About Obopay
Obopay is a company based in Bengaluru (India) founded in 2005 by Desikachari Padmanabhan was acquired by BillPin in April 2013. Obopay has raised $144.76 million across 7 funding rounds from investors including Qualcomm, Citi and Société Générale. The company has 16 employees as of April 09, 2024. Obopay has completed 1 acquisition, including Mubble. Obopay offers products and services including Mobile Payment Solutions, Business Solutions, Agent Solutions, OBOPAY Card, and Distribution Management System. Obopay operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Adyen, among others.
- Headquarter Bengaluru, India
- Employees 16 as on 09 Apr, 2024
- Founders Desikachari Padmanabhan
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Obopay Mobile Technology India Private Limited
- Date of Incorporation 06 Mar, 2007
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$543.43 K (USD)-20.66as on Mar 31, 2023
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Net Profit
-$249.15 K (USD)25.05as on Mar 31, 2023
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EBITDA
-$105.4 K (USD)63.39as on Mar 31, 2023
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Total Equity Funding
$144.76 M (USD)
in 7 rounds
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Latest Funding Round
$15 M (USD), Debt – Conventional
Oct 29, 2017
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Investors
Qualcomm
& 12 more
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Employee Count
16
as on Apr 09, 2024
- Investments & Acquisitions
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Acquired by
BillPin
(Apr 03, 2013)
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Products & Services of Obopay
Obopay offers a comprehensive portfolio of products and services, including Mobile Payment Solutions, Business Solutions, Agent Solutions, OBOPAY Card, and Distribution Management System.
Platform for money management and secure transactions
Reliable system for quick and safe business dealings
Scalable tool to expand market reach and agent networks
Card for handling mobile money and related queries
System to manage and extend distribution channels
People of Obopay
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Funding Insights of Obopay
Obopay has successfully raised a total of $144.76M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $15 million completed in October 2017. 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 Obopay
Obopay has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Qualcomm, Citi and Société Générale.
| Investor | Description | Founded Year | Domain | Location |
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Private debt fund focused on multiple sectors
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Early stage VC firm investing in the US
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Redpoint Ventures is engaged in venture capital investments.
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Investor details for Obopay
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Investments & Acquisitions by Obopay
Obopay has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Mubble.
Investment portfolio details for Obopay
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Mobile based prepaid bill application
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Locked | Locked | 2013 | Locked |
Complete acquisition details for Obopay
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
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- Acquired stakes
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Financial Statements - Obopay
Detailed financials for Obopay
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Obopay Comparisons
Peer comparison for Obopay
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Competitors of Obopay
Obopay 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 Stripe, Razorpay, Flutterwave, PayU and Adyen, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment processing and card issuance solutions are provided for businesses.
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Payment and business banking solutions are provided for enterprises.
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Provider of payment processing solutions for businesses
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Online payment processing and credit solutions are provided for businesses.
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Payment issuance and processing solutions are provided for businesses.
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Digital payments and engagement solutions are offered for MSMEs.
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Detailed competitors of Obopay
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Latest news on Obopay
Complete news archive for Obopay
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- Brand-specific news history
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Frequently Asked Questions about Obopay
Obopay was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Obopay is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Obopay is a funded company, having raised a total of $144.76M across 7 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Obopay is 16.
Annual revenue of Obopay is $543.43K as on Mar 31, 2023.
Obopay was founded in 2005 in Bengaluru, India, within the fintech sector. Mobile payment solutions are offered to businesses, allowing consumers and businesses to handle purchases, payments, and money transfers using mobile apps, text messages, mobile web, or the Obopay.com platform. Operations are supported across all mobile phones and carriers, with a focus on accessibility in emerging markets.
Obopay offers Mobile Payment Solutions, Business Solutions, Agent Solutions, OBOPAY Card, and Distribution Management System.
Obopay has made 1 acquisition, including Mubble.
Obopay has 13 investors. Key investors include Qualcomm, Citi, Société Générale, Nokia, and Banque Atlantique.