About Prizm Payment Services
Prizm Payment Services is a Financial Services company based in Chennai (India) founded in 2008 by Shyam Sunder, and was acquired by Hitachi in November 2013. ATM, POS, and card services are provided to financial institutions. Prizm Payment Services has raised $15 million across 2 funding rounds from investors including Hitachi and Sequoia Capital. The company has 1,441 employees. Its Indian entity Hitachi Payment Services Private Limited reported revenue of ₹3,216 Cr. Its focus areas include Service Providers to Banks, White Label ATMs and ATM Services.
Company details
Prizm Payment Services was established in 2008 and is headquartered in Chennai, India. Focus is placed on the financial sector, with ATM, POS, and card services delivered to banks and related industries. Operations encompass payment processing and infrastructure support for transactions. Coverage extends to regional financial needs, ensuring reliable service integration for clients.
- Headquarters Chennai, India
- Employees 1,441
- Founders Shyam Sunder
- Stage Acquired
- SectorsFinancial Services
- Website prizmpayments.com
- Acquired by Hitachi (Nov 2013)
- Legal Name Hitachi Payment Services Private Limited
- Date of Incorporation 12 Sep, 2005
- Jurisdiction Kanchipuram, Tamil Nadu, India
Associated legal entities of Prizm Payment Services
Prizm Payment Services operates through Hitachi Payment Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hitachi Payment Services Private Limited CIN U72100TN2005PTC057463 | Active | 12 Sep 2005 | Chennai, Tamil Nadu | ₹3,216 Cr | 1,441 | 7 | View details |
Funding Insights of Prizm Payment Services
Prizm Payment Services has successfully raised a total of $15M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $8 million completed in August 2011. 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 $15M
- Total Rounds 2
- Last Round Series B — $8M
- First Round $7M
(Jun 2008)
- Investors Count 1
All 2 funding rounds of Prizm Payment Services 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 |
|---|---|---|---|---|---|
| Aug 2011 | $8M | Series B | – | – | |
| Jun 2008 | $7M | Series A | – | Sequoia Capital | – |
2 investors in total: 2 institutional.
Investors in Prizm Payment Services
Prizm Payment Services has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Hitachi and Sequoia Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Consumer electronics and industrial machinery are produced by Hitachi. | 1910 | hitachi.com | Chiyoda City, Japan |
Investor details for Prizm Payment Services
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Board of directors of Hitachi Payment Services Private Limited (Prizm Payment Services)
Hitachi Payment Services Private Limited is the primary company behind Prizm Payment Services. The board of Hitachi Payment Services Private Limited currently have 7 directors; the longest-serving is Shyam Sunder Chandrasekharan, appointed in 2008. 29 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shyam Sunder Chandrasekharan DIN 00003613 | Director | 17 Apr 2008 | 18 yrs 6 mo | Hitachi Payment Services Private Limited |
| Loney Antony DIN 00003297 | Director | 17 Apr 2008 | 18 yrs 6 mo | Hitachi Payment Services Private Limited |
| Tetsuya Yagi DIN 06826718 | Director | 20 Mar 2014 | 12 yrs 7 mo | Hitachi Payment Services Private Limited |
| Sumil Chandrakant Vikamsey DIN 08323257 | Managing Director | 01 Apr 2023 | 3 yrs 6 mo | Hitachi Payment Services Private Limited |
| Shigeo Yuyama DIN 09598306 | Director | 11 Apr 2023 | 3 yrs 6 mo | Hitachi Payment Services Private Limited |
| Masakazu Abe DIN 10803849 | Director | 13 Dec 2024 | 1 yr 10 mo | Hitachi Payment Services Private Limited |
| Tetsuya Nakamura DIN 11056299 | Additional Director | 17 Apr 2025 | 1 yr 6 mo | Hitachi Payment Services Private Limited |
People of Prizm Payment Services
358 people are tracked at Prizm Payment Services (150 in leadership, 208 in team); the tracked headcount is 1,441.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Masahiko Hasegawa | SVP, Executive Officer & CMO | Leadership |
Toshiaki Higashihara | President & CEO | Leadership |
Bernard Gilligan | Senior Director | Leadership |
Jun Abe | SVP, Executive Officer, CEO, Services & Platforms Business Unit | Leadership |
