2011

SERIES B  · $13 M  · Jan 2014

SERIES C  · $60 M  · Jul 2015

SERIES D  · $3.8 M  · Apr 2020

LISTED

NO

COMMENT

Venture funding: $.75 M in 2016.

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BankBazaar.com

About

BankBazaar.com is a online marketplace that gives users customized rate quotes on loans and insurance products. On BankBazaar.com, users can compare the total costs of the loan offers made to him, and get access to unbiased customers' ratings of financial institutions.

Focus

PRODUCTS & SERVICES

Finance Tools,Insurance and loan Advice It provides users with instant customized rate quotes & processing of Loans, cards services, Insurance & investment products

REVENUE MODEL

The company generates revenue by charging commission fee from the partnering financial institutions

Traction

ANNUAL REVENUE:

$10M+

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

Momentum

FUNDED

YES

TOTAL FUNDING:

$79 M

LISTED

NO

FUNDING SERIES

SERIES A  · $6 M  · ---

SERIES B  · $13 M  · ---

SERIES C  · $60 M  · ---