About nanoPay
nanoPay is a company based in Toronto (Canada) founded in 2013.. nanoPay has raised $10 million across 2 funding rounds from investors including Goldman Sachs and Alchemist Accelerator. The company has 48 employees as of December 31, 2024. nanoPay offers products and services including RequestMoney, Payments, Virtual Cards, Treasury, and Remittance. nanoPay operates in a competitive market with competitors including Square, SpotOn, Clover, Clip and ShopKeep, among others.
- Headquarter Toronto, Canada
- Employees 48 as on 31 Dec, 2024
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Sectors
RetailFinancial 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series A
Oct 26, 2016
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Investors
Goldman Sachs
& 1 more
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Employee Count
48
as on Dec 31, 2024
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Products & Services of nanoPay
nanoPay offers a comprehensive portfolio of products and services, including RequestMoney, Payments, Virtual Cards, Treasury, and Remittance. 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.
Enables money requests for ecommerce and mobile payments.
Facilitates data-rich and traceable payment processing.
Manages one-time purchases and subscriptions with scheduling.
Handles fund pooling and payables through virtual accounts.
Supports international money transfers with competitive rates.
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Funding Insights of nanoPay
nanoPay has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in October 2016. 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 Series A — $10.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Series A - nanoPay | Valuation | Goldman Sachs |
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| Jan, 2015 | Amount | Seed - nanoPay | Valuation | Alchemist Accelerator |
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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 nanoPay
nanoPay has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Goldman Sachs and Alchemist Accelerator. 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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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Enterprise startups are accelerated via a 6-month program.
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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 nanoPay
| 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 - nanoPay
| 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 |
Nanopay Comparisons
Competitors of nanoPay
nanoPay 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 Square, SpotOn, Clover, Clip and ShopKeep, 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 |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Provider of cloud-based POS software solutions for businesses and service providers
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| domain | founded_year | HQ Location |
Cloud-based mPOS system for small business operations is offered.
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| domain | founded_year | HQ Location |
POS solutions are provided to offline retailers via mobile devices.
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| domain | founded_year | HQ Location |
Cloud-based point-of-sale software is provided for retailers and restaurants.
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| domain | founded_year | HQ Location |
Payment processing solutions are offered to merchants and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Nanopay
Frequently Asked Questions about nanoPay
When was nanoPay founded?
nanoPay was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is nanoPay located?
nanoPay is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is nanoPay a funded company?
nanoPay is a funded company, having raised a total of $10M across 2 funding rounds to date.
How many employees does nanoPay have?
As of Dec 31, 2024, the latest employee count at nanoPay is 48.
What does nanoPay do?
nanoPay was founded in 2013 in Toronto, Canada, and operates in the fintech sector focused on payment solutions. Cross-border transfers are facilitated for merchants accepting overseas payments for goods and services. APIs and liquidity management tools are provided to digitize transactions and mitigate risks. Domestic and international payments are supported via API integrations or customizable white-labeled interfaces.
Who are the top competitors of nanoPay?
What products or services does nanoPay offer?
nanoPay offers RequestMoney, Payments, Virtual Cards, Treasury, and Remittance.
Who are nanoPay's investors?
nanoPay has 2 investors. Key investors include Goldman Sachs, and Alchemist Accelerator.
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