About fonePaisa
fonePaisa is a company based in Bengaluru (India) founded in 2014. fonePaisa has raised $639.16 thousand across 3 funding rounds from investors including Maharashtra State Innovation Society, C S Prasad Subramanian and Ritesh Agarwal. fonePaisa operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Bengaluru, India
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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 Fonepaisa Payment Solutions Private Limited
- Date of Incorporation 14 Nov, 2014
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$7.83 K (USD)347.88as on Mar 31, 2017
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Net Profit
-$662.55 K (USD)-97.32as on Mar 31, 2017
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EBITDA
-$559.19 K (USD)-66.18as on Mar 31, 2017
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Total Equity Funding
$639.16 K (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
Maharashtra State Innovation Society
& 5 more
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Employee Count
Not available
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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.
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 |
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Promotion of innovation and digital services in Maharashtra.
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CS
C S Prasad Subramanian |
Angel investor and advisor, ex-Amazon, focused on tech startups
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Locked | Locked | Locked |
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RA
Ritesh Agarwal |
Founder of OYO Rooms, prominent angel investor in Indian startups
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Locked | Locked | Locked |
Investor details for fonePaisa
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Investments & Acquisitions by fonePaisa
Investment portfolio details for fonePaisa
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Financial Statements - fonePaisa
Detailed financials for fonePaisa
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Fonepaisa Comparisons
Peer comparison for fonePaisa
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- Named peers
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Competitors of fonePaisa
fonePaisa 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 Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment processing and card issuance solutions are provided for businesses.
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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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Online payment processing and credit solutions are provided for businesses.
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Digital payments and engagement solutions are offered for MSMEs.
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Digital payments are processed and managed via specialized solutions.
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Detailed competitors of fonePaisa
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Latest news on 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.
Annual revenue of fonePaisa is $7.83K as on Mar 31, 2017.
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.