About Pipay
Pipay is a Financial Services company based in Mumbai (India) founded in 2022. It delivers comprehensive payment solutions designed for businesses. It operates on a B2B model. Pipay has raised $86.05 thousand across 1 funding round. Its Indian entity Pisquared Payments Private Limited reported revenue of ₹14.5 Lakh. Its focus areas include Payments, Payment Processing and Business Solutions. Its competitors include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed competitors have raised funding.
Company details
Pipay operates with a B2B model, focusing on offering financial products and advice, facilitating payment transactions, processing payments securely, and business solutions. Delivers comprehensive payment solutions designed for businesses. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Mumbai, India
- SectorsFinancial Services
- Website pipayments.in
- Legal Name Pisquared Payments Private Limited
- Date of Incorporation 11 Nov, 2022
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹14.5 Lakh
FY 2024
- Net Loss-₹2.30 Cr
FY 2024 · -1587% margin
- EBITDA-₹2.22 Cr
FY 2024 · -1532% margin
- Total Equity Funding$86.05K (USD)
in 1 rounds
- Latest Funding Round$86.05K (USD), Seed
Apr 2024
Associated legal entities of Pipay
Pipay operates through Pisquared Payments Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pisquared Payments Private Limited CIN U72900MH2022PTC393314 | Active | 11 Nov 2022 | Mumbai, Maharashtra | ₹0.1 Cr | 18 | 2 | View details |
Funding Insights of Pipay
Pipay has successfully raised a total of $86.05K through 1 strategic funding round. The most recent funding activity was a Seed round of $86.05 thousand completed in April 2024. 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 $86,050
- Total Rounds 1
- Last Round Seed — $86,050
- First Round $86,050
(Apr 2024)
All 1 funding rounds of Pipay 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 |
|---|---|---|---|---|---|
| Apr 2024 | $86,050 | Seed | – | – | – |
Board of directors of Pisquared Payments Private Limited (Pipay)
Pisquared Payments Private Limited is the primary company behind Pipay. The board of Pisquared Payments Private Limited currently have 2 directors; the longest-serving is Venkatesh Padhmanabha Iyer, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Venkatesh Padhmanabha Iyer DIN 02026505 | Director | 11 Nov 2022 | 3 yrs 11 mo | Pisquared Payments Private Limited |
| Satish Vashdev Goriani DIN 07865269 | Director | 11 Nov 2022 | 3 yrs 11 mo | Pisquared Payments Private Limited |
Financials of Pipay
Figures of Pisquared Payments Private Limited, the primary company behind Pipay, for FY 2024. Revenue was ₹14.5 Lakh. Net loss was -₹2.30 Cr (-1587% margin). EBITDA was -₹2.22 Cr (-1532% margin).
- ₹14.5 LakhRevenue · FY 2024
- -₹2.30 CrNet loss · -1587% margin
- -₹2.22 CrEBITDA · -1532% margin
- ₹1.1 LakhPaid-up capital
- 18Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Pisquared Payments Private Limited are on its company page.
Detailed financial statements for Pipay
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 Pipay
2 dated milestones of Pipay across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Pipay is founded.
- Funding First funding round of $86K.
Competitors of Pipay
Pipay 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 Pipay
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 Pipay
The website of Pipay (pipayments.in) receives about 1.1K visits a month.
- Monthly visits1.1K
▼ 9.7% vs previous month
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Pipay (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Frequently Asked Questions about Pipay
Pipay was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Pipay is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Pipay is a funded company, having raised a total of $86.05K across 1 funding round to date. The company's 1st funding round was a Seed of $86.05K, raised on Apr 2024.
The primary company behind Pipay, Pisquared Payments Private Limited, reported revenue of ₹14.5 Lakh for FY 2024.
Pipay operates with a B2B model, focusing on offering financial products and advice, facilitating payment transactions, processing payments securely, and business solutions. Delivers comprehensive payment solutions designed for businesses. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Pipay operates through Pisquared Payments Private Limited.
The legal entities of Pipay currently have 2 directors, including Venkatesh Padhmanabha Iyer, Satish Vashdev Goriani.