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
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Paysense Services India Private Limited
- Date of Incorporation 24 Jul, 2015
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$8.18 M (USD)39.93as on Mar 31, 2022
-
Net Profit
$-8.71 M (USD)28.85as on Mar 31, 2022
-
EBITDA
$-8.65 M (USD)28.53as on Mar 31, 2022
-
Total Equity Funding
$34.1 M (USD)
in 4 rounds
-
Latest Funding Round
$8.3 M (USD), Series B
Jun 25, 2019
-
Investors
PayU
& 15 more
-
Employee Count
301
as on Apr 08, 2024
-
Acquired by
PayU
(Dec 23, 2019)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $8.3M
-
First Round
First Round
(03 Jun 2015)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Series B - PaySense | Valuation | Naspers | |
| Jun, 2018 | Amount | Series B - PaySense | Valuation | PayU , Naspers | |
| Dec, 2016 | Amount | Series A - PaySense | Valuation | Naspers , Jungle Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
Venture capital firm that partners with entrepreneurs for product-first companies.
|
Founded Year | Domain | Location | |
|
Global investments in early and growth-stage tech firms are conducted.
|
Founded Year | Domain | Location | |
|
Venture capital investments in early and growth-stage companies across Southeast Asia and India, focusing on technology sectors.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by PaySense
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - PaySense
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paysense Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Fibe is recognized as India's largest lending platform for instant credit solutions.
|
|
| domain | founded_year | HQ Location |
Consumer and business loans are facilitated via an online platform.
|
|
| domain | founded_year | HQ Location |
A consumer lending platform for financial applications is provided.
|
|
| domain | founded_year | HQ Location |
Online platform providing loans and credit cards from various financial institutions
|
|
| domain | founded_year | HQ Location |
Fintech services for credit, savings, and payments are delivered globally.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Paysense
Frequently Asked Questions about PaySense
When was PaySense founded?
PaySense was founded in 2015.
Where is PaySense located?
PaySense is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is PaySense a funded company?
PaySense is a funded company, having raised a total of $34.1M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5.5M, raised on Jun 03, 2015.
How many employees does PaySense have?
As of Apr 08, 2024, the latest employee count at PaySense is 301.
What is the annual revenue of PaySense?
Annual revenue of PaySense is $8.18M as on Mar 31, 2022.
What does PaySense do?
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.
Who are the top competitors of PaySense?
PaySense's top competitors include Fibe, Kredivo Holdings and Epimoney.
Who are PaySense's investors?
PaySense has 16 investors. Key investors include PayU, Nexus Venture Partners, Naspers, Jungle Ventures, and Daniel Edward Neary.
What is PaySense's valuation?
The valuation of PaySense is $133.81M as of Jun 2019.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.