About Money On Mobile
Money On Mobile is a publicly listed company based in Mumbai (India) founded in 2006 by Ranjeet Oak, Shashank Joshi, Jolly Mathur, and Rajat Sharma. It operates as a mobile bill payment platform is offered for recharges and transactions. Money On Mobile has raised $574.33 thousand across 8 funding rounds from investors including S7 Group. The company has 24 employees. Its focus areas include FinTech, Payments, Consumer Payments and Vertical Payments. Its competitors include Paymatrix, Komparify, EG Payment, Payrup and Paulpay and 4 more; 2 of its 9 listed competitors have raised funding.
Company details
Founded in 2006 in Mumbai, India, Money On Mobile operates in the fintech sector. A mobile bill payment platform is provided, enabling users to handle payments for utilities, mobile and DTH recharges, travel tickets, and insurance premiums. Financial transactions are facilitated through retail outlets and digital channels, supporting accessibility across various user needs in the Indian market.
- Headquarters Mumbai, India
- Employees 24
- Founders Ranjeet Oak, Shashank Joshi, Jolly Mathur, Rajat Sharma
- Stage Public
- SectorsFinancial Services
- Email••••••••
- Website moneyonmobile.store
- Social Facebook
- Annual Revenue$4.26 M (USD)-32as on Mar 31, 2017
- Net Profit-$10.01 M (USD)37as on Mar 31, 2017
- EBITDA-$12.43 M (USD)26as on Mar 31, 2017
- Total Equity Funding$574.33K (USD)
in 8 rounds
- Latest Funding Round$5M (USD), Post-IPO
Feb 2018
- Investors
- Employee Count24
Associated legal entities of Money On Mobile
Money On Mobile is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Digital Payments Processing Limited CIN U74120MH2012PLC227020 | Active | 16 Feb 2012 | Mumbai, Maharashtra | ₹111 Cr | 264 | 5 | View details |
| My Mobile Payments Limited CIN U72900MH2010PLC203640 | Active | 02 Jun 2010 | Mumbai, Maharashtra | ₹680 Cr | 24 | 12 | View details |
Funding Insights of Money On Mobile
Money On Mobile has successfully raised a total of $574.33K across 8 strategic funding rounds. The most recent funding activity was a Post-IPO round of $5 million completed in February 2018. 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 $574,332
- Total Rounds 8
- Last Round Post-IPO — $5M
- First Round $574,332
(Mar 2011)
- Investors Count 1
All 8 funding rounds of Money On Mobile with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2018 | $5M | Post-IPO | – | – | |
| Jan 2018 | $7.6M | Post-IPO | – | – | – |
| Jan 2018 | $5.7M | Post-IPO | – | – | – |
| Nov 2017 | $490,000 | Post-IPO | – | – | – |
| May 2017 | $120,000 | Post-IPO | – | – | – |
| Jan 2017 | $300,000 | Post-IPO | – | – | – |
| Sep 2013 | $29.7M | Post-IPO | – | – | – |
| Mar 2011 | $574,332 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Money On Mobile
Money On Mobile has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include S7 Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are directed toward India and Russia. | – | s7group.com | Santa Monica, United States |
Investor details for Money On Mobile
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Board of directors of Money On Mobile
The boards of the 2 registered companies of Money On Mobile currently have 13 directors; the longest-serving is Shashank Manohar Joshi, appointed in 2010. 23 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shashank Manohar Joshi DIN 01393525 | Director | 02 Jun 2010 | 16 yrs 4 mo | My Mobile Payments Limited |
| Jolly Krishanmurari Mathur DIN 01241474 | Whole-time director | 02 Jun 2010 | 16 yrs 4 mo | My Mobile Payments Limited |
| Sushil Poddar DIN 00325400 | Director | 28 Sep 2011 | 15 yrs | My Mobile Payments Limited |
| Rajat Kumar Sharma DIN 03024125 | Director | 16 Feb 2012 | 14 yrs 8 mo | Digital Payments Processing Limited, My Mobile Payments Limited |
| Harold Hench Montgomery DIN 05192670 | Director | 12 Mar 2012 | 14 yrs 7 mo | Digital Payments Processing Limited, My Mobile Payments Limited |
| Scott Shiao Arey DIN 03595932 | Director | 03 Jun 2015 | 11 yrs 4 mo | Digital Payments Processing Limited, My Mobile Payments Limited |
| Asha Manohar Joshi DIN 06629663 | Director | 31 Jul 2015 | 11 yrs 2 mo | My Mobile Payments Limited |
| Ranjeet Anand Oak DIN 02803714 | Director | 20 Jul 2016 | 10 yrs 3 mo | My Mobile Payments Limited |
| Pallavi Parihar DIN 07911714 | Director | 25 Sep 2017 | 9 yrs | Digital Payments Processing Limited, My Mobile Payments Limited |
| Vinamra Shastri DIN 02456811 | Additional Director | 01 Aug 2018 | 8 yrs 2 mo | My Mobile Payments Limited |
| Abhishek Verma DIN 07722754 | Additional Director | 01 Aug 2018 | 8 yrs 2 mo | My Mobile Payments Limited |
| Ram Nawal Verma DIN 02509451 | Additional Director | 01 Aug 2018 | 8 yrs 2 mo | My Mobile Payments Limited |
| Mohamed Siddique Ibrahim Lakdawala DIN 00180829 | Additional Director | 28 Dec 2018 | 7 yrs 9 mo | Digital Payments Processing Limited |
People of Money On Mobile
4 people are tracked at Money On Mobile (4 in leadership); the tracked headcount is 24.
