About MAKSPay
MAKSPay is a Financial Services company based in Hyderabad (India) founded in 2020 by Kavitha Palancha and Shiva Prrasad. MAKSPay has raised $323.69 thousand across 1 funding round from investors including Sridhar Kotagiri, K Mohan Das Karamchand Gandhi and V N Ranga Raju G. MAKSPay was last valued at $1.93 million in December 2020. Its chief executive, as recorded, is Shiva Prrasad. Its Indian entity Makspay Fintech Solutions Private Limited reported revenue of ₹3 Lakh. Its focus areas include FinTech, Alternative Lending, Enablers and Lending-as-a-service. Its competitors include Perfios, Hyperface and Ascend Capital; 3 of its 3 listed competitors have raised funding.
Company details
Provider of AI-enabled platform for consumer and business loans. It features automated loan process, predictive analytics tools for identifying customers behavior, Loan origination and servicing, and more. It offers loans such as earned wages loans, intra-day loans, SME loans on invoices, cashflow-based lending, and more.
- Headquarters Hyderabad, India
- Founders Kavitha Palancha, Shiva Prrasad
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website makspay.com
- Social LinkedIn Facebook
- Legal Name Makspay Fintech Solutions Private Limited
- Date of Incorporation 17 Sep, 2020
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹3 Lakh
FY 2024 · -93% YoY
- Net Loss-₹98 Lakh
FY 2024 · -3251% margin
- EBITDA-₹95.8 Lakh
FY 2024 · -3177% margin
- Total Equity Funding$323.69K (USD)
in 1 rounds
- Latest Funding Round$323.69K (USD), Angel Round
Dec 2020
Associated legal entities of MAKSPay
MAKSPay is associated with 2 registered companies on The Company Check; the primary company is Makspay Fintech Solutions Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Makspay Fintech Solutions Private Limited CIN U74999TG2020PTC143997 | Active | 17 Sep 2020 | Hyderabad, Telangana | ₹0.0 Cr | 2 | View details | |
| Shiray Tech Private Limited CIN U67100TG2018PTC126079 | Active | 08 Aug 2018 | Hyderabad, Telangana | 2 | View details |
Funding Insights of MAKSPay
MAKSPay has successfully raised a total of $323.69K through 1 strategic funding round. The most recent funding activity was a Angel Round of $323.69 thousand completed in December 2020. 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 $323,690
- Total Rounds 1
- Last Round Angel Round — $323,690
- First Round $323,690
(Dec 2020)
- Investors Count 17
All 1 funding rounds of MAKSPay 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 |
|---|---|---|---|---|---|
| Dec 2020 | $323,690 | Angel Round | $1.93M | Sridhar Kotagiri, Murali Krishna Betu |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2020 | $1.93M | •••••••• |
Last known valuation $1.93M (Dec 2020). 17 investors in total: 0 institutional and 17 angel.
Investors in MAKSPay
MAKSPay has secured backing from 17 investors, including angel investors. Prominent investors backing the company include Sridhar Kotagiri, K Mohan Das Karamchand Gandhi and V N Ranga Raju G.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
SK Sridhar Kotagiri | unknown_d7098227d140418fb | |||
KM K Mohan Das Karamchand Gandhi | unknown_c1d7a5c98bf54ca99 | |||
VN V N Ranga Raju G | unknown_d9234df220734fae9 | |||
MK Murali Krishna Betu | unknown_546b23c849aa49d1b | |||
KS Kandulapati Srinivasa Rao | unknown_12ccd4452944427f9 | |||
PS P S Venkata Sri Padmini | unknown_d5d6ccaf6c8140cfb | |||
YN Yeleswarapu Neeladri Venkata Kumar | unknown_8147790a3b8f405a8 | |||
GK Gayathri Krishnan | unknown_97f09a4a21bd493eb | |||
RN Rajeshvarma Nadimpalli | unknown_72f728765aca4cf88 | |||
DV Duggirala Venkata Ramakrishna | unknown_1bad4674a04146d99 |
Investor details for MAKSPay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Makspay Fintech Solutions Private Limited (MAKSPay)
Makspay Fintech Solutions Private Limited is the primary company behind MAKSPay. The boards of the 2 registered companies of MAKSPay currently have 3 directors; the longest-serving is Venugopala Krishna Kamineni, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Venugopala Krishna Kamineni DIN 06376966 | Director | 08 Aug 2018 | 8 yrs 3 mo | Shiray Tech Private Limited |
| Shiva Prasad Palancha DIN 05266247 | Director | 08 Aug 2018 | 8 yrs 3 mo | Shiray Tech Private Limited, Makspay Fintech Solutions Private Limited |
| Kavitha Sunderam DIN 05251873 | Director | 17 Sep 2020 | 6 yrs 1 mo | Makspay Fintech Solutions Private Limited |
People of MAKSPay
2 people are tracked at MAKSPay (2 in leadership).
