Empays Payment Systems

Mumbai, India Founded: 2010 • Age: 16 yrs
Instant money transfers are enabled via mobile platform.
Annual revenue $40,698 Latest available
Total funding $5.2M 3 rounds
Employees - Tracked headcount
Investors 12 Known backers
Products - Services tracked
Competitors 10 Brand Intelligence

About Empays Payment Systems

Empays Payment Systems is a company based in Mumbai (India) founded in 2010 by Carlos Mira. Empays Payment Systems has raised $5.21 million across 3 funding rounds from investors including Aeries Technology, Girish Nilkanth Kulkarni and Vinod Aachi. Empays Payment Systems operates in a competitive market with competitors including Boku, QubeCell, JunoTele, AdPay and Yippster, among others.

  • Headquarter Mumbai, India
  • Founders Carlos Mira
  • Stage Minicorn
  • Sectors
    Financial Services
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $40.7 K (USD)
    -52
    as on Mar 31, 2024
  • Net Profit
    -$540.96 K (USD)
    -13
    as on Mar 31, 2024
  • EBITDA
    -$497.98 K (USD)
    -18
    as on Mar 31, 2024
  • Total Equity Funding
    $5.21 M (USD)

    in 3 rounds

  • Latest Funding Round
    $179.91 K (USD), Angel Round

    Mar 31, 2021

  • Investors
  • Employee Count
    Not available
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Funding Insights of Empays Payment Systems

Empays Payment Systems has successfully raised a total of $5.21M across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $179.91 thousand completed in March 2021. 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 Empays Payment Systems

Empays Payment Systems has secured backing from 12 investors, including angel and institutional investors. Prominent investors backing the company include Aeries Technology, Girish Nilkanth Kulkarni and Vinod Aachi.

All
Institutional
Angel
Investor Description Founded Year Domain Location
Business process and technology consulting services are offered.
Locked Locked Locked
Outsourcing services are provided from Mumbai, India.
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Girish Nilkanth Kulkarni

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Locked Locked Locked
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Investor details for Empays Payment Systems

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Investments & Acquisitions by Empays Payment Systems

Investments
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Investment portfolio details for Empays Payment Systems

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Financial Statements - Empays Payment Systems

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Detailed financials for Empays Payment Systems

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Empays Payment Systems Comparisons

Empays Payment Systems Primary company
Description
Instant money transfers are enabled via mobile platform.
Location
Mumbai, India
Founded Year
2010
Annual Revenue
$40.7 K (USD)
Net Profit
-$540.96 K (USD)
EBITDA
-$497.98 K (USD)
Employees
Not available
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Peer comparison for Empays Payment Systems

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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Competitors of Empays Payment Systems

Empays Payment Systems 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 Boku, QubeCell, JunoTele, AdPay and Yippster, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Provider of a global mobile payment network
Locked Locked Locked
Mobile Billing Aggregator
Locked Locked Locked
Secure mobile payment and authentication technologies are provided.
Locked Locked Locked
Small-group garden tours throughout Britain are facilitated.
Locked Locked Locked
Provides carrier billing solutions for digital content applications and services.
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Detailed competitors of Empays Payment Systems

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Latest news on Empays Payment Systems

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Complete news archive for Empays Payment Systems

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Frequently Asked Questions about Empays Payment Systems

Empays Payment Systems was founded in 2010 and raised its 1st funding round 3 years after it was founded.

Empays Payment Systems is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Empays Payment Systems is a funded company, having raised a total of $5.21M across 3 funding rounds to date.

Annual revenue of Empays Payment Systems is $40.7K as on Mar 31, 2024.

Empays Payment Systems was established in 2010 in Mumbai, India, within the fintech sector. A mobile-based instant money transfer system has been developed in collaboration with Axis Bank. Domestic remittances are facilitated for bank customers, allowing transfers to recipients using only mobile numbers. Operations are centered on secure, efficient payment solutions for everyday transactions in the Indian market.

Empays Payment Systems's top competitors include Boku, QubeCell and JunoTele.

Empays Payment Systems has 12 investors. Key investors include Aeries Technology, Girish Nilkanth Kulkarni, Vinod Aachi, Debashish Duttagupta, and Gautham Radhakrishnan.

The valuation of Empays Payment Systems is $6.78M as of Mar 2021.

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