What InstaFinancials does

InstaFinancials (legally CBL Data Science Private Limited) is a Bangalore-based Indian corporate intelligence platform founded in 2016 that aggregates data on companies, LLPs, directors, MSMEs, and GSTINs from 50+ public repositories and 700+ courts and tribunals. The platform covers 25.5L+ companies, 43L+ directors, and 1.5Cr+ GSTINs and is used by 75K+ users across banks, NBFCs, manufacturers, IT firms, fintechs, HR teams, chartered accountants, and lawyers. Its product portfolio spans the Brisk comprehensive risk report (with profit manipulation testing, window dressing detection, GST compliance matrix, and news/sentiment analysis), Basic and Summary reports, Docs, Legal modules, and dedicated MSME verification tools (PAN2Udayam, Mobile2Udayam).

The platform is delivered via a web application and an extensive API suite covering company, director, GSTIN, PAN, MSME, litigation, and court data — positioning it for both self-serve lookups and embedded enterprise integration in KYC, vendor screening, credit assessment, and onboarding workflows. InstaFinancials was incubated at SAP Labs and accelerated by Axis Bank, which provides both technical validation and access to BFSI distribution. It operates three partner programs (Growth, Innovation, Sales) to scale indirect distribution alongside direct enterprise sales.

Revenue is generated through three models: pay-per-report purchases (ranging from ₹15 to ₹899 per report, with Brisk at the top), subscriptions, and API-based access priced for enterprise integration. Customer acquisition is hybrid — direct enterprise sales to banks and large corporates, complemented by a 75K+ user self-serve funnel and an emerging partner/channel layer. The combination of marquee enterprise validation, deep data coverage, and a multi-tier go-to-market supports a niche but defensible position in the Indian corporate data and risk intelligence market.

Name

InstaFinancials

Legal name

CBL DATA SCIENCE PRIVATE LIMITED

Website

https://instafinancials.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

InstaFinancials is a Bangalore-based Indian corporate intelligence platform founded in 2016, aggregating data on 25.5L+ companies and 1.5Cr+ GSTINs from public registries and courts. It serves banks, NBFCs, fintechs, CAs, and enterprises via reports, subscriptions, and APIs for KYC, onboarding, and risk decisions.

Ownership category

akta.pro rank

Product category

Corporate Intelligence & Business Data Analytics

NAICS

Computer Systems Design and Related Services (54151), Custom Computer Programming Services (541511), Professional, Scientific, and Technical Services (54)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Account Verification & Ownership (AVS/AOV, micro-deposits, auth) (FSAGACAB)

akta.pro secondary industries

Digital Account Opening & Onboarding (eKYC, eSignature, Origination) (FSAGAAAB), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)

Keywords

• Corporate intelligence
• Company due diligence
• Credit risk analytics
• Business data APIs
• MCA data platform

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Per-Report Sales: Single-use transactions where customers purchase individual company reports (Basic, Summary, Docs, Legal, Brisk, Detailed) on a per-company basis. Pay only for what is consumed with consumption-based pricing.
2. Subscription Plans: Tailor-made subscription plans for large enterprises and banks with compelling discounts and offers. Includes team management with admin user login and free sub-users.
3. API Access: API-based access to company data, director information, GST verification, and other data points. Pricing requires sales inquiry for enterprise volumes.
4. Partner Revenue Share: Sales Partners earn additional and attractive recurring revenue by promoting offerings to their customers, prospects, and networks.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

InstaFinancials is an Indian corporate intelligence platform that aggregates MCA, GST, MSME, EPFO, regulator, and court/tribunal data into company, LLP, director, GSTIN, and MSME reports and APIs. It sells pay-per-report products, subscriptions, and programmatic APIs (InstaAPIs) used for customer/vendor onboarding, KYC, credit risk assessment, due diligence, and B2B sales prospecting. It also offers white-labeled reports, bulk data via Projects, and free InstaTools for verification lookups.

