About Paysack
Paysack is a company based in Bengaluru (India) founded in 2015. Paysack has raised $59.8 thousand across 2 funding rounds from investors including Spark10, Mellacheruvu Satyavani and Deepak Lal Ambwani. Paysack operates in a competitive market with competitors including PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others.
- Headquarter Bengaluru, India
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Sectors
TechnologyFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Mad Over Mobile Private Limited
- Date of Incorporation 16 Oct, 2015
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$12.48 K (USD)32.22as on Mar 31, 2022
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Net Profit
-$3.88 K (USD)78.08as on Mar 31, 2022
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EBITDA
-$737.96 (USD)88.35as on Mar 31, 2022
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Total Equity Funding
$59.8 K (USD)
in 2 rounds
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Latest Funding Round
$29.87 K (USD), Seed
Feb 13, 2017
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Investors
Spark10
& 8 more
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Employee Count
Not available
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Funding Insights of Paysack
Paysack has successfully raised a total of $59.8K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $29.87 thousand completed in February 2017. 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 Paysack
Paysack has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Spark10, Mellacheruvu Satyavani and Deepak Lal Ambwani.
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Investment in startups across Fintech, SaaS, and other sectors, with mentorship and funding services provided.
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Mellacheruvu Satyavani |
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DL
Deepak Lal Ambwani |
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Investor details for Paysack
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Investments & Acquisitions by Paysack
Investment portfolio details for Paysack
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Financial Statements - Paysack
Detailed financials for Paysack
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- Profit trends
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Paysack Comparisons
Peer comparison for Paysack
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- Named peers
- Headcount comparison
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Competitors of Paysack
Paysack 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 PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment, financial, investment, and lending services are provided digitally.
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Operator of platform for online mobile, DTH recharge, and bill payments
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Digital payments, financial services, and e-commerce platforms are provided.
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Digital wallet services for bill payments and recharges are facilitated.
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Cross-border payments are enabled via wallet solutions for consumers.
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Wallet-based payment solutions are provided for consumers and businesses.
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Detailed competitors of Paysack
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Latest news on Paysack
Complete news archive for Paysack
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Frequently Asked Questions about Paysack
Paysack was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Paysack is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Paysack is a funded company, having raised a total of $59.8K across 2 funding rounds to date.
Annual revenue of Paysack is $12.48K as on Mar 31, 2022.
Provider of full-stack banking platform solutions for fintechs. This company offers a comprehensive suite of services enabling the development and launch of financial products. Solutions include digital salary accounts, enterprise wallets and cards, student and fleet wallet options, and a connect API platform for both enterprises and startups. Additionally, it provides custom payment platform development for businesses needing to pay or collect funds. The company handles the technology management, allowing clients to focus on their core business.
Paysack has 9 investors. Key investors include Spark10, Mellacheruvu Satyavani, Deepak Lal Ambwani, Kannaparaju Kammila, and Sreenivasa Rao Kurakula.
The valuation of Paysack is $324.19K as of Feb 2017.