About Card91
Card91 is a company based in Bengaluru (India) founded in 2020 by Vineet Saxena. 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 as of April 03, 2024. Card91 offers products and services including Prepaid Forex Cards, Blitz – UPI Switch, Nimbus – Credit Line on UPI, and Optimus – Credit Card Management System. Card91 operates in a competitive market with competitors including Zeta, M2P Fintech, Falcon, NeoKred and Prime Trust, among others.
- Headquarter Bengaluru, India
- Employees 51 as on 03 Apr, 2024
- Founders Vineet Saxena
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Monepeak Fintech Private Limited
- Date of Incorporation 24 Jan, 2020
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$423.74 K (USD)3333.46as on Mar 31, 2023
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Net Profit
-$4.27 M (USD)-132.08as on Mar 31, 2023
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EBITDA
-$4.17 M (USD)-161.51as on Mar 31, 2023
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Total Equity Funding
$14.19 M (USD)
in 4 rounds
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Latest Funding Round
$13 M (USD), Seed
Nov 25, 2021
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Investors
Netcore Cloud
& 55 more
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Employee Count
51
as on Apr 03, 2024
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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.
People of Card91
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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 Total Funding
- Total Rounds 4
- Last Round Seed — $13.0M
- First Round First Round
- Investors Count 56
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - Card91 | Valuation | EMVC , Point72 Ventures | |
| Mar, 2021 | Amount | Seed - Card91 | Valuation | Netcore | |
| Nov, 2020 | Amount | Seed - Card91 | Valuation | EMVC |
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 |
|---|---|---|---|---|
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Fintech venture capital investments in emerging markets, focusing on financial and commerce ecosystems.
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Founded Year | Domain | Location | |
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Venture capital fund focused on seed to growth stage fintech, deep tech, and enterprise tech companies
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Founded Year | Domain | Location | |
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Private equity investments in financial services, fintech, healthcare, and healthtech sectors in India.
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Founded Year | Domain | Location |
Investments & Acquisitions by Card91
Financial Statements - Card91
Card91 Comparisons
Competitors of Card91
Card91 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 Zeta, M2P Fintech, Falcon, NeoKred and Prime Trust, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment and banking solutions are provided to users and banks.
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| domain | founded_year | HQ Location |
Banking, lending, and payment solutions are provided via custom APIs.
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| domain | founded_year | HQ Location |
A cloud-native platform is provided for next-generation financial products.
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| domain | founded_year | HQ Location |
Provider of open banking and payment infrastructure for digital finance solutions
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| domain | founded_year | HQ Location |
Cloud-based AML and banking API solutions are provided for institutions.
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| domain | founded_year | HQ Location |
Identity verification, employee screening, and due diligence platforms are provided.
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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. The company's 1st funding round was a Seed of $988.97K, raised on Feb 12, 2020.
As of Apr 03, 2024, the latest employee count at Card91 is 51.
Annual revenue of Card91 is $423.74K as on Mar 31, 2023.
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 Zeta, Falcon and M2P Fintech.
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.