About AkontoPay
AkontoPay is a Financial Services company based in Noida (India) founded in 2015. It offers secure online payment processing and integration for businesses worldwide. It operates on a B2B model. Its Indian entity Akonto Payment Solutions Private Limited reported revenue of ₹6 Lakh. AkontoPay offers products and services including Payment Aggregator, Payin & Payouts, Whitelabel, Checkout, and Powerful Dashboard. Its focus areas include FinTech, Payment Tech, Payment Gateways and Online Transactions. Its competitors include Tide, Open, Chqbook, ZikZuk and Vanghee and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
Akonto Payment Solution PVT. LTD. delivers secure payment gateways and financial technology to empower businesses. They enable easy integration through APIs and support methods like credit cards, UPI, and net banking. Based in Noida, India, the company simplifies transactions, enhances customer experiences, and ensures compliance with regulations for enterprises of all sizes.
- Headquarters Noida, India
- SectorsFinancial Services
- Email••••••••
- Website akontopay.com
- Legal Name Akonto Payment Solutions Private Limited
- Date of Incorporation 20 Nov, 2015
- Jurisdiction Delhi, India
- Annual Revenue₹6 Lakh
FY 2024 · -99% YoY
- Net Profit₹2.2 Lakh
FY 2024 · 38% margin
- EBITDA₹3.1 Lakh
FY 2024 · 51% margin
Associated legal entities of AkontoPay
AkontoPay is associated with 2 registered companies on The Company Check; the primary company is Akonto Payment Solutions Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Akonto Payment Solutions Private Limited CIN U72200UP2015PTC237582 | Active | 20 Nov 2015 | Delhi, Delhi | ₹0.1 Cr | – | 2 | View details |
| Akonto Payment Solutions Private Limited CIN U72200DL2015PTC287647 | – | 20 Nov 2015 | Delhi, India | – | – | – | View details |
Products & Services of AkontoPay
AkontoPay offers a comprehensive portfolio of products and services, including Payment Aggregator, Payin & Payouts, Whitelabel, Checkout, and Powerful Dashboard.
Aggregates multiple payment methods for seamless transactions.
Handles secure incoming and outgoing payments for businesses.
Provides branded payment platforms for tailored integration.
Enables easy card payments across business platforms.
Offers reports on payments and settlements for decision-making.
Board of directors of Akonto Payment Solutions Private Limited (AkontoPay)
Akonto Payment Solutions Private Limited is the primary company behind AkontoPay. The board of Akonto Payment Solutions Private Limited currently have 2 directors; the longest-serving is Ashish Tyagi, appointed in 2015. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashish Tyagi DIN 03549083 | Director | 20 Nov 2015 | 10 yrs 10 mo | Akonto Payment Solutions Private Limited |
| Abhishek Tyagi DIN 09406239 | Director | 19 Nov 2021 | 4 yrs 10 mo | Akonto Payment Solutions Private Limited |
Financials of AkontoPay
Figures of Akonto Payment Solutions Private Limited, the primary company behind AkontoPay, for FY 2024. Revenue was ₹6 Lakh (-99% year on year). Net profit was ₹2.2 Lakh (38% margin). EBITDA was ₹3.1 Lakh (51% margin). Revenue has grown at a compounded annual rate of -14% over three years.
- ₹6 LakhRevenue · FY 2024 · -99% YoY
- ₹2.2 LakhNet profit · 38% margin
- ₹3.1 LakhEBITDA · 51% margin
- ₹29.4 LakhPaid-up capital
- -14%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Akonto Payment Solutions Private Limited are on its company page.
Detailed financial statements for AkontoPay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of AkontoPay
AkontoPay has 8 listed competitors in our database, 7 of them funded. They include Tide, Open, Chqbook, ZikZuk and Vanghee, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tide.co | 2015 | London, United Kingdom | $180.56M | 1,395 | Tide is recognized as a digital banking platform for businesses. | |
| open.money | 2017 | Bengaluru, India | $232.9M | 267 | A platform is operated for streamlining business payments and invoicing. | |
| chqbook.com | 2017 | Gurugram, India | $12.33M | 2 | Provider of banking, lending, insurance, and transaction management solutions for small businesses | |
| zikzuk.com | 2011 | Hyderabad, India | $1.43M | 443 | Neobanking and business intelligence platforms are offered to SMEs. | |
| vanghee.com | 2016 | Chennai, India | $22,720 | 37 | Digital bank for businesses | |
| tijoree.money | 2020 | Mumbai, India | $2.24M | – | Digital banking services for businesses are provided online. | |
| financekaart.com | 2018 | Lucknow, India | $64,738 | – | AI-driven credit and financial services are provided for small businesses. | |
| bulkpe.in | 2022 | Chennai, India | – | – | Internet-first bank offering digital banking services for businesses |
Detailed competitors of AkontoPay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as AkontoPay (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
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 processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
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, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Frequently Asked Questions about AkontoPay
AkontoPay was founded in 2015.
AkontoPay is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
The primary company behind AkontoPay, Akonto Payment Solutions Private Limited, reported revenue of ₹6 Lakh for FY 2024, down 99% year on year.
Akonto Payment Solution PVT. LTD. delivers secure payment gateways and financial technology to empower businesses. They enable easy integration through APIs and support methods like credit cards, UPI, and net banking. Based in Noida, India, the company simplifies transactions, enhances customer experiences, and ensures compliance with regulations for enterprises of all sizes.
AkontoPay offers Payment Aggregator, Payin & Payouts, Whitelabel, Checkout, and Powerful Dashboard.
AkontoPay operates through Akonto Payment Solutions Private Limited.
The legal entities of AkontoPay currently have 2 directors, including Abhishek Tyagi, Ashish Tyagi.