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
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Net Profit
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EBITDA
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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
Employee Count
- 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Omni-channel app for unified merchant payments
Intuitive solutions for managing daily transactions
Enables contactless transactions on smartphones
Integrated turnkey services for banking needs
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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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series B — $2.0M
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First Round
First Round
(24 Sep 2015)
- Investors Count 95
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series B - Payswiff | Valuation | Vaolu Sa | |
| Jan, 2019 | Amount | Series A - Payswiff | Valuation |
investors |
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| Jan, 2018 | Amount | Series A - Payswiff | Valuation | Abhay Deshpande |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
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Venture capital is directed toward multiple sectors by the fund.
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Founded Year | Domain | Location | |
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Early-stage tech-focused VC firm funding companies in the US
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Founded Year | Domain | Location | |
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A global venture capital firm focused on technology investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Payswiff
Payswiff has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include goSwiff. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile payment platform provider
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Payswiff
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Payswiff Comparisons
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. 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 |
Cloud-based mPOS software and hardware solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Point-of-sale machines, soundboxes, and merchant payment solutions are offered.
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| domain | founded_year | HQ Location |
Drive-through automation solutions for restaurants are provided using AI.
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| domain | founded_year | HQ Location |
Integrated online and offline payment solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Embedded systems for fintech and payments are designed and manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Payswiff
Frequently Asked Questions about Payswiff
When was Payswiff founded?
Payswiff was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Payswiff located?
Payswiff is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is Payswiff a funded company?
Payswiff is a funded company, having raised a total of $12.8M across 8 funding rounds to date. The company's 1st funding round was a Series A of $137.06K, raised on Sep 24, 2015.
What does Payswiff do?
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.
Who are the top competitors of Payswiff?
What products or services does Payswiff offer?
Payswiff offers Payswiff SET App, POS Machines, Contactless Payments, and Solutions for Banks.
How many acquisitions has Payswiff made?
Payswiff has made 1 acquisition, including goSwiff.
Who are Payswiff's investors?
Payswiff has 96 investors. Key investors include Cholamandalam Investment and Finance Company, Yadu Corporations, Fifth Quadrant, Shraddha Viraj Gandhi, and Aashna Shah.
What is Payswiff's valuation?
The valuation of Payswiff is $60.75M as of Mar 2021.
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