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
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Sectors
Real Estate & ConstructionFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Speckle Internet Solutions Private Limited
- Date of Incorporation 20 Mar, 2015
- Jurisdiction Rangareddy, Telangana, India
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Annual Revenue
$178.86 K (USD)-13.27as on Mar 31, 2023
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Net Profit
-$270.15 K (USD)-286.57as on Mar 31, 2023
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EBITDA
-$166.36 K (USD)-212.48as on Mar 31, 2023
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Total Equity Funding
$618.68 K (USD)
in 4 rounds
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Latest Funding Round
$417.21 K (USD), Seed
May 13, 2021
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Investors
T-Hub
& 7 more
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Employee Count
3
as on Apr 02, 2024
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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 Funding
- Total Rounds 4
- Last Round Seed — $417,208
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First Round
First Round
(06 Oct 2016)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Seed - Paymatrix | Valuation | Muthoot Fincorp |
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| Nov, 2018 | Amount | Seed - Paymatrix | Valuation | SucSEED |
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| Jan, 2018 | Amount | Seed - Paymatrix | Valuation | IIITH Seed Fund , IIIT Hyderabad |
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital and support services for startups in emerging technologies.
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Founded Year | Domain | Location | |
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Venture capital firm focused on seed stage tech startup
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Founded Year | Domain | Location | |
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Innovation hub connecting startups, corporates, and partners in technology and ecosystem development.
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Founded Year | Domain | Location |
Investments & Acquisitions by Paymatrix
Financial Statements - Paymatrix
Paymatrix Comparisons
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides a platform for comprehensive digital coupon solutions to enhance online shopping.
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| domain | founded_year | HQ Location |
Bill payments platform for consumers
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| domain | founded_year | HQ Location |
Digital platform for mobile recharges, bill payments, and gold investments services.
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| domain | founded_year | HQ Location |
Digital wallet for mobile recharges, utility payments, and travel services.
|
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| domain | founded_year | HQ Location |
Provides a mobile app for convenient mobile recharges and bill payments.
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Frequently Asked Questions about Paymatrix
Paymatrix was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Paymatrix is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
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.
As of Apr 02, 2024, the latest employee count at Paymatrix is 3.
Annual revenue of Paymatrix is $178.86K as on Mar 31, 2023.
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.
Paymatrix's top competitors include Komparify, Paytm Payments and AutoPe Payment Solutions.
Paymatrix has 8 investors. Key investors include T-Hub, Muthoot Fincorp, SucSEED, IIIT Hyderabad, and Xseed Partners.
The valuation of Paymatrix is $1.61M as of Jan 2018.