About Payio
Payio is a Financial Services company based in Hyderabad (India) founded in 2016 by Dheeraj Ramagiri. It provides a user-friendly money transfer app for seamless and secure transactions. It operates on a B2C model. Its Indian entity Ramson Technovations Private Limited reported revenue of ₹16.04 Cr. Its focus areas include Fintech, Payment Solutions and Mobile Transfers. Its competitors include Recharge.com, Aditya Birla Capital, RNFI Services, Bharat BillPay and Niki and 3 more; 3 of its 8 listed competitors have raised funding.
Company details
Payio provides a user-friendly money transfer app for seamless and secure transactions through offering financial products and advice, fintech, providing payment solutions, and mobile transfers. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Hyderabad, India
- Founders Dheeraj Ramagiri
- SectorsFinancial Services
- Website payio.in
- Legal Name Ramson Technovations Private Limited
- Date of Incorporation 04 Sep, 2014
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹16.04 Cr
FY 2022 · +4% YoY
- Net Profit₹3.8 Lakh
FY 2022 · 0% margin
- EBITDA₹3.8 Lakh
FY 2022 · 0% margin
Associated legal entities of Payio
Payio operates through Ramson Technovations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ramson Technovations Private Limited CIN U74900TG2014PTC095510 | Active | 04 Sep 2014 | Hyderabad, Telangana | ₹16.0 Cr | – | 2 | View details |
Board of directors of Ramson Technovations Private Limited (Payio)
Ramson Technovations Private Limited is the primary company behind Payio. The board of Ramson Technovations Private Limited currently have 2 directors; the longest-serving is Uma Chervugattu, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Uma Chervugattu DIN 08064863 | Director | 01 Nov 2017 | 8 yrs 11 mo | Ramson Technovations Private Limited |
| Prem Chand Puppala DIN 08759227 | Director | 15 Jun 2020 | 6 yrs 4 mo | Ramson Technovations Private Limited |
People of Payio
1 people are tracked at Payio (1 in leadership).
| Name | Role | Group |
|---|---|---|
Dheeraj Ramagiri | Founder | Leadership |
Complete people profiles for Payio
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Financials of Payio
Figures of Ramson Technovations Private Limited, the primary company behind Payio, for FY 2022. Revenue was ₹16.04 Cr (+4% year on year). Net profit was ₹3.8 Lakh (0% margin). EBITDA was ₹3.8 Lakh (0% margin). Revenue has grown at a compounded annual rate of -18% over three years and -5% over five years.
- ₹16.04 CrRevenue · FY 2022 · +4% YoY
- ₹3.8 LakhNet profit · 0% margin
- ₹3.8 LakhEBITDA · 0% margin
- ₹1 LakhPaid-up capital
- -18%Revenue CAGR, 3 years
- -5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ramson Technovations Private Limited are on its company page.
Detailed financial statements for Payio
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- Downloads
Verified entity values are shown only after access is granted.
Competitors of Payio
Payio has 8 listed competitors in our database, 3 of them funded. They include Recharge.com, Aditya Birla Capital, RNFI Services, Bharat BillPay and Niki, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| recharge.com | 2012 | Nijmegen, Netherlands | $60.28M | – | Online utility bill payment platform for individuals | |
| adityabirlacapital.com | 2007 | Mumbai, India | – | 789 | Diversified financial services including investment, insurance, and lending are offered. | |
| rnfiservices.com | 2015 | Delhi, India | – | 1,385 | Digital payment services including gateways, remittances, and recharges are provided. | |
| bharatbillpay.com | 2013 | Mumbai, India | – | 192 | Delivers an agent-based platform for efficient bill payments. | |
| niki.ai | 2015 | Bengaluru, India | $10.95M | 1 | Offers an AI-based automated order-taking app for concierge services. | |
| talkcharge.com | 2015 | Gurugram, India | – | – | Operates a digital platform providing discounts and cashback rewards for consumers. | |
| xpay.life | 2018 | Bengaluru, India | $250,000 | – | Utility bills are facilitated via a mobile app for payments. | |
| paybingo.in | 2016 | Kurukshetra, India | – | 111 | Agent-enabled payment solution for merchants |
Detailed competitors of Payio
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Travel Fintech
10 companies that operate in the same segment as Payio (Travel Fintech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital entertainment, e-commerce, and financial services are provided globally. | 2006 | Singapore, Singapore, Singapore | USD 721.47 M | USD 22.94 B | 3,733 | |
Digital payment services via UPI, cards, and wallets. | 2019 | Bengaluru, Karnataka, India | – | USD 8.79 | 74 | |
Provides an app-based platform for group expense sharing and bill splitting. | 2015 | Bengaluru, Karnataka, India | USD 2.47 M | – | 177 | |
Offers agent-based solutions for secure payment processing. | 2015 | Ludhiana, Punjab, India | – | – | – | |
Venture capital funding and support for pre-seed and seed-stage startups in India. | 2019 | Mumbai, Maharashtra, India | – | – | – | |
EPSILON NET is engaged in providing business software solutions. | 1999 | Kallithea, Attica, Greece | – | – | – | |
Offers payment gateways, links, and services for online transactions and business payments. | 2009 | Noida, Uttar Pradesh, India | – | – | – | |
Mobile app for phone payments at merchants without wallets or internet. | 2014 | Bengaluru, Karnataka, India | – | USD 103.98 K | 10 | |
Investment in Indian startups across technology and fintech sectors. | 2012 | Mumbai, Maharashtra, India | – | – | – | |
Fintech platform offering AEPS, Micro ATM, recharge, and money transfer services. | 2021 | Delhi, Delhi, India | – | USD 4.61 M | 292 |
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Frequently Asked Questions about Payio
Payio was founded in 2016.
Payio is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
The primary company behind Payio, Ramson Technovations Private Limited, reported revenue of ₹16.04 Cr for FY 2022, up 4% year on year.
Payio provides a user-friendly money transfer app for seamless and secure transactions through offering financial products and advice, fintech, providing payment solutions, and mobile transfers. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Payio's top competitors include Aditya Birla Capital, Recharge.com and RNFI Services.
Payio operates through Ramson Technovations Private Limited.
The legal entities of Payio currently have 2 directors, including Prem Chand Puppala, Uma Chervugattu.