About New Gen Payments
New Gen Payments is a Retail company based in Amsterdam (Netherlands) founded in 2014 by Jaswant Lal Jhamb and Shakuntala Jhamb. A payment gateway and end-to-end e-commerce store builder are provided. It operates in the Retail and Financial Services sectors. New Gen Payments has raised $598.26 thousand across 3 funding rounds. New Gen Payments offers products and services including Karma, Intelligent Routing, QR and Payment Link, Split Payments, and White Label Payments. Its focus areas include E-Commerce Enablers, Payments, Gateway and FinTech. Its legal entity in India is Newgen Payment Gateway Private Limited (U72900DL2013PTC257716).
Company details
Newgen was founded in 2014 in Amsterdam, Netherlands, within the fintech and e-commerce sector. A payment gateway for mobile and online sites is offered, with API integration supporting features such as cash on delivery, real-time reporting, and analytics. An end-to-end solution for e-commerce is also provided, allowing businesses to establish and manage online stores across operations.
- Headquarters Amsterdam, Netherlands
- Founders Jaswant Lal Jhamb, Shakuntala Jhamb
- SectorsRetailFinancial Services
- Website newgenpayments.com
- Social LinkedIn X Facebook
- Legal Name Newgen Payment Gateway Private Limited
- Date of Incorporation 12 Sep, 2013
- Jurisdiction New Delhi, Delhi, India
- Indian entity revenue₹82,889
FY 2023 · -98% YoY
- Indian entity net loss-₹7.9 Lakh
FY 2023 · -958% margin
- Indian entity EBITDA-₹13.6 Lakh
FY 2023 · -1640% margin
- Total Equity Funding$598.26K (USD)
in 3 rounds
- Latest Funding Round$164.11K (USD), Seed
Mar 2016
Associated legal entities of New Gen Payments
New Gen Payments operates through Newgen Payment Gateway Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Newgen Payment Gateway Private Limited CIN U72900DL2013PTC257716 | Under Liquidation | 12 Sep 2013 | New Delhi, Delhi | ₹0.0 Cr | 5 | View details |
Products & Services of New Gen Payments
New Gen Payments offers a comprehensive portfolio of products and services, including Karma, Intelligent Routing, QR and Payment Link, Split Payments, and White Label Payments.
Real-time fraud detection using machine learning for secure transactions.
Optimizes transaction flow to reduce fees and increase acceptance rates.
Enables quick payments via QR codes and links for seamless transactions.
Allows users to divide costs easily among multiple parties online.
Provides branded payment pages for enhanced customer experience.
Funding Insights of New Gen Payments
New Gen Payments has successfully raised a total of $598.26K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $164.11 thousand completed in March 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 $598,260
- Total Rounds 3
- Last Round Seed — $164,106
- First Round $262,246
(Sep 2014)
All 3 funding rounds of New Gen Payments 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 |
|---|---|---|---|---|---|
| Mar 2016 | $164,106 | Seed | – | – | – |
| Jun 2015 | $171,908 | Seed | – | – | – |
| Sep 2014 | $262,246 | Seed | – | – | – |
Board of directors of Newgen Payment Gateway Private Limited (New Gen Payments)
Newgen Payment Gateway Private Limited is the primary company behind New Gen Payments. The board of Newgen Payment Gateway Private Limited currently have 4 directors; the longest-serving is Jaswant Lal Jhamb, appointed in 2013. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jaswant Lal Jhamb DIN 06626597 | Director | 12 Sep 2013 | 13 yrs 2 mo | Newgen Payment Gateway Private Limited |
| Shakuntala Jhamb DIN 06626609 | Director | 12 Sep 2013 | 13 yrs 2 mo | Newgen Payment Gateway Private Limited |
| Sunil Jhamb DIN 07395931 | CEO | 07 Sep 2015 | 11 yrs 2 mo | Newgen Payment Gateway Private Limited |
| Deepak Goyal Kumar DIN 06691551 | IRP/RP/Liquidator | 29 Dec 2023 | 2 yrs 10 mo | Newgen Payment Gateway Private Limited |
People of New Gen Payments
2 people are tracked at New Gen Payments (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for New Gen Payments
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of New Gen Payments
Figures of Newgen Payment Gateway Private Limited, the primary company behind New Gen Payments, for FY 2023. Revenue was ₹82,889 (-98% year on year). Net loss was -₹7.9 Lakh (-958% margin). EBITDA was -₹13.6 Lakh (-1640% margin). Revenue has grown at a compounded annual rate of -83% over three years and -61% over five years.
- ₹82,889Revenue · FY 2023 · -98% YoY
- -₹7.9 LakhNet loss · -958% margin
- -₹13.6 LakhEBITDA · -1640% margin
- ₹1.7 LakhPaid-up capital
- -83%Revenue CAGR, 3 years
- -61%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Newgen Payment Gateway Private Limited are on its company page.
Detailed financial statements for New Gen Payments
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of New Gen Payments
3 dated milestones of New Gen Payments across 2 years, from founding to its latest funding, stage changes and deals.
- Founded New Gen Payments is founded.
- Funding First funding round of $262K.
- Funding Latest funding round, Seed, of $164K.
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Related news about New Gen Payments
Complete news archive for New Gen Payments
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Frequently Asked Questions about New Gen Payments
New Gen Payments was founded in 2014.
New Gen Payments is headquartered in Amsterdam, Netherlands.
New Gen Payments is a funded company, having raised a total of $598.26K across 3 funding rounds to date. The company's 1st funding round was a Seed of $262.25K, raised on Sep 2014.
The primary company behind New Gen Payments, Newgen Payment Gateway Private Limited, reported revenue of ₹82,889 for FY 2023, down 98% year on year.
Newgen was founded in 2014 in Amsterdam, Netherlands, within the fintech and e-commerce sector. A payment gateway for mobile and online sites is offered, with API integration supporting features such as cash on delivery, real-time reporting, and analytics. An end-to-end solution for e-commerce is also provided, allowing businesses to establish and manage online stores across operations.
New Gen Payments offers Karma, Intelligent Routing, QR and Payment Link, Split Payments, and White Label Payments.
New Gen Payments operates through Newgen Payment Gateway Private Limited.
The legal entities of New Gen Payments currently have 4 directors, including Jaswant Lal Jhamb, Shakuntala Jhamb, Deepak Goyal Kumar and others.