About PayNearby
PayNearby is a company based in Mumbai (India) founded in 2016 by Rajesh Jha, Subhash Kumar, Yashwant Lodha, and Anand Kumar Bajaj. PayNearby has raised $3.95 million across 2 funding rounds from investors including ROHA, Ramendra Pratap Singh and Sangeeta Singh. The company has 837 employees as of May 31, 2025. PayNearby operates in a competitive market with competitors including Dvara KGFS, Spice Money, Kaleidofin, Fino Paytech and Sub-K, among others.
- Headquarter Mumbai, India
- Employees 837 as on 31 May, 2025
- Founders Rajesh Jha, Subhash Kumar, Yashwant Lodha, Anand Kumar Bajaj
- Stage Minicorn
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
$45.23 M (USD)-2as on Mar 31, 2024
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Net Profit
$236.78 K (USD)-23as on Mar 31, 2024
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EBITDA
$939.87 K (USD)25as on Mar 31, 2024
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Total Equity Funding
$3.95 M (USD)
in 2 rounds
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Latest Funding Round
$1.72 M (USD), Angel Round
Feb 28, 2025
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Investors
ROHA
& 2 more
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Employee Count
837
as on May 31, 2025
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People of PayNearby
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Funding Insights of PayNearby
PayNearby has successfully raised a total of $3.95M across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $1.72 million completed in February 2025. 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.
Investors in PayNearby
PayNearby has secured backing from 3 investors, including institutional and angel investors. Prominent investors backing the company include ROHA, Ramendra Pratap Singh and Sangeeta Singh.
| Investor | Description | Founded Year | Domain | Location |
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Group of company focused on food & beverages industry
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Locked | Locked | Locked | |
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RP
Ramendra Pratap Singh |
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Locked | Locked | Locked |
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SS
Sangeeta Singh |
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Locked | Locked | Locked |
Investor details for PayNearby
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Investments & Acquisitions by PayNearby
Investment portfolio details for PayNearby
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Financial Statements - PayNearby
Detailed financials for PayNearby
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Paynearby Comparisons
Peer comparison for PayNearby
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- Named peers
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Competitors of PayNearby
PayNearby 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 Dvara KGFS, Spice Money, Kaleidofin, Fino Paytech and Sub-K, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Loans for consumers and SMEs are provided alongside financial services.
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| Locked | Locked | Locked |
Digital payment and banking service provider in rural areas
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| Locked | Locked | Locked |
Provider of financial technology solutions for inclusive lending
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| Locked | Locked | Locked |
Technology solutions for banking and financial sectors are provided.
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| Locked | Locked | Locked |
Provider of digital financial services for underserved populations
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Detailed competitors of PayNearby
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Latest news on Paynearby
Complete news archive for PayNearby
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Frequently Asked Questions about PayNearby
PayNearby was founded in 2016.
PayNearby is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Anand Kumar Bajaj is the current CEO of PayNearby. They have also founded this company.
PayNearby is a funded company, having raised a total of $3.95M across 2 funding rounds to date.
As of May 31, 2025, the latest employee count at PayNearby is 837.
Annual revenue of PayNearby is $45.23M as on Mar 31, 2024.
PayNearby was founded in 2016 in Mumbai, India, within the fintech sector. Operations are conducted through a B2B2C model, where partnerships with neighborhood retail stores are formed to deliver assisted financial and digital commerce services to local communities. Transactions are enabled for cash withdrawals, deposits, money transfers, savings accounts, insurance, travel bookings, digital payments, and government benefits access. The platform supports seamless service provision across urban and rural areas.
PayNearby's top competitors include Spice Money, Kaleidofin and Fino Paytech.
PayNearby has 3 investors. Key investors include ROHA, Ramendra Pratap Singh, and Sangeeta Singh.
The valuation of PayNearby is $48.53M as of Feb 2025.