About fonePaisa
fonePaisa is a Financial Services company based in Bengaluru (India) founded in 2014. Mobile app for payments at online and offline retail stores. fonePaisa has raised $639.16 thousand across 3 funding rounds from investors including Maharashtra State Innovation Society, C S Prasad Subramanian and Ritesh Agarwal. Its Indian entity Fonepaisa Payment Solutions Private Limited reported revenue of ₹4.3 Lakh. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its competitors include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed competitors have raised funding.
Company details
Fonepaisa was founded in 2014 in Bengaluru, India, operating in the fintech sector as a mobile platform for merchants to collect payments from customers. PoS terminal costs are reduced by aggregating funds from bank accounts, creditdebit cards, and digital wallets. Integration with NPCI supports IMPS-based transactions, while customer approvals are secured through RBI-mandated authentication factors. QR code payments are planned for future rollout, without holding a wallet license.
- Headquarters Bengaluru, India
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website fonepaisa.com
- Social LinkedIn X Facebook
- Legal Name Fonepaisa Payment Solutions Private Limited
- Date of Incorporation 14 Nov, 2014
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹4.3 Lakh
FY 2025 · -25% YoY
- Net Loss-₹15.5 Lakh
FY 2025 · -359% margin
- EBITDA₹3.8 Lakh
FY 2025 · 88% margin
- Total Equity Funding$639.16K (USD)
in 3 rounds
- InvestorsMaharashtra State Innovation Society
& 5 more
Associated legal entities of fonePaisa
fonePaisa operates through Fonepaisa Payment Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fonepaisa Payment Solutions Private Limited CIN U72200KA2014PTC077244 | Active | 14 Nov 2014 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details |
Funding Insights of fonePaisa
fonePaisa has successfully raised a total of $639.16K across 3 strategic funding rounds. 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 $639,155
- Total Rounds 3
- First Round $256,477
(Apr 2015)
- Investors Count 6
All 3 funding rounds of fonePaisa with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2018 | Grant | – | – | ||
| Mar 2018 | $382,678 | Seed | – | – | |
| Apr 2015 | $256,477 | Seed | – | – |
6 investors in total: 1 institutional and 5 angel.
Investors in fonePaisa
fonePaisa has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Maharashtra State Innovation Society, C S Prasad Subramanian and Ritesh Agarwal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Promotion of innovation and digital services in Maharashtra. | 2017 | msins.in | Mumbai, India | |
CS C S Prasad Subramanian | Angel investor and advisor, ex-Amazon, focused on tech startups | unknown_d7cf996b1ca843c5a | ||
RA Ritesh Agarwal | Founder of OYO Rooms, prominent angel investor in Indian startups | unknown_50d4037f23444cffa | ||
SH Sharad Hegde | Angel investor and tech entrepreneur, co-founder of The Good Glamm Group. | unknown_9652a5ab06ba4f238 | ||
SS Sonal Singhal | unknown_fd8a3788388046fe9 | |||
KS Kusum Singhal | unknown_9a8118f873ed4e198 |
Investor details for fonePaisa
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Fonepaisa Payment Solutions Private Limited (fonePaisa)
Fonepaisa Payment Solutions Private Limited is the primary company behind fonePaisa. The board of Fonepaisa Payment Solutions Private Limited currently have 2 directors; the longest-serving is Jeetendra Nagavenkata Jyothiswaroop Ganjanaboina, appointed in 2023. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jeetendra Nagavenkata Jyothiswaroop Ganjanaboina DIN 10173365 | Director | 24 May 2023 | 3 yrs 5 mo | Fonepaisa Payment Solutions Private Limited |
| Nikhil Sudhir Charapale DIN 10064229 | Additional Director | 12 Mar 2024 | 2 yrs 7 mo | Fonepaisa Payment Solutions Private Limited |
People of fonePaisa
1 people are tracked at fonePaisa (1 in leadership).
| Name | Role | Group |
|---|---|---|
| founder | Leadership |
Complete people profiles for fonePaisa
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of fonePaisa
Figures of Fonepaisa Payment Solutions Private Limited, the primary company behind fonePaisa, for FY 2025. Revenue was ₹4.3 Lakh (-25% year on year). Net loss was -₹15.5 Lakh (-359% margin). EBITDA was ₹3.8 Lakh (88% margin). Revenue has grown at a compounded annual rate of -90% over three years and -65% over five years.
- ₹4.3 LakhRevenue · FY 2025 · -25% YoY
- -₹15.5 LakhNet loss · -359% margin
- ₹3.8 LakhEBITDA · 88% margin
- ₹3.26 CrPaid-up capital
- -90%Revenue CAGR, 3 years
- -65%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Fonepaisa Payment Solutions Private Limited are on its company page.
Detailed financial statements for fonePaisa
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of fonePaisa
3 dated milestones of fonePaisa across 4 years, from founding to its latest funding, stage changes and deals.
- Founded fonePaisa is founded.
- Funding First funding round of $256K.
- Funding Latest funding round, Grant,.
Competitors of fonePaisa
fonePaisa has 3 listed competitors in our database, 3 of them funded. They include Razorpay, Mintoak and Pine Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. |
Detailed competitors of fonePaisa
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as fonePaisa (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Fonepaisa
Complete news archive for fonePaisa
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Frequently Asked Questions about fonePaisa
fonePaisa was founded in 2014 and raised its 1st funding round 1 year after it was founded.
fonePaisa is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
fonePaisa is a funded company, having raised a total of $639.16K across 3 funding rounds to date. The company's 1st funding round was a Seed of $256.48K, raised on Apr 2015.
The primary company behind fonePaisa, Fonepaisa Payment Solutions Private Limited, reported revenue of ₹4.3 Lakh for FY 2025, down 25% year on year.
Fonepaisa was founded in 2014 in Bengaluru, India, operating in the fintech sector as a mobile platform for merchants to collect payments from customers. PoS terminal costs are reduced by aggregating funds from bank accounts, creditdebit cards, and digital wallets. Integration with NPCI supports IMPS-based transactions, while customer approvals are secured through RBI-mandated authentication factors. QR code payments are planned for future rollout, without holding a wallet license.
fonePaisa has 6 investors. Key investors include Maharashtra State Innovation Society, C S Prasad Subramanian, Ritesh Agarwal, Sharad Hegde, and Sonal Singhal.
fonePaisa operates through Fonepaisa Payment Solutions Private Limited.
The legal entities of fonePaisa currently have 2 directors, including Nikhil Sudhir Charapale, Jeetendra Nagavenkata Jyothiswaroop Ganjanaboina.