About PayAid Payments
PayAid Payments is a company based in Hyderabad (India) founded in 2020 by Alka Mehta and Phani Teja. PayAid Payments has raised $117.19 thousand across 1 funding round from investors including Varadhan Tanjore Raghavachari and Priya Jacob. The company has 7 employees as of March 28, 2024. PayAid Payments offers products and services including Payment Orchestration, Payment Routing, Payouts, DIY Website Builder, and Bill Payments API. PayAid Payments operates in a competitive market with competitors including Akoya, ProcessOut, Preczn, MassPay and BankCheck, among others.
- Headquarter Hyderabad, India
- Employees 7 as on 28 Mar, 2024
- Founders Alka Mehta, Phani Teja
- 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 Payaid Payments Private Limited
- Date of Incorporation 09 Dec, 2020
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$385.77 K (USD)2239.99as on Mar 31, 2023
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Net Profit
$157.59 K (USD)209.57as on Mar 31, 2023
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EBITDA
$158.05 K (USD)213.55as on Mar 31, 2023
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Total Equity Funding
$117.19 K (USD)
in 1 rounds
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Latest Funding Round
$117.19 K (USD), Angel Round
Dec 27, 2021
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Investors
& 1 more
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Employee Count
7
as on Mar 28, 2024
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Products & Services of PayAid Payments
PayAid Payments offers a comprehensive portfolio of products and services, including Payment Orchestration, Payment Routing, Payouts, DIY Website Builder, and Bill Payments API.
Manages multiple payment gateways for seamless business transactions
Routes payments based on priority for higher success rates
Handles secure fund transfers to merchants and users
Enables easy creation of payment-enabled websites for businesses
Facilitates integration for accepting and processing bill payments online
Funding Insights of PayAid Payments
PayAid Payments has successfully raised a total of $117.19K through 1 strategic funding round. The most recent funding activity was a Angel Round of $117.19 thousand completed in December 2021. 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 PayAid Payments
PayAid Payments has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Varadhan Tanjore Raghavachari and Priya Jacob.
| Investor | Description | Founded Year | Domain | Location |
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Varadhan Tanjore Raghavachari |
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PJ
Priya Jacob |
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Investor details for PayAid Payments
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Investments & Acquisitions by PayAid Payments
Investment portfolio details for PayAid Payments
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Financial Statements - PayAid Payments
Detailed financials for PayAid Payments
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Payaid Payments Comparisons
Peer comparison for PayAid Payments
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Competitors of PayAid Payments
PayAid Payments 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 Akoya, ProcessOut, Preczn, MassPay and BankCheck, among others.
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Financial data management platform is provided for institutions via APIs.
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Multiple payment gateways are integrated via API for merchants.
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API-enabled payments orchestration for vertical SaaS platforms with payment routing
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Offers payment orchestration, global payouts, and identity verification services.
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Payment routing and authentication platform is offered for businesses.
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SWIFT-enabled stablecoin payments for global trade are facilitated.
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Detailed competitors of PayAid Payments
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Verified entity values are shown only after access is granted.
Latest news on Payaid Payments
Complete news archive for PayAid Payments
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Frequently Asked Questions about PayAid Payments
PayAid Payments was founded in 2020 and raised its 1st funding round 1 year after it was founded.
PayAid Payments is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Alka Mehta is the current CEO of PayAid Payments. They have also founded this company.
PayAid Payments is a funded company, having raised a total of $117.19K across 1 funding round to date.
As of Mar 28, 2024, the latest employee count at PayAid Payments is 7.
Annual revenue of PayAid Payments is $385.77K as on Mar 31, 2023.
PayAid Payments was founded in 2020 in Hyderabad, India, within the fintech sector. An integrated platform is provided to unite various payment gateways and modes for businesses of all sizes. Services encompass payment orchestration, routing, bill payments, and website building, alongside API developer kits and cross-border payment solutions. Secure processing is facilitated through these integrations.
PayAid Payments's top competitors include Akoya, ProcessOut and Preczn.
PayAid Payments offers Payment Orchestration, Payment Routing, Payouts, DIY Website Builder, and Bill Payments API.
PayAid Payments has 2 investors. Key investors include Varadhan Tanjore Raghavachari, and Priya Jacob.
The valuation of PayAid Payments is $8.43M as of Dec 2021.