| Name | Role | Group |
|---|---|---|
Kavitha Palancha | Co-Founder | Leadership |
Shiva Prrasad | Co-Founder & CEO | Leadership |
Complete people profiles for MAKSPay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of MAKSPay
Figures of Makspay Fintech Solutions Private Limited, the primary company behind MAKSPay, for FY 2024. Revenue was ₹3 Lakh (-93% year on year). Net loss was -₹98 Lakh (-3251% margin). EBITDA was -₹95.8 Lakh (-3177% margin).
- ₹3 LakhRevenue · FY 2024 · -93% YoY
- -₹98 LakhNet loss · -3251% margin
- -₹95.8 LakhEBITDA · -3177% margin
- ₹1.3 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Makspay Fintech Solutions Private Limited are on its company page.
Detailed financial statements for MAKSPay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of MAKSPay
3 dated milestones of MAKSPay, from founding to its latest funding, stage changes and deals.
- Founded MAKSPay is founded.
- Funding First funding round of $324K.
- Milestone Reaches Minicorn status.
Competitors of MAKSPay
MAKSPay has 3 listed competitors in our database, 3 of them funded. They include Perfios, Hyperface and Ascend Capital.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| perfios.com | 2008 | Bengaluru, India | $258.77M | Provides financial technology solutions for data analysis and verification globally. | ||
| hyperface.co | 2021 | Bengaluru, India | $10.3M | 91 | Provider of platform for launching and managing credit card programs | |
| ascendcap.in | 2018 | Jaipur, India | $6.02M | 263 | Provider of financing solutions for electric vehicles |
Detailed competitors of MAKSPay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
3 companies that operate in the same segment as MAKSPay (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 185.7 M | 2,787 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about MAKSPay
MAKSPay was founded in 2020.
MAKSPay is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Shiva Prrasad is the CEO of MAKSPay, as recorded in our data. They have also founded this company.
MAKSPay is a funded company, having raised a total of $323.69K across 1 funding round to date. The company's 1st funding round was a Angel Round of $323.69K, raised on Dec 2020.
The primary company behind MAKSPay, Makspay Fintech Solutions Private Limited, reported revenue of ₹3 Lakh for FY 2024, down 93% year on year.
Provider of AI-enabled platform for consumer and business loans. It features automated loan process, predictive analytics tools for identifying customers behavior, Loan origination and servicing, and more. It offers loans such as earned wages loans, intra-day loans, SME loans on invoices, cashflow-based lending, and more.
MAKSPay's top competitors include Perfios, Ascend Capital and Hyperface.
MAKSPay has 17 investors. Key investors include Sridhar Kotagiri, K Mohan Das Karamchand Gandhi, V N Ranga Raju G, Murali Krishna Betu, and Kandulapati Srinivasa Rao.
The valuation of MAKSPay is $1.93M as of Dec 2020.
MAKSPay is associated with 2 legal entities: Makspay Fintech Solutions Private Limited, Shiray Tech Private Limited.
The legal entities of MAKSPay currently have 3 directors, including Venugopala Krishna Kamineni, Shiva Prasad Palancha, Kavitha Sunderam.