About Card91
Card91 is a Financial Services company based in Bengaluru (India) founded in 2020 by Vineet Saxena. Provider of payment infrastructure solutions for financial institutions. Card91 has raised $14.19 million across 4 funding rounds from investors including Netcore Cloud, Wellfound and Artha Venture Fund. The company has 51 employees. Card91 was last valued at $69.43 million in November 2021. Its website card91.io draws about 14 thousand monthly visits. Its Indian entity Monepeak Fintech Private Limited reported revenue of ₹5.75 Cr. Card91 offers products and services including Prepaid Forex Cards, Blitz – UPI Switch, Nimbus – Credit Line on UPI, and Optimus – Credit Card Management System. Its focus areas include FinTech, Banking Tech, Open Banking and Banking APIs. Its competitors include M2P Fintech, Falcon and NeoKred; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2020 and based in Bengaluru, India, Card91 operates in the fintech sector. Payment infrastructure is delivered via a modular platform that enables issuance and management of prepaid, debit, credit, and forex cards. Support is extended to credit lines on UPI, UPI switches, and credit card systems. Emphasis is placed on scalability, regulatory compliance, and integration with existing setups, including access control servers and mobile app development kits.
- Annual Revenue₹5.75 Cr
FY 2024 · +63% YoY
- Net Loss-₹24.41 Cr
FY 2024 · -424% margin
- EBITDA-₹24.11 Cr
FY 2024 · -419% margin
- Total Equity Funding$14.19M (USD)
in 4 rounds
- Latest Funding Round$13M (USD), Seed
Nov 2021
- InvestorsNetcore Cloud
& 55 more
- Employee Count51
Associated legal entities of Card91
Card91 operates through Monepeak Fintech 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 |
|---|---|---|---|---|---|---|---|
| Monepeak Fintech Private Limited CIN U72900KA2020PTC131963 | Active | 24 Jan 2020 | Bangalore, Karnataka | ₹5.8 Cr | 51 | 3 | View details |
Products & Services of Card91
Card91 offers a comprehensive portfolio of products and services, including Prepaid Forex Cards, Blitz – UPI Switch, Nimbus – Credit Line on UPI, and Optimus – Credit Card Management System.
Cards for managing foreign exchange transactions securely.
Switch for processing UPI transactions efficiently.
System for credit line management via UPI.
Platform for handling credit card operations.
Funding Insights of Card91
Card91 has successfully raised a total of $14.19M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $13 million completed in November 2021. 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 $14.19M
- Total Rounds 4
- Last Round Seed — $13M
- Investors Count 56
All 4 funding rounds of Card91 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 |
|---|---|---|---|---|---|
| Nov 2021 | $13M | Seed | $69.43M | EMVC, Point72 Ventures | |
| Mar 2021 | $204,440 | Seed | $2.93M | Netcore | |
| Nov 2020 | $988,971 | Seed | $••••• | EMVC | |
| Feb 2020 | Angel Round | $••••• | Shweta Mishra, Shweta Mishra | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2021 | $69.43M | •••••••• |
| Mar 2021 | $2.93M | •••••••• |
| Nov 2020 | $••••• | •••••••• |
Full valuation and stage history of Card91
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $69.43M (Nov 2021). 56 investors in total: 21 institutional and 35 angel.
Investors in Card91
Card91 has secured backing from 56 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Netcore Cloud, Wellfound and Artha Venture Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Fintech venture capital investments in emerging markets, focusing on financial and commerce ecosystems. | 2018 | em.vc | Bengaluru, India | |
Venture capital fund focused on seed to growth stage fintech, deep tech, and enterprise tech companies | p72.vc | New York, United States | ||
Private equity investments in financial services, fintech, healthcare, and healthtech sectors in India. | 2002 | sabre-partners.com | Mumbai, India | |
Investment in retail and financial services technologies. | commerce.vc | |||
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Investments are made in early-stage tech startups across multiple sectors. | headline.com | San Francisco, United States | ||
Venture capital investments in Indian startups across various sectors. | 2017 | artha.vc | Mumbai, India | |
Venture capital firm investing in early & growth stage impact startups | takoma.co | Washington, Dc, United States | ||
Online slot gaming with pulsa deposits in Indonesia. | 2014 | whiteunicornventures.com | Mumbai, India | |
Indian fund focused on fintech, health, and climate initiatives. | rainmatter.com | Bengaluru, India |
Investor details for Card91
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Monepeak Fintech Private Limited (Card91)
Monepeak Fintech Private Limited is the primary company behind Card91. The board of Monepeak Fintech Private Limited currently have 3 directors; the longest-serving is Ajay Pandey, appointed in 2021. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajay Pandey DIN 00738800 | Director | 25 Nov 2021 | 4 yrs 10 mo | Monepeak Fintech Private Limited |
