FortunePay

Bengaluru, India Founded: 2011 • Age: 15 yrs Acquired By Ezetap
Electronic payments are processed for businesses and acquiring banks.
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About FortunePay

FortunePay is a company based in Bengaluru (India) founded in 2011 was acquired by Ezetap in June 2017.. FortunePay has raised $1.17 million across 2 funding rounds from investors including Ezetap, Bessemer Venture Partners and Kae Capital. FortunePay operates in a competitive market with competitors including Worldpay, Square, Adyen, Euronet Worldwide and EVO Payments, among others.

  • Headquarter Bengaluru, India
  • Sectors
    Retail
    Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Fortune Payment Solutions India Private Limited
  • Date of Incorporation 10 Jun, 2011
  • Jurisdiction Bangalore, Karnataka, India
Operational Areas
Retail → E-Commerce Technology & Services → →
Financial Services → FinTech & Digital Finance → →
Key Metrics
  • Annual Revenue
    $4.96 K (USD)
    0
    as on Mar 31, 2015
  • Net Profit
    $-216.27 K (USD)
    -232
    as on Mar 31, 2015
  • EBITDA
    $-274.58 K (USD)
    -192
    as on Mar 31, 2015
  • Total Equity Funding
    $1.17 M (USD)

    in 2 rounds

  • Latest Funding Round
    $1 M (USD), Seed

    Oct 19, 2013

  • Investors
    Ezetap

    & 29 more

  • Employee Count
    Employee Count
  • Acquired by
    Ezetap

    (Jun 20, 2017)

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Funding Insights of FortunePay

FortunePay has successfully raised a total of $1.17M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in October 2013. 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 Rounds 2
  • Last Round Seed — $1.0M
  • First Round

    (17 May 2012)

  • Investors Count 29
Date Amount Transaction Name Valuation Lead Investors Investors
Oct, 2013 Amount Seed - FortunePay Valuation Kae Capital , Ravishankar D
TCI Developers , Parameshwara B A
May, 2012 Amount Seed - FortunePay Valuation Kae Capital
Bessemer Venture Partners
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in FortunePay

FortunePay has secured backing from 30 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Ezetap, Bessemer Venture Partners and Kae Capital. 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.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Kae Capital
Early-stage investing in tech startups in India.
Founded Year Domain Location
growX ventures
Early-stage investments are made in B2B and deep-tech startups.
Founded Year Domain Location
Bessemer Venture Partners
Venture capital investments and support for entrepreneurs in technology and innovation sectors.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by FortunePay

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - FortunePay

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Fortunepay Comparisons

Employees
+
Add Comparison
Available on Premium

Competitors of FortunePay

FortunePay 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 Worldpay, Square, Adyen, Euronet Worldwide and EVO Payments, 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
Worldpay
domain founded_year HQ Location
Payment services and analytics solutions are provided for businesses.
Square
domain founded_year HQ Location
POS solutions are provided for retail businesses.
Adyen
domain founded_year HQ Location
Payment issuance and processing solutions are provided for businesses.
Euronet Worldwide
domain founded_year HQ Location
Electronic payments and transaction processing solutions are offered globally.
EVO Payments
domain founded_year HQ Location
Global payment solutions are provided by EVO Payments, Inc.
Stone
domain founded_year HQ Location
Payment solutions for e-commerce businesses are provided via API-linked gateways.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Fortunepay

Frequently Asked Questions about FortunePay

When was FortunePay founded?

FortunePay was founded in 2011 and raised its 1st funding round 1 year after it was founded.

Where is FortunePay located?

FortunePay is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Is FortunePay a funded company?

FortunePay is a funded company, having raised a total of $1.17M across 2 funding rounds to date. The company's 1st funding round was a Seed of $169.79K, raised on May 17, 2012.

What is the annual revenue of FortunePay?

Annual revenue of FortunePay is $4.96K as on Mar 31, 2015.

What does FortunePay do?

Founded in 2011 in Bengaluru, India, FortunePay operates in the fintech sector. End-to-end electronic payment platforms and services are provided to acquiring banks and merchants. A system for acquiring and processing electronic payments is maintained, alongside mobile POS solutions and eCommerce payment gateways. Operations focus on supporting business transactions within the Indian market.

Who are the top competitors of FortunePay?

FortunePay's top competitors include Worldpay, Adyen and Square.

Who are FortunePay's investors?

FortunePay has 30 investors. Key investors include Ezetap, Bessemer Venture Partners, Kae Capital, TCI Developers, and Ravishankar D.

What is FortunePay's valuation?

The valuation of FortunePay is $897.56K as of May 2012.

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