About Paythrough
Paythrough is a Financial Services company based in Pune (India) founded in 2013, and was acquired by Maitreya Capital in September 2022. Banking correspondent. Paythrough has raised $204.87 thousand across 2 funding rounds from investors including Maitreya Capital, M D Zakir Khan and Mohd Wajid Khan. The company has 25 employees. Paythrough was last valued at $406.67 thousand in March 2022. Its Indian entity Paythrough Softwares And Solutions Private Limited reported revenue of ₹3.89 Cr. Its focus areas include FinTech, Banking Tech, Correspondent Banking and Software for Correspondent Bankers.
Company details
Paythrough was founded in 2013 in Pune, India, operating as a banking correspondent in the financial services sector. Services including deposits, withdrawals, and money transfers are provided via a network of authorized retail points. Correspondence is extended to SBI, RBL Bank, and Bank of India as of January 2017, enabling account access for users across these institutions.
- Headquarters Pune, India
- Employees 25
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website paythrough.in
- Social Facebook
- Acquired by Maitreya Capital (Sep 2022)
- Legal Name Paythrough Softwares And Solutions Private Limited
- Date of Incorporation 26 Aug, 2013
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹3.89 Cr
FY 2024 · +178% YoY
- Net Profit₹68.1 Lakh
FY 2024 · 18% margin
- EBITDA₹74.5 Lakh
FY 2024 · 19% margin
- Total Equity Funding$204.87K (USD)
in 2 rounds
- Latest Funding Round$98.88K (USD), Seed
Mar 2022
- InvestorsMaitreya Capital
& 5 more
- Employee Count25
- Acquired byMaitreya Capital
(Sep 2022)
Associated legal entities of Paythrough
Paythrough operates through Paythrough Softwares And Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Paythrough Softwares And Solutions Private Limited CIN U74900PN2013PTC148579 | Active | 26 Aug 2013 | Pune, Maharashtra | ₹3.9 Cr | 25 | 4 | View details |
Funding Insights of Paythrough
Paythrough has successfully raised a total of $204.87K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $98.88 thousand completed in March 2022. 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 $204,869
- Total Rounds 2
- Last Round Seed — $98,882
- First Round $105,987
(Mar 2020)
- Investors Count 5
All 2 funding rounds of Paythrough 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 2022 | $98,882 | Seed | $406,671 | M D Zakir Khan, Mohd Wajid Khan | |
| Mar 2020 | $105,987 | Seed | $312,240 | Vijay Anant Puranik | – |
Last known valuation $406,671 (Mar 2022). 6 investors in total: 1 institutional and 5 angel.
Investors in Paythrough
Paythrough has secured backing from 6 investors, including angel and institutional investors. Prominent investors backing the company include Maitreya Capital, M D Zakir Khan and Mohd Wajid Khan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
NBFC providing SME loans | 2015 | maitreyacapital.in | Mumbai, India | |
MD M D Zakir Khan | unknown_8cd227441a3444bd9 | |||
MW Mohd Wajid Khan | unknown_4b4717b7b8324cb39 | |||
VA Vijay Anant Puranik | unknown_0d6724819e0f4a8d8 | |||
SC Sudip Chatterjee | Angel investor and entrepreneur, co-founder of Little Eye Labs, acquired by Facebook. | unknown_764647adda2449e39 | ||
JC Joydeep Chatterjee | unknown_8953d1e5b28847e3a |
Investor details for Paythrough
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Paythrough Softwares And Solutions Private Limited (Paythrough)
Paythrough Softwares And Solutions Private Limited is the primary company behind Paythrough. The board of Paythrough Softwares And Solutions Private Limited currently have 4 directors; the longest-serving is Joydeep Chatterjee, appointed in 2013. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Joydeep Chatterjee DIN 06619522 | Director | 26 Aug 2013 | 13 yrs 2 mo | Paythrough Softwares And Solutions Private Limited |
| Sudip Chatterjee DIN 03129429 | Director | 26 Aug 2013 | 13 yrs 2 mo | Paythrough Softwares And Solutions Private Limited |
| Mohammad Zakir Khan DIN 07051310 | Director | 28 Mar 2015 | 11 yrs 7 mo | Paythrough Softwares And Solutions Private Limited |
| Mohd Wajid Khan Hassan DIN 07664960 | Director | 06 Mar 2018 | 8 yrs 7 mo | Paythrough Softwares And Solutions Private Limited |
Financials of Paythrough
Figures of Paythrough Softwares And Solutions Private Limited, the primary company behind Paythrough, for FY 2024. Revenue was ₹3.89 Cr (+178% year on year). Net profit was ₹68.1 Lakh (18% margin). EBITDA was ₹74.5 Lakh (19% margin). Revenue has grown at a compounded annual rate of +22% over three years and +5% over five years.
- ₹3.89 CrRevenue · FY 2024 · +178% YoY
- ₹68.1 LakhNet profit · 18% margin
- ₹74.5 LakhEBITDA · 19% margin
- ₹22 LakhPaid-up capital
- 25Employees (provident fund records)
- +22%Revenue CAGR, 3 years
- +5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Paythrough Softwares And Solutions Private Limited are on its company page.
Detailed financial statements for Paythrough
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Paythrough
4 dated milestones of Paythrough across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Paythrough is founded.
- Funding First funding round of $106K.
- Funding Latest funding round, Seed, of $99K.
- Exit Acquired by Maitreya Capital.
Web traffic of Paythrough
The website of Paythrough (paythrough.in) receives about 2.3K visits a month.
- Monthly visits2.3K
▼ 80.9% vs previous month
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Related news about Paythrough
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Frequently Asked Questions about Paythrough
Paythrough was founded in 2013 and raised its 1st funding round 7 years after it was founded.
Paythrough is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Paythrough is a funded company, having raised a total of $204.87K across 2 funding rounds to date. The company's 1st funding round was a Seed of $105.99K, raised on Mar 2020.
Paythrough has 25 employees.
The primary company behind Paythrough, Paythrough Softwares And Solutions Private Limited, reported revenue of ₹3.89 Cr for FY 2024, up 178% year on year.
Paythrough was founded in 2013 in Pune, India, operating as a banking correspondent in the financial services sector. Services including deposits, withdrawals, and money transfers are provided via a network of authorized retail points. Correspondence is extended to SBI, RBL Bank, and Bank of India as of January 2017, enabling account access for users across these institutions.
Paythrough has 6 investors. Key investors include Maitreya Capital, M D Zakir Khan, Mohd Wajid Khan, Vijay Anant Puranik, and Sudip Chatterjee.
The valuation of Paythrough is $406.67K as of Mar 2022.
Paythrough operates through Paythrough Softwares And Solutions Private Limited.
Yes. Paythrough was acquired by Maitreya Capital in September 2022.
The legal entities of Paythrough currently have 4 directors, including Joydeep Chatterjee, Mohammad Zakir Khan, Sudip Chatterjee and others.