About Electronic Payment and Services
Electronic Payment and Services is a company based in Mumbai (India) founded in 2011 by Mamallan Mani and Sanjay Kapoor.. Electronic Payment and Services has raised $43.69 million across 4 funding rounds from investors including FMO, CISB and Apis Partners. The company has 231 employees as of April 07, 2024. Electronic Payment and Services has completed 1 acquisition, including CISB. Electronic Payment and Services offers products and services including ATM Solutions, Digital Payments, EFT Switching Solution, UPI Switching Services, and MSME Digital Platform. Electronic Payment and Services operates in a competitive market with competitors including Razorpay, Flutterwave, Pine Labs, HighRadius and Socure, among others.
- Headquarter Mumbai, India
- Employees 231 as on 07 Apr, 2024
- Founders Mamallan Mani, Sanjay Kapoor
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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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 Electronic Payment And Services Private Limited
- Date of Incorporation 29 Sep, 2011
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$54.06 M (USD)31.06as on Mar 31, 2023
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Net Profit
$2.65 M (USD)6163.96as on Mar 31, 2023
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EBITDA
$8.67 M (USD)88.33as on Mar 31, 2023
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Total Equity Funding
$43.69 M (USD)
in 4 rounds
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Latest Funding Round
$25 M (USD), Series C
Jan 19, 2016
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Investors
FMO
& 3 more
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Employee Count
231
as on Apr 07, 2024
- Investments & Acquisitions
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Products & Services of Electronic Payment and Services
Electronic Payment and Services offers a comprehensive portfolio of products and services, including ATM Solutions, Digital Payments, EFT Switching Solution, UPI Switching Services, and MSME Digital Platform. 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.
Provides end-to-end ATM outsourcing and managed services for banks
Offers card management and EFT switching for secure transactions
Facilitates electronic fund transfers and payment reconciliation
Enables unified payments interface for instant transactions
Supports micro, small, and medium enterprises with digital tools
Funding Insights of Electronic Payment and Services
Electronic Payment and Services has successfully raised a total of $43.69M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $25 million completed in January 2016. 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 Series C — $25.0M
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First Round
First Round
(18 Sep 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Series C - Electronic Payment and Services | Valuation | Apis Partners |
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| Jun, 2015 | Amount | Series B - Electronic Payment and Services | Valuation | FMO | |
| Aug, 2013 | Amount | Series B - Electronic Payment and Services | Valuation | FMO |
| 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 Electronic Payment and Services
Electronic Payment and Services has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include FMO, CISB and Apis Partners. 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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Private equity and venture capital asset management firm
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Founded Year | Domain | Location | |
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Founded Year | Domain | Location | |
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Venture capital firm
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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 Electronic Payment and Services
Electronic Payment and Services has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include CISB. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Security and facility management solutions are provided nationwide.
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1985 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Electronic Payment and Services
| 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 |
Electronic Payment And Services Comparisons
Competitors of Electronic Payment and Services
Electronic Payment and Services 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 Razorpay, Flutterwave, Pine Labs, HighRadius and Socure, 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 |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Omnichannel payment solutions, loyalty programs, and business tools are provided.
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| domain | founded_year | HQ Location |
Autonomous finance and payment solutions are provided to businesses.
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| domain | founded_year | HQ Location |
AI-based identity verification and fraud detection are provided.
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| domain | founded_year | HQ Location |
Digital payments and engagement solutions are offered for MSMEs.
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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 Electronic Payment And Services
Frequently Asked Questions about Electronic Payment and Services
When was Electronic Payment and Services founded?
Electronic Payment and Services was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Electronic Payment and Services located?
Electronic Payment and Services is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Electronic Payment and Services a funded company?
Electronic Payment and Services is a funded company, having raised a total of $43.69M across 4 funding rounds to date. The company's 1st funding round was a Series B of $8.44M, raised on Sep 18, 2012.
How many employees does Electronic Payment and Services have?
As of Apr 07, 2024, the latest employee count at Electronic Payment and Services is 231.
What is the annual revenue of Electronic Payment and Services?
Annual revenue of Electronic Payment and Services is $54.06M as on Mar 31, 2023.
What does Electronic Payment and Services do?
Electronic Payment and Services was founded in 2011 in Mumbai, India, within the fintech sector. End-to-end ATM services, including outsourcing and managed operations, are delivered to banks. Digital payments are supported via card management systems, EFT switching, and NPCI-integrated products. A platform for MSMEs and financial institutions is maintained, emphasizing payment reconciliation processes across operations.
Who are the top competitors of Electronic Payment and Services?
Electronic Payment and Services's top competitors include Razorpay, Flutterwave and Mintoak.
What products or services does Electronic Payment and Services offer?
Electronic Payment and Services offers ATM Solutions, Digital Payments, EFT Switching Solution, UPI Switching Services, and MSME Digital Platform.
How many acquisitions has Electronic Payment and Services made?
Electronic Payment and Services has made 1 acquisition, including CISB.
Who are Electronic Payment and Services's investors?
Electronic Payment and Services has 4 investors. Key investors include FMO, CISB, Apis Partners, and Aavishkaar Capital.
What is Electronic Payment and Services's valuation?
The valuation of Electronic Payment and Services is $89.26M as of Jan 2016.
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