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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Seed — $5.0M
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First Round
First Round
(19 Jun 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Seed - CredoPay | Valuation | EzSwype | |
| Jan, 2021 | Amount | Seed - CredoPay | Valuation | Tj Green Energy |
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| Sep, 2020 | Amount | Seed - CredoPay | Valuation | EzSwype |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Single family office venture capital fund backed by GCC business family
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Founded Year | Domain | Location | |
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Offers a mobile-based point-of-sale solution for efficient business transactions.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CredoPay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CredoPay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Credopay Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital payment solutions and enterprise software platforms are provided.
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| domain | founded_year | HQ Location |
Merchant acquiring solutions are provided for businesses to process payments.
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| domain | founded_year | HQ Location |
Digital transformation services are provided by Incedo for enterprises.
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| domain | founded_year | HQ Location |
Payment processing solutions are offered to banks and credit unions.
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| domain | founded_year | HQ Location |
Merchant acquiring solutions are offered for payment processing needs.
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| domain | founded_year | HQ Location |
Blockchain-based solutions for financial services are provided by Tassat.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Credopay
Frequently Asked Questions about CredoPay
When was CredoPay founded?
CredoPay was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is CredoPay located?
CredoPay is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of CredoPay?
Dore Swamy is the current CEO of CredoPay. They have also founded this company.
Is CredoPay a funded company?
CredoPay is a funded company, having raised a total of $10.24M across 8 funding rounds to date. The company's 1st funding round was a Seed of $1.22M, raised on Jun 19, 2017.
How many employees does CredoPay have?
As of Apr 05, 2024, the latest employee count at CredoPay is 92.
What is the annual revenue of CredoPay?
Annual revenue of CredoPay is $2.72M as on Mar 31, 2023.
What does CredoPay do?
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.
Who are the top competitors of CredoPay?
CredoPay's top competitors include REPAY, Infibeam Avenues and Allied Payment.
What products or services does CredoPay offer?
CredoPay offers Neo Banking Solution Platform, Merchant Management System, Omnichannel Payments Processing Platform, and Fraud Risk Management.
Who are CredoPay's investors?
CredoPay has 4 investors. Key investors include EzSwype, Zent International, Tj Green Energy, and Dore Swamy.
What is CredoPay's valuation?
The valuation of CredoPay is $8.46M as of Jan 2021.