About Maximus
Maximus is a company based in Mumbai (India) founded in 2007 by Uma Shankar and Venkatanarayanan Shankar. It operates as a SaaS (Software-as-a-Service), Managed Services, and FinTech. Maximus has raised $1.53 million across 2 funding rounds from investors including SIDBI Venture Capital. The company has 98 employees as of April 09, 2024. Maximus offers products and services including Maximus ASTRA, Maximus PAYRAKAM, Maximus SURAKSHA, Maximus TRACE, and Maximus KSHAN. Maximus operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Mumbai, India
- Employees 98 as on 09 Apr, 2024
- Founders Uma Shankar, Venkatanarayanan Shankar
- 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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- Legal Name Maximus Infoware (India) Private Limited
- Date of Incorporation 27 Jul, 2007
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$5.45 M (USD)37.43as on Mar 31, 2023
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Net Profit
$166.04 K (USD)65.03as on Mar 31, 2023
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EBITDA
$720.18 K (USD)71.05as on Mar 31, 2023
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Total Equity Funding
$1.53 M (USD)
in 2 rounds
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Latest Funding Round
$615.01 K (USD), Seed
Oct 18, 2017
- Investors
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Employee Count
98
as on Apr 09, 2024
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Products & Services of Maximus
Maximus offers a comprehensive portfolio of products and services, including Maximus ASTRA, Maximus PAYRAKAM, Maximus SURAKSHA, Maximus TRACE, and Maximus KSHAN.
Instantaneous payment systems are offered through multiple channels.
Comprehensive digital payment solutions are provided for banks.
Next-gen fraud risk management is delivered through technology.
Total automation of reconciliation processes is provided daily.
Interactive self-service kiosks are offered for customer experience.
Funding Insights of Maximus
Maximus has successfully raised a total of $1.53M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $615.01 thousand completed in October 2017. 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 Maximus
Maximus has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include SIDBI Venture Capital.
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Venture capital management for SMEs and startups in India.
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Investor details for Maximus
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Investments & Acquisitions by Maximus
Investment portfolio details for Maximus
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Financial Statements - Maximus
Detailed financials for Maximus
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Maximus Comparisons
Peer comparison for Maximus
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Competitors of Maximus
Maximus 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 Maximus
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Latest news on Maximus
Complete news archive for Maximus
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Frequently Asked Questions about Maximus
Maximus was founded in 2007 and raised its 1st funding round 8 years after it was founded.
Maximus is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Venkatanarayanan Shankar is the current CEO of Maximus. They have also founded this company.
Maximus is a funded company, having raised a total of $1.53M across 2 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Maximus is 98.
Annual revenue of Maximus is $5.45M as on Mar 31, 2023.
Maximus is engaged in delivering state-of-the-art digital payment solutions and managed services for banking and financial sectors. Solutions such as payment systems, fraud risk management, and self-service kiosks are offered to banks, fintech companies, and government entities. Operations span across multiple industries including non-banking financial companies and transit toll services. Advanced technologies like AI, machine learning, and blockchain are integrated to enhance security and efficiency. A global presence is maintained in 10 countries with a focus on process excellence and customer satisfaction.
Maximus offers Maximus ASTRA, Maximus PAYRAKAM, Maximus SURAKSHA, Maximus TRACE, and Maximus KSHAN.
Maximus has 1 investor. Key investors include SIDBI Venture Capital.
The valuation of Maximus is $6.15M as of Oct 2017.