About NuovoPay
NuovoPay is a Financial Services company based in Pune (India) founded in 2019 by Harishankar Kannan and Alok Londhe. It operates as a platform for risk management in device financing, repayments, and default prevention. It operates on a B2B and SaaS model in Financial Services and Technology sectors. The company has 170 employees. Its chief executive is Harishankar Kannan. Its website nuovopay.com draws about 34 thousand monthly visits. Its Indian entity Promobi Technologies Private Limited reported revenue of ₹205 Cr. NuovoPay offers products and services including NuovoPay Platform, Remote Lock Feature, and Automated Payment Reminder. Its focus areas include FinTech, Lending and Credit, Device Financing and Risk Management. Its competitors include Moneytor, Collekto, CLXNS, Tilicho Labs and Rezolv and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
NuovoPay is a Device Financing Risk Management platform that helps financial institutions and telecom carriers handle risks for devices like smartphones. It uses features such as default management, automation for payments, and integrations for credit assessments to reduce defaults and boost repayments. Based in Pune, India, it serves global clients including telecom operators and finance companies, ensuring compliance and secure operations.
- Headquarters Pune, India
- Employees 170
- Founders Harishankar Kannan, Alok Londhe
- SectorsFinancial ServicesTechnology
- Website category Computers Electronics and Technology · Telecommunications
- Website nuovopay.com
- Social LinkedIn X Facebook YouTube
- Legal Name Promobi Technologies Pvt. Ltd.
- Date of Incorporation 16 Jan, 2014
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹205 Cr
FY 2025 · +26% YoY
- Net Profit₹61.35 Cr
FY 2025 · 30% margin
- EBITDA₹82.95 Cr
FY 2025 · 40% margin
- Employee Count170
Associated legal entities of NuovoPay
NuovoPay operates through Promobi Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Promobi Technologies Private Limited CIN U74900PN2014PTC150210 | Active | 16 Jan 2014 | Pune, Maharashtra | ₹205 Cr | 170 | 2 | View details |
Products & Services of NuovoPay
NuovoPay offers a comprehensive portfolio of products and services, including NuovoPay Platform, Remote Lock Feature, and Automated Payment Reminder.
Manages EMI defaults and automates repayments for financed devices.
Secures financed devices by remotely locking them if needed.
Sends reminders to ensure timely repayments from users.
Apps and channels of NuovoPay
its YouTube channel NuovoPay has 147 subscribers and 8 videos.
Videos from NuovoPay
The most watched videos on NuovoPay's YouTube channel, NuovoPay (147 subscribers). Click a video to play it here.
More on NuovoPay.
Board of directors of Promobi Technologies Private Limited (NuovoPay)
Promobi Technologies Private Limited is the primary company behind NuovoPay. The board of Promobi Technologies Private Limited currently have 2 directors; the longest-serving is Arnab Chakraborty, appointed in 2014. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Arnab Chakraborty DIN 03477127 | Director | 16 Jan 2014 | 12 yrs 9 mo | Promobi Technologies Private Limited |
| Harishanker Kannan DIN 03477111 | Director | 16 Jan 2014 | 12 yrs 9 mo | Promobi Technologies Private Limited |
People of NuovoPay
2 people are tracked at NuovoPay (2 in leadership); the tracked headcount is 170.
| Name | Role | Group |
|---|---|---|
Harishankar Kannan | Co-Founder, CEO | Leadership |
Alok Londhe | Co-Founder | Leadership |
Complete people profiles for NuovoPay
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Financials of NuovoPay
Figures of Promobi Technologies Private Limited, the primary company behind NuovoPay, for FY 2025. Revenue was ₹205 Cr (+26% year on year). Net profit was ₹61.35 Cr (30% margin). EBITDA was ₹82.95 Cr (40% margin). Revenue has grown at a compounded annual rate of +39% over three years and +49% over five years.