| Ramakrishna Govindacharya Atmakuri DIN 10119761 | Director | 19 Apr 2023 | 3 yrs 6 mo | Monepeak Fintech Private Limited |
| Tanushree Akshay Agarwal DIN 07160692 | Director | 12 Sep 2023 | 3 yrs 1 mo | Monepeak Fintech Private Limited |
People of Card91
25 people are tracked at Card91 (7 in leadership, 18 in team); the tracked headcount is 51.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
Amit B. Shah, CFA | Chief Business Officer | Leadership |
| CEO & Co-founder | Leadership | |
A.G. Ramakrishna | Chief Product Officer | Leadership |
Navneet Kumar | Chief Technology Officer | Leadership |
Puneet Mathur | Chief Information Officer | Leadership |
Shailabh Kothari, CFA | Director | Leadership |
Sacheth Praveen | Software Developer | Team |
Kunal Raj | Engineering Lead | Team |
Vivek Kumar | Senior Program Manager | Team |
Ankit S. | Software Engineer | Team |
Praveen Varghese | Product Manager | Team |
Rajashekar Manda | Software Development Engineer | Team |
Shefali Wagadre | Human Resources Manager | Team |
Lokesh Sadagopan | Lead Engineer | Team |
Pallabi Naskar | Senior Software Developer | Team |
Ritvik R. | Engineering Lead | Team |
Sudharshanan Nandakumar | Back End Developer | Team |
Kavya Priya | Presales Specialist | Team |
Ramkumar P | Senior Executive - Operations | Team |
5 more people are available in the full profile.
Complete people profiles for Card91
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Card91
Figures of Monepeak Fintech Private Limited, the primary company behind Card91, for FY 2024. Revenue was ₹5.75 Cr (+63% year on year). Net loss was -₹24.41 Cr (-424% margin). EBITDA was -₹24.11 Cr (-419% margin). Revenue has grown at a compounded annual rate of +678% over three years.
- ₹5.75 CrRevenue · FY 2024 · +63% YoY
- -₹24.41 CrNet loss · -424% margin
- -₹24.11 CrEBITDA · -419% margin
- ₹1.56 CrPaid-up capital
- 51Employees (provident fund records)
- +678%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Monepeak Fintech Private Limited are on its company page.
Detailed financial statements for Card91
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Card91
4 dated milestones of Card91 across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Card91 is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $13.0M.
Competitors of Card91
Card91 has 3 listed competitors in our database, 3 of them funded. They include M2P Fintech, Falcon and NeoKred.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| m2pfintech.com | 2014 | Chennai, India | $187.79M | 1,144 | Banking, lending, and payment solutions are provided via custom APIs. | |
| falconfs.com | 2012 | Gurugram, India | $9.2M | 78 | A cloud-native platform is provided for next-generation financial products. | |
| neokred.tech | 2019 | Bengaluru, India | $1.13M | 101 | Provider of open banking and payment infrastructure for digital finance solutions |
Detailed competitors of Card91
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Card91
The website of Card91 (card91.io) receives about 14.3K visits a month.
- Monthly visits14.3K
▲ 10.9% vs previous month
Websites whose visitors overlap most with Card91. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| creditcardz.in | 100% | #3,418,734 | View details | ||
| reward360.co | 80% | 7.1K | #2,860,236 | View details | |
| cashfree.com | 70% | 5.8M | #7,665 | View details | |
| thekredible.com | 54% | 42.1K | #602,431 | View details |
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Related news about Card91
Complete news archive for Card91
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Frequently Asked Questions about Card91
Card91 was founded in 2020.
Card91 is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Card91 is a funded company, having raised a total of $14.19M across 4 funding rounds to date.
Card91 has 51 employees.
The primary company behind Card91, Monepeak Fintech Private Limited, reported revenue of ₹5.75 Cr for FY 2024, up 63% year on year.
Founded in 2020 and based in Bengaluru, India, Card91 operates in the fintech sector. Payment infrastructure is delivered via a modular platform that enables issuance and management of prepaid, debit, credit, and forex cards. Support is extended to credit lines on UPI, UPI switches, and credit card systems. Emphasis is placed on scalability, regulatory compliance, and integration with existing setups, including access control servers and mobile app development kits.
Card91's top competitors include Falcon, M2P Fintech and NeoKred.
Card91 offers Prepaid Forex Cards, Blitz – UPI Switch, Nimbus – Credit Line on UPI, and Optimus – Credit Card Management System.
Card91 has 56 investors. Key investors include Netcore Cloud, Wellfound, Artha Venture Fund, EMVC, and White Unicorn Ventures.
The valuation of Card91 is $69.43M as of Nov 2021.
Card91 operates through Monepeak Fintech Private Limited.
The legal entities of Card91 currently have 3 directors, including Ajay Pandey, Ramakrishna Govindacharya Atmakuri, Tanushree Akshay Agarwal.