About RapiPay
RapiPay is a company based in Delhi (India) founded in 2018 by Yogendra Singh Kashyap was acquired by Capital India in September 2019. It operates as a FinTech, and SaaS (Software-as-a-Service). RapiPay has raised $24 million across 2 funding rounds from investors including ACME Group, DLF India and Capital India. RapiPay offers products and services including Digital Bank Account, Loans, Investments, and Insurance. RapiPay operates in a competitive market with competitors including Niyo, Freo, Avail Finance, OneBanc Technologies and Fyp Money, among others.
- Headquarter Delhi, India
- Founders Yogendra Singh Kashyap
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Rapipay Fintech Pvt. Ltd.
- Date of Incorporation 05 Feb, 2019
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$24 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Series B
Feb 08, 2022
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Investors
ACME Group
& 22 more
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Employee Count
Employee Count
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Acquired by
Capital India
(Sep 20, 2019)
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Products & Services of RapiPay
RapiPay offers a comprehensive portfolio of products and services, including Digital Bank Account, Loans, Investments, and Insurance. 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.
Digital bank accounts are managed via a single app.
Loans for personal or business needs are provided quickly.
Investment options like FD and stocks are offered digitally.
Insurance for health and vehicles is provided seamlessly online.
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Funding Insights of RapiPay
RapiPay has successfully raised a total of $24M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in February 2022. 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 Total Funding
- Total Rounds 2
- Last Round Series B — $15.0M
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First Round
First Round
(04 Aug 2020)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series B - RapiPay | Valuation | Varun Jaipuria , Rahul Gautam | |
| Aug, 2020 | Amount | Series A - RapiPay | Valuation | DLF India |
| 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 |
Investors in RapiPay
RapiPay has secured backing from 23 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include ACME Group, DLF India and Capital India. 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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Single-family office and venture capital firm focused on startups
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Founded Year | Domain | Location | |
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Real estate development and services are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Multiple sectors are targeted by the private equity firm.
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by RapiPay
| 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 |
Financial Statements - RapiPay
| 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 |
Rapipay Comparisons
Competitors of RapiPay
RapiPay 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, OneBanc Technologies and Fyp Money, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for wealth management
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| domain | founded_year | HQ Location |
Digital banking services are offered to individual users.
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| domain | founded_year | HQ Location |
Neobank for individuals
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| domain | founded_year | HQ Location |
AI-powered online banking solutions are integrated with HR workflows.
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| domain | founded_year | HQ Location |
Digital banking services for teenagers are offered via mobile app.
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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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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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 Rapipay
Frequently Asked Questions about RapiPay
When was RapiPay founded?
RapiPay was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is RapiPay located?
RapiPay is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of RapiPay?
Nipun Jain is the current CEO of RapiPay.
Is RapiPay a funded company?
RapiPay is a funded company, having raised a total of $24M across 2 funding rounds to date. The company's 1st funding round was a Series A of $9M, raised on Aug 04, 2020.
What does RapiPay do?
RapiPay Fintech Pvt. Ltd. is engaged in offering digital banking and financial services through a single app platform. Services such as bank accounts, loans, investments, and insurance are provided to consumers and businesses. Solutions for micro ATMs, domestic money transfers, and cash management are also included. The company operates in the financial technology sector, focusing on accessible and paperless financial solutions across India.
Who are the top competitors of RapiPay?
RapiPay's top competitors include Freo, Niyo and OneBanc Technologies.
What products or services does RapiPay offer?
RapiPay offers Digital Bank Account, Loans, Investments, and Insurance.
Who are RapiPay's investors?
RapiPay has 23 investors. Key investors include ACME Group, DLF India, Capital India, Dabur, and Sheela Group.
What is RapiPay's valuation?
The valuation of RapiPay is $270.31M as of Feb 2022.
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