About Paytm Payments Bank
Paytm Payments Bank is a company based in Noida (India) founded in 2017 by Vijay Shekhar Sharma.. Paytm Payments Bank has raised $9.3 million across 1 funding round from investors including One97 Communications. The company has 2,339 employees as of April 19, 2024. Paytm Payments Bank offers products and services including Savings Account, Wallet, Debit Card, and FASTag. Paytm Payments Bank operates in a competitive market with competitors including Revolut, TONIK, Allica Bank, OakNorth Bank and Airtel Payments Bank, among others.
- Headquarter Noida, India
- Employees 2339 as on 19 Apr, 2024
- Founders Vijay Shekhar Sharma
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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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- Legal Name Paytm Payments Bank Limited
- Date of Incorporation 22 Aug, 2016
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$0 (USD)0as on Mar 31, 2023
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EBITDA
$0 (USD)0as on Mar 31, 2023
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Total Equity Funding
$9.3 M (USD)
in 1 rounds
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Latest Funding Round
$9.3 M (USD), Series A
Sep 06, 2017
- Investors
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Employee Count
2339
as on Apr 19, 2024
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Products & Services of Paytm Payments Bank
Paytm Payments Bank offers a comprehensive portfolio of products and services, including Savings Account, Wallet, Debit Card, and FASTag. 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.
Digital account with no minimum balance and monthly interest.
Fast digital wallet for transactions and cashbacks.
Card for online purchases and ATM withdrawals.
RFID tag for seamless toll payments.
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Funding Insights of Paytm Payments Bank
Paytm Payments Bank has successfully raised a total of $9.3M through 1 strategic funding round. The most recent funding activity was a Series A round of $9.3 million completed in September 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 Total Funding
- Total Rounds 1
- Last Round Series A — $9.3M
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First Round
First Round
(06 Sep 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Series A - Paytm Payments Bank | Valuation | One97 Communications |
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| 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 Paytm Payments Bank
Paytm Payments Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include One97 Communications. 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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Wallet-based payment solutions are provided for consumers and businesses.
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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 Paytm Payments Bank
| 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 |
Financial Statements - Paytm Payments Bank
| 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 |
Paytm Payments Bank Comparisons
Competitors of Paytm Payments Bank
Paytm Payments Bank 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 Revolut, TONIK, Allica Bank, OakNorth Bank and Airtel Payments Bank, 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 |
Banking solutions are provided for retail customers and businesses.
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| domain | founded_year | HQ Location |
Digital banking solutions for individuals are provided by TONIK.
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| domain | founded_year | HQ Location |
Internet-first banking services are offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Payments Bank
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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 Paytm Payments Bank
Frequently Asked Questions about Paytm Payments Bank
When was Paytm Payments Bank founded?
Paytm Payments Bank was founded in 2017.
Where is Paytm Payments Bank located?
Paytm Payments Bank is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Who is the current CEO of Paytm Payments Bank?
Vijay Shekhar Sharma is the current CEO of Paytm Payments Bank. They have also founded this company.
Is Paytm Payments Bank a funded company?
Paytm Payments Bank is a funded company, having raised a total of $9.3M across 1 funding round to date. The company's 1st funding round was a Series A of $9.3M, raised on Sep 06, 2017.
How many employees does Paytm Payments Bank have?
As of Apr 19, 2024, the latest employee count at Paytm Payments Bank is 2,339.
What does Paytm Payments Bank do?
Paytm Payments Bank was founded in 2017 and is headquartered in Noida, India, within the fintech sector. Savings and current accounts are provided, along with virtual and physical debit cards for purchases, bill payments, and money transfers. Interest-bearing savings options are available, as well as FASTag services and correspondent banking for loans, fixed deposits, and insurance products from partner institutions. Operations focus on digital accessibility across India.
Who are the top competitors of Paytm Payments Bank?
Paytm Payments Bank's top competitors include Revolut, Allica Bank and OakNorth Bank.
What products or services does Paytm Payments Bank offer?
Paytm Payments Bank offers Savings Account, Wallet, Debit Card, and FASTag.
Who are Paytm Payments Bank's investors?
Paytm Payments Bank has 1 investor. Key investors include One97 Communications.
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