Lorena Dellagiovanna | VP & Executive Officer, CDIO, Deputy Chief Environmental Officer | Leadership |
Anne Martin | Head Of Talent Management | Leadership |
Toby Hand | Talent Partner - Hitachi (via Join Talent) | Leadership |
Kalyan Devaraju | Chief Risk Management Officer- Hitachi Connective Industries | Leadership |
Howard Shearer | Chief Executive, Canada | Leadership |
Manuel Valverde | Deputy Chief Risk Management Officer (crmo) | Leadership |
Divya D.j | Regional HR Leader (vp) - Asia Pacific / Services Business / Hitachi Energy | Leadership |
Jun Taniguchi | VP, Executive Officer & COO, Services & Platforms Business Unit | Leadership |
Hideshi Nakatsu | VP & Executive Officer, CEO, Water & Environment Business Unit | Leadership |
Mauro Bonaso | General Manager | Leadership |
Paresh Thacker | Chief Strategy & Transformation Officer - Global HR | Leadership |
Durgesh Patel | Vice President, Strategy And Operations, Global AI COE | Leadership |
Justin Hopson | Director Solution Engineering, Environment Business Division Americas | Leadership |
Anna Christina Maudet | Head Of Bid Management | Leadership |
Yasunori Inada | VP & Executive Officer, CEO of Nuclear Energy Business Unit | Leadership |
338 more people are available in the full profile.
Complete people profiles for Prizm Payment Services
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Financials of Prizm Payment Services
Figures of Hitachi Payment Services Private Limited, the primary company behind Prizm Payment Services, for FY 2025. Revenue was ₹3,216 Cr (+20% year on year). Net profit was ₹165 Cr (5% margin). EBITDA was ₹951 Cr (30% margin). Revenue has grown at a compounded annual rate of +17% over three years and +12% over five years.
- ₹3,216 CrRevenue · FY 2025 · +20% YoY
- ₹165 CrNet profit · 5% margin
- ₹951 CrEBITDA · 30% margin
- ₹7.92 CrPaid-up capital
- 1,441Employees (provident fund records)
- +17%Revenue CAGR, 3 years
- +12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hitachi Payment Services Private Limited are on its company page.
Detailed financial statements for Prizm Payment Services
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Prizm Payment Services
4 dated milestones of Prizm Payment Services across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Prizm Payment Services is founded.
- Funding First funding round of $7.0M.
- Funding Latest funding round, Series B, of $8.0M.
- Exit Acquired by Hitachi.
Web traffic of Prizm Payment Services
Websites that share an audience with Prizm Payment Services (prizmpayments.com).
Websites whose visitors overlap most with Prizm Payment Services. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| yourstory.com | 100% | 1.5M | #54,410 | View details | |
investing.businessweek.com | investing.businessweek.com | 96% | – | ||
apnaatmsite.com | apnaatmsite.com | 72% | – |
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Related news about Prizm Payment Services
Complete news archive for Prizm Payment Services
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Frequently Asked Questions about Prizm Payment Services
Prizm Payment Services was founded in 2008.
Prizm Payment Services is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Prizm Payment Services is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Jun 2008.
Prizm Payment Services has 1,441 employees.
The primary company behind Prizm Payment Services, Hitachi Payment Services Private Limited, reported revenue of ₹3,216 Cr for FY 2025, up 20% year on year.
Prizm Payment Services was established in 2008 and is headquartered in Chennai, India. Focus is placed on the financial sector, with ATM, POS, and card services delivered to banks and related industries. Operations encompass payment processing and infrastructure support for transactions. Coverage extends to regional financial needs, ensuring reliable service integration for clients.
Prizm Payment Services has 2 investors. Key investors include Hitachi, and Sequoia Capital.
Prizm Payment Services operates through Hitachi Payment Services Private Limited.
Yes. Prizm Payment Services was acquired by Hitachi in November 2013.
The legal entities of Prizm Payment Services currently have 7 directors, including Shigeo Yuyama, Sumil Chandrakant Vikamsey, Tetsuya Yagi and others.