About PaySay
PaySay is a Financial Services company based in Delhi (India) founded in 2023 by Vidhi Aggarwal, Nidhi Gupta, Vipan Kumar Aggarwal, and Indu Mathi Aggarwal. It provides instant credit cards and financial services for everyday credit needs. It operates on a D2C and B2C model. Its Indian entity V.N. Credits Limited reported revenue of ₹59.2 Lakh. PaySay offers products and services including Instant Credit Card and Credit Management Tools. Its focus areas include FinTech, Financial Education, Blogs and Guides and Credit Services. Similar companies include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv; 1 of its 3 listed similar companies has raised funding.
Company details
Paysay is a financial services company that facilitates easy access to credit cards and related tools through its mobile app. It focuses on enabling quick approvals and financial management for individuals. Based in India, the platform supports users in making payments and comparing options, promoting financial independence. The company also provides educational resources like blogs on credit practices.
- Headquarters Delhi, India
- Founders Vidhi Aggarwal, Nidhi Gupta, Vipan Kumar Aggarwal, Indu Mathi Aggarwal
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website paysay.in
- Legal Name V.N. Credits Limited
- Date of Incorporation 17 Feb, 1997
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹59.2 Lakh
FY 2024 · +96% YoY
- Net Loss-₹18.7 Lakh
FY 2024 · -32% margin
- EBITDA-₹18.5 Lakh
FY 2024 · -31% margin
Associated legal entities of PaySay
PaySay operates through V.N. Credits Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| V.N. Credits Limited CIN U65929DL1997PLC085203 | Active | 17 Feb 1997 | New Delhi, Delhi | ₹0.6 Cr | 8 | View details |
Products & Services of PaySay
PaySay offers a comprehensive portfolio of products and services, including Instant Credit Card and Credit Management Tools.
Service for quick credit card issuance and shopping access.
Platform for credit comparisons and payment guidance.
Board of directors of V.N. Credits Limited (PaySay)
V.N. Credits Limited is the primary company behind PaySay. The board of V.N. Credits Limited currently have 7 directors; the longest-serving is Vipan Kumar Aggarwal, appointed in 2001. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vipan Kumar Aggarwal DIN 00435072 | Whole-time director | 29 Sep 2001 | 25 yrs | V.N. Credits Limited |
| Indu Aggarwal DIN 00434993 | Director | 29 Sep 2001 | 25 yrs | V.N. Credits Limited |
| Vidhi Aggarwal DIN 01672948 | Whole-time director | 01 Aug 2007 | 19 yrs 2 mo | V.N. Credits Limited |
| Nidhi Gupta DIN 01672971 | Whole-time director | 01 Aug 2007 | 19 yrs 2 mo | V.N. Credits Limited |
| Yogendra Sharma DIN 09332594 | Director | 21 Mar 2024 | 2 yrs 7 mo | V.N. Credits Limited |
| Nidhi Mittal DIN 07955128 | Director | 23 Sep 2025 | 1 yr 1 mo | V.N. Credits Limited |
| Hemant Kumar Gupta DIN 10126370 | Director | 23 Sep 2025 | 1 yr 1 mo | V.N. Credits Limited |
People of PaySay
4 people are tracked at PaySay (4 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
| Founder | Leadership | |
| Founder | Leadership | |
| Founder | Leadership |
Complete people profiles for PaySay
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Financials of PaySay
Figures of V.N. Credits Limited, the primary company behind PaySay, for FY 2024. Revenue was ₹59.2 Lakh (+96% year on year). Net loss was -₹18.7 Lakh (-32% margin). EBITDA was -₹18.5 Lakh (-31% margin). Revenue has grown at a compounded annual rate of +20% over three years and +13% over five years.
- ₹59.2 LakhRevenue · FY 2024 · +96% YoY
- -₹18.7 LakhNet loss · -32% margin
- -₹18.5 LakhEBITDA · -31% margin
- ₹2.40 CrPaid-up capital
- +20%Revenue CAGR, 3 years
- +13%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of V.N. Credits Limited are on its company page.
Detailed financial statements for PaySay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Similar companies to PaySay
PaySay has 3 listed similar companies in our database, 1 of them funded. They include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| manappuram.com | 1992 | Valapad, India | $39.98M | 32,076 | Consumer and SME loans are provided by Manappuram Finance. | |
| ltfs.com | 1994 | Mumbai, India | 39,216 | Diversified lending services are provided as a non-banking financial institution. | ||
| bajajfinserv.in | 2007 | Pune, India | 53,782 | Financial solutions including loans and insurance are offered. |
Detailed similar companies of PaySay
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Top companies in Alternative Lending
3 companies that operate in the same segment as PaySay (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about Paysay
Complete news archive for PaySay
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Frequently Asked Questions about PaySay
PaySay was founded in 2023.
PaySay is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
The primary company behind PaySay, V.N. Credits Limited, reported revenue of ₹59.2 Lakh for FY 2024, up 96% year on year.
Paysay is a financial services company that facilitates easy access to credit cards and related tools through its mobile app. It focuses on enabling quick approvals and financial management for individuals. Based in India, the platform supports users in making payments and comparing options, promoting financial independence. The company also provides educational resources like blogs on credit practices.
PaySay's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
PaySay offers Instant Credit Card and Credit Management Tools.
PaySay operates through V.N. Credits Limited.
The legal entities of PaySay currently have 8 directors, including Vidhi Aggarwal, Nidhi Gupta, Amit Doger and others.