About Itz Cash Card
Itz Cash Card is a Financial Services company based in Mumbai (India) founded in 2006 by Alok Goel, and was acquired by Ebix in May 2017. It operates as a prepaid card and payment solutions are offered for businesses. Itz Cash Card has raised $52.02 million across 5 funding rounds from investors including Lightspeed Venture Partners, Matrix Partners India and Ebix. The company has 79 employees. Itz Cash Card was last valued at $82.71 million in July 2009. Its website itzcash.com draws about 340 thousand monthly visits. Its Indian entity Itzcash Payment Solutions Limited reported revenue of ₹3,166 Cr. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its competitors include Stripe, Razorpay, Flutterwave, PayU and Mintoak and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
Itz Cash Card was founded in 2006 in Mumbai, India, within the fintech sector. A platform is operated to deliver payment and prepaid card solutions tailored for businesses. Prepaid cash cards are provided alongside payment services for offline and online marketplaces. Corporate gift cards and general-purpose reloadable cards are issued. A mobile wallet is maintained for money transfers, utility bill payments, and mobile recharges.
- Headquarters Mumbai, India
- Employees 79
- Founders Alok Goel
- Stage Acquired
- SectorsFinancial Services
- Website category Finance
- Email••••••••
- Website itzcash.com
- Social LinkedIn Facebook
- Acquired by Ebix (May 2017)
- Legal Name Itzcash Payment Solutions Limited
- Date of Incorporation 27 Mar, 2014
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹3,166 Cr
FY 2021 · +756% YoY
- Net Loss-₹2 Lakh
FY 2021
- EBITDA-₹2 Lakh
FY 2021
- Total Equity Funding$52.02M (USD)
in 5 rounds
- Latest Funding Round$17.42M (USD), Series C
Feb 2015
- InvestorsLightspeed Venture Partners
& 6 more
- Employee Count79
- Acquired byEbix
(May 2017)
Associated legal entities of Itz Cash Card
Itz Cash Card operates through Itzcash Payment Solutions Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Itzcash Payment Solutions Limited CIN U74900MH2014PLC255105 | Strike Off | 27 Mar 2014 | Mumbai, Maharashtra | ₹3,166 Cr | 85 | 3 | View details |
Funding Insights of Itz Cash Card
Itz Cash Card has successfully raised a total of $52.02M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $17.42 million completed in February 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.
- Total Funding $52.02M
- Total Rounds 5
- Last Round Series C — $17.42M
- First Round $9.3M
(Oct 2007)
- Investors Count 6
All 5 funding rounds of Itz Cash Card 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 |
|---|---|---|---|---|---|
| Feb 2015 | $17.42M | Series C | – | – | |
| Sep 2014 | $15M | Series C | – | – | – |
| Jul 2009 | $10.3M | Series B | $82.71M | Lightspeed India, Lightspeed Venture Partners | |
| Jan 2009 | – | Series A | – | – | |
| Oct 2007 | $9.3M | Series A | $44.63M | Matrix Partners India, Z47 |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2009 | $82.71M | •••••••• |
| Oct 2007 | $44.63M | •••••••• |
Last known valuation $82.71M (Jul 2009). 7 investors in total: 6 institutional and 1 angel.
Investors in Itz Cash Card
Itz Cash Card has secured backing from 7 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Lightspeed Venture Partners, Matrix Partners India and Ebix.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in technology startups focusing on compute, AI, and related innovations. | – | intelcapital.com | - | |
Venture capital investing in innovative startups across technology sectors. | 2008 | lsip.com | Bengaluru, India | |
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Venture capital investment firm | – | z47.com | Bengaluru, India | |
Investment in early-stage startups across FinTech, AI, and consumer sectors in India. | 2006 | matrixpartners.in | Bengaluru, India | |
AG Ashok Goel | Angel investor, founder of EduGorilla, focusing on edtech and consumer startups | – | unknown_4d23be8b6d6c490aa | - |
SaaS-based software suite for insurance industry is provided. | 1976 | ebix.com | Atlanta, United States |
Investor details for Itz Cash Card
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Board of directors of Itzcash Payment Solutions Limited (Itz Cash Card)
Itzcash Payment Solutions Limited is the primary company behind Itz Cash Card. The board of Itzcash Payment Solutions Limited currently have 3 directors; the longest-serving is Sanjay Singh, appointed in 2017. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjay Singh DIN 07637953 | Director | 22 May 2017 | 9 yrs 4 mo | Itzcash Payment Solutions Limited |
| Vinod Kumar Singh DIN 07981825 | Director | 01 Jan 2018 | 8 yrs 9 mo | Itzcash Payment Solutions Limited |
| Raman Singh Bhati DIN 07879660 | Director | 15 Oct 2018 | 8 yrs | Itzcash Payment Solutions Limited |
People of Itz Cash Card
1 people are tracked at Itz Cash Card (1 in leadership); the tracked headcount is 79.
