About Acemoney
Acemoney is a Financial Services company based in Kochi (India) founded in 2020 by Jimmin James Kurichiyil and Nimisha Joseph Vadakkan, and was acquired by Radiant Cash Management in November 2023. Payment processing is facilitated through agents and digital channels. Its chief executive, as recorded, is Nimisha Joseph Vadakkan. Its website acemoney.in draws about 27 thousand monthly visits. Its focus areas include FinTech, Payments, Business Payments and Agent Based Payments. Its competitors include Dvara KGFS, Pay Point India and Kaleidofin; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2020 and based in Kochi, India, operations in the fintech sector are conducted by Acemoney. Services encompass UPI, QR codes, POS devices, micro ATMs, AEPS, DMT, bill payments, recharges, mobile apps for billing, payment collection tools, wallets, prepaid cards, gateways, wearable accessories, and digital utilities. Applications are provided on Android and iOS platforms for user access.
- Headquarters Kochi, India
- Founders Jimmin James Kurichiyil, Nimisha Joseph Vadakkan
- Stage Acquired
- SectorsFinancial Services
- Phone•••• ••••
- Website acemoney.in
- Social LinkedIn Facebook Instagram
- Acquired by Radiant Cash Management (Nov 2023)
- Investors
- Acquired byRadiant Cash Management
(Nov 2023)
Associated legal entities of Acemoney
Acemoney is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Acemoney Payment Solution Private Limited CIN U67200KL2023PTC079930 | Under Process Of Striking Off | 11 Jan 2023 | Kanayannur, Kerala | 2 | View details | ||
| Aceware Fintech Services Private Limited CIN U72200KL2020PTC064973 | Active | 12 Oct 2020 | Ernakulam, Kerala | ₹24.1 Cr | 42 | 9 | View details |
Apps and channels of Acemoney
Acemoney publishes 1 mobile app with over 50K+ downloads.
Investors in Acemoney
Acemoney has secured backing from 1 investor. Prominent investors backing the company include Radiant Cash Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Global cash logistics and private security services are offered. | 2005 | radiantcashservices.com | Chennai, India |
Investor details for Acemoney
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Board of directors of Acemoney
The boards of the 2 registered companies of Acemoney currently have 7 directors; the longest-serving is Jimmin James Kurichiyil, appointed in 2023. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jimmin James Kurichiyil DIN 03445734 | Managing Director | 11 Jan 2023 | 3 yrs 9 mo | Acemoney Payment Solution Private Limited, Aceware Fintech Services Private Limited |
| Nimisha Joseph Vadakkan DIN 08914798 | Director | 11 Jan 2023 | 3 yrs 9 mo | Acemoney Payment Solution Private Limited, Aceware Fintech Services Private Limited |
| David Alexander DIN 08259288 | Director | 01 Dec 2023 | 2 yrs 10 mo | Aceware Fintech Services Private Limited |
| Shashank Narayan Naidu DIN 10405187 | Director | 01 Dec 2023 | 2 yrs 10 mo | Aceware Fintech Services Private Limited |
| Ashok Kumar Sarangi DIN 09041162 | Director | 28 Mar 2024 | 2 yrs 6 mo | Aceware Fintech Services Private Limited |
| Devraj Anbu DIN 09295593 | Director | 28 Mar 2024 | 2 yrs 6 mo | Aceware Fintech Services Private Limited |
| Charles Francis Xavier DIN 10633910 | Director | 21 May 2024 | 2 yrs 5 mo | Aceware Fintech Services Private Limited |
People of Acemoney
13 people are tracked at Acemoney (8 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Aleena Mathew | Assistant Vice President Communications | Leadership |
Unni K S | Chief Technology Officer | Leadership |
| Founder And Executive Director | Leadership | |
Sunder Fernando | Chief Financial Officer | Leadership |
Unni Krishnan | Head Of Sales | Leadership |
Sebastian Xavier | Vice President | Leadership |
Sharon N S | Product Manager | Team |
Aswanth K. | Mern-stack Developer | Team |
Harigovind M | Marketing Intern | Team |
Neethu Prasad | Project Manager | Team |
Muhammed Naseef | Android Developer | Team |
Complete people profiles for Acemoney
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Financials of Acemoney
Figures of Aceware Fintech Services Private Limited, the primary company behind Acemoney, for FY 2025. Revenue was ₹24.07 Cr (+592% year on year). Net profit was ₹1.38 Cr (6% margin). EBITDA was ₹4.47 Cr (19% margin). Revenue has grown at a compounded annual rate of +259% over three years.
- ₹24.07 CrRevenue · FY 2025 · +592% YoY
- ₹1.38 CrNet profit · 6% margin
- ₹4.47 CrEBITDA · 19% margin
- ₹14.80 CrPaid-up capital
- 42Employees (provident fund records)
- +259%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Aceware Fintech Services Private Limited are on its company page.
Detailed financial statements for Acemoney
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Timeline of Acemoney
2 dated milestones of Acemoney across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Acemoney is founded.
- Exit Acquired by Radiant Cash Management.
Competitors of Acemoney
Acemoney has 3 listed competitors in our database, 3 of them funded. They include Dvara KGFS, Pay Point India and Kaleidofin.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dvarakgfs.com | 2008 | Chennai, India | $43.71M | 4,134 | Loans for consumers and SMEs are provided alongside financial services. | |
| paypointindia.com | 2007 | Mumbai, India | $7.74M | 346 | Digital financial and retail services are provided via agent networks. | |
| kaleidofin.com | 2017 | Chennai, India | $47.39M | 141 | Provider of financial technology solutions for inclusive lending |
Detailed competitors of Acemoney
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Web traffic of Acemoney
The website of Acemoney (acemoney.in) receives about 27K visits a month.
- Monthly visits27K
▼ 37.4% vs previous month
Websites whose visitors overlap most with Acemoney. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
mail.google.com | mail.google.com | 100% | – | ||
| paybizzindia.com | 88% | 1.3K | #10,937,500 | View details | |
| acepay.co.in | 87% | View details | |||
moneypro.co.in | moneypro.co.in | 84% | #636,004 | – | |
| nitspay.com | 82% | 3.8K | #4,579,901 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Acemoney
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- 8 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Acemoney (Payments & Remittance Platforms) in India, 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 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Acemoney
Complete news archive for Acemoney
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Frequently Asked Questions about Acemoney
Acemoney was founded in 2020.
Acemoney is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.
Nimisha Joseph Vadakkan is the CEO of Acemoney, as recorded in our data. They have also founded this company.
Founded in 2020 and based in Kochi, India, operations in the fintech sector are conducted by Acemoney. Services encompass UPI, QR codes, POS devices, micro ATMs, AEPS, DMT, bill payments, recharges, mobile apps for billing, payment collection tools, wallets, prepaid cards, gateways, wearable accessories, and digital utilities. Applications are provided on Android and iOS platforms for user access.
Acemoney's top competitors include Pay Point India, Kaleidofin and Dvara KGFS.
Acemoney has 1 investor. Key investors include Radiant Cash Management.
Acemoney is associated with 2 legal entities: Acemoney Payment Solution Private Limited, Aceware Fintech Services Private Limited.
Yes. Acemoney was acquired by Radiant Cash Management in November 2023.
The legal entities of Acemoney currently have 9 directors, including Jimmin James Kurichiyil, Nimisha Joseph Vadakkan, David Alexander and others.
Yes. Acemoney publishes Acemoney Business, with over 50,000 downloads.