Payswiff
About Payswiff
Payswiff is a Financial Services company based in Hyderabad (India) founded in 2013 by Maulik Shah, Krishna Kishore Vinnakota, Anil Bharadwaj V, and Ravi Kiran Pedarla, and 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 was last valued at $60.75 million in March 2021. Its website payswiff.com draws about 13 thousand monthly visits. Its Indian entity Payswiff Technologies Private Limited reported revenue of ₹111 Cr. Payswiff offers products and services including Payswiff SET App, POS Machines, Contactless Payments, and Solutions for Banks. Its focus areas include FinTech, Payments, Business Payments and POS Payments. Its competitors include Ezetap, Mswipe and Innoviti; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Hyderabad, India
- Founders Maulik Shah, Krishna Kishore Vinnakota, Anil Bharadwaj V, Ravi Kiran Pedarla
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website payswiff.com
- Social LinkedIn X Facebook YouTube
- Acquired by Cholamandalam Investment and Finance Company (Jan 2022)
- Legal Name Payswiff Technologies Private Limited
- Date of Incorporation 27 Aug, 2013
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹111 Cr
FY 2025 · -18% YoY
- Net Profit₹3.63 Cr
FY 2025 · 3% margin
- EBITDA₹41.37 Cr
FY 2025 · 37% margin
- Total Equity Funding$12.8M (USD)
in 8 rounds
- Latest Funding Round$1.96M (USD), Series B
Mar 2021
- Investors
- Investments & Acquisitions
- Acquired byCholamandalam Investment and Finance Company
(Jan 2022)
Associated legal entities of Payswiff
Payswiff is associated with 4 registered companies on The Company Check; the primary company is Payswiff Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Payswiff Technologies Private Limited CIN U66190TG2013PTC089686 | Active | 27 Aug 2013 | Hyderabad, Telangana | ₹111 Cr | 204 | 5 | View details |
| Payswiff Services Private Limited CIN U74900TG2013PTC090267 | Amalgamated | 30 Sep 2013 | Hyderabad, Telangana | ₹1.2 Cr | 5 | View details | |
| Payswiff Solutions Private Limited CIN U74120TG2012PTC084551 | Amalgamated | 03 Dec 2012 | Hyderabad, Telangana | ₹284 Cr | 385 | 5 | View details |
| Payswiff Technologies Private Limited CIN U74900TG2013PTC089686 | Active | 27 Aug 2013 | Hyderabad, Telangana, India | View details |
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
Apps and channels of Payswiff
Payswiff publishes 1 mobile app with over 100K+ downloads; its YouTube channel Payswiff has 65 subscribers and 30 videos.
Videos from Payswiff
The most watched videos on Payswiff's YouTube channel, Payswiff (65 subscribers). Click a video to play it here.
More on Payswiff.
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 $12.8M
- Total Rounds 8
- Last Round Series B — $1.96M
- First Round $1.74M
(Sep 2015)
- Investors Count 95
All 8 funding rounds of Payswiff 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 |
|---|---|---|---|---|---|
| Mar 2021 | $1.96M | Series B | $60.75M | Vaolu Sa | |
| Jan 2019 | $2.48M | Series A | $76.48M | – | |
| Jan 2018 | $137,058 | Series A | $••••• | Abhay Deshpande | |
| Nov 2017 | $1.82M | Series A | $••••• | TGV, True Global Ventures | – |
| Jun 2017 | $3.16M | Series A | $••••• | Yadu | – |
| Jan 2017 | $322,502 | Angel Round | $••••• | Dharmendra Gulabchand Siraj, Navbharat Potteries | |
| Apr 2016 | $1.18M | Angel Round | $••••• | Vinesh Narandas Davda | |
| Sep 2015 | $1.74M | Angel Round | $••••• | Ramesh Chandra Majithia | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2021 | $60.75M | •••••••• |
| Jan 2019 | $76.48M | •••••••• |
| Jan 2018 | $••••• | •••••••• |
| Nov 2017 | $••••• | •••••••• |
| Jun 2017 | $••••• | •••••••• |
| Jan 2017 | $••••• | •••••••• |
| Apr 2016 | $••••• | •••••••• |
| Sep 2015 | $••••• | •••••••• |
Full valuation and stage history of Payswiff
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $60.75M (Mar 2021). 96 investors in total: 8 institutional and 88 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is directed toward multiple sectors by the fund. | Surat, India | |||
Early-stage tech-focused VC firm funding companies in the US | hardyaka.com | San Francisco, United States | ||
A global venture capital firm focused on technology investments. | tgv4plus.com | Hong Kong, China | ||
Offers managed IT services, network security, and business intelligence for organizations. | 2019 | fifthquadrant.tech | Houston, United States | |
| trueglobalventures.com | ||||
Yadu Corporations is engaged in sugar and byproduct production. | yadu.in | Delhi, India | ||
Home and SME loans are provided in India. | 1978 | cholamandalam.com | Chennai, India | |
SV Shraddha Viraj Gandhi | unknown_5205b294772c43cea | |||
AS Aashna Shah | Angel investor and entrepreneur, focusing on early-stage Indian startups. | unknown_b30ed7997c5047368 |
Investor details for Payswiff
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Payswiff Technologies Private Limited (Payswiff)
Payswiff Technologies Private Limited is the primary company behind Payswiff. The boards of the 3 registered companies of Payswiff currently have 7 directors; the longest-serving is Anil Bharadwaj Vedam, appointed in 2013. 32 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anil Bharadwaj Vedam DIN 01689864 | Director | 30 Sep 2013 | 13 yrs 1 mo | Payswiff Services Private Limited |
