About Pay Point India
Pay Point India is a company based in Mumbai (India) founded in 2007 by Nilesh Mundada and Ketan Doshi. Pay Point India has raised $7.74 million across 6 funding rounds from investors including Prime Capital Market Ltd, Shriambepunjinivesh and Fernsgroup. The company has 157 employees as of April 06, 2024. Pay Point India offers products and services including Digi Kiosk, Micro ATM, and Instant Money Transfer. Pay Point India operates in a competitive market with competitors including Dvara KGFS, Kaleidofin, Spice Money, PayNearby and Suvidhaa, among others.
- Headquarter Mumbai, India
- Employees 157 as on 06 Apr, 2024
- Founders Nilesh Mundada, Ketan Doshi
- Stage Minicorn
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Sectors
Financial Services
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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 Pay Point India Network Private Limited
- Date of Incorporation 16 Sep, 2005
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$17.84 M (USD)16.92as on Mar 31, 2024
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Net Profit
$867.39 K (USD)2.13as on Mar 31, 2024
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EBITDA
$1.55 M (USD)10.95as on Mar 31, 2024
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Total Equity Funding
$7.74 M (USD)
in 6 rounds
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Latest Funding Round
$4 M (USD), Seed
Jan 06, 2025
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Investors
Prime Capital Market Ltd.
& 12 more
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Employee Count
157
as on Apr 06, 2024
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Products & Services of Pay Point India
Pay Point India offers a comprehensive portfolio of products and services, including Digi Kiosk, Micro ATM, and Instant Money Transfer.
Platform for managing and growing mini bank branches efficiently.
Device for cash withdrawals from debit and credit cards.
Service for quick money transfers between bank accounts.
People of Pay Point India
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Funding Insights of Pay Point India
Pay Point India has successfully raised a total of $7.74M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $4 million completed in January 2025. 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 Pay Point India
Pay Point India has secured backing from 13 investors, including institutional and angel investors. Prominent investors backing the company include Prime Capital Market Ltd, Shriambepunjinivesh and Fernsgroup.
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Delivers infrastructure services for gas, water, telecoms, aggregates, and recycling in the UK.
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Provider of physical security services
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Investor details for Pay Point India
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Investments & Acquisitions by Pay Point India
Investment portfolio details for Pay Point India
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Financial Statements - Pay Point India
Detailed financials for Pay Point India
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Pay Point India Comparisons
Peer comparison for Pay Point India
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Competitors of Pay Point India
Pay Point India 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 Dvara KGFS, Kaleidofin, Spice Money, PayNearby and Suvidhaa, among others.
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Loans for consumers and SMEs are provided alongside financial services.
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Provider of financial technology solutions for inclusive lending
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Digital payment and banking service provider in rural areas
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Digital payment and banking services are facilitated via retail partnerships.
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Tech-enabled financial and e-commerce services are delivered via retail outlets.
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Detailed competitors of Pay Point India
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Latest news on Pay Point India
Complete news archive for Pay Point India
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Frequently Asked Questions about Pay Point India
Pay Point India was founded in 2007.
Pay Point India is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Pay Point India is a funded company, having raised a total of $7.74M across 6 funding rounds to date.
As of Apr 06, 2024, the latest employee count at Pay Point India is 157.
Annual revenue of Pay Point India is $17.84M as on Mar 31, 2024.
Pay Point India was established in 2007 in Mumbai, India, within the digital financial services sector. Operations are conducted through an agent network that enables retailers to deliver money transfers, bill payments, mobile recharges, insurance products, travel bookings, and e-commerce options. Kiosk banking and micro ATMAEPS facilities are supported, allowing cash withdrawals. Service expansions are pursued to support retailer earnings and customer accessibility in the Indian market.
Pay Point India's top competitors include Spice Money, Kaleidofin and PayNearby.
Pay Point India offers Digi Kiosk, Micro ATM, and Instant Money Transfer.
Pay Point India has 13 investors. Key investors include Prime Capital Market Ltd, Shriambepunjinivesh, Fernsgroup, Win Win Security, and Sajit Suvarna.
The valuation of Pay Point India is $8.67M as of Feb 2016.