BankBazaar company logo

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bankbazaar.com

Founded Year

2008

Stage

Series D - IV | Alive

Total Raised

$118.79M

Last Raised

$5.99M | 2 yrs ago

Revenue

$0000 

About BankBazaar

BankBazaar is a neutral online marketplace that gives users instant customized rate quotes on loans and insurance products. Users can instantly search for, compare and apply for loans, credit cards and insurance products on the site.

BankBazaar Headquarter Location

3rd Floor, Hameedia Center 14/43 Haddows Road, Nungambakkam

Chennai, 600 006,

India

+91 44 66511800

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Research containing BankBazaar

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned BankBazaar in 3 CB Insights research briefs, most recently on Sep 9, 2020.

Expert Collections containing BankBazaar

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

BankBazaar is included in 3 Expert Collections, including Digital Lending.

D

Digital Lending

1,511 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

I

Insurtech

1,798 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

3,403 items

Latest BankBazaar News

Indian FinTech BankBazaar Plans IPO in 2023, Expects to Hire 1,500

Apr 8, 2022

BankBazaar.com, a FinTech co-branded credit card issuer and online platform for free credit score, will go for an IPO in 2023, a report in the Times of India said Thursday (April 7). The company plans to recruit over 1,500 new employees for its expansions of tech and products, which will help it support more revenue growth this year. The company’s goal is to have a million co-brand credit cards in circulation within two years. BankBazaar was reportedly able to boost credit card issuances by 82% in fiscal year 2022 compared to the previous year. “We intend that our IPO demonstrates our strong grasp of the fundamentals of the Indian BFSI (banking, financial services and insurance) sector and our tailored solutions,” said Adhil Shetty, CEO, BankBazaar.com. The report notes that over 70% of customers using BankBazaar have a credit score of 700 or more. The company wants to cater to that base, using numerous tailored products like credit cards and personal loans from numerous banks and non-banking financial companies (NBFCs). In addition, BankBazaar.com wants to get more into the buy now, pay later (BNPL) field, which has been popular over the pandemic for its ability to let people buy expensive things with installment payments. PYMNTS wrote that, in other BNPL news, U.S. Bank is expanding its BNPL program ExtendPay, which it rolled out a year ago. The bank said the program allows for the usual splitting of the cost of an item into installment payments. Holders of U.S. Bank cards using the system can keep the rewards for using their cards. Payments can be spread over three to 24 months. Some BNPL systems depend on shoppers applying to use extended-pay options at purchase, U.S. Bank makes it so card holders can use it independent of any retailer programs. ——————————

BankBazaar Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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BankBazaar Rank

  • When was BankBazaar founded?

    BankBazaar was founded in 2008.

  • Where is BankBazaar's headquarters?

    BankBazaar's headquarters is located at 3rd Floor, Hameedia Center, Chennai.

  • What is BankBazaar's latest funding round?

    BankBazaar's latest funding round is Series D - IV.

  • How much did BankBazaar raise?

    BankBazaar raised a total of $118.79M.

  • Who are BankBazaar's competitors?

    Competitors of BankBazaar include MyShubhLife and 3 more.

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