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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
People of RapiPay
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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.
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.
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Real estate development and services are provided across multiple sectors.
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Multiple sectors are targeted by the private equity firm.
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Investor details for RapiPay
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Investments & Acquisitions by RapiPay
Investment portfolio details for RapiPay
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Financial Statements - RapiPay
Detailed financials for RapiPay
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Rapipay Comparisons
Peer comparison for RapiPay
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online platform for wealth management
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Digital banking services are offered to individual users.
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Neobank for individuals
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AI-powered online banking solutions are integrated with HR workflows.
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Digital banking services for teenagers are offered via mobile app.
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Detailed competitors of RapiPay
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Latest news on Rapipay
Complete news archive for RapiPay
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Frequently Asked Questions about RapiPay
RapiPay was founded in 2018 and raised its 1st funding round 2 years after it was founded.
RapiPay is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Nipun Jain is the current CEO of RapiPay.
RapiPay is a funded company, having raised a total of $24M across 2 funding rounds to date.
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.
RapiPay's top competitors include Freo, Niyo and OneBanc Technologies.
RapiPay offers Digital Bank Account, Loans, Investments, and Insurance.
RapiPay has 23 investors. Key investors include ACME Group, DLF India, Capital India, Dabur, and Sheela Group.
The valuation of RapiPay is $270.31M as of Feb 2022.