About CardUp
CardUp is a Financial Services company based in Singapore (Singapore) founded in 2015 by Ramsay Nicola Louise. Large-ticket credit card payments are enabled for reward points earning. CardUp has raised $1.7 million across 3 funding rounds from investors including Peak XV Partners, The FinLab and AMTD ASEAN-Solidarity Fund. Its website cardup.co draws about 108 thousand monthly visits. Its Indian entity Cardup India Private Limited reported revenue of ₹3.53 Cr. The company has since been acquired. CardUp offers products and services including Payment Platform, International Payments, and Payment Collection Tools. Its focus areas include FinTech, Payments, Consumer Payments and Credit Card Enablement Platform.
Company details
CardUp is a platform that facilitates users of credit card holders to make big-ticket payments such as house rent, tuition fees, income tax, etc and get rewarded by earning points. The recipients of the funds dont have to register with the CardUp platform as it uses bank transfers. To offer its service, CardUp needs to develop partnerships with banks and it uses Singapores GIRO network, a way for locals to pay for bills, to facilitate the process. The platform uses Cybersource, a VISA credit card processing company, to take in the information, which has bank-level security and SSL encryption. The platform does not store credit card information and uses tokenization on the backend. CardUp takes a percentage from each transaction which is charged on the persons initiating the transactions. The company was selected as one of 20 finalists participating in the Hackcelerator 2016 at Singapore Fintech Festival. The company is an alumnus of UOBs FinLab accelerator program 2016. The company is reportedly has raised a pre-seed round of financing.
- Indian entity revenue₹3.53 Cr
FY 2022 · +88% YoY
- Indian entity net loss-₹11.5 Lakh
FY 2022 · -3% margin
- Indian entity EBITDA-₹9.8 Lakh
FY 2022 · -3% margin
- Total Equity Funding$1.7M (USD)
in 3 rounds
- InvestorsPeak XV Partners
& 3 more
Associated legal entities of CardUp
CardUp operates through Cardup India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cardup India Private Limited CIN U72200PN2019FTC181323 | Active | 10 Jan 2019 | Pune, Maharashtra | ₹3.5 Cr | 2 | View details |
Products & Services of CardUp
CardUp offers a comprehensive portfolio of products and services, including Payment Platform, International Payments, and Payment Collection Tools.
Enables businesses to make and collect payments for cash flow optimization
Facilitates overseas transfers at real market rates with rewards
Automates invoice processing and credit card acceptance
Funding Insights of CardUp
CardUp has successfully raised a total of $1.7M across 3 strategic funding rounds. 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 $1.7M
- Total Rounds 3
- Investors Count 4
All 3 funding rounds of CardUp 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 |
|---|---|---|---|---|---|
| Sep 2020 | Seed | – | AMTD | – | |
| Mar 2018 | $1.7M | Seed | – | SeedPlus | |
| May 2016 | Seed | – | The FinLab | – |
4 investors in total: 4 institutional.
Investors in CardUp
CardUp has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Peak XV Partners, The FinLab and AMTD ASEAN-Solidarity Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed & early stage tech focused VC firm funding companies in Singapore and India | seedplus.com | Singapore, Singapore | ||
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Business accelerator focused on tech companies | 2015 | thefinlab.com | Singapore, Singapore | |
Financial support is provided to ASEAN FinTech companies. | 2020 | amtdsolidarity.asia | China |
Investor details for CardUp
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 Cardup India Private Limited (CardUp)
Cardup India Private Limited is the primary company behind CardUp. The board of Cardup India Private Limited currently have 2 directors; the longest-serving is Anand Dilip Nirgudkar, appointed in 2019. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anand Dilip Nirgudkar DIN 07188645 | Director | 10 Jan 2019 | 7 yrs 9 mo | Cardup India Private Limited |
| Vikram Mahendrakar Annoji Rao DIN 11435828 | Additional Director | 19 Dec 2025 | 10 mo | Cardup India Private Limited |
People of CardUp
11 people are tracked at CardUp (5 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Ramsay Nicola Louise | Co-Founder | Leadership |
Vikram Negi | CFO | Leadership |
Nicki Ramsay | Founder & CEO | Leadership |
Diana L | Chief Business Development Officer | Leadership |
Junwen Lee | Head of Product | Leadership |
Justin Tan | FI Commercial Partnerships Senior Manager (payments) | Team |
Phoebe Huang | Account Manager | Team |
Jancis Yap | Marketing, Regional Lead (sg, My) | Team |
Jonathan Ng | Business Development | Team |
Xavier Tang | Enterprise Account Team Lead | Team |
Dion Kiu | Business Development | Team |
Complete people profiles for CardUp
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 CardUp
Figures of Cardup India Private Limited, the primary company behind CardUp, for FY 2022. Revenue was ₹3.53 Cr (+88% year on year). Net loss was -₹11.5 Lakh (-3% margin). EBITDA was -₹9.8 Lakh (-3% margin).
