About PayZello
PayZello is a company based in Hyderabad (India) founded in 2017 by Udit Prasad Mishra. PayZello has raised $116.79 thousand across 2 funding rounds from investors including Axilor Ventures, Iii Consulting and Anand Nagloor. PayZello operates in a competitive market with competitors including Niyo, Freo, Avail Finance, RapiPay and OneBanc Technologies, among others.
- Headquarter Hyderabad, India
- Founders Udit Prasad Mishra
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
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Social
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- Legal Name Instafund Internet Private Limited
- Date of Incorporation 31 May, 2016
- Jurisdiction Odisha, Orissa, India
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Annual Revenue
$34.38 (USD)-55.69as on Mar 31, 2019
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Net Profit
-$12.92 K (USD)-11.65as on Mar 31, 2019
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EBITDA
-$11.64 K (USD)-20.65as on Mar 31, 2019
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Total Equity Funding
$116.79 K (USD)
in 2 rounds
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Latest Funding Round
Not available
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Investors
Axilor Ventures
& 2 more
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Employee Count
Not available
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Funding Insights of PayZello
PayZello has successfully raised a total of $116.79K across 2 strategic funding rounds. 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 PayZello
PayZello has secured backing from 3 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Axilor Ventures, Iii Consulting and Anand Nagloor.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in early-stage startups in technology sectors.
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Consulting and capital support provider
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Anand Nagloor |
Angel investor and tech entrepreneur with focus on early-stage startups.
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Investor details for PayZello
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Investments & Acquisitions by PayZello
Investment portfolio details for PayZello
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Financial Statements - PayZello
Detailed financials for PayZello
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Payzello Comparisons
Peer comparison for PayZello
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Competitors of PayZello
PayZello 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 Niyo, Freo, Avail Finance, RapiPay and OneBanc Technologies, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online platform for wealth management
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Digital banking services are offered to individual users.
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Neobank for individuals
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Agent-based payment solutions for businesses are provided.
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AI-powered online banking solutions are integrated with HR workflows.
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Detailed competitors of PayZello
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Latest news on Payzello
Complete news archive for PayZello
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Frequently Asked Questions about PayZello
PayZello was founded in 2017.
PayZello is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
PayZello is a funded company, having raised a total of $116.79K across 2 funding rounds to date.
Annual revenue of PayZello is $34.38 as on Mar 31, 2019.
PayZello was founded in 2017 in Hyderabad, India, as a fintech provider in the banking sector. Bank accounts are opened via mobile in under three minutes, while credit and loans are extended without CIBIL verification. Physical and virtual payment cards are issued through DCB Bank and the Rupay network. The app supports Bharat QR payments, bill settlements, money transfers, expense sharing, and bill tracking across India.
PayZello's top competitors include Freo, Niyo and OneBanc Technologies.
PayZello has 3 investors. Key investors include Axilor Ventures, Iii Consulting, and Anand Nagloor.
The valuation of PayZello is $480K as of Aug 2017.