About Mobileware Tech
Mobileware Tech is a company based in Mumbai (India) founded in 2008 by Satyajit Kanekar and Amitabh Kanekar was acquired by Kvanto in December 2020. Mobileware Tech has raised $5.27 million across 5 funding rounds from investors including Zaggle, Kvanto and Arvind Uppal. Mobileware Tech offers products and services including TransXT, UPI Switch, IMPS Switch, BBPS, and AePS. Mobileware Tech operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Mumbai, India
- Founders Satyajit Kanekar, Amitabh Kanekar
- 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 Mobileware Technologies Private Limited
- Date of Incorporation 22 Jan, 2010
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$839.42 K (USD)24.98as on Mar 31, 2022
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Net Profit
$39.39 K (USD)-35.37as on Mar 31, 2022
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EBITDA
$223.39 K (USD)50.59as on Mar 31, 2022
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Total Equity Funding
$5.27 M (USD)
in 5 rounds
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Latest Funding Round
$3 M (USD), Seed
Mar 26, 2025
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Investors
Zaggle
& 4 more
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Employee Count
Not available
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Acquired by
Kvanto
(Dec 22, 2020)
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Products & Services of Mobileware Tech
Mobileware Tech offers a comprehensive portfolio of products and services, including TransXT, UPI Switch, IMPS Switch, BBPS, and AePS.
Enables businesses to launch digital financial services through customizable APIs.
Facilitates secure and seamless UPI transactions for real-time payments.
Supports instant interbank transfers available 24/7 for efficient banking.
Simplifies bill management and enhances user engagement through interoperable platforms.
Enables cashless transactions in remote areas for financial inclusion initiatives.
Funding Insights of Mobileware Tech
Mobileware Tech has successfully raised a total of $5.27M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in March 2025. 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 Mobileware Tech
Mobileware Tech has secured backing from 5 investors, including institutional and angel investors. Prominent investors backing the company include Zaggle, Kvanto and Arvind Uppal.
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Business spends, payments, and rewards are streamlined by automated workflows.
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Payment processing and risk management services are provided by Kvanto.
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Arvind Uppal |
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Investor details for Mobileware Tech
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Mobileware Tech
Investment portfolio details for Mobileware Tech
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Mobileware Tech
Detailed financials for Mobileware Tech
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Mobileware Tech Comparisons
Peer comparison for Mobileware Tech
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
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Competitors of Mobileware Tech
Mobileware Tech 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 Mobileware Tech
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Mobileware Tech
Complete news archive for Mobileware Tech
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Mobileware Tech
Mobileware Tech was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Mobileware Tech is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Satyajit Kanekar is the current CEO of Mobileware Tech. They have also founded this company.
Mobileware Tech is a funded company, having raised a total of $5.27M across 5 funding rounds to date.
Annual revenue of Mobileware Tech is $839.42K as on Mar 31, 2022.
Developer of software solutions for the insurance and banking management. It provides users with UPI transactions and allows businesses to launch digital payment services. Itss product offerings include mobile payments platform, IMPS, agent management and enterprise admin, and travel and transport insurance platform, and more. The company also engages in providing application development and maintenance services.
Mobileware Tech offers TransXT, UPI Switch, IMPS Switch, BBPS, and AePS.
The valuation of Mobileware Tech is $8.62M as of Nov 2021.