About NewPay
NewPay is a company based in Moscow (Russia) founded in 2017 was acquired by Yandex in November 2024. It operates as a FinTech, and Commission-Based. NewPay offers products and services including SBP Acquiring, Electronic Tips System, and QR Code Payments. NewPay operates in a competitive market with competitors including Welama Pay, among others.
- Headquarter Moscow, Russia
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Sectors
Financial Services
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Phone
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Website
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Products & Services of NewPay
NewPay offers a comprehensive portfolio of products and services, including SBP Acquiring, Electronic Tips System, and QR Code Payments. 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.
Payment processing through SBP for business transactions is provided.
Electronic tipping integrated into payment screens is offered.
QR code-based payments for in-store transactions are enabled.
Funding Insights of NewPay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 NewPay
NewPay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Yandex. 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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Blog focusing on music, market, video, and other related topics
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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 NewPay
| 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 - NewPay
| 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 |
Newpay Comparisons
Competitors of NewPay
NewPay 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 Welama Pay, 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 |
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| domain | founded_year | HQ Location |
Offers an app-based platform for seamless QR-code payment solutions.
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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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Frequently Asked Questions about NewPay
When was NewPay founded?
NewPay was founded in 2017.
Where is NewPay located?
NewPay is headquartered in Moscow, Russia.
What does NewPay do?
Payment processing services are offered by NewPay, focusing on SBP acquiring for businesses. Integration with popular systems is supported without requiring a change in settlement accounts. Customizable payment screens in brand style are provided, along with electronic tipping features. QR code payment options for in-store transactions and online store payments are facilitated. Mobile and web-based personal cabinets for operation statistics are made available to users in the financial technology sector.
Who are the top competitors of NewPay?
NewPay's top competitors include Welama Pay.
What products or services does NewPay offer?
NewPay offers SBP Acquiring, Electronic Tips System, and QR Code Payments.
Who are NewPay's investors?
NewPay has 1 investor. Key investors include Yandex.
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