Paymatrix

Hyderabad, India Founded: 2015 • Age: 11 yrs Acquired By Muthoot Fincorp
Rent payments and collections are streamlined via a SaaS platform.
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About Paymatrix

Paymatrix is a company based in Hyderabad (India) founded in 2015 by Muralidhar Nayak was acquired by Muthoot Fincorp in June 2021.. Paymatrix has raised $618.68 thousand across 4 funding rounds from investors including T-Hub, Muthoot Fincorp and SucSEED. The company has 3 employees as of April 02, 2024. Paymatrix operates in a competitive market with competitors including Komparify, mChek, EG Payment, Payrup and Paulpay, among others.

  • Headquarter Hyderabad, India
  • Employees 3 as on 02 Apr, 2024
  • Founders Muralidhar Nayak
  • Stage Minicorn
  • Sectors
    Real Estate & Construction
    Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Speckle Internet Solutions Private Limited
  • Date of Incorporation 20 Mar, 2015
  • Jurisdiction Rangareddy, Telangana, India
Operational Areas
Real Estate & Construction → Property Technology (PropTech) → →
Financial Services → FinTech & Digital Finance → →
Key Metrics
  • Annual Revenue
    $178.86 K (USD)
    -13.27
    as on Mar 31, 2023
  • Net Profit
    $-270.15 K (USD)
    -286.57
    as on Mar 31, 2023
  • EBITDA
    $-166.36 K (USD)
    -212.48
    as on Mar 31, 2023
  • Total Equity Funding
    $618.68 K (USD)

    in 4 rounds

  • Latest Funding Round
    $417.21 K (USD), Seed

    May 13, 2021

  • Investors
    T-Hub

    & 7 more

  • Employee Count
    3

    as on Apr 02, 2024

  • Acquired by
    Muthoot Fincorp

    (Jun 21, 2021)

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Funding Insights of Paymatrix

Paymatrix has successfully raised a total of $618.68K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $417.21 thousand completed in May 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.

  • Total Funding
  • Total Rounds 4
  • Last Round Seed — $417,208
  • First Round

    (06 Oct 2016)

  • Investors Count 8
Date Amount Transaction Name Valuation Lead Investors Investors
May, 2021 Amount Seed - Paymatrix Valuation Muthoot Fincorp
Nov, 2018 Amount Seed - Paymatrix Valuation SucSEED
Jan, 2018 Amount Seed - Paymatrix Valuation IIITH Seed Fund , IIIT Hyderabad
Xseed Partners
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in Paymatrix

Paymatrix has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include T-Hub, Muthoot Fincorp and SucSEED. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
SucSEED
Venture capital and support services for startups in emerging technologies.
Founded Year Domain Location
IIITH Seed Fund
Venture capital firm focused on seed stage tech startup
Founded Year Domain Location
T-Hub
Innovation hub connecting startups, corporates, and partners in technology and ecosystem development.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Paymatrix

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Paymatrix

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Paymatrix Comparisons

Employees
+
Add Comparison
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Competitors of Paymatrix

Paymatrix 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 Komparify, mChek, EG Payment, Payrup and Paulpay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
Komparify
domain founded_year HQ Location
Provides a platform for comprehensive digital coupon solutions to enhance online shopping.
mChek
domain founded_year HQ Location
Bill payments platform for consumers
EG Payment
domain founded_year HQ Location
Digital platform for mobile recharges, bill payments, and gold investments services.
Payrup
domain founded_year HQ Location
Digital wallet for mobile recharges, utility payments, and travel services.
Paulpay
domain founded_year HQ Location
Provides a mobile app for convenient mobile recharges and bill payments.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Paymatrix

Frequently Asked Questions about Paymatrix

When was Paymatrix founded?

Paymatrix was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Where is Paymatrix located?

Paymatrix is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.

Is Paymatrix a funded company?

Paymatrix is a funded company, having raised a total of $618.68K across 4 funding rounds to date. The company's 1st funding round was a Seed of $46.28K, raised on Oct 06, 2016.

How many employees does Paymatrix have?

As of Apr 02, 2024, the latest employee count at Paymatrix is 3.

What is the annual revenue of Paymatrix?

Annual revenue of Paymatrix is $178.86K as on Mar 31, 2023.

What does Paymatrix do?

Paymatrix was founded in 2015 in Hyderabad, India, as a SaaS platform focused on payment management for the rental sector. Operations center on facilitating transactions between tenants, landlords, and property managers. Services provided include rental analytics, digital agreements, automated payment reminders, tenant screening, and a loyalty program offering rewards and cashback on payments. The platform supports efficient rent handling across properties.

Who are the top competitors of Paymatrix?

Paymatrix's top competitors include Komparify, Paytm Payments and AutoPe Payment Solutions.

Who are Paymatrix's investors?

Paymatrix has 8 investors. Key investors include T-Hub, Muthoot Fincorp, SucSEED, IIIT Hyderabad, and Xseed Partners.

What is Paymatrix's valuation?

The valuation of Paymatrix is $1.61M as of Jan 2018.

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