| Name | Role | Group |
|---|---|---|
| Co-Founder & President | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Money On Mobile
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Financials of Money On Mobile
Figures of Digital Payments Processing Limited, the primary company behind Money On Mobile, for FY 2018. Revenue was ₹111 Cr (-84% year on year). Net loss was -₹17.61 Cr (-16% margin). EBITDA was -₹13.72 Cr (-12% margin).
- ₹111 CrRevenue · FY 2018 · -84% YoY
- -₹17.61 CrNet loss · -16% margin
- -₹13.72 CrEBITDA · -12% margin
- ₹5.57 CrPaid-up capital
- 264Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Digital Payments Processing Limited are on its company page.
Detailed financial statements for Money On Mobile
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Money On Mobile
4 dated milestones of Money On Mobile across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Money On Mobile is founded.
- Funding First funding round of $574K.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $5.0M.
Competitors of Money On Mobile
Money On Mobile has 9 listed competitors in our database, 2 of them funded. They include Paymatrix, Komparify, EG Payment, Payrup and Paulpay, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| paymatrix.in | 2015 | Hyderabad, India | $618,681 | 28 | Rent payments and collections are streamlined via a SaaS platform. | |
| komparify.com | 2011 | Chennai, India | – | – | Provides a platform for comprehensive digital coupon solutions to enhance online shopping. | |
| egpayment.com | 2021 | Jaipur, India | – | – | Digital platform for mobile recharges, bill payments, and gold investments services. | |
| payrup.com | 2017 | Bengaluru, India | – | 49 | Digital wallet for mobile recharges, utility payments, and travel services. | |
| paulpay.in | 2017 | Chandigarh, India | – | 746 | Provides a mobile app for convenient mobile recharges and bill payments. | |
| autope.in | 2006 | Gurugram, India | – | – | Provides FinTech solutions for smart payments, microfinance, and transaction automation services. | |
| paytmpayments.com | 2009 | Noida, India | – | – | Offers payment gateways, links, and services for online transactions and business payments. | |
| niflr.com | 2017 | Bengaluru, India | $680,357 | – | Omnichannel grocery retail is operated through self-checkout stores. | |
| innopay.in | 2023 | Bengaluru, India | – | 72 | Money transfers and bill payments are facilitated via mobile app. |
Detailed competitors of Money On Mobile
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Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as Money On Mobile (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Related news about Money On Mobile
Complete news archive for Money On Mobile
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Frequently Asked Questions about Money On Mobile
Money On Mobile was founded in 2006 and raised its 1st funding round 5 years after it was founded.
Money On Mobile is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Money On Mobile is a funded company, having raised a total of $574.33K across 8 funding rounds to date. The company's 1st funding round was a Seed of $574.33K, raised on Mar 2011.
Money On Mobile has 24 employees.
Annual revenue of Money On Mobile is $4.26M as on Mar 31, 2017.
Founded in 2006 in Mumbai, India, Money On Mobile operates in the fintech sector. A mobile bill payment platform is provided, enabling users to handle payments for utilities, mobile and DTH recharges, travel tickets, and insurance premiums. Financial transactions are facilitated through retail outlets and digital channels, supporting accessibility across various user needs in the Indian market.
Money On Mobile's top competitors include Paymatrix, Komparify and Paytm Payments.
Money On Mobile has 1 investor. Key investors include S7 Group.
Money On Mobile is associated with 2 legal entities: Digital Payments Processing Limited, My Mobile Payments Limited.
The legal entities of Money On Mobile currently have 13 directors, including Harold Hench Montgomery, Scott Shiao Arey, Pallavi Parihar and others.