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
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$40.7 K (USD)-52as on Mar 31, 2024
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Net Profit
$-540.96 K (USD)-13as on Mar 31, 2024
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EBITDA
$-497.98 K (USD)-18as on Mar 31, 2024
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Total Equity Funding
$5.21 M (USD)
in 3 rounds
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Latest Funding Round
$179.91 K (USD), Angel Round
Mar 31, 2021
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Investors
Aeries Technology
& 11 more
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Employee Count
Employee Count
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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 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Angel Round — $179,907
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First Round
First Round
(11 Jul 2013)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Angel Round - Empays Payment Systems | Valuation | Girish Nilkanth Kulkarni |
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| Mar, 2018 | Amount | Angel Round - Empays Payment Systems | Valuation | Girish Nilkanth Kulkarni |
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| Jul, 2013 | Amount | Series A - Empays Payment Systems | Valuation | Girish Nilkanth Kulkarni |
| 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 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. 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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Business process and technology consulting services are offered.
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Founded Year | Domain | Location | |
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Outsourcing services are provided from Mumbai, India.
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Founded Year | Domain | Location | |
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GN
Girish Nilkanth Kulkarni |
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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 Empays Payment Systems
| 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 - Empays Payment Systems
| 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 |
Empays Payment Systems Comparisons
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. 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 |
Provider of a global mobile payment network
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| domain | founded_year | HQ Location |
Mobile Billing Aggregator
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| domain | founded_year | HQ Location |
Secure mobile payment and authentication technologies are provided.
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| domain | founded_year | HQ Location |
Small-group garden tours throughout Britain are facilitated.
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| domain | founded_year | HQ Location |
Provides carrier billing solutions for digital content applications and services.
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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 Empays Payment Systems
Frequently Asked Questions about Empays Payment Systems
When was Empays Payment Systems founded?
Empays Payment Systems was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is Empays Payment Systems located?
Empays Payment Systems is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Empays Payment Systems a funded company?
Empays Payment Systems is a funded company, having raised a total of $5.21M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.88M, raised on Jul 11, 2013.
What is the annual revenue of Empays Payment Systems?
Annual revenue of Empays Payment Systems is $40.7K as on Mar 31, 2024.
What does Empays Payment Systems do?
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.
Who are the top competitors of Empays Payment Systems?
Who are Empays Payment Systems's investors?
Empays Payment Systems has 12 investors. Key investors include Aeries Technology, Girish Nilkanth Kulkarni, Vinod Aachi, Debashish Duttagupta, and Gautham Radhakrishnan.
What is Empays Payment Systems's valuation?
The valuation of Empays Payment Systems is $6.78M as of Mar 2021.
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