About PaySense
PaySense is a company based in Mumbai (India) founded in 2015 was acquired by PayU in December 2019. PaySense has raised $34.1 million across 4 funding rounds from investors including PayU, Nexus Venture Partners and Naspers. The company has 301 employees as of April 08, 2024. PaySense operates in a competitive market with competitors including Fibe, Epimoney, Kredivo Holdings, IndiaLends and Tala, among others.
- Headquarter Mumbai, India
- Employees 301 as on 08 Apr, 2024
- Stage Minicorn
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Sectors
Financial 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 Paysense Services India Private Limited
- Date of Incorporation 24 Jul, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$8.18 M (USD)39.93as on Mar 31, 2022
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Net Profit
-$8.71 M (USD)28.85as on Mar 31, 2022
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EBITDA
-$8.65 M (USD)28.53as on Mar 31, 2022
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Total Equity Funding
$34.1 M (USD)
in 4 rounds
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Latest Funding Round
$8.3 M (USD), Series B
Jun 25, 2019
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Investors
PayU
& 15 more
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Employee Count
301
as on Apr 08, 2024
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Acquired by
PayU
(Dec 23, 2019)
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Funding Insights of PaySense
PaySense has successfully raised a total of $34.1M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $8.3 million completed in June 2019. 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 PaySense
PaySense has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include PayU, Nexus Venture Partners and Naspers.
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Venture capital firm that partners with entrepreneurs for product-first companies.
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Global investments in early and growth-stage tech firms are conducted.
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Venture capital investments in early and growth-stage companies across Southeast Asia and India, focusing on technology sectors.
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Investor details for PaySense
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
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Investments & Acquisitions by PaySense
Investment portfolio details for PaySense
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Financial Statements - PaySense
Detailed financials for PaySense
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Paysense Comparisons
Peer comparison for PaySense
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- Named peers
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Competitors of PaySense
PaySense 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 Fibe, Epimoney, Kredivo Holdings, IndiaLends and Tala, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Fibe is recognized as India's largest lending platform for instant credit solutions.
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Consumer and business loans are facilitated via an online platform.
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A consumer lending platform for financial applications is provided.
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Online platform providing loans and credit cards from various financial institutions
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Fintech services for credit, savings, and payments are delivered globally.
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Detailed competitors of PaySense
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Latest news on Paysense
Complete news archive for PaySense
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Frequently Asked Questions about PaySense
PaySense was founded in 2015.
PaySense is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
PaySense is a funded company, having raised a total of $34.1M across 4 funding rounds to date.
As of Apr 08, 2024, the latest employee count at PaySense is 301.
Annual revenue of PaySense is $8.18M as on Mar 31, 2022.
PaySense was founded in 2015 in Mumbai, India, as an online platform in the consumer lending sector. Unsecured personal financing, auto loans, and home improvement loans are provided with flexible interest rates, terms, and repayment options. Credit assessments are conducted using proprietary risk evaluation software. The application is accessible on the Android platform for users in India.
PaySense's top competitors include Fibe, Kredivo Holdings and Epimoney.
PaySense has 16 investors. Key investors include PayU, Nexus Venture Partners, Naspers, Jungle Ventures, and Daniel Edward Neary.
The valuation of PaySense is $133.81M as of Jun 2019.