| Name | Role | Group |
|---|---|---|
Alok Goel | Co-Founder | Leadership |
Complete people profiles for Itz Cash Card
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Financials of Itz Cash Card
Figures of Itzcash Payment Solutions Limited, the primary company behind Itz Cash Card, for FY 2021. Revenue was ₹3,166 Cr (+756% year on year). Net loss was -₹2 Lakh. EBITDA was -₹2 Lakh. Revenue has grown at a compounded annual rate of +25009% over three years.
- ₹3,166 CrRevenue · FY 2021 · +756% YoY
- -₹2 LakhNet loss
- -₹2 LakhEBITDA
- ₹5 LakhPaid-up capital
- 85Employees (provident fund records)
- +25009%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Itzcash Payment Solutions Limited are on its company page.
Detailed financial statements for Itz Cash Card
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Timeline of Itz Cash Card
5 dated milestones of Itz Cash Card across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Itz Cash Card is founded.
- Funding First funding round of $9.3M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $17.4M.
- Exit Acquired by Ebix.
Competitors of Itz Cash Card
Itz Cash Card has 9 listed competitors in our database, 8 of them funded. They include Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stripe.com | 2009 | San Francisco, United States | $9.81B | 5,904 | Payment processing and card issuance solutions are provided for businesses. | |
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| flutterwave.com | 2016 | San Francisco, United States | $489.41M | – | Provider of payment processing solutions for businesses | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| aciworldwide.com | 1975 | Omaha, United States | – | 4,732 | Digital payments are processed and managed via specialized solutions. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. | |
| highradius.com | 2006 | Houston, United States | $484M | – | Autonomous finance and payment solutions are provided to businesses. | |
| cashfree.com | 2015 | Bengaluru, India | $97.02M | 831 | Payment gateway and payout solutions are provided for business transactions. |
Detailed competitors of Itz Cash Card
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Itz Cash Card
The website of Itz Cash Card (itzcash.com) receives about 340.3K visits a month and ranks #105,911 among all websites worldwide, #6,674 in Finance.
- Monthly visits340.3K
▼ 8.8% vs previous month
- Unique visitors23.6K
per month
- Global rank#105,911
among all websites
- Category rank#6,674
Finance · Finance
- Bounce rate13%
- Pages per visit8.8
- Average visit5 min 36 sec
- DevicesDesktop 87% · Mobile 13%
Websites whose visitors overlap most with Itz Cash Card. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| payworldindia.com | 100% | 726.5K | #83,498 | View details | |
| payism.biz | 88% | – | #313,742 | View details | |
| dcbbank.com | 82% | 182.6K | #147,115 | View details | |
| billdesk.com | 74% | 21.1M | #1,962 | View details | |
| westernunion.com | 63% | 10.6M | #3,540 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 26 similar websites and full traffic analytics for Itz Cash Card
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Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as Itz Cash Card (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
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 processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Related news about Itz Cash Card
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Frequently Asked Questions about Itz Cash Card
Itz Cash Card was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Itz Cash Card is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Itz Cash Card is a funded company, having raised a total of $52.02M across 5 funding rounds to date. The company's 1st funding round was a Series A of $9.3M, raised on Oct 2007.
Itz Cash Card has 79 employees.
The primary company behind Itz Cash Card, Itzcash Payment Solutions Limited, reported revenue of ₹3,166 Cr for FY 2021, up 756% year on year.
Itz Cash Card was founded in 2006 in Mumbai, India, within the fintech sector. A platform is operated to deliver payment and prepaid card solutions tailored for businesses. Prepaid cash cards are provided alongside payment services for offline and online marketplaces. Corporate gift cards and general-purpose reloadable cards are issued. A mobile wallet is maintained for money transfers, utility bill payments, and mobile recharges.
Itz Cash Card has 7 investors. Key investors include Lightspeed Venture Partners, Matrix Partners India, Ebix, Lightspeed India, and Ashok Goel.
The valuation of Itz Cash Card is $82.71M as of Jul 2009.
Itz Cash Card operates through Itzcash Payment Solutions Limited.
Yes. Itz Cash Card was acquired by Ebix in May 2017.
The legal entities of Itz Cash Card currently have 3 directors, including Sanjay Singh, Vinod Kumar Singh, Raman Singh Bhati.