About 42 Card Solutions
42 Card Solutions is a Financial Services company based in Bengaluru (India) founded in 2020 by Suresh Warrier, Madduri Srikant, Gururaja Rao, Sreekanth Anantharaman, and GG Srinivas. It operates as a credit card solution provider for banks and other regulated financial institutions. 42 Card Solutions has raised $8.16 million across 2 funding rounds from investors including SAI360, BLinC Invest and Sparkle Fund. The company has 18 employees. 42 Card Solutions was last valued at $21.96 million in January 2024. Its chief executive is GG Srinivas. Its Indian entity 42 Card Solutions Private Limited reported revenue of ₹22.28 Cr. Its focus areas include FinTech, Payments, Enablers and White Label Solutions. Its competitors include Hyperface; 1 of its 1 listed competitors has raised funding.
Company details
42 Card Solutions was founded in 2020 in Bengaluru, India, focusing on the fintech sector. Credit card outsourcing services are delivered to banks and regulated financial institutions, emphasizing scalability and cost efficiency. Digital and mobile technologies are integrated to support operations. Compliance, regulatory standards, risk management, and fraud prevention are addressed in partnerships. Business performance is enhanced through optimized credit card programs.
- Headquarters Bengaluru, India
- Employees 18
- Founders Suresh Warrier, Madduri Srikant, Gururaja Rao, Sreekanth Anantharaman, GG Srinivas
- Stage Minicorn
- SectorsFinancial Services
- Website 42cards.com
- Social LinkedIn X
- Legal Name 42 Card Solutions Private Limited
- Date of Incorporation 17 Nov, 2020
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹22.28 Cr
FY 2025 · +56% YoY
- Net Loss-₹11.98 Cr
FY 2025
- EBITDA-₹17.05 Cr
FY 2025 · -77% margin
- Total Equity Funding$8.16M (USD)
in 2 rounds
- Latest Funding Round$5.17M (USD), Seed
Jan 2024
- InvestorsSAI360
& 9 more
- Employee Count18
Associated legal entities of 42 Card Solutions
42 Card Solutions operates through 42 Card Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| 42 Card Solutions Private Limited CIN U72900KA2020PTC141127 | Active | 17 Nov 2020 | Bangalore, Karnataka | ₹22.3 Cr | 18 | 3 | View details |
Funding Insights of 42 Card Solutions
42 Card Solutions has successfully raised a total of $8.16M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $5.17 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $8.16M
- Total Rounds 2
- Last Round Seed — $5.17M
- First Round $2.99M
(Jan 2022)
- Investors Count 10
All 2 funding rounds of 42 Card Solutions with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2024 | $5.17M | Seed | $21.96M | Beenext, BLinC Invest | |
| Jan 2022 | $2.99M | Seed | $9.07M | Beenext, SIG Venture Capital |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2024 | $21.96M | •••••••• |
| Jan 2022 | $9.07M | •••••••• |
Last known valuation $21.96M (Jan 2024). 10 investors in total: 7 institutional and 3 angel.
Investors in 42 Card Solutions
42 Card Solutions has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SAI360, BLinC Invest and Sparkle Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital fund | – | beenext.com | Singapore, Singapore | |
Investments in EdTech and FinTech sectors with a focus on technology-driven growth. | 2014 | blincinvest.com | Mumbai, India | |
Investment in technology solutions for finance sectors such as lending and insurance. | 2017 | dmisparklefund.in | New Delhi, India | |
Angel network focused on the fintech sector | 2020 | yatraangelnetwork.com | Mumbai, India | |
Venture capital firm focused on seed and late stage investments | – | sig-asiavc.com | Hong Kong, China | |
- | – | hitechmatrix.tcc.mode | - | |
Cloud and AI-based GRC and EHS software is provided. | 2008 | sai360.com | Chicago, United States | |
MB Madhumita Buddhiraja | - | – | unknown_2b9c6f224bf345ed9 | - |
CJ Chandramouli J | - | – | unknown_7cafab8213ff4509b | - |
AS Ashish Singhal | Co-founder & CEO of CoinSwitch, leading crypto investor, active angel | – | unknown_b8772f4b667c4b7cb | - |
Investor details for 42 Card Solutions
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of 42 Card Solutions Private Limited (42 Card Solutions)
42 Card Solutions Private Limited is the primary company behind 42 Card Solutions. The board of 42 Card Solutions Private Limited currently have 3 directors; the longest-serving is Gouri Srinivas Gorti, appointed in 2020. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gouri Srinivas Gorti DIN 02886769 | Director | 17 Nov 2020 | 5 yrs 10 mo | 42 Card Solutions Private Limited |
| Srikant Madduri DIN 08963447 | Director | 17 Nov 2020 | 5 yrs 10 mo | 42 Card Solutions Private Limited |
| Amit Arvind Ratanpal DIN 02871692 | Director | 08 May 2024 | 2 yrs 5 mo | 42 Card Solutions Private Limited |
People of 42 Card Solutions
5 people are tracked at 42 Card Solutions (5 in leadership); the tracked headcount is 18.