Product overview

InstaFinancials is an Indian corporate intelligence platform offering a comprehensive suite of data and analytics products for OPC, LLPs, Private & Public Limited Companies, Directors, GSTINs, and MSMEs. The product portfolio consists of core report products (Brisk as the flagship comprehensive risk report, Legal for litigation data, Docs for public documents, Basic for registration data, Summary for financial profiles, Detailed for extended financials, and StruckOff for company status), supplemented by specialized LLP-specific products. The platform provides extensive APIs for programmatic access (Company Reports APIs, LLP Reports APIs, Firm/verification APIs, Get APIs, and Verification APIs), InstaTools for point-solution data lookups (CIN2PAN, PAN2CIN, InstaConverter, DirectorConnect, PAN2Udayam, Mobile2Udayam, GISTConnect, etc.), and solution-oriented tools including InstaScreener, Watchout, Alerts, and WarmLeads. All offerings integrate into a unified platform supporting business development, due diligence, credit assessment, and compliance monitoring use cases across banking, NBFC, manufacturing, fintech, and professional services segments.

Differentiator

Problem solved

Functional benefit

Products and services

• Brisk The most comprehensive risk and corporate credit report with 5-year financials, legal cases data, MCA public documents, compliance & default, group companies details, RedFlags, risk scoring (Profit Manipulation Test, Window Dressing Test), GST Compliance Matrix, litigation, defaulting info, news & sentiment analysis, ownership, corporate and auditor information. Used by banks, NBFCs, and corporates for well-informed corporate credit decisions. Priced at Rs 899 per company.
• Summary (Company) Financial profiles of 8+ lakh companies with net-worth, revenue, profit, rating, EPFO, and director contact details for instant customer potential assessment and sales decision-making.
• Basic (InstaBasic) Basic company due diligence including Company Master (registration details), Director Master (current & past), and Charges Master (open & satisfied charges) data. Priced at Rs 15 per company for pay-as-you-go access.
• Docs (InstaDocs) Audited financial statements, incorporation documents (MOA & AOA), charge documents, and other public documents from MCA for confident customer/vendor onboarding. Priced at Rs 399 per company.
• Legal (InstaLegal) Legal cases data covering supreme, high, district level courts and various key tribunals (600+ organizations) filed by or against companies to identify legal risk during onboarding. Priced at Rs 699 per company.
• Detailed 3-year detailed financial statements, shareholders, parent/subsidiary companies, related parties, auditors, and charge search report combined with summary data for deeper due diligence.
• StruckOff Company struck-off status verification by name, PAN, or GSTIN to comply with the new MCA disclosure requirement.
• DirectorLegal Legal cases linked to directors covering 600+ courts and tribunals for litigation checks and due diligence. Priced at Rs 299 per director.
• IndividualLegal Legal cases data for individual persons covering courts and tribunals for personal litigation checks.
• InstaCreditReport Automated credit decision report providing credit services history, repayment insights, checkbounce history, wilful defaulter/suit-filed case history, and delinquency reports for corporate credit decisions.
• LLPSummary Financial statements summary, key ratios, and current partner/designated partner contact details for 5+ lakh LLPs, priced at Rs 199 per LLP.
• LLPDocs LLP public documents including incorporation certificate, LLP agreement, audited financials, annual returns, investment forms, charge forms, and other e-forms.
• LLPLegal LLP legal cases API and litigation search with 5-year financials, ownership, related parties, and auditor information. Priced at Rs 499 per LLP.
• LLPBasic LLP MCA data including registration data (status, balance sheet date, address, industry), designated partner master (current & past), and charges master. Priced at Rs 15 per LLP.
• LLPBrisk Financial and business risk product for LLPs delivering advanced analytics and actionable insights, mirroring the company Brisk report for limited liability partnerships.
• InstaAPIs (Company, LLP, Firm & Verification APIs) Programmatic API suite offering JSON/XML-based access to Indian company, LLP, director, MSME, GST, and verification data for data enrichment, KYC pre-filling, credit assessment, and integration into enterprise applications, CRMs, and supply chain systems. Free API key available; enterprise usage-based pricing via direct sales.
• InstaScreener Company screening tool that filters Indian companies by revenue, profit, location, status, category, age, industry, rating, and other attributes to build qualified B2B prospect lists and strengthen the sales funnel.
• Watchout Directory of defaulting companies and directors providing instant access to defaulting information and periodic updates for ongoing counterparty risk monitoring.
• Alerts (InstaAlerts) Change alerts that track filing of statutory forms, company registration changes, directorial and corporate information and deliver updates to the customer's inbox for continuous monitoring.
• WarmLeads Daily email feed of newly registered Indian companies enabling B2B sales teams to reach prospects first as warm leads.
• WhiteLabeled Report White-labeled versions of InstaReports offered to enterprise customers so they can rebrand and distribute corporate intelligence reports under their own brand to clients.
• InstaConverter (XBRL to Excel) Web-based tool that converts XBRL files from MCA annual reports into Excel format and extracts structured financial and key disclosures for analysts, priced at Rs 30 per file conversion.
• DirectorConnect Contact details lookup for 30+ lakh Indian directors using DIN input with instant availability check and data delivery.
• GISTConnect Tool providing access to contact numbers and email IDs associated with any GSTIN, sourced from 1.5+ crore active GSTINs in India.
• CIN2PAN Lookup tool that instantly finds a company's PAN using a valid CIN, with availability verification before purchase for accurate results.
• PAN2CIN Lookup tool that instantly finds a company's CIN using a valid PAN, with availability verification before purchase for accurate results.
• PAN2Udayam Tool that retrieves all Udyam/MSME registration numbers associated with a given vendor PAN for vendor due diligence and compliance verification.
• Mobile2Udayam Tool that retrieves all Udyam/MSME registration numbers associated with a given mobile number for vendor or employee MSME screening.
• PAN2DIN Tool to check whether employees possess a valid Director Identification Number (DIN) issued by MCA, using PAN input with availability check.
• DIN2PAN