| Priti Maulik Shah DIN 06654231 | Director | 10 Mar 2014 | 12 yrs 8 mo | Payswiff Solutions Private Limited |
| Prabhuram Radhakrishnan DIN 01673968 | Director | 28 Jan 2016 | 10 yrs 9 mo | Payswiff Services Private Limited, Payswiff Solutions Private Limited, Payswiff Technologies Private Limited |
| Abhay Deshpande Raosaheb DIN 00427314 | Director | 05 Mar 2017 | 9 yrs 8 mo | Payswiff Technologies Private Limited |
| Arulselvan Dharmalingam DIN 00010065 | Director | 11 Mar 2022 | 4 yrs 8 mo | Payswiff Services Private Limited, Payswiff Solutions Private Limited, Payswiff Technologies Private Limited |
| Ravindra Kumar Kundu DIN 07337155 | Director | 11 Mar 2022 | 4 yrs 8 mo | Payswiff Services Private Limited, Payswiff Solutions Private Limited, Payswiff Technologies Private Limited |
| Arun Venkatachalam DIN 09511997 | Director | 11 Mar 2022 | 4 yrs 8 mo | Payswiff Services Private Limited, Payswiff Solutions Private Limited, Payswiff Technologies Private Limited |
People of Payswiff
22 people are tracked at Payswiff (9 in leadership, 6 in board & advisors, 7 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & COO | Leadership | |
Anil Bharadwaj V | Co-Founder & CCO | Leadership |
| Co-Founder & CTO | Leadership | |
| Co-Founder & Chief Commercial Officer | Leadership | |
Krishna Kishore | Co-Founder & Chief Operations Officer | Leadership |
Ravi Kiran | Co-Founder & Director, Product & Technology | Leadership |
| Co-Founder & Director, Business & Strategy | Leadership | |
Chandra Kant Akela | Authorize Partner | Leadership |
| Director | Board & advisors | |
| Director | Board & advisors | |
| Managing Director | Board & advisors | |
| Chairman | Board & advisors | |
| Director | Board & advisors | |
V.G. Narayanan | Advisor | Board & advisors |
HARDIK NAIK | Sales Manager | Team |
Naga Babu | Sales | Team |
sravanthi musku | Software Engineer | Team |
Mehtab Khan | Sales Executive | Team |
pawan sawarkar | Sales Executive | Team |
2 more people are available in the full profile.
Complete people profiles for Payswiff
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Payswiff
Figures of Payswiff Technologies Private Limited, the primary company behind Payswiff, for FY 2025. Revenue was ₹111 Cr (-18% year on year). Net profit was ₹3.63 Cr (3% margin). EBITDA was ₹41.37 Cr (37% margin). Revenue has grown at a compounded annual rate of -27% over three years and +11% over five years.
- ₹111 CrRevenue · FY 2025 · -18% YoY
- ₹3.63 CrNet profit · 3% margin
- ₹41.37 CrEBITDA · 37% margin
- ₹3.77 CrPaid-up capital
- 204Employees (provident fund records)
- -27%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Payswiff Technologies Private Limited are on its company page.
Detailed financial statements for Payswiff
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Investments & Acquisitions by Payswiff
Payswiff has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include goSwiff.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Mobile payment platform provider | goswiff.com | Singapore | 2010 | Oct 2017 | $100M |
Complete acquisition details for Payswiff
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Payswiff
6 dated milestones of Payswiff across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Payswiff is founded.
- Funding First funding round of $1.7M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires goSwiff.
- Funding Latest funding round, Series B, of $2.0M.
- Exit Acquired by Cholamandalam Investment and Finance Company.
Competitors of Payswiff
Payswiff has 3 listed competitors in our database, 3 of them funded. They include Ezetap, Mswipe and Innoviti.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ezetap.com | 2011 | Bengaluru, India | $66.4M | 532 | Cloud-based mPOS software and hardware solutions are provided for businesses. | |
| mswipe.com | 2011 | Mumbai, India | $125.95M | 1,088 | Point-of-sale machines, soundboxes, and merchant payment solutions are offered. | |
| innoviti.com | 2002 | Bengaluru, India | $141.01M | 198 | Integrated online and offline payment solutions are provided for businesses. |
Detailed competitors of Payswiff
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Payswiff
The website of Payswiff (payswiff.com) receives about 13.3K visits a month.
- Monthly visits13.3K
▼ 7.9% vs previous month
Websites whose visitors overlap most with Payswiff. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| indifi.com | 100% | 86.5K | #368,317 | View details | |
| bharatpe.com | 60% | 169.6K | #316,757 | View details |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Payswiff (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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Related news about 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. The company's 1st funding round was a Angel Round of $1.74M, raised on Sep 2015.
The primary company behind Payswiff, Payswiff Technologies Private Limited, reported revenue of ₹111 Cr for FY 2025, down 18% year on year.
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.
Payswiff is associated with 3 legal entities: Payswiff Technologies Private Limited, Payswiff Services Private Limited, Payswiff Solutions Private Limited.
Yes. Payswiff was acquired by Cholamandalam Investment and Finance Company in January 2022.