About Mindgate
Mindgate is a company based in Mumbai (India) founded in 2008 by Guhan Muthusamy and George Sam.. Mindgate has raised $10.05 million across 2 funding rounds from investors including PayU and ACI Worldwide. The company has 948 employees as of April 09, 2024. Mindgate offers products and services including Retail Payments, Corporate Cash Management, Government Solutions, Central Infrastructure, and Reconciliation & Settlement. Mindgate operates in a competitive market with competitors including Episode Six, Wibmo, Silot, Paydiant and Thepeer, among others.
- Headquarter Mumbai, India
- Employees 948 as on 09 Apr, 2024
- Founders Guhan Muthusamy, George Sam
- 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 Mindgate Solutions Private Limited
- Date of Incorporation 07 Jul, 2008
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$19.46 M (USD)0as on Mar 31, 2022
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Net Profit
$3.14 M (USD)0as on Mar 31, 2022
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EBITDA
$3.55 M (USD)0as on Mar 31, 2022
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Total Equity Funding
$10.05 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
PayU
& 1 more
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Employee Count
948
as on Apr 09, 2024
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Products & Services of Mindgate
Mindgate offers a comprehensive portfolio of products and services, including Retail Payments, Corporate Cash Management, Government Solutions, Central Infrastructure, and Reconciliation & Settlement. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
End-to-end solution for retail transaction banking services.
Platform for digital corporate collections and payments.
Advanced framework for government banking workflows.
System for national payment transformations and settlements.
Tools for dispute resolution and transaction reconciliation.
Unlock access to complete
Funding Insights of Mindgate
Mindgate has successfully raised a total of $10.05M 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(03 Jun 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series A - Mindgate | Valuation |
investors |
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| Jun, 2019 | Amount | Series A - Mindgate | Valuation | ACI Worldwide |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mindgate
Mindgate has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include PayU and ACI Worldwide. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Online payment processing and credit solutions are provided for businesses.
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Founded Year | Domain | Location | |
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Digital payments are processed and managed via specialized solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mindgate
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mindgate
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mindgate Comparisons
Competitors of Mindgate
Mindgate 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 Episode Six, Wibmo, Silot, Paydiant and Thepeer, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
API-linked payment gateway solutions are provided for diverse transactions.
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| domain | founded_year | HQ Location |
Digital payment solutions are provided to banks, merchants, and consumers.
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| domain | founded_year | HQ Location |
AI-enabled banking software and merchant solutions are provided.
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| domain | founded_year | HQ Location |
White-labeled mobile payment solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment processing solutions are offered to businesses for various transactions.
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| domain | founded_year | HQ Location |
White label wallet solutions are offered via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mindgate
Frequently Asked Questions about Mindgate
When was Mindgate founded?
Mindgate was founded in 2008 and raised its 1st funding round 11 years after it was founded.
Where is Mindgate located?
Mindgate is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Mindgate a funded company?
Mindgate is a funded company, having raised a total of $10.05M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10.05M, raised on Jun 03, 2019.
How many employees does Mindgate have?
As of Apr 09, 2024, the latest employee count at Mindgate is 948.
What is the annual revenue of Mindgate?
Annual revenue of Mindgate is $19.46M as on Mar 31, 2022.
What does Mindgate do?
Mindgate was founded in 2008 and is based in Mumbai, India, within the fintech sector. A digital payment platform is offered, encompassing retail payment processing, transaction banking solutions, and infrastructure for central entities. Reconciliation and settlement processes are handled for merchants and third-party application providers. Support is extended to government solutions and associated payment ecosystems.
Who are the top competitors of Mindgate?
Mindgate's top competitors include Episode Six, Wibmo and Silot.
What products or services does Mindgate offer?
Mindgate offers Retail Payments, Corporate Cash Management, Government Solutions, Central Infrastructure, and Reconciliation & Settlement.
Who are Mindgate's investors?
Mindgate has 2 investors. Key investors include PayU, and ACI Worldwide.
What is Mindgate's valuation?
The valuation of Mindgate is $60.93M as of Jun 2019.
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