About PayCardo
PayCardo is a Financial Services company based in Pune (India) founded in 2021 by Vivek Kumar Choubey and Vivek Kumar. Provider of smart travel cards for individuals. PayCardo has raised $98.15 thousand across 2 funding rounds from investors including MaGEHold. The company has 1 employees. PayCardo was last valued at $2.87 million in June 2022. Its chief executive, as recorded, is Vivek Kumar Choubey. Its focus areas include FinTech, Payments, Consumer Payments and Payment Cards. Its legal entity in India is Paycardo Private Limited (U72100PN2021PTC197772). Its competitors include Borderless Prepaid, BuyForexOnline and Venlo; 1 of its 3 listed competitors has raised funding.
Company details
Founded in 2021 and based in Pune, India, PayCardo operates in the fintech sector by offering smart travel cards to individuals. RFID-based cards enable payments with live transaction tracking. Instant SMS and email notifications are sent to registered mobile numbers and addresses upon completion of transactions. Operations focus on secure, contactless payment solutions for travelers.
- Headquarters Pune, India
- Employees 1
- Founders Vivek Kumar Choubey, Vivek Kumar
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website paycardo.com
- Social LinkedIn X Facebook
- Legal Name Paycardo Private Limited
- Date of Incorporation 16 Jan, 2021
- Jurisdiction Hinjewadi, Maharashtra, India
- Net Loss-₹23.9 Lakh
FY 2022 · 0% margin
- EBITDA-₹22.9 Lakh
FY 2022 · 0% margin
- Total Equity Funding$98.15K (USD)
in 2 rounds
- Latest Funding Round$58.33K (USD), Seed
Jun 2022
- Investors
- Employee Count1
Associated legal entities of PayCardo
PayCardo operates through Paycardo Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Paycardo Private Limited CIN U72100PN2021PTC197772 | Strike Off | 16 Jan 2021 | Hinjewadi, Maharashtra | 2 | View details |
Funding Insights of PayCardo
PayCardo has successfully raised a total of $98.15K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $58.33 thousand completed in June 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 $98,146
- Total Rounds 2
- Last Round Seed — $58,328
- First Round $39,818
(Aug 2021)
- Investors Count 1
All 2 funding rounds of PayCardo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $2.87M | •••••••• |
Last known valuation $2.87M (Jun 2022). 1 investors in total: 1 institutional.
Investors in PayCardo
PayCardo has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include MaGEHold.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are invested in by MaGEHold venture capital firm. | magehold.io | Hong Kong, China |
Investor details for PayCardo
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 Paycardo Private Limited (PayCardo)
Paycardo Private Limited is the primary company behind PayCardo. The board of Paycardo Private Limited currently have 2 directors; the longest-serving is Vivek Kumar Choubey, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vivek Kumar Choubey DIN 09031959 | Managing Director | 16 Jan 2021 | 5 yrs 9 mo | Paycardo Private Limited |
| Vivek Kumar DIN 09031960 | Managing Director | 16 Jan 2021 | 5 yrs 9 mo | Paycardo Private Limited |
People of PayCardo
2 people are tracked at PayCardo (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & COO | Leadership |
Complete people profiles for PayCardo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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Verified entity values are shown only after access is granted.
Financials of PayCardo
Figures of Paycardo Private Limited, the primary company behind PayCardo, for FY 2022. Net loss was -₹23.9 Lakh (0% margin). EBITDA was -₹22.9 Lakh (0% margin).
- -₹23.9 LakhNet loss · 0% margin
- -₹22.9 LakhEBITDA · 0% margin
- ₹2.2 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Paycardo Private Limited are on its company page.
Detailed financial statements for PayCardo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of PayCardo
4 dated milestones of PayCardo across 1 years, from founding to its latest funding, stage changes and deals.
- Founded PayCardo is founded.
- Funding First funding round of $40K.
- Funding Latest funding round, Seed, of $58K.
- Milestone Reaches Minicorn status.
Competitors of PayCardo
PayCardo has 3 listed competitors in our database, 1 of them funded. They include Borderless Prepaid, BuyForexOnline and Venlo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| borderlessprepaid.com | 2011 | Mumbai, India | Provides prepaid travel cards and app for card registration and management. | |||
| buyforexonline.com | 2012 | Bengaluru, India | $25.23M | 1 | Operates a digital platform for forex prepaid cards and purchases. | |
| venlo.app | 2021 | Pune, India | Offers prepaid travel cards for consumers and businesses. |
Detailed competitors of PayCardo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as PayCardo (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Paycardo
Complete news archive for PayCardo
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Frequently Asked Questions about PayCardo
PayCardo was founded in 2021.
PayCardo is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Vivek Kumar Choubey is the CEO of PayCardo, as recorded in our data. They have also founded this company.
PayCardo is a funded company, having raised a total of $98.15K across 2 funding rounds to date. The company's 1st funding round was a Seed of $39.82K, raised on Aug 2021.
PayCardo has 1 employees.
Founded in 2021 and based in Pune, India, PayCardo operates in the fintech sector by offering smart travel cards to individuals. RFID-based cards enable payments with live transaction tracking. Instant SMS and email notifications are sent to registered mobile numbers and addresses upon completion of transactions. Operations focus on secure, contactless payment solutions for travelers.
PayCardo's top competitors include BuyForexOnline, Venlo and Borderless Prepaid.
PayCardo has 1 investor. Key investors include MaGEHold.
The valuation of PayCardo is $2.87M as of Jun 2022.
PayCardo operates through Paycardo Private Limited.
The legal entities of PayCardo currently have 2 directors, including Vivek Kumar Choubey, Vivek Kumar.