About Microchip Payments
Microchip Payments is a company based in Hubli (India) founded in 2017 by Mohammed Novman and Farhan Firaq. Microchip Payments has raised $30.75 thousand across 2 funding rounds from investors including Deshpande Startups, Startup Karnataka and Sandbox Startups. Microchip Payments operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Hubli, India
- Founders Mohammed Novman, Farhan Firaq
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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 Microchip Payments Private Limited
- Date of Incorporation 22 Sep, 2017
- Jurisdiction Hubli, Karnataka, India
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Annual Revenue
$15.97 K (USD)6.07as on Mar 31, 2020
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Net Profit
-$18.69 K (USD)-483.94as on Mar 31, 2020
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EBITDA
-$17.68 K (USD)-33.16as on Mar 31, 2020
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Total Equity Funding
$30.75 K (USD)
in 2 rounds
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Latest Funding Round
Not available
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Investors
Deshpande Startups
& 2 more
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Employee Count
Not available
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Funding Insights of Microchip Payments
Microchip Payments has successfully raised a total of $30.75K across 2 strategic funding rounds. 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 Microchip Payments
Microchip Payments has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Deshpande Startups, Startup Karnataka and Sandbox Startups.
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Supporting startups through incubation, funding, and innovation services in India.
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Support for startups in Karnataka is delivered through policies, funding, and networking services.
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Investor details for Microchip Payments
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Investments & Acquisitions by Microchip Payments
Investment portfolio details for Microchip Payments
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Financial Statements - Microchip Payments
Detailed financials for Microchip Payments
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Microchip Payments Comparisons
Peer comparison for Microchip Payments
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Competitors of Microchip Payments
Microchip Payments 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.
| Company Name | Domain | Founded year | HQ Location | Description |
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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 Microchip Payments
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Latest news on Microchip Payments
Complete news archive for Microchip Payments
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Frequently Asked Questions about Microchip Payments
Microchip Payments was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Microchip Payments is headquartered in Hubli, India. It is registered at Hubli, Karnataka, India.
Farhan Firaq is the current CEO of Microchip Payments. They have also founded this company.
Microchip Payments is a funded company, having raised a total of $30.75K across 2 funding rounds to date.
Annual revenue of Microchip Payments is $15.97K as on Mar 31, 2020.
Digital payment solutions for diversified event businesses. Offers a mobile app named PayEasy, that enables payments in both online and offline modes. It features solutions for digital transactions, autonomous delivery and ordering services, and mobile payments in crowded areas like stadiums, rural places, highways, and more.
Microchip Payments has 3 investors. Key investors include Deshpande Startups, Startup Karnataka, and Sandbox Startups.
The valuation of Microchip Payments is $304K as of Mar 2018.