About Payso Fintech
Payso Fintech is a Financial Services company based in Mumbai (India) founded in 2015 by Yogesh Verma. Cash collection networks and digital payment solutions are operated. Payso Fintech has raised $732.44 thousand across 1 funding round from investors including Sukraft, Bharti Patel and Sunil Modi. The company has 25 employees. Payso Fintech was last valued at $2.22 million in January 2017. Its Indian entity Payso Fintech Private Limited reported revenue of ₹11.8 Lakh. Its focus areas include FinTech, Payments, Business Payments and Agent Based Payments. Its competitors include Dvara KGFS, Kaleidofin and Spice Money; 3 of its 3 listed competitors have raised funding.
Company details
Payso Fintech was founded in 2015 in Mumbai, India, within the financial technology sector. A simplified payment system is maintained for digital transactions, encompassing cash collection networks. Cash management and transaction banking products are offered to support customer payment processes across operations.
- Headquarters Mumbai, India
- Employees 25
- Founders Yogesh Verma
- Stage Minicorn
- SectorsFinancial Services
- Website paysofintech.com
- Social LinkedIn X
- Legal Name Payso Fintech Private Limited
- Date of Incorporation 11 Sep, 2015
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹11.8 Lakh
FY 2020 · -58% YoY
- Net Loss-₹99.5 Lakh
FY 2020 · -840% margin
- EBITDA-₹66.4 Lakh
FY 2020 · -561% margin
- Total Equity Funding$732.44K (USD)
in 1 rounds
- Latest Funding Round$732.44K (USD), Seed
Jan 2017
- InvestorsSukraft
& 3 more
- Employee Count25
Associated legal entities of Payso Fintech
Payso Fintech operates through Payso Fintech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Payso Fintech Private Limited CIN U74120MH2015PTC268352 | Active | 11 Sep 2015 | Mumbai, Maharashtra | ₹0.1 Cr | 25 | 2 | View details |
Funding Insights of Payso Fintech
Payso Fintech has successfully raised a total of $732.44K through 1 strategic funding round. The most recent funding activity was a Seed round of $732.44 thousand completed in January 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.
- Total Funding $732,440
- Total Rounds 1
- Last Round Seed — $732,440
- First Round $732,440
(Jan 2017)
- Investors Count 4
All 1 funding rounds of Payso Fintech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2017 | $732,440 | Seed | $2.22M | Sukraft |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2017 | $2.22M | •••••••• |
Last known valuation $2.22M (Jan 2017). 4 investors in total: 1 institutional and 3 angel.
Investors in Payso Fintech
Payso Fintech has secured backing from 4 investors, including angel and institutional investors. Prominent investors backing the company include Sukraft, Bharti Patel and Sunil Modi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Paper recycling services are provided by Sukraft in India. | 2010 | sukraft.com | Thane, India | |
BP Bharti Patel | Angel investor focusing on Indian startups in tech and healthcare sectors. | unknown_1cebfd802d7246aab | ||
SM Sunil Modi | unknown_34bd0c035d7546a89 | |||
JP Jayesh Patel | Angel investor and entrepreneur, focused on tech startups in India. | unknown_8737395e09c646aaa |
Investor details for Payso Fintech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Payso Fintech Private Limited (Payso Fintech)
Payso Fintech Private Limited is the primary company behind Payso Fintech. The board of Payso Fintech Private Limited currently have 2 directors; the longest-serving is Ankit Bhatnagar, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ankit Bhatnagar DIN 07269938 | Director | 11 Sep 2015 | 11 yrs 1 mo | Payso Fintech Private Limited |
| Yogesh Nagarmal Verma DIN 07286314 | Director | 11 Sep 2015 | 11 yrs 1 mo | Payso Fintech Private Limited |
People of Payso Fintech
1 people are tracked at Payso Fintech (1 in leadership); the tracked headcount is 25.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Payso Fintech
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Verified entity values are shown only after access is granted.
Financials of Payso Fintech
Figures of Payso Fintech Private Limited, the primary company behind Payso Fintech, for FY 2020. Revenue was ₹11.8 Lakh (-58% year on year). Net loss was -₹99.5 Lakh (-840% margin). EBITDA was -₹66.4 Lakh (-561% margin).
- ₹11.8 LakhRevenue · FY 2020 · -58% YoY
- -₹99.5 LakhNet loss · -840% margin
- -₹66.4 LakhEBITDA · -561% margin
- ₹16.2 LakhPaid-up capital
- 25Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Payso Fintech Private Limited are on its company page.
Detailed financial statements for Payso Fintech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of Payso Fintech
3 dated milestones of Payso Fintech across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Payso Fintech is founded.
- Funding First funding round of $732K.
- Milestone Reaches Minicorn status.
Competitors of Payso Fintech
Payso Fintech has 3 listed competitors in our database, 3 of them funded. They include Dvara KGFS, Kaleidofin and Spice Money.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dvarakgfs.com | 2008 | Chennai, India | $43.71M | 4,134 | Loans for consumers and SMEs are provided alongside financial services. | |
| kaleidofin.com | 2017 | Chennai, India | $47.39M | 141 | Provider of financial technology solutions for inclusive lending | |
| spicemoney.com | 2000 | Noida, India | $15.42M | 1,164 | Digital payment and banking service provider in rural areas |
Detailed competitors of Payso Fintech
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Payso Fintech (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Frequently Asked Questions about Payso Fintech
Payso Fintech was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Payso Fintech is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Payso Fintech is a funded company, having raised a total of $732.44K across 1 funding round to date. The company's 1st funding round was a Seed of $732.44K, raised on Jan 2017.
Payso Fintech has 25 employees.
The primary company behind Payso Fintech, Payso Fintech Private Limited, reported revenue of ₹11.8 Lakh for FY 2020, down 58% year on year.
Payso Fintech was founded in 2015 in Mumbai, India, within the financial technology sector. A simplified payment system is maintained for digital transactions, encompassing cash collection networks. Cash management and transaction banking products are offered to support customer payment processes across operations.
Payso Fintech's top competitors include Spice Money, Kaleidofin and Dvara KGFS.
Payso Fintech has 4 investors. Key investors include Sukraft, Bharti Patel, Sunil Modi, and Jayesh Patel.
The valuation of Payso Fintech is $2.22M as of Jan 2017.
Payso Fintech operates through Payso Fintech Private Limited.
The legal entities of Payso Fintech currently have 2 directors, including Ankit Bhatnagar, Yogesh Nagarmal Verma.