About GI Technology
GI Technology is a company based in Chennai (India) founded in 2005 by Ramu Annamalai and R M Palaniyapan was acquired by Wirecard in October 2015. GI Technology has raised $1.1 million across 1 funding round from investors including Wirecard and Trident Trust. The company has 108 employees as of January 31, 2025. GI Technology offers products and services including Financial Inclusion Solutions and Cashless Campus Solutions.
- Headquarter Chennai, India
- Employees 108 as on 31 Jan, 2025
- Founders Ramu Annamalai, R M Palaniyapan
- Stage Minicorn
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Gi Technology Private Limited
- Date of Incorporation 21 Sep, 2005
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$2.43 M (USD)-2.15as on Mar 31, 2018
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Net Profit
-$203.44 K (USD)57.21as on Mar 31, 2018
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EBITDA
-$999.55 K (USD)11.44as on Mar 31, 2018
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Total Equity Funding
$1.1 M (USD)
in 1 rounds
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Latest Funding Round
$1.1 M (USD), Seed
Sep 29, 2015
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Investors
Wirecard
& 1 more
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Employee Count
108
as on Jan 31, 2025
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Acquired by
Wirecard
(Oct 27, 2015)
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Products & Services of GI Technology
GI Technology offers a comprehensive portfolio of products and services, including Financial Inclusion Solutions and Cashless Campus Solutions.
An integrated system is provided for IMPS-based domestic remittances, which is recognized for its robustness and significant contributions in the financial sector.
Innovative solutions are deployed for colleges and universities across India, facilitating cashless transactions through built-in ID and access cards.
Funding Insights of GI Technology
GI Technology has successfully raised a total of $1.1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.1 million completed in September 2015. 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 GI Technology
GI Technology has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Wirecard and Trident Trust.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Offers corporate, fiduciary, and fund services to clients worldwide efficiently.
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Locked | Locked | Locked | |
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Payment processing solutions are provided for businesses and merchants.
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Locked | Locked | Locked |
Investor details for GI Technology
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Investments & Acquisitions by GI Technology
Investment portfolio details for GI Technology
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Financial Statements - GI Technology
Detailed financials for GI Technology
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Gi Technology Comparisons
Peer comparison for GI Technology
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Competitors of GI Technology
Detailed competitors of GI Technology
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Latest news on Gi Technology
Complete news archive for GI Technology
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Frequently Asked Questions about GI Technology
GI Technology was founded in 2005 and raised its 1st funding round 10 years after it was founded.
GI Technology is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
GI Technology is a funded company, having raised a total of $1.1M across 1 funding round to date.
As of Jan 31, 2025, the latest employee count at GI Technology is 108.
Annual revenue of GI Technology is $2.43M as on Mar 31, 2018.
GI Technology was founded in 2005 and is based in Chennai, India. Product development focuses on reloadable prepaid cards and payment solutions tailored for the travel, retail, and prepaid banking sectors. Prepaid payment instruments and third-party payment gateways are offered to facilitate transactions. Automated two-way data transfer hosting solutions are also provided to support high-volume banking operations.
GI Technology offers Financial Inclusion Solutions and Cashless Campus Solutions.
GI Technology has 2 investors. Key investors include Wirecard, and Trident Trust.
The valuation of GI Technology is $12.2M as of Sep 2015.