Infinity Analysis: $2M Raised
What is Infinity?
Infinity is a India-based platform for receiving international payments and managing cross-border collections. It says it was founded in 2023 by Sourav and Sidharth Choraria to simplify global payments for freelancers and businesses. The company reports $10M+ monthly transactions, 10K+ onboarded customers, and support for 160+ countries.
Location
G-Floor, Olsen spaces, Vanganahalli HSR Layout, Bangalore - 560102, India
Employees
11-50
Founded
2023
Revenue
$1.9M
Product Features & Capabilities
- global bank accounts, investment in high-yield government securities, cross-border payments, personalized treasury management, seamless connected banking, auto reconciliation of business transactions, multi-currency accounts, savings on international payments
How much Infinity raised
- - $1.9M
February 5, 2025Lead Investor: Y Combinator and others
Business Model
Revenue generated through subscription models and cross-border payment services for SMBs.
Investors
- Y Combinator
- Liquid 2 Ventures
- Script Capital
- Prominent angel investors
Competitors Overview
Infinity's main competitors in the business banking sector for cross-border small and medium-sized businesses (SMBs) and startups include:
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PingPong:
- Services: Offers multiple virtual accounts in various currencies, enabling businesses to receive and payout funds efficiently. It provides competitive foreign exchange rates and local payment options in over 40 countries.
- Advantages: Known for its ease of use and cost-effectiveness, PingPong allows businesses to manage cross-border payments without high fees typically associated with traditional banks. It also supports e-commerce businesses specifically, making it a strong choice for online sellers.
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InstaReM:
- Services: Provides low-cost international money transfers, allowing businesses to send and receive payments in multiple currencies. It features API integration with accounting software and does not impose setup or subscription fees.
- Advantages: InstaReM is recognized for its competitive rates, often up to 5 times cheaper than traditional banks, and its speed in processing transactions. It is also licensed in multiple countries, ensuring regulatory compliance and security for users.
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Skydo:
- Services: Focuses on providing transparent currency conversion with real-time exchange rates and low-cost international payments. Skydo allows businesses to receive payments at the exact live exchange rate without margins.
- Advantages: Skydo's standout feature is its zero foreign exchange margin, which significantly reduces costs for businesses. It also offers a flat-fee pricing model, making it predictable for users to manage their expenses.
These competitors each have unique features and advantages that cater to the needs of cross-border SMBs and startups, positioning them as strong alternatives to Infinity.
Market Focus
Infinity primarily focuses on the business banking industry, specifically catering to cross-border small and medium-sized businesses (SMBs) and startups.
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