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
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- Legal Name Hitpay Payment Solutions Pte Ltd
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
People of HitPay
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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.
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.
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Venture and private equity investments are managed with global diversification.
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Venture capital firm focused on early-stage startups
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HOF Capital is engaged in venture capital investments.
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Investor details for HitPay
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- Investor domains
- Investor locations
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Investments & Acquisitions by HitPay
Investment portfolio details for HitPay
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- Portfolio identities
- Transaction dates
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Financial Statements - HitPay
Detailed financials for HitPay
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- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Hitpay Comparisons
Peer comparison for HitPay
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
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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.
| 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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Provider of payment processing solutions for businesses
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Online payment and money transfer platform for businesses
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Online payment processing and credit solutions are provided for businesses.
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Digital payments are processed and managed via specialized solutions.
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Diversified payment processing solutions are provided to merchants.
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Detailed competitors of HitPay
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Verified entity values are shown only after access is granted.
Latest news on Hitpay
Complete news archive for HitPay
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about HitPay
HitPay was founded in 2016 and raised its 1st funding round 5 years after it was founded.
HitPay is headquartered in Singapore, Singapore.
Aditya Haripurkar is the current CEO of HitPay. They have also founded this company.
HitPay is a funded company, having raised a total of $15.93M across 2 funding rounds to date.
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.
HitPay's top competitors include Stripe, PayU and Flutterwave.
HitPay offers Online Payments, In-Person Payments, Recurring Billing, Payment Links, and POS Software.
HitPay has 4 investors. Key investors include Tiger Global, Global Founders Capital, HOF Capital, and Y Combinator.