About PicPay
PicPay is a company based in Vila Velha (Brazil) founded in 2012 was acquired by Unlimint in May 2022.. PicPay has completed 2 acquisitions, including Guiabolso and bxblue. PicPay offers products and services including PicPay Card, PicPay Account, and Empréstimos. PicPay operates in a competitive market with competitors including MoneyGram, NG.CASH, RecargaPay, QIWI and CarePay, among others.
- Headquarter Vila Velha, Brazil
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Picpay Instituicao De Pagamento S/A
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Products & Services of PicPay
PicPay offers a comprehensive portfolio of products and services, including PicPay Card, PicPay Account, and Empréstimos. 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.
Offers cashback and no annual fee for purchases.
Free account for payments and banking management.
Provides secure loans with transparent terms.
Funding Insights of PicPay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 PicPay
PicPay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Unlimint. 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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Provides credit card processing and online payment solutions for businesses.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by PicPay
PicPay has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Guiabolso and bxblue. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Online marketplace and comparison platform for payroll deductible loans
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2017 | ||||
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Automated app for personal finance management syncs with banks.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PicPay
| 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 |
Picpay Comparisons
Competitors of PicPay
PicPay 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 MoneyGram, NG.CASH, RecargaPay, QIWI and CarePay, 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 |
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| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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A digital banking platform is operated for the new generation.
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| domain | founded_year | HQ Location |
Mobile wallet services for recharges and payments are provided.
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| domain | founded_year | HQ Location |
Consumer payments are enabled via a card-linked wallet app.
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Provider of a health insurance platform for global insurers
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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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On-demand services are booked through an app-based platform.
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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 Picpay
Frequently Asked Questions about PicPay
When was PicPay founded?
PicPay was founded in 2012.
Where is PicPay located?
PicPay is headquartered in Vila Velha, Brazil. It is registered at Vila Velha, Espirito Santo, Brazil.
What does PicPay do?
Wallet-enabled payment solution for individuals and businesses. Offers payments through QR code scanning on the users smartphone or tablet, save credit card data, advertisers can insert codes in their online and offline campaigns which readers decode through the camera, pay by scanning the unique QR code of the product they intend to buy, pay bills in installments, and more.
Who are the top competitors of PicPay?
PicPay's top competitors include NG.CASH, MoneyGram and RecargaPay.
What products or services does PicPay offer?
PicPay offers PicPay Card, PicPay Account, and Empréstimos.
How many acquisitions has PicPay made?
Who are PicPay's investors?
PicPay has 1 investor. Key investors include Unlimint.
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