About Indepay
Indepay is a Financial Services company based in Delhi (India) founded in 2007. Prepaid debit card-based correspondence banking. Indepay offers products and services including Pay-ID, One Click Checkout, Recurring Payments, and API Hub. Its focus areas include FinTech, Payments, Business Payments and Reward Points Payments. Its legal entity is Setara Networks Worldwide Pte Limited. Its competitors include MallEazy and OpinionTrue.
Company details
Founded in 2007 in Delhi, India, the company operates in the financial services sector, focusing on prepaid debit card-based correspondence banking. Services are provided to under-banked individuals, enabling money loading via bank deposits or merchant partners. Funds are then used for transactions at retail points of sale through business correspondents and with online merchants, ensuring secure online payments.
- Headquarters Delhi, India
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website indepay.com
- Social LinkedIn X Facebook
- Legal Name Setara Networks Worldwide Pte Limited
- Net Profit-$829.01 K (USD)-1102as on Dec 31, 2021
- EBITDA-$829.01 K (USD)-1102as on Dec 31, 2021
- InvestorsBeenext
& 1 more
Associated legal entities of Indepay
Indepay is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gisil Designs Private Limited CIN U74899DL2000PTC103478 | Active | 28 Jan 2000 | New Delhi, Delhi | ₹7.1 Cr | 3 | View details | |
| Cashgro Digital Platform Private Limited CIN U72900DL2006PTC151698 | Active | 05 Aug 2006 | New Delhi, Delhi | ₹9.6 Cr | 18 | 4 | View details |
Products & Services of Indepay
Indepay offers a comprehensive portfolio of products and services, including Pay-ID, One Click Checkout, Recurring Payments, and API Hub.
Enables quick mobile-based transactions for users and transfers.
Facilitates fast and secure online payment processing.
Handles automated and scheduled financial transactions.
Provides tools for developers to integrate payment services.
Funding Insights of Indepay
- Total Rounds 1
- Investors Count 2
All 1 funding rounds of Indepay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2021 | Seed | – | Beenext, Triple Eight Capital | – |
2 investors in total: 2 institutional.
Investors in Indepay
Indepay has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Beenext and Triple Eight Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
Clean energy infrastructure investments are managed by the fund. | t8cap.com | Melbourne, Australia |
Investor details for Indepay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Indepay
The boards of the 2 registered companies of Indepay currently have 4 directors; the longest-serving is Rajib Saha, appointed in 2000. 16 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajib Saha DIN 00077063 | Director | 28 Jan 2000 | 26 yrs 9 mo | Gisil Designs Private Limited, Cashgro Digital Platform Private Limited |
| Suresh Chandra Rajpal DIN 01595407 | Director | 26 Sep 2005 | 21 yrs 1 mo | Gisil Designs Private Limited, Cashgro Digital Platform Private Limited |
| Ajeer Vidya DIN 01198570 | Director | 08 Feb 2007 | 19 yrs 8 mo | Gisil Designs Private Limited, Cashgro Digital Platform Private Limited |
| Tushar Kanti Choudhury DIN 07743558 | Whole-time director | 15 Jul 2022 | 4 yrs 3 mo | Cashgro Digital Platform Private Limited |
Financials of Indepay
Figures of Gisil Designs Private Limited, the primary company behind Indepay, for FY 2023. Revenue was ₹7.10 Cr (-4% year on year). Net profit was ₹32.1 Lakh (5% margin). EBITDA was ₹97.9 Lakh (14% margin). Revenue has grown at a compounded annual rate of -8% over three years and -9% over five years.
- ₹7.10 CrRevenue · FY 2023 · -4% YoY
- ₹32.1 LakhNet profit · 5% margin
- ₹97.9 LakhEBITDA · 14% margin
- ₹11.56 CrPaid-up capital
- -8%Revenue CAGR, 3 years
- -9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Gisil Designs Private Limited are on its company page.
Detailed financial statements for Indepay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Indepay
2 dated milestones of Indepay across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Indepay is founded.
- Funding First funding round.
Competitors of Indepay
Indepay has 2 listed competitors in our database. They include MallEazy and OpinionTrue.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| malleazy.com | 2021 | Gurugram, India | Provides a reward point payment solution for consumers and businesses. | |||
| opiniontrue.com | 2021 | India | A reward point checkout payment solution designed for consumers. |
Detailed competitors of Indepay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Indepay
The website of Indepay (indepay.com) receives about 2.6K visits a month.
- Monthly visits2.6K
▲ 26% vs previous month
Websites whose visitors overlap most with Indepay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| globalcashcard.com | 100% | 15.9K | #1,542,871 | View details | |
| synergisticsresearch.com | 64% | View details | |||
| tuxedomoneysolutions.com | 62% | #3,257,375 | View details | ||
evolutionbenefits.com | evolutionbenefits.com | 62% | – |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Indepay (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Indepay
Complete news archive for Indepay
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Frequently Asked Questions about Indepay
Indepay was founded in 2007 and raised its 1st funding round 14 years after it was founded.
Indepay is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Founded in 2007 in Delhi, India, the company operates in the financial services sector, focusing on prepaid debit card-based correspondence banking. Services are provided to under-banked individuals, enabling money loading via bank deposits or merchant partners. Funds are then used for transactions at retail points of sale through business correspondents and with online merchants, ensuring secure online payments.
Indepay's top competitors include MallEazy and OpinionTrue.
Indepay offers Pay-ID, One Click Checkout, Recurring Payments, and API Hub.
Indepay has 2 investors. Key investors include Beenext, and Triple Eight Capital.
Indepay is associated with 2 legal entities: Gisil Designs Private Limited, Cashgro Digital Platform Private Limited.
The legal entities of Indepay currently have 4 directors, including Ajeer Vidya, Rajib Saha, Suresh Chandra Rajpal and others.