About Nupay
Nupay is a company based in Gurugram (India) founded in 2018 by Neeraj Singh and Alok Arora. It operates as a API-as-a-Product and FinTech. Nupay has raised $1.55 million across 4 funding rounds from investors including Venture Catalysts, Italica and Pranjal Corporate Services. The company has 26 employees as of April 05, 2024. Nupay offers products and services including iRP, autoNACH, and Embedded Finance. Nupay operates in a competitive market with competitors including ION Group, Vyapar, Backbase, Cashinvoice and IppoPay, among others.
- Headquarter Gurugram, India
- Employees 26 as on 05 Apr, 2024
- Founders Neeraj Singh, Alok Arora
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Entellus Business Solutions Pvt Ltd
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$6.55 M (USD)112.65as on Mar 31, 2023
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Net Profit
-$571.57 K (USD)-31.8as on Mar 31, 2023
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EBITDA
-$531.46 K (USD)-44.28as on Mar 31, 2023
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Total Equity Funding
$1.55 M (USD)
in 4 rounds
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Latest Funding Round
$708.44 K (USD), Seed
Apr 07, 2022
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Investors
Venture Catalysts
& 71 more
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Employee Count
26
as on Apr 05, 2024
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Products & Services of Nupay
Nupay offers a comprehensive portfolio of products and services, including iRP, autoNACH, and Embedded Finance.
Integrated platform for receivables and payables automation provided.
Recurring payments are collected through eMandates and BBPS.
Financial products like loans and accounts are offered.
People of Nupay
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Funding Insights of Nupay
Nupay has successfully raised a total of $1.55M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $708.44 thousand completed in April 2022. 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.
Investors in Nupay
Nupay has secured backing from 72 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Venture Catalysts, Italica and Pranjal Corporate Services.
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Business solutions for retailers are provided by Vista Business Ventures.
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Investor details for Nupay
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Investments & Acquisitions by Nupay
Investment portfolio details for Nupay
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Financial Statements - Nupay
Detailed financials for Nupay
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Nupay Comparisons
Peer comparison for Nupay
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Competitors of Nupay
Nupay 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 ION Group, Vyapar, Backbase, Cashinvoice and IppoPay, among others.
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Treasury management solutions are provided for financial institutions and banks.
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Cloud-based invoicing and inventory tools for small businesses are provided.
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AI-powered banking platforms are provided for operational growth.
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Online platform offering cash flow automation and business loans
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QR codes and UPIs are used for business payment acceptance.
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SaaS solutions for accounts receivables management are delivered to businesses.
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Detailed competitors of Nupay
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Latest news on Nupay
Complete news archive for Nupay
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Frequently Asked Questions about Nupay
Nupay was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Nupay is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Alok Arora is the current CEO of Nupay. They have also founded this company.
Nupay is a funded company, having raised a total of $1.55M across 4 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Nupay is 26.
Annual revenue of Nupay is $6.55M as on Mar 31, 2023.
Nupay is established as an API infrastructure provider that enables enterprises to integrate fintech solutions seamlessly. Services are offered in open banking, payment collection, and embedded finance. Solutions are provided for bank payouts, recurring payments, and financial products like loans and accounts. The company operates within the fintech sector, focusing on automation and reconciliation across multiple banks. Enterprises are supported with tools to manage receivables, payables, and invoicing efficiently.
Nupay offers iRP, autoNACH, and Embedded Finance.
Nupay has 72 investors. Key investors include Venture Catalysts, Italica, Pranjal Corporate Services, Harden Bricks, and Vista Business Ventures.
The valuation of Nupay is $3.87M as of Oct 2020.