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.
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.
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.
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Private equity and venture capital asset management firm
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Investor details for Electronic Payment and Services
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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.
Investment portfolio details for Electronic Payment and Services
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Security and facility management solutions are provided nationwide.
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Complete acquisition details for Electronic Payment and Services
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Financial Statements - Electronic Payment and Services
Detailed financials for Electronic Payment and Services
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Electronic Payment And Services Comparisons
Peer comparison for Electronic Payment and Services
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment and business banking solutions are provided for enterprises.
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Provider of payment processing solutions for businesses
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Omnichannel payment solutions, loyalty programs, and business tools are provided.
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Autonomous finance and payment solutions are provided to businesses.
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AI-based identity verification and fraud detection are provided.
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Digital payments and engagement solutions are offered for MSMEs.
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Detailed competitors of Electronic Payment and Services
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Latest news on Electronic Payment And Services
Complete news archive for Electronic Payment and Services
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Frequently Asked Questions about Electronic Payment and Services
Electronic Payment and Services was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Electronic Payment and Services is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Electronic Payment and Services is a funded company, having raised a total of $43.69M across 4 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Electronic Payment and Services is 231.
Annual revenue of Electronic Payment and Services is $54.06M as on Mar 31, 2023.
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.
Electronic Payment and Services's top competitors include Razorpay, Flutterwave and Mintoak.
Electronic Payment and Services offers ATM Solutions, Digital Payments, EFT Switching Solution, UPI Switching Services, and MSME Digital Platform.
Electronic Payment and Services has made 1 acquisition, including CISB.
Electronic Payment and Services has 4 investors. Key investors include FMO, CISB, Apis Partners, and Aavishkaar Capital.
The valuation of Electronic Payment and Services is $89.26M as of Jan 2016.