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. 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
- Founders Rajesh Jha, Subhash Kumar, Yashwant Lodha, Anand Kumar Bajaj
- Stage Minicorn
- SectorsFinancial Services
- Website category Finance · Financial Planning and Management
- Email••••••••
- Phone•••• ••••
- Website paynearby.in
- Social LinkedIn X Facebook
- Annual Revenue$45.23 M (USD)-2as on Mar 31, 2024
- Net Profit$236.78 K (USD)-23as on Mar 31, 2024
- EBITDA$939.87 K (USD)25as on Mar 31, 2024
- Total Equity Funding$3.95M (USD)
in 2 rounds
- Latest Funding Round$1.72M (USD), Angel Round
Feb 2025
- InvestorsROHA
& 2 more
- Employee Count837
Associated legal entities of PayNearby
PayNearby is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nearby Payment Services Private Limited CIN U74110MH2018PTC316044 | Active | 22 Oct 2018 | Mumbai, Maharashtra | ₹0.1 Cr | – | 2 | View details |
| Nearby Technologies Private Limited CIN U74999MH2016PTC280037 | Active | 20 Apr 2016 | Mumbai, Maharashtra | ₹310 Cr | 957 | 9 | View details |
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.
- Total Funding $3.95M
- Total Rounds 2
- Last Round Angel Round — $1.72M
- First Round $2.24M
(Jun 2016)
- Investors Count 3
All 2 funding rounds of PayNearby 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 2025 | $1.72M | Angel Round | $48.53M | Ramendra Pratap Singh | |
| Jun 2016 | $2.24M | Seed | $16.12M | Roha | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2025 | $48.53M | •••••••• |
| Jun 2016 | $16.12M | •••••••• |
Last known valuation $48.53M (Feb 2025). 3 investors in total: 1 institutional and 2 angel.
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 |
|---|---|---|---|---|
Group of company focused on food & beverages industry | – | roha.com | Mumbai, India | |
RP Ramendra Pratap Singh | - | – | unknown_c77afe96f7a34bc0b | - |
SS Sangeeta Singh | - | – | unknown_5d6d7001c4514ba59 | - |
Investor details for PayNearby
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 PayNearby
The boards of the 2 registered companies of PayNearby currently have 6 directors; the longest-serving is Anand Kumar Bajaj, appointed in 2018. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anand Kumar Bajaj DIN 07387631 | Director | 22 Oct 2018 | 7 yrs 11 mo | Nearby Payment Services Private Limited, Nearby Technologies Private Limited |
| Yashwant Lodha DIN 07484628 | Director | 22 Oct 2018 | 7 yrs 11 mo | Nearby Payment Services Private Limited, Nearby Technologies Private Limited |
| Shalini Anand Bajaj DIN 08681012 | Director | 05 Feb 2020 | 6 yrs 8 mo | Nearby Technologies Private Limited |
| Mohan Vasant Tanksale DIN 02971181 | Director | 23 Feb 2021 | 5 yrs 7 mo | Nearby Technologies Private Limited |
| Abhaya Prasad Hota DIN 02593219 | Director | 23 Feb 2021 | 5 yrs 7 mo | Nearby Technologies Private Limited |
| Sunil Kapoor DIN 01436404 | Nominee Director | 29 May 2021 | 5 yrs 4 mo | Nearby Technologies Private Limited |
People of PayNearby
44 people are tracked at PayNearby (17 in leadership, 27 in team); the tracked headcount is 837.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & CEO & MD | Leadership | |
Sanjiv Singh | Chief Business Officer | Leadership |
Anand Verma | Business Director | Leadership |
Vivek Viswanathan | Chief Technology Officer | Leadership |
Rajiv Saxena | Chief People Officer | Leadership |
Vikas Jalan | Chief Financial Officer | Leadership |
Rajat Agarwal | Chief Business Officer - Enterprise And Financial Assets | Leadership |
Rohit Sharma | Engineering Director | Leadership |
Jayatri Dasgupta | Chief Marketing Officer-paynearby & Business Head-digital Naari | Leadership |
Dhivya Ravi | Brand Head | Leadership |
Kamalakar Desai | Engineering Director | Leadership |
Ananda Roy | Business Director | Leadership |
Nilesh Jain | Product Head - Banking | Leadership |
Nilesh Halde | Chief Product Officer | Leadership |
Apoorva R Kalkoti | Sr. Digital Marketing Executive | Team |
Jitendra Chauhan | Senior Manager–digital Acquisitions–marketing | Team |
Nitin Jain | Senior Enterprise Architect | Team |
24 more people are available in the full profile.
