About PayWell
PayWell is a company based in Dhaka (Bangladesh) founded in 2012. PayWell has raised $2 million across 1 funding round from investors including Aavishkaar Capital. PayWell offers products and services including Mobile Recharge, Electricity Bill Payment, Water Bill Payment, Gas Bill Payment, and Ticket Booking. PayWell operates in a competitive market with competitors including SureCash, Billing Wave, TopUp and Binzo Shop, among others.
- Headquarter Dhaka, Bangladesh
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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 Cloudwell Digital Services Limited
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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
$2 M (USD)
in 1 rounds
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Latest Funding Round
$2 M (USD), Seed
May 25, 2016
- Investors
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Employee Count
Not available
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Products & Services of PayWell
PayWell offers a comprehensive portfolio of products and services, including Mobile Recharge, Electricity Bill Payment, Water Bill Payment, Gas Bill Payment, and Ticket Booking.
Enables mobile phone recharges through retail outlets
Facilitates payment of electricity bills at designated points
Allows payment of water bills via agents
Supports payment of gas bills at outlets
Handles booking of flights and buses through the platform
Funding Insights of PayWell
PayWell has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in May 2016. 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 PayWell
PayWell has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Aavishkaar Capital.
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Venture capital firm
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Investor details for PayWell
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Investments & Acquisitions by PayWell
Investment portfolio details for PayWell
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Financial Statements - PayWell
Detailed financials for PayWell
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Paywell Comparisons
Peer comparison for PayWell
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Competitors of PayWell
PayWell 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 SureCash, Billing Wave, TopUp and Binzo Shop, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Mobile financial transactions including transfers and payments are facilitated.
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Upcoming billing service offering email updates for users.
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A mobile application for convenient consumer recharge services.
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Provides comprehensive bill payment solutions tailored for consumers.
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Detailed competitors of PayWell
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Latest news on Paywell
Complete news archive for PayWell
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Frequently Asked Questions about PayWell
PayWell was founded in 2012 and raised its 1st funding round 4 years after it was founded.
PayWell is headquartered in Dhaka, Bangladesh.
Anisul Islam is the current CEO of PayWell.
PayWell is a funded company, having raised a total of $2M across 1 funding round to date.
PayWell was established in 2012 in Dhaka, Bangladesh, as a platform in the fintech sector focused on bill payments. Services such as mobile recharges, electricity, water, gas, internet, DTH bills, travel tickets, and e-commerce transactions are supported. Access is provided through POS terminals, an Android app, and a web portal for consumer use in the region.
PayWell's top competitors include SureCash, Billing Wave and TopUp.
PayWell offers Mobile Recharge, Electricity Bill Payment, Water Bill Payment, Gas Bill Payment, and Ticket Booking.
PayWell has 1 investor. Key investors include Aavishkaar Capital.