- ₹205 CrRevenue · FY 2025 · +26% YoY
- ₹61.35 CrNet profit · 30% margin
- ₹82.95 CrEBITDA · 40% margin
- ₹11 LakhPaid-up capital
- 170Employees (provident fund records)
- +39%Revenue CAGR, 3 years
- +49%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Promobi Technologies Private Limited are on its company page.
Detailed financial statements for NuovoPay
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Competitors of NuovoPay
NuovoPay has 9 listed competitors in our database, 6 of them funded. They include Moneytor, Collekto, CLXNS, Tilicho Labs and Rezolv, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| moneytor.in | 2017 | Mumbai, India | $954,021 | – | Platform offering debt collecting solution | |
| collekto.in | 2018 | Mumbai, India | $127,698 | 26 | Fintech company specializing in retail debt collections | |
| clxns.in | 2021 | Mumbai, India | – | 50 | An AI-based debt collection platform is provided for banks. | |
| tilicho.in | 2015 | Visakhapatnam, India | – | – | Offers web development, mobile apps, UI/UX design, and cloud solutions to clients. | |
| getrezolv.com | 2024 | Mumbai, India | $3.5M | 23 | Platform for debt collection and recovery management is developed. | |
| srs-advisory.co.in | 1996 | Kolkata, India | – | 82 | Offers debt recovery and management services to banks and NBFCs across India. | |
| greymattertech.in | 2018 | Mumbai, India | $408,019 | 11 | Provider of farm loans | |
| docboyz.in | 2018 | Pune, India | $139,353 | 4 | An API-based solution for debt collection is provided. | |
| billcut.com | 2022 | Delhi, India | $121,771 | – | Customers' bills are reduced via seamless shifts to better deals. |
Detailed competitors of NuovoPay
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Web traffic of NuovoPay
The website of NuovoPay (nuovopay.com) receives about 34.5K visits a month and ranks #1,000,373 among all websites worldwide, #4,926 in Telecommunications.
- Monthly visits34.5K
▲ 3.4% vs previous month
- Unique visitors8.3K
per month
- Global rank#1,000,373
among all websites
- Category rank#4,926
Computers Electronics and Technology · Telecommunications
- Bounce rate64%
- Pages per visit1.9
- Average visit1 min 17 sec
- DevicesDesktop 61% · Mobile 39%
Websites whose visitors overlap most with NuovoPay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| trustonic.com | 100% | 46.6K | #519,009 | View details | |
| devicemax.com | 39% | 1.3K | #14,051,915 | View details | |
| datacultr.com | 35% | 3.1K | #4,585,712 | View details |
Top companies in Insurance Technology & Support Services
10 companies that operate in the same segment as NuovoPay (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | – | USD 1.48 B | 226 | |
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | – | – | |
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | – | 699 | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Uusimaa, Finland | USD 1.25 B | USD 111.51 M | 1,156 | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | 649 | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 215 M | – | 109 |
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Related news about Nuovopay
Complete news archive for NuovoPay
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Frequently Asked Questions about NuovoPay
NuovoPay was founded in 2019.
NuovoPay is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Harishankar Kannan is the current CEO of NuovoPay. They have also founded this company.
NuovoPay has 170 employees.
The primary company behind NuovoPay, Promobi Technologies Private Limited, reported revenue of ₹205 Cr for FY 2025, up 26% year on year.
NuovoPay is a Device Financing Risk Management platform that helps financial institutions and telecom carriers handle risks for devices like smartphones. It uses features such as default management, automation for payments, and integrations for credit assessments to reduce defaults and boost repayments. Based in Pune, India, it serves global clients including telecom operators and finance companies, ensuring compliance and secure operations.
NuovoPay offers NuovoPay Platform, Remote Lock Feature, and Automated Payment Reminder.
NuovoPay operates through Promobi Technologies Private Limited.
The legal entities of NuovoPay currently have 2 directors, including Arnab Chakraborty, Harishanker Kannan.