Codfirm

India Founded: 2020 • Age: 6 yrs
Reduces COD fraud and returns for e-commerce businesses using verification and payments.

About Codfirm

Codfirm is a company based in India founded in 2020 by Sumit Jha and Hriday Agarwal. It operates as a B2B and SaaS. Codfirm offers products and services including CODFIRM App, OTP Based COD, COD to Prepaid Converter, Order Notifications, and Abandoned Cart Recovery. Codfirm operates in a competitive market with competitors including Wonderment, Satellitesitetesting, Extra Verification, Smart Order Notifications and Aero Apps, among others.

  • Headquarter India
  • Founders Sumit Jha, Hriday Agarwal
  • Sectors
    Financial Services
    Technology
  • Website codfirm.in
  • Social LinkedIn
  • Legal Name Dollapee Private Limited
  • Date of Incorporation 05 Jul, 2016
  • Jurisdiction Gurgaon, Haryana, India
Key Metrics
  • Annual Revenue
    ₹1.70 Cr

    FY 2023 · +179% YoY

  • Net Profit
    ₹11.7 Lakh

    FY 2023 · 7% margin

  • EBITDA
    ₹59.2 Lakh

    FY 2023 · 35% margin

Products & Services of Codfirm

Codfirm offers a comprehensive portfolio of products and services, including CODFIRM App, OTP Based COD, COD to Prepaid Converter, Order Notifications, and Abandoned Cart Recovery.

CODFIRM App
Fraud Detection Platform

Prevents COD returns and detects fraudulent orders for retailers.

OTP Based COD
Order Confirmation Tool

Verifies orders using one-time passwords to reduce errors.

COD to Prepaid Converter
Payment Conversion Service

Converts COD orders to prepaid for faster settlements.

Order Notifications
Communication Tool

Sends updates via SMS and WhatsApp for order tracking.

Abandoned Cart Recovery
Retention Feature

Recovers lost sales by reminding users of unfinished orders.

Board of directors of Dollapee Private Limited (Codfirm)

Dollapee Private Limited is the primary company behind Codfirm. The board of Dollapee Private Limited currently have 2 directors; the longest-serving is Hriday Arvindbhai Agarwal, appointed in 2016. 2 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Hriday Arvindbhai Agarwal
DIN 07538016
Director05 Jul 201610 yrs 3 moDollapee Private Limited
Punit Pawan
DIN 10045171
Director21 Feb 20233 yrs 7 moDollapee Private Limited

People of Codfirm

2 people are tracked at Codfirm (2 in leadership).

NameRoleGroup
Sumit Jha
Co-FounderLeadership
Co-FounderLeadership
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Financials of Codfirm

Figures of Dollapee Private Limited, the primary company behind Codfirm, for FY 2023. Revenue was ₹1.70 Cr (+179% year on year). Net profit was ₹11.7 Lakh (7% margin). EBITDA was ₹59.2 Lakh (35% margin). Revenue has grown at a compounded annual rate of +3964% over three years and +569% over five years.

  • ₹1.70 CrRevenue · FY 2023 · +179% YoY
  • ₹11.7 LakhNet profit · 7% margin
  • ₹59.2 LakhEBITDA · 35% margin
  • ₹4 LakhPaid-up capital
  • +3964%Revenue CAGR, 3 years
  • +569%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Dollapee Private Limited are on its company page.

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Detailed financial statements for Codfirm

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Competitors of Codfirm

Codfirm 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 Wonderment, Satellitesitetesting, Extra Verification, Smart Order Notifications and Aero Apps, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
wonderment.com2020Boston, United States$6.03M24
Order tracking solutions are provided for eCommerce businesses.
satellitesitetesting.online2024Ruse, Bulgaria––
Delivers tracking solutions for Shopify businesses to optimize deliveries.
extraverification.com2019Kitchener, Canada––
Online platform selling home appliances, groceries, fashion, and electronics in Uganda.
smartordernotifications.com2020Toronto, Canada––
Automates rule-based order notifications for Shopify e-commerce merchants.
aeroapps.xyz2018India––
Develops extension tools to enhance functionality for Shopify stores.
ongkiro.com2019–––
Offers automatic shipping cost calculation and tracking for Indonesian e-commerce.
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Similar companies to Codfirm

10 companies that operate in the same segment as Codfirm (Payments & Remittance Platforms), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Digital payments, financial services, and e-commerce platforms are provided.
2000Noida, Uttar Pradesh, IndiaUSD 4.14 B––
Payment, financial, investment, and lending services are provided digitally.
2012Bengaluru, Karnataka, IndiaUSD 1.71 B––
Payment processing and card issuance solutions are provided for businesses.
2009San Francisco, California, United StatesUSD 9.81 B––
Cloud-based accounts payable and receivable software for businesses
2006Palo Alto, California, United StatesUSD 325.6 MUSD 1.65 B2,360
Payment and business banking solutions are provided for enterprises.
2014Bengaluru, Karnataka, IndiaUSD 742 MUSD 302.19 M2,641
Spend management and accounts payable solutions are delivered to businesses.
2019New York, New York, United StatesUSD 3.21 B––
Payment acceptance and processing solutions provider for businesses
2018Gurugram, Haryana, IndiaUSD 604.02 MUSD 179.52 M709
Business spends, payments, and rewards are streamlined by automated workflows.
2011Hyderabad, Telangana, IndiaUSD 13.75 MUSD 149.43 M431
Online payment processing and credit solutions are provided for businesses.
2002Amsterdam, NetherlandsUSD 35.15 MUSD 5.47 B1,200
SaaS-driven credit card and spend management solutions platform for businesses
2017Draper, Utah, United StatesUSD 1.16 B–1
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Frequently Asked Questions about Codfirm

Codfirm was founded in 2020.

Codfirm is headquartered in India.

The primary company behind Codfirm, Dollapee Private Limited, reported revenue of β‚Ή1.70 Cr for FY 2023, up 179% year on year.

CODFIRM is a SaaS platform that helps e-commerce brands on Shopify minimize Cash on Delivery returns by detecting fraud, confirming orders with OTP, and converting them to prepaid payments. It offers features like order notifications via SMS and WhatsApp, abandoned cart recovery, and seamless UPI integration. The tool supports businesses in managing high-volume orders, as evidenced by testimonials from brands like Sleepy Owl and Captain Zack, enhancing profitability and customer experience without specifying a fixed location.

Codfirm's top competitors include Wonderment, Aero Apps and Satellitesitetesting.

Codfirm offers CODFIRM App, OTP Based COD, COD to Prepaid Converter, Order Notifications, and Abandoned Cart Recovery.

Codfirm operates through Dollapee Private Limited.

The legal entities of Codfirm currently have 2 directors, including Punit Pawan, Hriday Arvindbhai Agarwal.

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