About PayNest
PayNest is a company based in Dubai (United Arab Emirates) founded in 2021 by Murtaza Abedin.. PayNest has raised $2.16 million across 1 funding round from investors including BlueCrow, Lince Capital and Iberis Capital. PayNest offers products and services including New Website.
- Headquarter Dubai, United Arab Emirates
- Founders Murtaza Abedin
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.16 M (USD)
in 1 rounds
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Latest Funding Round
$2.16 M (USD), Seed
Dec 13, 2023
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Investors
BlueCrow
& 3 more
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Employee Count
Employee Count
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Products & Services of PayNest
PayNest offers a comprehensive portfolio of products and services, including New Website. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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Funding Insights of PayNest
PayNest has successfully raised a total of $2.16M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.16 million completed in December 2023. 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 1
- Last Round Seed — $2.2M
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First Round
First Round
(13 Dec 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Seed - PayNest | Valuation | Lince Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PayNest
PayNest has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include BlueCrow, Lince Capital and Iberis Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Lince Capital is engaged in venture capital fund management.
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Founded Year | Domain | Location | |
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Iberis Capital is recognized as a leading private equity and venture capital manager in Portugal.
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Founded Year | Domain | Location | |
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Support is provided to startups for growth and global expansion.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PayNest
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PayNest
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paynest Comparisons
Competitors of PayNest
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Paynest
Frequently Asked Questions about PayNest
When was PayNest founded?
PayNest was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is PayNest located?
PayNest is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of PayNest?
Murtaza Abedin is the current CEO of PayNest. They have also founded this company.
Is PayNest a funded company?
PayNest is a funded company, having raised a total of $2.16M across 1 funding round to date. The company's 1st funding round was a Seed of $2.16M, raised on Dec 13, 2023.
What does PayNest do?
PayNest, founded in 2021 in Dubai, United Arab Emirates, focuses on innovating financial technology, facilitating payment transactions, consumer payments, vertical payments, and education payments. App-based payment and management platform for individuals. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
What products or services does PayNest offer?
PayNest offers New Website.
Who are PayNest's investors?
PayNest has 4 investors. Key investors include BlueCrow, Lince Capital, Iberis Capital, and M4 Ventures.