About Pazy
Pazy is a Technology company based in Bengaluru (India) founded in 2023 by Devyanshu Shukla and Pratik Chhajed. Accounts payables management software is provided for businesses. It operates in the Technology and Financial Services sectors. Pazy has raised $697.54 thousand across 1 funding round from investors including Gemba Capital and Inuka Capital. Its website pazy.io draws about 15 thousand monthly visits. Pazy offers products and services including Accounts Payable, Vendor Management, Connected Banking, Input Tax Credit Management, and UPI For Business. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its legal entity in India is DecentGrad Technologies Private Limited (U47413KA2023PTC175427). Its competitors include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed competitors have raised funding.
Company details
Pazy was founded in 2023 in Bengaluru, India, as a provider of accounts payables management software. Solutions are offered for business accounts, payment processing, currency exchange, tracking, automation, financial reporting, and analytics. Vendor management and tax handling features are also included. Operations focus on the fintech sector, supporting businesses with streamlined financial workflows in the Indian market and beyond.
- Headquarters Bengaluru, India
- Founders Devyanshu Shukla, Pratik Chhajed
- SectorsTechnologyFinancial Services
- Email••••••••
- Website pazy.io
- Social LinkedIn X
- Legal Name Decentgrad Technologies Private Limited
- Date of Incorporation 30 Jun, 2023
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹3,788
FY 2024
- Net Loss-₹13.6 Lakh
FY 2024 · -35915% margin
- EBITDA-₹13.3 Lakh
FY 2024 · -35021% margin
- Total Equity Funding$697.54K (USD)
in 1 rounds
- Latest Funding Round$697.54K (USD), Seed
Jun 2025
- InvestorsGemba Capital
& 1 more
Associated legal entities of Pazy
Pazy is associated with 2 registered companies on The Company Check; the primary company is Decentgrad Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Decentgrad Technologies Private Limited CIN U62013KA2023PTC175427 | Active | 30 Jun 2023 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details | |
| Decentgrad Technologies Private Limited CIN U47413KA2023PTC175427 | 30 Jun 2023 | Bangalore, Karnataka, India | View details |
Products & Services of Pazy
Pazy offers a comprehensive portfolio of products and services, including Accounts Payable, Vendor Management, Connected Banking, Input Tax Credit Management, and UPI For Business.
Automates invoice processing and approval workflows.
Handles vendor onboarding and payment tracking systems.
Manages multi-bank payments and expense oversight.
Tracks tax credits and ensures compliance reporting.
Facilitates secure UPI-based business transactions.
Apps and channels of Pazy
Pazy publishes 2 mobile apps with over 100 downloads.
Funding Insights of Pazy
Pazy has successfully raised a total of $697.54K through 1 strategic funding round. The most recent funding activity was a Seed round of $697.54 thousand completed in June 2025. 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 $697,542
- Total Rounds 1
- Last Round Seed — $697,542
- First Round $697,542
(Jun 2025)
- Investors Count 2
All 1 funding rounds of Pazy 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 |
|---|---|---|---|---|---|
| Jun 2025 | $697,542 | Seed | – | Inuka Capital |
2 investors in total: 2 institutional.
Investors in Pazy
Pazy has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Gemba Capital and Inuka Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Productivity software for note-taking and collaboration services. | 2023 | inuka.vc | Mumbai, India | |
Venture capital firm backing startups in Fintech and Consumer Tech sectors. | 2017 | gembacapital.in | Bengaluru, India |
Investor details for Pazy
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 Decentgrad Technologies Private Limited (Pazy)
Decentgrad Technologies Private Limited is the primary company behind Pazy. The board of Decentgrad Technologies Private Limited currently have 2 directors; the longest-serving is Devyanshu Shukla, appointed in 2023.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Devyanshu Shukla DIN 10221173 | Director | 30 Jun 2023 | 3 yrs 4 mo | Decentgrad Technologies Private Limited |
| Pratik Chhajed DIN 10221172 | Director | 30 Jun 2023 | 3 yrs 4 mo | Decentgrad Technologies Private Limited |
People of Pazy
4 people are tracked at Pazy (2 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Pallav Kumar Nayak | Consultant | Team |
Ankur Jangir | Founding Product Designer | Team |
Complete people profiles for Pazy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Pazy
Figures of Decentgrad Technologies Private Limited, the primary company behind Pazy, for FY 2024. Revenue was ₹3,788. Net loss was -₹13.6 Lakh (-35915% margin). EBITDA was -₹13.3 Lakh (-35021% margin).
- ₹3,788Revenue · FY 2024
- -₹13.6 LakhNet loss · -35915% margin
- -₹13.3 LakhEBITDA · -35021% margin
- ₹1.4 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Decentgrad Technologies Private Limited are on its company page.
Detailed financial statements for Pazy
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 Pazy
2 dated milestones of Pazy across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Pazy is founded.
- Funding First funding round of $698K.
Competitors of Pazy
Pazy has 3 listed competitors in our database, 3 of them funded. They include Razorpay, Mintoak and Pine Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. |
Detailed competitors of Pazy
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Pazy
The website of Pazy (pazy.io) receives about 15.2K visits a month.
- Monthly visits15.2K
▼ 32.5% vs previous month
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Frequently Asked Questions about Pazy
Pazy was founded in 2023 and raised its 1st funding round 2 years after it was founded.
Pazy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Pazy is a funded company, having raised a total of $697.54K across 1 funding round to date. The company's 1st funding round was a Seed of $697.54K, raised on Jun 2025.
The primary company behind Pazy, Decentgrad Technologies Private Limited, reported revenue of ₹3,788 for FY 2024.
Pazy was founded in 2023 in Bengaluru, India, as a provider of accounts payables management software. Solutions are offered for business accounts, payment processing, currency exchange, tracking, automation, financial reporting, and analytics. Vendor management and tax handling features are also included. Operations focus on the fintech sector, supporting businesses with streamlined financial workflows in the Indian market and beyond.
Pazy offers Accounts Payable, Vendor Management, Connected Banking, Input Tax Credit Management, and UPI For Business.
Pazy has 2 investors. Key investors include Gemba Capital, and Inuka Capital.
Pazy operates through Decentgrad Technologies Private Limited.
The legal entities of Pazy currently have 2 directors, including Devyanshu Shukla, Pratik Chhajed.
Yes. Pazy publishes Pazy and 1 more app, with over 100 downloads.