About Backspace Tech
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Backspace Tech is a company based in Chennai (India) founded in 2020 by Vijayan Vishwanath, Karthick Sivaram V, and Praveen Krishna Dev. Backspace Tech has raised $450 thousand across 1 funding round from investors including Swan Dewatering Systems, Finana Partner and Krishna Dev K. Backspace Tech offers products and services including UDM for Issuers, UDM for Acquirers, and UDM for Payment Gateway. Backspace Tech operates in a competitive market with competitors including Ravelin Technology, Justt, Accertify, Ethoca and FUGU, among others.
- Headquarter Chennai, India
- Founders Vijayan Vishwanath, Karthick Sivaram V, Praveen Krishna Dev
- Stage Minicorn
- SectorsFinancial Services
- EmailLocked
- PhoneLocked
- WebsiteLocked
- SocialLocked
- Legal Name Backspace Tech India Private Limited
- Date of Incorporation 05 Sep, 2020
- Jurisdiction Chennai, Tamil Nadu, India
- Annual RevenueNot available
- Net Profit-$488.59 (USD)0as on Mar 31, 2022
- EBITDA-$240.32 (USD)0as on Mar 31, 2022
- Total Equity Funding$450 K (USD)
in 1 rounds
- Latest Funding Round$450 K (USD), Seed
Jul 13, 2022
- InvestorsSwan Dewatering Systems
& 22 more
- Employee CountNot available
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Products & Services of Backspace Tech
Backspace Tech offers a comprehensive portfolio of products and services, including UDM for Issuers, UDM for Acquirers, and UDM for Payment Gateway.
Platform for unified dispute handling for issuing banks.
Software to manage chargebacks for acquiring institutions.
Tool for resolving disputes in payment processing systems.
Funding Insights of Backspace Tech
Backspace Tech has successfully raised a total of $450K through 1 strategic funding round. The most recent funding activity was a Seed round of $450 thousand completed in July 2022. 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.
Investors in Backspace Tech
Backspace Tech has secured backing from 23 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Swan Dewatering Systems, Finana Partner and Krishna Dev K.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on multiple sectors | Locked | Locked | Locked | |
Dewatering services for residential, commercial, and infrastructure projects in India. | Locked | Locked | Locked | |
KD Krishna Dev K | - | Locked | Locked | Locked |
Investor details for Backspace Tech
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Investments & Acquisitions by Backspace Tech
Investment portfolio details for Backspace Tech
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Financial Statements - Backspace Tech
Detailed financials for Backspace Tech
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Backspace Tech Comparisons
Peer comparison for Backspace Tech
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Competitors of Backspace Tech
Backspace Tech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ravelin Technology, Justt, Accertify, Ethoca and FUGU, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked | AI-based fraud detection and prevention solutions are provided for transactions. | |
| Locked | Locked | Locked | AI-powered chargeback automation and fraud detection platform for online merchants | |
| Locked | Locked | Locked | Fraud prevention tools are delivered for online and card-not-present transactions. | |
| Locked | Locked | Locked | Fraud protection solutions for omnichannel retailers | |
| Locked | Locked | Locked | Fraud protection and chargeback solutions are offered to businesses. | |
| Locked | Locked | Locked | Chargehound is focused on automating credit card dispute processes. |
Detailed competitors of Backspace Tech
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Latest news on Backspace Tech
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Frequently Asked Questions about Backspace Tech
Backspace Tech was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Backspace Tech is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Praveen Krishna Dev is the current CEO of Backspace Tech. They have also founded this company.
Backspace Tech is a funded company, having raised a total of $450K across 1 funding round to date.
Backspace Tech was founded in 2020 in Chennai, India, focusing on fintech solutions for the payments sector. Software is offered to handle disputes and chargebacks through automated case assignment, configurable workflows, and real-time case tracking. Integration with payment systems is supported, along with a unified view of dispute data. Pre-defined rules are enabled to facilitate resolution, serving issuers, acquirers, and gateways while ensuring adherence to service level agreements.
Backspace Tech's top competitors include Ravelin Technology, Justt and Ethoca.
Backspace Tech offers UDM for Issuers, UDM for Acquirers, and UDM for Payment Gateway.
Backspace Tech has 23 investors. Key investors include Swan Dewatering Systems, Finana Partner, Krishna Dev K, Siva Priya M, and Brindha C.
The valuation of Backspace Tech is $3.34M as of Jul 2022.