About PayMeIndia
PayMeIndia is a Financial Services company based in Noida (India) founded in 2016 by Mahesh Shukla and Sandeep Singh. Developer of an online marketplace for personal loans. PayMeIndia has raised $2 million across 3 funding rounds from investors including Pramod Singhal, Shashank Sharma and Alok Garodia. Its website paymeindia.in draws about 564 thousand monthly visits. Its Indian entity Payme India Financial Services Private Limited reported revenue of ₹25.20 Cr. PayMeIndia offers products and services including Personal Loan, Short Term Loan, Empowerment Loan, MSME Loan, and Credit Assist. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Kissht, axio and Stashfin; 3 of its 3 listed competitors have raised funding.
Company details
PayMeIndia was established in 2016 in Noida, India, within the fintech sector. An online platform is operated to facilitate personal loan applications from corporate employees, with approvals determined by social scores, credit scores, employment records, and KYC verification. Borrowers are linked to various lending partners for selection of loan options based on interest rates and repayment terms. Access is provided via a mobile app compatible with Android and iOS systems.
- Headquarters Noida, India
- Founders Mahesh Shukla, Sandeep Singh
- SectorsFinancial Services
- Website category Finance
- Email••••••••
- Phone•••• ••••
- Website paymeindia.in
- Social LinkedIn X Facebook Instagram
- Legal Name Payme India Financial Services Private Limited
- Date of Incorporation 29 Oct, 2018
- Jurisdiction Noida, Uttar Pradesh, India
- Annual Revenue₹25.20 Cr
FY 2024 · -25% YoY
- Net Profit₹25.2 Lakh
FY 2024 · 1% margin
- EBITDA₹7.63 Cr
FY 2024 · 30% margin
- Total Equity Funding$2M (USD)
in 3 rounds
Associated legal entities of PayMeIndia
PayMeIndia is associated with 4 registered companies on The Company Check; the primary company is Payme India Financial Services Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Payme India Financial Services Private Limited CIN U65100UP2018PTC109797 | Active | 29 Oct 2018 | Noida, Uttar Pradesh | ₹25.2 Cr | 130 | 4 | View details |
| Gyaan Sphere Private Limited CIN U72900UP2020PTC132382 | Active | 08 Aug 2020 | Noida, Uttar Pradesh | ₹0.0 Cr | 2 | View details | |
| Huey Tech Private Limited CIN U74999UP2016PTC087958 | Active | 25 Nov 2016 | Noida, Uttar Pradesh, India | View details | |||
| Huey Tech Limited CIN U74999UP2016PLC087958 | Active | 25 Nov 2016 | Noida, Uttar Pradesh | ₹0.0 Cr | 366 | 3 | View details |
Products & Services of PayMeIndia
PayMeIndia offers a comprehensive portfolio of products and services, including Personal Loan, Short Term Loan, Empowerment Loan, MSME Loan, and Credit Assist.
Provides quick funding for personal needs through digital application
Offers temporary financial aid for immediate requirements
Targets specific groups like women for accessible borrowing options
Supports small businesses with fast loan disbursements
Helps users improve and monitor their credit scores online
Facilitates loans tied to mutual fund investments for growth
Apps and channels of PayMeIndia
PayMeIndia publishes 3 mobile apps with over 5M+ downloads.
Funding Insights of PayMeIndia
PayMeIndia has successfully raised a total of $2M across 3 strategic funding rounds. 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 $2M
- Total Rounds 3
- First Round $2M
(Apr 2018)
- Investors Count 5
All 3 funding rounds of PayMeIndia with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2021 | Angel Round | – | – | – | |
| Apr 2018 | $2M | Angel Round | – | Pramod Singhal, Shashank Sharma | |
| Apr 2018 | Debt – Conventional | – | – | – |
5 investors in total: 0 institutional and 5 angel.
Investors in PayMeIndia
PayMeIndia has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Pramod Singhal, Shashank Sharma and Alok Garodia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
PS Pramod Singhal | unknown_51f8d3f5ffe44c61b | |||
SS Shashank Sharma | unknown_2e08d7b225b148468 | |||
AG Alok Garodia | Angel investor and entrepreneur, focused on tech startups in India. | unknown_21e2b2b623054385a | ||
RB Rishi Bhasin | unknown_edcaaf15275048ea8 | |||
RP Rajiv Punater | unknown_43b58c0184434985b |
Investor details for PayMeIndia
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Payme India Financial Services Private Limited (PayMeIndia)
Payme India Financial Services Private Limited is the primary company behind PayMeIndia. The boards of the 3 registered companies of PayMeIndia currently have 8 directors; the longest-serving is Mahesh Kumar Shukla, appointed in 2016. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mahesh Kumar Shukla DIN 07645805 | Director | 25 Nov 2016 | 9 yrs 11 mo | Huey Tech Limited |
| Meenu Sharma DIN 08158492 | Director | 07 Aug 2018 | 8 yrs 2 mo | Huey Tech Limited |
| Manav Munjal DIN 08268309 | Director | 29 Oct 2018 | 8 yrs | Payme India Financial Services Private Limited, Huey Tech Limited |
| Pramod Kumar DIN 08196198 | Director | 29 Oct 2018 | 8 yrs | Payme India Financial Services Private Limited |
| Gaurav Dwivedi DIN 08505298 | Director | 08 Jul 2019 | 7 yrs 3 mo | Payme India Financial Services Private Limited |
| Nandini Mishra DIN 10835374 | Additional Director | 21 Nov 2024 | 1 yr 11 mo | Gyaan Sphere Private Limited |
| Prince Chugh DIN 10354371 | Company Secretary | 03 Jul 2025 | 1 yr 3 mo | Payme India Financial Services Private Limited |
| Vishal Singh DIN 09247906 | Director | 30 Jul 2025 | 1 yr 3 mo | Gyaan Sphere Private Limited |
People of PayMeIndia
31 people are tracked at PayMeIndia (9 in leadership, 22 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & Director | Leadership | |
Vineet Daniel विनीत डैनियल | CTO | CISO | Leadership |
| Director | Leadership | |
| Head. Risk & Compliance | Leadership | |
Mohammad Sameer | National Collection Head | Leadership |
Payme India | Company Director | Leadership |
Nitin Sharma | Chief Operating Officer | Leadership |
Vishal R | Vice President Human Resources | Leadership |
Subham Gupta | Assistant Manager | Team |
Manit Choudhary | Tech Lead - ( App Team ) | Team |
Ankit Baliyan | Back End Developer | Team |
Dheeraj _ | Senior Devops Engineer | Team |
Vaibhav Tripathi | Senior Assosicate In Digital Marketing | Team |
Rajesh Singh | Senior Manager | Team |
Rahul Thakur | Assistant Manager | Team |
Siddhartha Gupta | Senior Manager | Team |
Shubham D. | Digital Marketing Manager | Team |
Alok Sharma | Lead Devsecops + Backend Developer | Team |
Shivani Singh | Operations Executive | Team |
11 more people are available in the full profile.