- ₹3.53 CrRevenue · FY 2022 · +88% YoY
- -₹11.5 LakhNet loss · -3% margin
- -₹9.8 LakhEBITDA · -3% margin
- ₹10,000Paid-up capital
Balance sheet, profit and loss, cash flow and ratios of Cardup India Private Limited are on its company page.
Detailed financial statements for CardUp
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of CardUp
3 dated milestones of CardUp across 5 years, from founding to its latest funding, stage changes and deals.
- Founded CardUp is founded.
- Funding First funding round.
- Funding Latest funding round, Seed,.
Web traffic of CardUp
The website of CardUp (cardup.co) receives about 107.8K visits a month.
- Monthly visits107.8K
▼ 6.3% vs previous month
Websites whose visitors overlap most with CardUp. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| moneysmart.sg | 100% | #35,935 | View details | ||
| seedly.sg | 78% | 431.8K | #165,340 | View details | |
bankofchina.com | bankofchina.com | 78% | #41,653 | – | |
uob.com.sg | uob.com.sg | 75% | #19,707 | – | |
| dbs.com.sg | 73% | 5.4M | #10,864 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 36 similar websites and full traffic analytics for CardUp
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- 36 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Related news about Cardup
Complete news archive for CardUp
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Frequently Asked Questions about CardUp
CardUp was founded in 2015 and raised its 1st funding round 1 year after it was founded.
CardUp is headquartered in Singapore, Singapore.
CardUp is a funded company, having raised a total of $1.7M across 3 funding rounds to date.
The primary company behind CardUp, Cardup India Private Limited, reported revenue of ₹3.53 Cr for FY 2022, up 88% year on year.
CardUp is a platform that facilitates users of credit card holders to make big-ticket payments such as house rent, tuition fees, income tax, etc and get rewarded by earning points. The recipients of the funds dont have to register with the CardUp platform as it uses bank transfers. To offer its service, CardUp needs to develop partnerships with banks and it uses Singapores GIRO network, a way for locals to pay for bills, to facilitate the process. The platform uses Cybersource, a VISA credit card processing company, to take in the information, which has bank-level security and SSL encryption. The platform does not store credit card information and uses tokenization on the backend. CardUp takes a percentage from each transaction which is charged on the persons initiating the transactions. The company was selected as one of 20 finalists participating in the Hackcelerator 2016 at Singapore Fintech Festival. The company is an alumnus of UOBs FinLab accelerator program 2016. The company is reportedly has raised a pre-seed round of financing.
CardUp offers Payment Platform, International Payments, and Payment Collection Tools.
CardUp has 4 investors. Key investors include Peak XV Partners, The FinLab, AMTD ASEAN-Solidarity Fund, and SeedPlus.
CardUp operates through Cardup India Private Limited.
The legal entities of CardUp currently have 2 directors, including Anand Dilip Nirgudkar, Vikram Mahendrakar Annoji Rao.
The website of CardUp receives about 108 thousand visits a month.