Payswiff
About Payswiff
Payswiff is a company based in Hyderabad (India) founded in 2013 by Maulik Shah, Krishna Kishore Vinnakota, Anil Bharadwaj V, and Ravi Kiran Pedarla was acquired by Cholamandalam Investment and Finance Company in January 2022. Payswiff has raised $12.8 million across 8 funding rounds from investors including Cholamandalam Investment and Finance Company, Yadu Corporations and Fifth Quadrant. Payswiff has completed 1 acquisition, including goSwiff. Payswiff offers products and services including Payswiff SET App, POS Machines, Contactless Payments, and Solutions for Banks. Payswiff operates in a competitive market with competitors including Ezetap, Mswipe, Presto, Innoviti and Evolute, among others.
- Headquarter Hyderabad, India
- Founders Maulik Shah, Krishna Kishore Vinnakota, Anil Bharadwaj V, Ravi Kiran Pedarla
- 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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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$12.8 M (USD)
in 8 rounds
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Latest Funding Round
$1.96 M (USD), Series B
Mar 30, 2021
- Investors
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
Cholamandalam Investment and Finance Company
(Jan 18, 2022)
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Products & Services of Payswiff
Payswiff offers a comprehensive portfolio of products and services, including Payswiff SET App, POS Machines, Contactless Payments, and Solutions for Banks.
Omni-channel app for unified merchant payments
Intuitive solutions for managing daily transactions
Enables contactless transactions on smartphones
Integrated turnkey services for banking needs
People of Payswiff
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Funding Insights of Payswiff
Payswiff has successfully raised a total of $12.8M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $1.96 million completed in March 2021. 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 Payswiff
Payswiff has secured backing from 96 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Cholamandalam Investment and Finance Company, Yadu Corporations and Fifth Quadrant.
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Venture capital is directed toward multiple sectors by the fund.
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Early-stage tech-focused VC firm funding companies in the US
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A global venture capital firm focused on technology investments.
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Investor details for Payswiff
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Investments & Acquisitions by Payswiff
Payswiff has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include goSwiff.
Investment portfolio details for Payswiff
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Mobile payment platform provider
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Complete acquisition details for Payswiff
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Financial Statements - Payswiff
Detailed financials for Payswiff
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Payswiff Comparisons
Peer comparison for Payswiff
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Competitors of Payswiff
Payswiff 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 Ezetap, Mswipe, Presto, Innoviti and Evolute, among others.
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Cloud-based mPOS software and hardware solutions are provided for businesses.
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Point-of-sale machines, soundboxes, and merchant payment solutions are offered.
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Drive-through automation solutions for restaurants are provided using AI.
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Integrated online and offline payment solutions are provided for businesses.
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Embedded systems for fintech and payments are designed and manufactured.
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Detailed competitors of Payswiff
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Latest news on Payswiff
Complete news archive for Payswiff
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Frequently Asked Questions about Payswiff
Payswiff was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Payswiff is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Payswiff is a funded company, having raised a total of $12.8M across 8 funding rounds to date.
Provider of POS and MPOS solutions for businesses to accept card payments. Its POS device enables merchants to accept contact and contactless card payments. The POS software enables the merchant to provide card-on-delivery, send receipts through email, provide an EMI option, and more. Also provides mPOS solutions that include Android and IOS apps and a mobile card reader. Merchants can also create and send payment links and accept payments from wallets through the mobile app.
Payswiff offers Payswiff SET App, POS Machines, Contactless Payments, and Solutions for Banks.
Payswiff has made 1 acquisition, including goSwiff.
Payswiff has 96 investors. Key investors include Cholamandalam Investment and Finance Company, Yadu Corporations, Fifth Quadrant, Shraddha Viraj Gandhi, and Aashna Shah.
The valuation of Payswiff is $60.75M as of Mar 2021.