Manipal Payment and Identity Solutions

Manipal, India Founded: 2008 • Age: 18 yrs
A fintech company offering banking networks and smart card manufacturing solutions
Annual revenue $77.1M Latest available
Total funding $24.0M 1 rounds
Employees 1158 Tracked headcount
Investors 1 Known backers
Products - Services tracked
Competitors 5 Brand Intelligence

About Manipal Payment and Identity Solutions

Manipal Payment and Identity Solutions is a company based in Manipal (India) founded in 2008. Manipal Payment and Identity Solutions has raised $24 million across 1 funding round from investors including Touchstone Capital. The company has 1,158 employees as of December 30, 2024. Manipal Payment and Identity Solutions operates in a competitive market with competitors including Visa, RuPay, HiSAVE and Upiadda, among others.

  • Headquarter Manipal, India
  • Employees 1158 as on 30 Dec, 2024
  • Sectors
    Financial Services
  • Email
    Locked
  • Phone
    Locked
  • Website
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  • Social
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  • Legal Name Manipal Payment And Identity Solutionslimited
  • Date of Incorporation 19 Feb, 2008
  • Jurisdiction Manipal, Karnataka, India
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $77.06 M (USD)
    151.58
    as on Mar 31, 2023
  • Net Profit
    $6.65 M (USD)
    369.83
    as on Mar 31, 2023
  • EBITDA
    $10.09 M (USD)
    351.02
    as on Mar 31, 2023
  • Total Equity Funding
    $24 M (USD)

    in 1 rounds

  • Latest Funding Round
    $24 M (USD), Series B

    Mar 28, 2024

  • Investors
  • Employee Count
    1158

    as on Dec 30, 2024

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Funding Insights of Manipal Payment and Identity Solutions

Manipal Payment and Identity Solutions has successfully raised a total of $24M through 1 strategic funding round. The most recent funding activity was a Series B round of $24 million completed in March 2024. 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 Manipal Payment and Identity Solutions

Manipal Payment and Identity Solutions has secured backing from 1 investor. Prominent investors backing the company include Touchstone Capital.

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Investor Description Founded Year Domain Location
Touchstone Capital is recognized as an alternative investment manager.
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Investor details for Manipal Payment and Identity Solutions

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Investments & Acquisitions by Manipal Payment and Identity Solutions

Investments
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Investment portfolio details for Manipal Payment and Identity Solutions

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Financial Statements - Manipal Payment and Identity Solutions

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Detailed financials for Manipal Payment and Identity Solutions

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Manipal Payment And Identity Solutions Comparisons

Manipal Payment and Identity Solutions Primary company
Description
A fintech company offering banking networks and smart card m...
Location
Manipal, India
Founded Year
2008
Annual Revenue
$77.06 M (USD)
Net Profit
$6.65 M (USD)
EBITDA
$10.09 M (USD)
Employees
1,158
As of 2024
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Peer comparison for Manipal Payment and Identity Solutions

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Competitors of Manipal Payment and Identity Solutions

Manipal Payment and Identity Solutions 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 Visa, RuPay, HiSAVE and Upiadda, among others.

Company Name Domain Founded year HQ Location Description
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Digital payment solutions are offered to individuals and businesses.
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Offers a range of RuPay credit, debit, and prepaid cards for financial transactions.
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Savings on payment options are maximized via aggregated discounts.
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Delivers comprehensive payment products and enabler services for businesses.
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Detailed competitors of Manipal Payment and Identity Solutions

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Latest news on Manipal Payment And Identity Solutions

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Frequently Asked Questions about Manipal Payment and Identity Solutions

Manipal Payment and Identity Solutions was founded in 2008 and raised its 1st funding round 16 years after it was founded.

Manipal Payment and Identity Solutions is headquartered in Manipal, India. It is registered at Manipal, Karnataka, India.

Girish Kini is the current CEO of Manipal Payment and Identity Solutions.

Manipal Payment and Identity Solutions is a funded company, having raised a total of $24M across 1 funding round to date.

As of Dec 30, 2024, the latest employee count at Manipal Payment and Identity Solutions is 1,158.

Annual revenue of Manipal Payment and Identity Solutions is $77.06M as on Mar 31, 2023.

The company was founded in 2008 and is based in Manipal, India. Fintech services focused on banking networks and smart card manufacturing are offered to sectors such as banking, government, and transportation. Payment solutions and identity management services are also provided, supporting various operational needs in these industries.

Manipal Payment and Identity Solutions's top competitors include Visa, RuPay and HiSAVE.

Manipal Payment and Identity Solutions has 1 investor. Key investors include Touchstone Capital.

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