About CredoPay
CredoPay is a company based in Chennai (India) founded in 2014 by Dore Swamy and Siva Raja Sekhar Padala. CredoPay has raised $10.24 million across 8 funding rounds from investors including EzSwype, Zent International and Tj Green Energy. The company has 92 employees as of April 05, 2024. CredoPay offers products and services including Neo Banking Solution Platform, Merchant Management System, Omnichannel Payments Processing Platform, and Fraud Risk Management. CredoPay operates in a competitive market with competitors including Infibeam Avenues, REPAY, Incedo, Allied Payment and Clearhaus, among others.
- Headquarter Chennai, India
- Employees 92 as on 05 Apr, 2024
- Founders Dore Swamy, Siva Raja Sekhar Padala
- 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 Credopay Technology Services Private Limited
- Date of Incorporation 29 Jan, 2014
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$2.72 M (USD)18.58as on Mar 31, 2023
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Net Profit
-$630.57 K (USD)-109.15as on Mar 31, 2023
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EBITDA
-$371.61 K (USD)-236.35as on Mar 31, 2023
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Total Equity Funding
$10.24 M (USD)
in 8 rounds
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Latest Funding Round
$5 M (USD), Seed
Mar 09, 2022
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Investors
EzSwype
& 3 more
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Employee Count
92
as on Apr 05, 2024
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Products & Services of CredoPay
CredoPay offers a comprehensive portfolio of products and services, including Neo Banking Solution Platform, Merchant Management System, Omnichannel Payments Processing Platform, and Fraud Risk Management.
Platform for unified payment processing and transaction management.
System for handling merchant portals and multi-channel acquiring.
Platform for secure, device-independent payment orchestration.
Tools to detect and manage risks in financial transactions.
People of CredoPay
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Leadership Team
1 people
Sales and Marketing
1 people
Human Resources and Administration
1 people
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Funding Insights of CredoPay
CredoPay has successfully raised a total of $10.24M across 8 strategic funding rounds. The most recent funding activity was a Seed round of $5 million completed in March 2022. 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.
Investors in CredoPay
CredoPay has secured backing from 4 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include EzSwype, Zent International and Tj Green Energy.
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Single family office venture capital fund backed by GCC business family
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Offers a mobile-based point-of-sale solution for efficient business transactions.
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Investor details for CredoPay
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Investments & Acquisitions by CredoPay
Investment portfolio details for CredoPay
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- Transaction dates
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Financial Statements - CredoPay
Detailed financials for CredoPay
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- Profit trends
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Credopay Comparisons
Peer comparison for CredoPay
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Competitors of CredoPay
CredoPay 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 Infibeam Avenues, REPAY, Incedo, Allied Payment and Clearhaus, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Digital payment solutions and enterprise software platforms are provided.
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Merchant acquiring solutions are provided for businesses to process payments.
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Digital transformation services are provided by Incedo for enterprises.
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Payment processing solutions are offered to banks and credit unions.
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Merchant acquiring solutions are offered for payment processing needs.
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Blockchain-based solutions for financial services are provided by Tassat.
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Detailed competitors of CredoPay
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Latest news on Credopay
Complete news archive for CredoPay
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Frequently Asked Questions about CredoPay
CredoPay was founded in 2014 and raised its 1st funding round 3 years after it was founded.
CredoPay is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Dore Swamy is the current CEO of CredoPay. They have also founded this company.
CredoPay is a funded company, having raised a total of $10.24M across 8 funding rounds to date.
As of Apr 05, 2024, the latest employee count at CredoPay is 92.
Annual revenue of CredoPay is $2.72M as on Mar 31, 2023.
Merchant acquirer payment processing solutions for businesses. Provides one-stop solution for unified acquiring, multi-channel payment processing, and connected banking solutions to banks, neo-banks, payment facilitators, merchant acquirers, fintech companies, and ISOs. Offers support for multiple payment methods like UPI, payment gateway, POS, QR-codes links, and more.
CredoPay's top competitors include REPAY, Infibeam Avenues and Allied Payment.
CredoPay offers Neo Banking Solution Platform, Merchant Management System, Omnichannel Payments Processing Platform, and Fraud Risk Management.
CredoPay has 4 investors. Key investors include EzSwype, Zent International, Tj Green Energy, and Dore Swamy.
The valuation of CredoPay is $8.46M as of Jan 2021.