Quantifiable outcome

• Reduced business decision time with instant access to company financial and legal data
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Growth Partner ProgramminorGTM or Marketing PartnerPromote offerings on InstaFinancials platform to generate highly quality leads instantly by leveraging platform reach and network. Partners promote their own offerings alongside InstaFinancials products to their customer base.
• Innovation Partner ProgramcoreTechnology or IntegrationEmpower ideas or offerings with extensive and exclusive APIs. Build sustainable competitive advantage using InstaFinancials data infrastructure for building applications and services.
• Sales Partner ProgramcoreChannel Partner/ Reseller/ DistributorPromote InstaFinancials offerings to customers, prospects and network. Earn additional and attractive recurring revenue through referral fees and resales.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Creditsafe: Global business credit report and company information provider with multi-country coverage including India. Directly comparable product (company reports, KYC, API) and subscription/transaction pricing model, though operating at much larger international scale.
• Tofler: Indian corporate intelligence platform providing company search, financial filings, director information, and litigation data on Indian companies. Directly comparable in product scope, target customers (banks, professionals, businesses), and pricing model.
• Zauba Corp: Indian business information platform offering company search, financial statements, director details, and corporate data on companies, LLPs, and directors. Closest direct competitor in Indian corporate intelligence with overlapping freemium and report-based monetization.

Broad incumbents

• TransUnion CIBIL: India's dominant credit bureau providing commercial and consumer credit reports to banks, NBFCs, and financial institutions. Broader incumbent with deeper enterprise reach but narrower focus on traditional credit information versus InstaFinancials' broader corporate intelligence scope.
• CRIF High Mark: Indian credit information bureau offering commercial and consumer credit reports to banks and financial institutions. Incumbent in the same enterprise risk-decisioning category but focused more narrowly on credit reporting than full corporate intelligence.
• CRIF Solutions (India, non-bureau): CRIF's broader business information and decisioning solutions portfolio beyond the bureau, serving Indian and global enterprises with KYC, AML, and corporate data. Comparable in decisioning workflow products but operates as part of a much larger global platform.
• Dun & Bradstreet India: Global business information provider with India operations offering D-U-N-S numbers, business credit reports, and compliance data. Comparable in business intelligence and corporate verification but operates at much larger global scale.

Emerging players

• Karza Technologies: Indian data and verification API provider offering PAN, GST, MCA, CKYC, and watchlist checks for B2B and BFSI use cases. Emerging direct competitor in the API-first entity verification and compliance space.
• Signzy: Indian digital KYC and onboarding infrastructure provider for banks and fintechs using AI and APIs. Overlaps in API-based business verification and onboarding workflows but with stronger video KYC and AI emphasis.
• SurePass: Indian API-first identity, KYC, and business verification platform offering PAN, GST, DIN, and MSME verification. Comparable in API-first verification use cases but newer entrant with narrower entity-verification focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/InstaFinancials
• Facebookfacebook.com/InstaFinancials
• LinkedInlinkedin.com/company/instafinancials

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about InstaFinancials