About BizPay
BizPay is a Technology company based in Navi Mumbai (India) founded in 2021 by Mikdad Merchant. Expense management solutions are delivered via a software platform. It operates on a SaaS (Software-as-a-Service) and FinTech model in Technology, Travel & Hospitality, and Financial Services sectors. The company has 1 employees. Its chief executive, as recorded, is Mikdad Merchant. Its Indian entity Inscite Fintech Solutions Private Limited reported revenue of ₹7.8 Lakh. BizPay offers products and services including BizPay Expense Management Software, Corporate Prepaid Cards, and UPI Enabled Wallet. Its focus areas include Financial Technology and Expense Management Software. Its competitors include Zaggle, Karbon and Happay; 3 of its 3 listed competitors have raised funding.
Company details
BizPay is established as a provider of next-generation digital wallet and expense management software solutions for businesses. Services are offered across various sectors including construction, logistics, retail, and non-profits. Comprehensive tools for expense tracking, corporate prepaid cards, and UPI-enabled wallets are provided. Budget control, real-time analytics, and seamless integration with enterprise systems are facilitated to streamline corporate spending. Automation and customization of expense management processes are supported to enhance efficiency for diverse business needs.
- Headquarters Navi Mumbai, India
- Employees 1
- Founders Mikdad Merchant
- SectorsTechnologyTravel & Hospitality Financial Services
- Email••••••••
- Phone•••• ••••
- Website bizpay.co.in
- Social LinkedIn X Facebook Instagram
- Legal Name Inscite Fintech Solutions Private Limited
- Date of Incorporation 11 Sep, 2021
- Jurisdiction Navi Mumbai, Maharashtra, India
- Annual Revenue₹7.8 Lakh
FY 2024 · +206% YoY
- Net Loss-₹40.9 Lakh
FY 2024 · -522% margin
- EBITDA-₹40.2 Lakh
FY 2024 · -512% margin
- Investors
- Employee Count1
Associated legal entities of BizPay
BizPay operates through Inscite Fintech Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Inscite Fintech Solutions Private Limited CIN U72900MH2021PTC367350 | Active | 11 Sep 2021 | Navi Mumbai, Maharashtra | ₹0.1 Cr | 4 | View details |
Products & Services of BizPay
BizPay offers a comprehensive portfolio of products and services, including BizPay Expense Management Software, Corporate Prepaid Cards, and UPI Enabled Wallet.
Expense management software for businesses is provided by BizPay.
Corporate prepaid cards for businesses are offered by BizPay.
UPI enabled digital wallets are provided for business transactions.
Funding Insights of BizPay
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of BizPay 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 |
|---|---|---|---|---|---|
| Aug 2023 | Seed | – | Inflection Point Ventures | – |
1 investors in total: 1 institutional.
Investors in BizPay
BizPay has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include IP Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India |
Investor details for BizPay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Inscite Fintech Solutions Private Limited (BizPay)
Inscite Fintech Solutions Private Limited is the primary company behind BizPay. The board of Inscite Fintech Solutions Private Limited currently have 4 directors; the longest-serving is Mikdad Merchant Saleem, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mikdad Merchant Saleem DIN 06592845 | Director | 11 Sep 2021 | 5 yrs 2 mo | Inscite Fintech Solutions Private Limited |
| Huzefa Salim Merchant DIN 02071651 | Director | 11 Sep 2021 | 5 yrs 2 mo | Inscite Fintech Solutions Private Limited |
| Munira Salimbhai Merchant DIN 00238443 | Director | 11 Sep 2021 | 5 yrs 2 mo | Inscite Fintech Solutions Private Limited |
| Saleem Shabbir Merchant DIN 00238277 | Director | 11 Sep 2021 | 5 yrs 2 mo | Inscite Fintech Solutions Private Limited |
People of BizPay
1 people are tracked at BizPay (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for BizPay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of BizPay
Figures of Inscite Fintech Solutions Private Limited, the primary company behind BizPay, for FY 2024. Revenue was ₹7.8 Lakh (+206% year on year). Net loss was -₹40.9 Lakh (-522% margin). EBITDA was -₹40.2 Lakh (-512% margin).
- ₹7.8 LakhRevenue · FY 2024 · +206% YoY
- -₹40.9 LakhNet loss · -522% margin
- -₹40.2 LakhEBITDA · -512% margin
- ₹2.7 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Inscite Fintech Solutions Private Limited are on its company page.
Detailed financial statements for BizPay
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
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Timeline of BizPay
2 dated milestones of BizPay across 2 years, from founding to its latest funding, stage changes and deals.
- Founded BizPay is founded.
- Funding First funding round.
Competitors of BizPay
BizPay has 3 listed competitors in our database, 3 of them funded. They include Zaggle, Karbon and Happay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zaggle.in | 2011 | Hyderabad, India | $13.75M | 440 | Business spends, payments, and rewards are streamlined by automated workflows. | |
| karboncard.com | 2019 | Bengaluru, India | $30.2M | 142 | International payment and corporate expense solutions are offered to businesses. | |
| happay.com | 2012 | Bengaluru, India | $22.35M | 225 | Expense management software and corporate cards are offered to businesses. |
Detailed competitors of BizPay
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.
Web traffic of BizPay
The website of BizPay (bizpay.co.in) receives about 2.9K visits a month.
- Monthly visits2.9K
▲ 92.2% vs previous month
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Related news about Bizpay
Complete news archive for BizPay
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- Full article archive
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Frequently Asked Questions about BizPay
BizPay was founded in 2021 and raised its 1st funding round 2 years after it was founded.
BizPay is headquartered in Navi Mumbai, India. It is registered at Navi Mumbai, Maharashtra, India.
Mikdad Merchant is the CEO of BizPay, as recorded in our data. They have also founded this company.
BizPay has 1 employees.
The primary company behind BizPay, Inscite Fintech Solutions Private Limited, reported revenue of ₹7.8 Lakh for FY 2024, up 206% year on year.
BizPay is established as a provider of next-generation digital wallet and expense management software solutions for businesses. Services are offered across various sectors including construction, logistics, retail, and non-profits. Comprehensive tools for expense tracking, corporate prepaid cards, and UPI-enabled wallets are provided. Budget control, real-time analytics, and seamless integration with enterprise systems are facilitated to streamline corporate spending. Automation and customization of expense management processes are supported to enhance efficiency for diverse business needs.
BizPay offers BizPay Expense Management Software, Corporate Prepaid Cards, and UPI Enabled Wallet.
BizPay has 1 investor. Key investors include IP Ventures.
BizPay operates through Inscite Fintech Solutions Private Limited.
The legal entities of BizPay currently have 4 directors, including Mikdad Merchant Saleem, Huzefa Salim Merchant, Munira Salimbhai Merchant and others.