About HitPay
HitPay is a company based in Singapore (Singapore) founded in 2016 by Nitin Muthyala and Aditya Haripurkar. It operates as a Pay-per-Use / Usage-Based, and API-as-a-Product. HitPay has raised $15.93 million across 2 funding rounds from investors including Tiger Global, Global Founders Capital and HOF Capital. HitPay offers products and services including Online Payments, In-Person Payments, Recurring Billing, Payment Links, and POS Software. HitPay operates in a competitive market with competitors including Stripe, Flutterwave, Xendit, PayU and ACI Worldwide, among others.
- Headquarter Singapore, Singapore
- Founders Nitin Muthyala, Aditya Haripurkar
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Sectors
RetailFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hitpay Payment Solutions Pte Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.93 M (USD)
in 2 rounds
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Latest Funding Round
$15.8 M (USD), Series A
May 04, 2022
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Investors
Tiger Global
& 3 more
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Employee Count
Employee Count
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Products & Services of HitPay
HitPay offers a comprehensive portfolio of products and services, including Online Payments, In-Person Payments, Recurring Billing, Payment Links, and POS Software. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online payments are facilitated for e-commerce businesses efficiently.
In-person payments are supported through POS terminals seamlessly.
Recurring billing is managed with automated payment cycles.
Payment links are provided for easy transaction collection.
POS software is offered for integrated sales management.
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Funding Insights of HitPay
HitPay has successfully raised a total of $15.93M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15.8 million completed in May 2022. 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 Funding
- Total Rounds 2
- Last Round Series A — $15.8M
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First Round
First Round
(01 Sep 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - HitPay | Valuation | Tiger Global Management | |
| Sep, 2021 | Amount | Seed - HitPay | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HitPay
HitPay has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Tiger Global, Global Founders Capital and HOF 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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage startups
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Founded Year | Domain | Location | |
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HOF Capital is engaged in venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by HitPay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - HitPay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hitpay Comparisons
Competitors of HitPay
HitPay 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, Flutterwave, Xendit, PayU and ACI Worldwide, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment and money transfer platform for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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| domain | founded_year | HQ Location |
Diversified payment processing solutions are provided to merchants.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hitpay
Frequently Asked Questions about HitPay
When was HitPay founded?
HitPay was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is HitPay located?
HitPay is headquartered in Singapore, Singapore.
Who is the current CEO of HitPay?
Aditya Haripurkar is the current CEO of HitPay. They have also founded this company.
Is HitPay a funded company?
HitPay is a funded company, having raised a total of $15.93M across 2 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Sep 01, 2021.
What does HitPay do?
HitPay is established as a payment solutions provider targeting small and medium-sized businesses in Southeast Asia. Comprehensive payment processing tools are offered, covering online and in-person transactions across e-commerce, retail, hospitality, and other sectors. A wide range of payment methods, including cards and over 700 digital wallets, are supported with fast payouts and customizable checkout experiences. Integration with platforms like Shopify and WooCommerce is enabled, alongside POS terminals for in-store sales. Smart billing tools such as invoicing, recurring billing, and payment links are provided to streamline financial operations for businesses.
Who are the top competitors of HitPay?
HitPay's top competitors include Stripe, PayU and Flutterwave.
What products or services does HitPay offer?
HitPay offers Online Payments, In-Person Payments, Recurring Billing, Payment Links, and POS Software.
Who are HitPay's investors?
HitPay has 4 investors. Key investors include Tiger Global, Global Founders Capital, HOF Capital, and Y Combinator.
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