| Name | Role | Group |
|---|---|---|
Suresh Warrier | Co-Founder | Leadership |
| Co-Founder & CTO | Leadership | |
Gururaja Rao | Co-Founder | Leadership |
Sreekanth Anantharaman | Co-Founder | Leadership |
GG Srinivas | Co-Founder & CEO | Leadership |
Complete people profiles for 42 Card Solutions
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of 42 Card Solutions
Figures of 42 Card Solutions Private Limited, the primary company behind 42 Card Solutions, for FY 2025. Revenue was ₹22.28 Cr (+56% year on year). Net loss was -₹11.98 Cr. EBITDA was -₹17.05 Cr (-77% margin). Revenue has grown at a compounded annual rate of +512% over three years.
- ₹22.28 CrRevenue · FY 2025 · +56% YoY
- -₹11.98 CrNet loss
- -₹17.05 CrEBITDA · -77% margin
- ₹16,280Paid-up capital
- 18Employees (provident fund records)
- +512%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of 42 Card Solutions Private Limited are on its company page.
Detailed financial statements for 42 Card Solutions
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of 42 Card Solutions
4 dated milestones of 42 Card Solutions across 4 years, from founding to its latest funding, stage changes and deals.
- Founded 42 Card Solutions is founded.
- Funding First funding round of $3.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $5.2M.
Competitors of 42 Card Solutions
42 Card Solutions has 1 listed competitor in our database, 1 of them funded. They include Hyperface, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hyperface.co | 2021 | Bengaluru, India | $10.3M | 91 | Provider of platform for launching and managing credit card programs |
Detailed competitors of 42 Card Solutions
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Latest news on 42 Card Solutions
Complete news archive for 42 Card Solutions
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Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as 42 Card Solutions (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.06 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about 42 Card Solutions
42 Card Solutions was founded in 2020 and raised its 1st funding round 2 years after it was founded.
42 Card Solutions is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
GG Srinivas is the current CEO of 42 Card Solutions. They have also founded this company.
42 Card Solutions is a funded company, having raised a total of $8.16M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.99M, raised on Jan 2022.
42 Card Solutions has 18 employees.
The primary company behind 42 Card Solutions, 42 Card Solutions Private Limited, reported revenue of ₹22.28 Cr for FY 2025, up 56% year on year.
42 Card Solutions was founded in 2020 in Bengaluru, India, focusing on the fintech sector. Credit card outsourcing services are delivered to banks and regulated financial institutions, emphasizing scalability and cost efficiency. Digital and mobile technologies are integrated to support operations. Compliance, regulatory standards, risk management, and fraud prevention are addressed in partnerships. Business performance is enhanced through optimized credit card programs.
42 Card Solutions's top competitors include Hyperface.
42 Card Solutions has 10 investors. Key investors include SAI360, BLinC Invest, Sparkle Fund, Yatra Angel Network, and Beenext.
The valuation of 42 Card Solutions is $21.96M as of Jan 2024.
42 Card Solutions operates through 42 Card Solutions Private Limited.
The legal entities of 42 Card Solutions currently have 3 directors, including Amit Arvind Ratanpal, Gouri Srinivas Gorti, Srikant Madduri.