Complete people profiles for PayMeIndia
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of PayMeIndia
Figures of Payme India Financial Services Private Limited, the primary company behind PayMeIndia, for FY 2024. Revenue was ₹25.20 Cr (-25% year on year). Net profit was ₹25.2 Lakh (1% margin). EBITDA was ₹7.63 Cr (30% margin). Revenue has grown at a compounded annual rate of +58% over three years and +282% over five years.
- ₹25.20 CrRevenue · FY 2024 · -25% YoY
- ₹25.2 LakhNet profit · 1% margin
- ₹7.63 CrEBITDA · 30% margin
- ₹12.48 CrPaid-up capital
- 130Employees (provident fund records)
- +58%Revenue CAGR, 3 years
- +282%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Payme India Financial Services Private Limited are on its company page.
Detailed financial statements for PayMeIndia
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of PayMeIndia
3 dated milestones of PayMeIndia across 5 years, from founding to its latest funding, stage changes and deals.
- Founded PayMeIndia is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Angel Round,.
Competitors of PayMeIndia
PayMeIndia has 3 listed competitors in our database, 3 of them funded. They include Kissht, axio and Stashfin.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kissht.com | 2015 | Mumbai, India | $132.57M | 265 | Personal, business, and property loans are provided by Kissht. | |
| axio.co.in | 2013 | Bengaluru, India | $205.92M | 499 | An online lending platform for point-of-sale financing is provided. | |
| stashfin.com | 2016 | Gurugram, India | $115M | 175 | Digital lending and instant credit lines are provided to individuals. |
Detailed competitors of PayMeIndia
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of PayMeIndia
The website of PayMeIndia (paymeindia.in) receives about 564.2K visits a month and ranks #85,391 among all websites worldwide, #5,377 in Finance.
- Monthly visits564.2K
▲ 7.2% vs previous month
- Unique visitors271.9K
per month
- Global rank#85,391
among all websites
- Category rank#5,377
Finance · Finance
- Bounce rate11%
- Pages per visit3.6
- Average visit1 min 00 sec
- DevicesDesktop 1% · Mobile 99%
Websites whose visitors overlap most with PayMeIndia. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| loantap.in | 100% | 46K | #640,822 | View details | |
| lazypay.in | 97% | 503K | #120,104 | View details | |
| lendbox.in | 97% | 81.8K | #382,961 | View details | |
| ruloans.com | 96% | 94.5K | #278,853 | View details | |
| freo.money | 92% | 100K | #383,844 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for PayMeIndia
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Consumer and SME Loans
3 companies that operate in the same segment as PayMeIndia (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 36,520 |
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Related news about Paymeindia
Complete news archive for PayMeIndia
Full article history, source details, and older brand coverage require an active premium plan.
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about PayMeIndia
PayMeIndia was founded in 2016 and raised its 1st funding round 2 years after it was founded.
PayMeIndia is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
PayMeIndia is a funded company, having raised a total of $2M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $2M, raised on Apr 2018.
The primary company behind PayMeIndia, Payme India Financial Services Private Limited, reported revenue of ₹25.20 Cr for FY 2024, down 25% year on year.
PayMeIndia was established in 2016 in Noida, India, within the fintech sector. An online platform is operated to facilitate personal loan applications from corporate employees, with approvals determined by social scores, credit scores, employment records, and KYC verification. Borrowers are linked to various lending partners for selection of loan options based on interest rates and repayment terms. Access is provided via a mobile app compatible with Android and iOS systems.
PayMeIndia offers Personal Loan, Short Term Loan, Empowerment Loan, MSME Loan, and 2 more products and services.
PayMeIndia has 5 investors. Key investors include Pramod Singhal, Shashank Sharma, Alok Garodia, Rishi Bhasin, and Rajiv Punater.
PayMeIndia is associated with 3 legal entities: Payme India Financial Services Private Limited, Gyaan Sphere Private Limited, Huey Tech Limited.
The legal entities of PayMeIndia currently have 8 directors, including Nandini Mishra, Vishal Singh, Manav Munjal and others.
Yes. PayMeIndia publishes PayMe: Personal Loan App and 2 more apps, with over 5 million downloads.
The website of PayMeIndia receives about 564 thousand visits a month and ranks #85,391 among all websites worldwide.