About NPay
NPay is a Financial Services company based in Hyderabad (India) founded in 2019 by Akash Chode and Vineet Dontamsetty. Provider of diversified payment gateway solution for businesses. Its Indian entity Nayaseva Services Private Limited reported revenue of ₹16 Lakh. NPay offers products and services including Powerful API, Payment Analytics, SplitPay, and Share Link. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its competitors include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed competitors have raised funding.
Company details
NPay was founded in 2019 in Hyderabad, India, as a fintech provider specializing in payment gateway services. Multiple online payment methods, including QR-code acceptance and payment links, are enabled for businesses to handle subscriptions and bill payments such as electricity, broadband, and cable TV. Operations focus on integrating diverse applications to facilitate secure and efficient transactions across various sectors.
- Headquarters Hyderabad, India
- Founders Akash Chode, Vineet Dontamsetty
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website npayapp.com
- Social LinkedIn X Facebook
- Legal Name Nayaseva Services Private Limited
- Date of Incorporation 11 Dec, 2019
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹16 Lakh
FY 2024 · +425% YoY
- Net Loss-₹6.3 Lakh
FY 2024 · -39% margin
- EBITDA-₹6.1 Lakh
FY 2024 · -38% margin
- Investors
Associated legal entities of NPay
NPay operates through Nayaseva Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nayaseva Services Private Limited CIN U51909TG2019PTC137494 | Active | 11 Dec 2019 | Hyderabad, Telangana | ₹0.2 Cr | 2 | View details |
Products & Services of NPay
NPay offers a comprehensive portfolio of products and services, including Powerful API, Payment Analytics, SplitPay, and Share Link.
API for seamless business payment collection and processing.
Tool to analyze and optimize payment transactions for businesses.
Service to split customer payments among branches efficiently.
Link generation for easy and secure payment acceptance.
Funding Insights of NPay
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of NPay 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 |
|---|---|---|---|---|---|
| Jun 2022 | Grant | – | – |
1 investors in total: 1 institutional.
Investors in NPay
NPay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Social Innovation Lab.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Delivers digital solutions to enhance agricultural practices. | 2022 | silfortech.in | India |
Investor details for NPay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Nayaseva Services Private Limited (NPay)
Nayaseva Services Private Limited is the primary company behind NPay. The board of Nayaseva Services Private Limited currently have 2 directors; the longest-serving is Sivarami Reddy Chittemreddy, appointed in 2025. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sivarami Reddy Chittemreddy DIN 10931599 | Director | 18 Mar 2025 | 1 yr 7 mo | Nayaseva Services Private Limited |
| Kothapuli Venkatanarayanareddy DIN 10933801 | Director | 18 Mar 2025 | 1 yr 7 mo | Nayaseva Services Private Limited |
People of NPay
2 people are tracked at NPay (2 in leadership).
| Name | Role | Group |
|---|---|---|
Akash Chode | Co-Founder & CMO | Leadership |
Vineet Dontamsetty | Co-Founder & CTO | Leadership |
Complete people profiles for NPay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of NPay
Figures of Nayaseva Services Private Limited, the primary company behind NPay, for FY 2024. Revenue was ₹16 Lakh (+425% year on year). Net loss was -₹6.3 Lakh (-39% margin). EBITDA was -₹6.1 Lakh (-38% margin). Revenue has grown at a compounded annual rate of +742% over three years.
- ₹16 LakhRevenue · FY 2024 · +425% YoY
- -₹6.3 LakhNet loss · -39% margin
- -₹6.1 LakhEBITDA · -38% margin
- ₹1 LakhPaid-up capital
- +742%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Nayaseva Services Private Limited are on its company page.
Detailed financial statements for NPay
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 NPay
2 dated milestones of NPay across 3 years, from founding to its latest funding, stage changes and deals.
- Founded NPay is founded.
- Funding First funding round.
Competitors of NPay
NPay has 3 listed competitors in our database, 3 of them funded. They include Razorpay, Mintoak and Pine Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. |
Detailed competitors of NPay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of NPay
The website of NPay (npayapp.com) receives about 2.3K visits a month.
- Monthly visits2.3K
▲ 2517.2% vs previous month
Websites whose visitors overlap most with NPay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
npay.in | npay.in | 100% | #2,604,828 | – | |
npayindia.in | npayindia.in | 78% | #10,507,786 | – |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as NPay (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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 and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Frequently Asked Questions about NPay
NPay was founded in 2019 and raised its 1st funding round 3 years after it was founded.
NPay is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
The primary company behind NPay, Nayaseva Services Private Limited, reported revenue of ₹16 Lakh for FY 2024, up 425% year on year.
NPay was founded in 2019 in Hyderabad, India, as a fintech provider specializing in payment gateway services. Multiple online payment methods, including QR-code acceptance and payment links, are enabled for businesses to handle subscriptions and bill payments such as electricity, broadband, and cable TV. Operations focus on integrating diverse applications to facilitate secure and efficient transactions across various sectors.
NPay offers Powerful API, Payment Analytics, SplitPay, and Share Link.
NPay has 1 investor. Key investors include Social Innovation Lab.
NPay operates through Nayaseva Services Private Limited.
The legal entities of NPay currently have 2 directors, including Sivarami Reddy Chittemreddy, Kothapuli Venkatanarayanareddy.