Complete people profiles for PayNearby
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 PayNearby
Figures of Nearby Payment Services Private Limited, the primary company behind PayNearby, for FY 2025. Revenue was ₹12.4 Lakh (+225% year on year). Net profit was ₹4.4 Lakh (35% margin). EBITDA was ₹5.8 Lakh (47% margin). Revenue has grown at a compounded annual rate of +65% over three years and +71% over five years.
- ₹12.4 LakhRevenue · FY 2025 · +225% YoY
- ₹4.4 LakhNet profit · 35% margin
- ₹5.8 LakhEBITDA · 47% margin
- ₹75 LakhPaid-up capital
- +65%Revenue CAGR, 3 years
- +71%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nearby Payment Services Private Limited are on its company page.
Detailed financial statements for PayNearby
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 PayNearby
4 dated milestones of PayNearby across 9 years, from founding to its latest funding, stage changes and deals.
- Founded PayNearby is founded.
- Funding First funding round of $2.2M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $1.7M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dvarakgfs.com | 2008 | Chennai, India | $43.71M | 4,134 | Loans for consumers and SMEs are provided alongside financial services. | |
| spicemoney.com | 2000 | Noida, India | $15.42M | 1,164 | Digital payment and banking service provider in rural areas | |
| kaleidofin.com | 2017 | Chennai, India | $47.39M | 141 | Provider of financial technology solutions for inclusive lending | |
| finopaytech.com | 2006 | Mumbai, India | $176.53M | 20 | Technology solutions for banking and financial sectors are provided. | |
| subk.co.in | 2010 | Hyderabad, India | $22.51M | 1,738 | Provider of digital financial services for underserved populations | |
| werize.com | 2019 | Bengaluru, India | $27.95M | 285 | Provider of credit insurance and savings products for small town families | |
| suvidhaa.com | 2007 | Mumbai, India | $37.8M | 15 | Tech-enabled financial and e-commerce services are delivered via retail outlets. |
Detailed competitors of PayNearby
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 PayNearby
The website of PayNearby (paynearby.in) receives about 1.3M visits a month and ranks #51,260 among all websites worldwide, #3,251 in Financial Planning and Management.
- Monthly visits1.3M
- Unique visitors50.6K
per month
- Global rank#51,260
among all websites
- Category rank#3,251
Finance · Financial Planning and Management
- Bounce rate24%
- Pages per visit4.7
- Average visit8 min 38 sec
- DevicesDesktop 95% · Mobile 5%
Websites whose visitors overlap most with PayNearby. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| billdesk.com | 100% | 21.1M | #1,962 | View details | |
| nsdl.co.in | 93% | 1M | #56,731 | View details | |
| npci.org.in | 80% | 10.1M | #5,074 | View details | |
| payworldindia.com | 74% | 726.5K | #83,498 | View details | |
| udyamregistration.gov.in | 73% | – | #9,817 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for PayNearby
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Paynearby
Complete news archive for PayNearby
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to PayNearby
10 companies that operate in the same segment as PayNearby (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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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. The company's 1st funding round was a Seed of $2.24M, raised on Jun 2016.
PayNearby has 837 employees.
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.
PayNearby is associated with 2 legal entities: Nearby Payment Services Private Limited, Nearby Technologies Private Limited.
The legal entities of PayNearby currently have 8 directors, including Anand Kumar Bajaj, Yashwant Lodha, Sunil Kapoor and others.