PayMeIndia

Noida, India Founded: 2016 • Age: 10 yrs
Developer of an online marketplace for personal loans

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 β‚Ή25.20 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.

Key Metrics
  • 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

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.

Personal Loan
Loan Service

Provides quick funding for personal needs through digital application

Short Term Loan
Loan Service

Offers temporary financial aid for immediate requirements

Empowerment Loan
Loan Service

Targets specific groups like women for accessible borrowing options

MSME Loan
Business Loan

Supports small businesses with fast loan disbursements

Credit Assist
Credit Tool

Helps users improve and monitor their credit scores online

Mutual Funds Loan
Investment Loan

Facilitates loans tied to mutual fund investments for growth

Apps and channels of PayMeIndia

PayMeIndia publishes 3 mobile apps with over 5M+ downloads.

PayMe: Personal Loan App
Google Play Finance Rated for 3+ Free
Developer: Huey Tech Pvt Ltd.
View on Google Play
PayMe - Personal loan app
App Store Finance 4+
Developer: Huey Tech Private Limited
View on App Store
PayMe - Personal loan app
App Store Finance 4+
Developer: Huey Tech Private Limited
View on App Store

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.

DateAmountTransaction NameValuationLead InvestorsInvestors
Feb 2021Angel Round––
–
Apr 2018$2MAngel Round–Pramod Singhal, Shashank Sharma
Apr 2018Debt – Conventional––
–
Valuation history

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.

All
Angel
InvestorDescriptionFounded YearDomainLocation

Pramod Singhal

unknown_51f8d3f5ffe44c61b

Shashank Sharma

unknown_2e08d7b225b148468

Alok Garodia

Angel investor and entrepreneur, focused on tech startups in India.
unknown_21e2b2b623054385a

Rishi Bhasin

unknown_edcaaf15275048ea8

Rajiv Punater

unknown_43b58c0184434985b
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Investor details for PayMeIndia

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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.

DirectorDesignationAppointedTenureEntity
Mahesh Kumar Shukla
DIN 07645805
Director25 Nov 20169 yrs 11 moHuey Tech Limited
Meenu Sharma
DIN 08158492
Director07 Aug 20188 yrs 2 moHuey Tech Limited
Manav Munjal
DIN 08268309
Director29 Oct 20188 yrsPayme India Financial Services Private Limited, Huey Tech Limited
Pramod Kumar
DIN 08196198
Director29 Oct 20188 yrsPayme India Financial Services Private Limited
Gaurav Dwivedi
DIN 08505298
Director08 Jul 20197 yrs 3 moPayme India Financial Services Private Limited
Nandini Mishra
DIN 10835374
Additional Director21 Nov 20241 yr 11 moGyaan Sphere Private Limited
Prince Chugh
DIN 10354371
Company Secretary03 Jul 20251 yr 3 moPayme India Financial Services Private Limited
Vishal Singh
DIN 09247906
Director30 Jul 20251 yr 3 moGyaan Sphere Private Limited

People of PayMeIndia

31 people are tracked at PayMeIndia (9 in leadership, 22 in team).

NameRoleGroup
Co-FounderLeadership
Co-Founder & DirectorLeadership
Vineet Daniel विनीत डैनियल
CTO | CISOLeadership
DirectorLeadership
Head. Risk & ComplianceLeadership
Mohammad Sameer
National Collection HeadLeadership
Payme India
Company DirectorLeadership
Nitin Sharma
Chief Operating OfficerLeadership
Vishal R
Vice President Human ResourcesLeadership
Subham Gupta
Assistant ManagerTeam
Manit Choudhary
Tech Lead - ( App Team )Team
Ankit Baliyan
Back End DeveloperTeam
Dheeraj _
Senior Devops EngineerTeam
Vaibhav Tripathi
Senior Assosicate In Digital MarketingTeam
Rajesh Singh
Senior ManagerTeam
Rahul Thakur
Assistant ManagerTeam
Siddhartha Gupta
Senior ManagerTeam
Shubham D.
Digital Marketing ManagerTeam
Alok Sharma
Lead Devsecops + Backend DeveloperTeam
Shivani Singh
Operations ExecutiveTeam

11 more people are available in the full profile.

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Complete people profiles for PayMeIndia

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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.

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Detailed financial statements for PayMeIndia

Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.

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  • 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.

  1. Founded PayMeIndia is founded.
  2. Funding First funding round of $2.0M.
  3. 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 NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
kissht.com2015Mumbai, India$132.57M265
Personal, business, and property loans are provided by Kissht.
axio.co.in2013Bengaluru, India$205.92M499
An online lending platform for point-of-sale financing is provided.
stashfin.com2016Gurugram, India$115M175
Digital lending and instant credit lines are provided to individuals.
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Detailed competitors of PayMeIndia

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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 visits
    564.2K

    ▲ 7.2% vs previous month

  • Unique visitors
    271.9K

    per month

  • Global rank
    #85,391

    among all websites

  • Category rank
    #5,377

    Finance · Finance

Similar websites

Websites whose visitors overlap most with PayMeIndia. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
loantap.in
100%
46K#640,822View details
lazypay.in
97%
503K#120,104View details
lendbox.in
97%
81.8K#382,961View details
ruloans.com
96%
94.5K#278,853View details
freo.money
92%
100K#383,844View details
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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All 40 similar websites and full traffic analytics for PayMeIndia

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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.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Consumer and SME loans are provided by Manappuram Finance.
1992Valapad, Kerala, IndiaUSD 39.98 MUSD 1.01 B51,650
Affordable home loans are extended to low and middle-income groups.
2010Mumbai, Maharashtra, IndiaUSD 209.7 MUSD 203.79 M1,630
Diversified lending services are provided as a non-banking financial institution.
1994Mumbai, Maharashtra, IndiaUSD 1.9 B36,520
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Related news about Paymeindia

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Complete news archive for PayMeIndia

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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 β‚Ή25.20 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's top competitors include Stashfin, axio and Kissht.

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.

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