About Pay3
Pay3 is a Financial Services company based in San Francisco (United States) founded in 2021 by Rajiv Thondanoor and Priya Karnik. Global payment solutions are provided for digital commerce transactions. It operates on a API-as-a-Product, Commission-Based, and FinTech model. Pay3 has raised $583.06 thousand across 1 funding round from investors including Speciale Invest, Multiply Ventures and Gemba Capital. The company has 7 employees. Pay3 was last valued at $7.1 million in October 2022. Its Indian entity Minasa Technologies India Private Limited reported revenue of ₹3.54 Cr. Pay3 offers products and services including Stablecoin Payments, Local Payments, and Agentic AI Payments. Its focus areas include Payment Processing and Digital Payments. Its competitors include Coinflow, Ava Protocol and Voltage; 3 of its 3 listed competitors have raised funding.
Company details
Seamless global payment solutions are offered by Pay3, focusing on digital commerce. Transactions are supported through cards, local payments, stablecoins, and cryptocurrencies across over 100 countries. Various payment methods, including instant payments, mobile wallets, and bank transfers, are integrated. Solutions for in-game payments, e-commerce checkouts, cross-border payments, microtransactions, and subscriptions are provided. Robust security measures and AI-driven payment routing are utilized to enhance transaction success rates and reduce fees. Comprehensive coverage across fiat currencies, cryptocurrencies, and local payment methods is ensured for a streamlined experience.
- Headquarters San Francisco, United States
- Employees 7
- Founders Rajiv Thondanoor, Priya Karnik
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Website pay3.money
- Social LinkedIn X
- Legal Name Minasa Technologies India Private Limited
- Date of Incorporation 07 Sep, 2022
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹3.54 Cr
FY 2024 · +59% YoY
- Indian entity net profit₹16.1 Lakh
FY 2024 · 5% margin
- Indian entity EBITDA₹30.6 Lakh
FY 2024 · 9% margin
- Total Equity Funding$583.06K (USD)
in 1 rounds
- Latest Funding Round$583.06K (USD), Seed
Oct 2022
- InvestorsSpeciale Invest
& 2 more
- Employee Count7
Associated legal entities of Pay3
Pay3 operates through Minasa Technologies India 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 |
|---|---|---|---|---|---|---|---|
| Minasa Technologies India Private Limited CIN U72900KA2022FTC165832 | Active | 07 Sep 2022 | Bangalore, Karnataka | ₹3.5 Cr | 7 | 2 | View details |
Products & Services of Pay3
Pay3 offers a comprehensive portfolio of products and services, including Stablecoin Payments, Local Payments, and Agentic AI Payments.
Stablecoin payments are facilitated for global digital transactions.
Local payment methods are supported across multiple countries.
AI-driven payments are enabled for autonomous transaction processing.
Funding Insights of Pay3
Pay3 has successfully raised a total of $583.06K through 1 strategic funding round. The most recent funding activity was a Seed round of $583.06 thousand completed in October 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.
- Total Funding $583,061
- Total Rounds 1
- Last Round Seed — $583,061
- First Round $583,061
(Oct 2022)
- Investors Count 3
All 1 funding rounds of Pay3 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 |
|---|---|---|---|---|---|
| Oct 2022 | $583,061 | Seed | $7.1M | Multiply Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2022 | $7.1M | •••••••• |
Last known valuation $7.1M (Oct 2022). 3 investors in total: 3 institutional.
