About Itz Cash Card
Itz Cash Card is a company based in Mumbai (India) founded in 2006 by Alok Goel was acquired by Ebix in May 2017. Itz Cash Card has raised $52.02 million across 4 funding rounds from investors including Lightspeed Venture Partners, Matrix Partners India and Ebix. The company has 79 employees as of June 30, 2023. Itz Cash Card operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Mumbai, India
- Employees 79 as on 30 Jun, 2023
- Founders Alok Goel
- Stage Minicorn
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Sectors
Financial 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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Annual Revenue
$7.4 M (USD)-99as on Mar 31, 2024
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Net Profit
-$3.91 M (USD)-32as on Mar 31, 2024
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EBITDA
-$3.25 M (USD)-68as on Mar 31, 2024
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Total Equity Funding
$52.02 M (USD)
in 4 rounds
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Latest Funding Round
$17.42 M (USD), Series C
Feb 17, 2015
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Investors
Lightspeed Venture Partners
& 6 more
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Employee Count
79
as on Jun 30, 2023
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Acquired by
Ebix
(May 24, 2017)
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Funding Insights of Itz Cash Card
Itz Cash Card has successfully raised a total of $52.02M across 4 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.
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.
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Venture capital investing in innovative startups across technology sectors.
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Investor details for Itz Cash Card
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Investments & Acquisitions by Itz Cash Card
Investment portfolio details for Itz Cash Card
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Financial Statements - Itz Cash Card
Detailed financials for Itz Cash Card
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Itz Cash Card Comparisons
Peer comparison for Itz Cash Card
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Competitors of Itz Cash Card
Itz Cash Card 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, Razorpay, Flutterwave, PayU and Mintoak, among others.
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Payment processing and card issuance solutions are provided for businesses.
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Payment and business banking solutions are provided for enterprises.
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Provider of payment processing solutions for businesses
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Online payment processing and credit solutions are provided for businesses.
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Digital payments and engagement solutions are offered for MSMEs.
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Digital payments are processed and managed via specialized solutions.
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Detailed competitors of Itz Cash Card
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Latest news on Itz Cash Card
Complete news archive for 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 4 funding rounds to date.
As of Jun 30, 2023, the latest employee count at Itz Cash Card is 79.
Annual revenue of Itz Cash Card is $7.4M as on Mar 31, 2024.
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.