About FidyPay
FidyPay is a company based in Indore (India) founded in 2012 by Arif Manji and Manan Dixit. FidyPay has raised $320.39 thousand across 3 funding rounds from investors including Ram Pathade, Vinayak Narayan and Meghana Verulkar. The company has 30 employees as of April 08, 2024. FidyPay offers products and services including API Banking, BBPS, UPI / QR Code, eNACH, and eKYC. FidyPay operates in a competitive market with competitors including Zeta, M2P Fintech, Dvara KGFS, Kaleidofin and Spice Money, among others.
- Headquarter Indore, India
- Employees 30 as on 08 Apr, 2024
- Founders Arif Manji, Manan Dixit
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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 Jambopay Express Private Limited
- Date of Incorporation 14 Sep, 2011
- Jurisdiction Indore, Madhya Pradesh, India
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Annual Revenue
$777.07 K (USD)30.82as on Mar 31, 2023
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Net Profit
$62.34 K (USD)-63.17as on Mar 31, 2023
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EBITDA
$106.14 K (USD)-76.37as on Mar 31, 2023
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Total Equity Funding
$320.39 K (USD)
in 3 rounds
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Latest Funding Round
$255.95 K (USD), Angel Round
Jan 16, 2025
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Investors
& 11 more
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Employee Count
30
as on Apr 08, 2024
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Products & Services of FidyPay
FidyPay offers a comprehensive portfolio of products and services, including API Banking, BBPS, UPI / QR Code, eNACH, and eKYC.
Enables banking service integrations for businesses and payments.
Facilitates bill payments and collections for users.
Supports UPI transactions and QR code-based payments.
Handles automated recurring payment mandates.
Provides electronic know-your-customer verification services.
Offers tools for merchant transaction processing.
Manages issuance and use of prepaid cards for consumers.
People of FidyPay
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Funding Insights of FidyPay
FidyPay has successfully raised a total of $320.39K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $255.95 thousand completed in January 2025. 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 FidyPay
FidyPay has secured backing from 12 investors, including angel investors. Prominent investors backing the company include Ram Pathade, Vinayak Narayan and Meghana Verulkar.
| Investor | Description | Founded Year | Domain | Location |
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RP
Ram Pathade |
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VN
Vinayak Narayan |
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MV
Meghana Verulkar |
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Investor details for FidyPay
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Investments & Acquisitions by FidyPay
Investment portfolio details for FidyPay
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Financial Statements - FidyPay
Detailed financials for FidyPay
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Fidypay Comparisons
Peer comparison for FidyPay
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Competitors of FidyPay
FidyPay 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 Zeta, M2P Fintech, Dvara KGFS, Kaleidofin and Spice Money, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment and banking solutions are provided to users and banks.
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Banking, lending, and payment solutions are provided via custom APIs.
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Loans for consumers and SMEs are provided alongside financial services.
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Provider of financial technology solutions for inclusive lending
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Digital payment and banking service provider in rural areas
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A cloud-native platform is provided for next-generation financial products.
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Detailed competitors of FidyPay
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Latest news on Fidypay
Complete news archive for FidyPay
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Frequently Asked Questions about FidyPay
FidyPay was founded in 2012 and raised its 1st funding round 5 years after it was founded.
FidyPay is headquartered in Indore, India. It is registered at Indore, Madhya Pradesh, India.
Manan Dixit is the current CEO of FidyPay. They have also founded this company.
FidyPay is a funded company, having raised a total of $320.39K across 3 funding rounds to date.
As of Apr 08, 2024, the latest employee count at FidyPay is 30.
Annual revenue of FidyPay is $777.07K as on Mar 31, 2023.
FidyPay was founded in 2012 in Indore, India, as a provider of payment solutions within the fintech sector. Services such as AEPS, BBPS, mobile recharges, electricity and water bill payments, remittances, and ticketing are enabled for merchants through the platform. Additional offerings include API banking and customized POS solutions to support business operations across various customer needs.
FidyPay's top competitors include Zeta, Falcon and Spice Money.
FidyPay offers API Banking, BBPS, UPI / QR Code, eNACH, and 3 more products and services.
FidyPay has 12 investors. Key investors include Ram Pathade, Vinayak Narayan, Meghana Verulkar, Bhumika Rupani, and Vindya M Narsian.
The valuation of FidyPay is $753.1K as of Jun 2021.