Investors in Pay3
Pay3 has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Speciale Invest, Multiply Ventures and Gemba Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Potato farming, grain marketing, and equipment services are conducted in Maine. | 2019 | multiplyventures.com | Bengaluru, India | |
Venture capital firm backing startups in Fintech and Consumer Tech sectors. | 2017 | gembacapital.in | Bengaluru, India | |
Investing in deep tech startups with a focus on early-stage innovations in technology and engineering. | 2017 | specialeinvest.com | Bengaluru, India |
Investor details for Pay3
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Minasa Technologies India Private Limited (Pay3)
Minasa Technologies India Private Limited is the primary company behind Pay3. The board of Minasa Technologies India Private Limited currently have 2 directors; the longest-serving is Thondanoorprathivadi Bhayankaram Rajiv, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Thondanoorprathivadi Bhayankaram Rajiv DIN 09729880 | Director | 07 Sep 2022 | 4 yrs 1 mo | Minasa Technologies India Private Limited |
| Priya Karnik DIN 08237736 | Director | 07 Sep 2022 | 4 yrs 1 mo | Minasa Technologies India Private Limited |
People of Pay3
2 people are tracked at Pay3 (2 in leadership); the tracked headcount is 7.
| Name | Role | Group |
|---|---|---|
Rajiv Thondanoor | Co-Founder | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Pay3
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 Pay3
Figures of Minasa Technologies India Private Limited, the primary company behind Pay3, for FY 2024. Revenue was ₹3.54 Cr (+59% year on year). Net profit was ₹16.1 Lakh (5% margin). EBITDA was ₹30.6 Lakh (9% margin).
- ₹3.54 CrRevenue · FY 2024 · +59% YoY
- ₹16.1 LakhNet profit · 5% margin
- ₹30.6 LakhEBITDA · 9% margin
- ₹18,880Paid-up capital
- 7Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Minasa Technologies India Private Limited are on its company page.
Detailed financial statements for Pay3
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 Pay3
3 dated milestones of Pay3 across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Pay3 is founded.
- Funding First funding round of $583K.
- Milestone Reaches Minicorn status.
Competitors of Pay3
Pay3 has 3 listed competitors in our database, 3 of them funded. They include Coinflow, Ava Protocol and Voltage.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coinflow.cash | 2022 | Chicago, United States | $28.7M | Crypto-to-fiat payment solutions are provided to web3 companies. | ||
| avaprotocol.org | 2021 | San Francisco, United States | $10M | Private autonomous transactions for Web3 are provided by Ava Protocol. | ||
| voltage.cloud | 2020 | Wichita, United States | $6M | Crypto payment acceptance solutions are provided for e-commerce via APIs. |
Detailed competitors of Pay3
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 Pay3
The website of Pay3 (pay3.money) receives about 1.7K visits a month.
- Monthly visits1.7K
▲ 38.3% vs previous month
Top companies in Cryptocurrencies
3 companies that operate in the same segment as Pay3 (Cryptocurrencies) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | 1,533 | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 7,025 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 |
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Related news about Pay3
Complete news archive for Pay3
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Frequently Asked Questions about Pay3
Pay3 was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Pay3 is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Pay3 is a funded company, having raised a total of $583.06K across 1 funding round to date. The company's 1st funding round was a Seed of $583.06K, raised on Oct 2022.
Pay3 has 7 employees.
The primary company behind Pay3, Minasa Technologies India Private Limited, reported revenue of ₹3.54 Cr for FY 2024, up 59% year on year.
Seamless global payment solutions are offered by Pay3, focusing on digital commerce. Transactions are supported through cards, local payments, stablecoins, and cryptocurrencies across over 100 countries. Various payment methods, including instant payments, mobile wallets, and bank transfers, are integrated. Solutions for in-game payments, e-commerce checkouts, cross-border payments, microtransactions, and subscriptions are provided. Robust security measures and AI-driven payment routing are utilized to enhance transaction success rates and reduce fees. Comprehensive coverage across fiat currencies, cryptocurrencies, and local payment methods is ensured for a streamlined experience.
Pay3's top competitors include Voltage, Ava Protocol and Coinflow.
Pay3 offers Stablecoin Payments, Local Payments, and Agentic AI Payments.
Pay3 has 3 investors. Key investors include Speciale Invest, Multiply Ventures, and Gemba Capital.
The valuation of Pay3 is $7.1M as of Oct 2022.
Pay3 operates through Minasa Technologies India Private Limited.
The legal entities of Pay3 currently have 2 directors, including Thondanoorprathivadi Bhayankaram Rajiv, Priya Karnik.