About RenovITe
RenovITe is a Financial Services company based in Fremont (United States) founded in 2014, and was acquired by JPMorgan Chase in September 2022. Payment processing platforms and services are provided to ecosystem players. The company has 119 employees. RenovITe has completed 1 acquisition, including Q-ATM. Its Indian entity Renovite Payment Solutions Private Limited reported revenue of ₹1.11 Cr. Its focus areas include FinTech, Payments, Enablers and White Label Solutions. Its competitors include Allied Payment, Incedo and Tassat; 2 of its 3 listed competitors have raised funding.
Company details
RenovITe was founded in 2014 in Fremont, United States, and operates in the fintech sector. A payment processing platform is offered to businesses, acquirers, payment service providers, and banks. Principal products include RIPPS for EFT switching and REXA for test automation, both enabling deployment of payment services. Custom payment system design and development services are also provided.
- Headquarters Fremont, United States
- Employees 119
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website renovite.com
- Social LinkedIn
- Acquired by JPMorgan Chase (Sep 2022)
- Legal Name Renovite Payment Solutions Private Limited
- Date of Incorporation 19 Jan, 2015
- Jurisdiction Gurgaon, Haryana, India
- Indian entity revenue₹1.11 Cr
FY 2025 · +117% YoY
- Indian entity net profit₹76.5 Lakh
FY 2025 · 69% margin
- Indian entity EBITDA₹1.05 Cr
FY 2025 · 94% margin
- Investors
- Employee Count119
- Investments & Acquisitions
- Acquired byJPMorgan Chase
(Sep 2022)
Associated legal entities of RenovITe
RenovITe operates through Renovite Payment Solutions 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 |
|---|---|---|---|---|---|---|---|
| Renovite Payment Solutions Private Limited CIN U74999HR2015PTC054340 | Active | 19 Jan 2015 | Gurgaon, Haryana | ₹1.1 Cr | 119 | 3 | View details |
Investors in RenovITe
RenovITe has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include JPMorgan Chase.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial services are provided to consumers and corporations worldwide. | 2000 | jpmorganchase.com | New York, United States |
Investor details for RenovITe
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Board of directors of Renovite Payment Solutions Private Limited (RenovITe)
Renovite Payment Solutions Private Limited is the primary company behind RenovITe. The board of Renovite Payment Solutions Private Limited currently have 3 directors; the longest-serving is Sarita Rani Arora, appointed in 2019. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sarita Rani Arora DIN 08627971 | Director | 03 Dec 2019 | 6 yrs 11 mo | Renovite Payment Solutions Private Limited |
| Sukanya Mishra DIN 07323571 | Director | 19 Dec 2024 | 1 yr 10 mo | Renovite Payment Solutions Private Limited |
| Sanjay Mishra DIN 11243067 | Director | 20 Aug 2025 | 1 yr 2 mo | Renovite Payment Solutions Private Limited |
People of RenovITe
12 people are tracked at RenovITe (1 in leadership, 11 in team); the tracked headcount is 119.
| Name | Role | Group |
|---|---|---|
Atul Monga | Director | Leadership |
Devesh Raj | Software Engineer | Team |
kiran Madhu | Senior Software Engineer | Team |
Tony Bradley | Senior QA & Certification Manager | Team |
Avnish Agrawal | CDO | Team |
Rohit Sharma | Product Testing Manager | Team |
Vivek Yadavayyanamath | Product Support Manager - E2E product support & UAT | Team |
Lalithkumar B | Senior Software Engineer | Team |
Mayank Kaushik | Senior Quality Assurance Automation Engineer | Team |
Santosh Kumar Bhagat | Software Engineer | Team |
saranya panneer | Senior Software Engineer | Team |
Douglas Shanley | Senior Software Engineer | Team |
Complete people profiles for RenovITe
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Financials of RenovITe
Figures of Renovite Payment Solutions Private Limited, the primary company behind RenovITe, for FY 2025. Revenue was ₹1.11 Cr (+117% year on year). Net profit was ₹76.5 Lakh (69% margin). EBITDA was ₹1.05 Cr (94% margin). Revenue has grown at a compounded annual rate of -64% over three years and -43% over five years.
- ₹1.11 CrRevenue · FY 2025 · +117% YoY
- ₹76.5 LakhNet profit · 69% margin
- ₹1.05 CrEBITDA · 94% margin
- ₹1.5 LakhPaid-up capital
- 119Employees (provident fund records)
- -64%Revenue CAGR, 3 years
- -43%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Renovite Payment Solutions Private Limited are on its company page.
Detailed financial statements for RenovITe
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Investments & Acquisitions by RenovITe
RenovITe has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Q-ATM.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Payment consulting services are provided for financial transactions. | q-atmltd.com | Fremont, United States | 2015 | Oct 2017 | •••• |
Complete acquisition details for RenovITe
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Timeline of RenovITe
3 dated milestones of RenovITe across 8 years, from founding to its latest funding, stage changes and deals.
- Founded RenovITe is founded.
- Acquisition Acquires Q-ATM.
- Exit Acquired by JPMorgan Chase.
Competitors of RenovITe
RenovITe has 3 listed competitors in our database, 2 of them funded. They include Allied Payment, Incedo and Tassat.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| alliedpayment.com | 2010 | Fort Wayne, United States | $9.11M | 47 | Payment processing solutions are offered to banks and credit unions. | |
| incedoinc.com | 2011 | Santa Clara, United States | 3,095 | Digital transformation services are provided by Incedo for enterprises. | ||
| tassat.com | 2017 | New York, United States | $78.58M | 46 | Blockchain-based solutions for financial services are provided by Tassat. |
Detailed competitors of RenovITe
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Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as RenovITe (Banking & FinTech Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | 237 |
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Related news about Renovite
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Frequently Asked Questions about RenovITe
RenovITe was founded in 2014.
RenovITe is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
RenovITe has 119 employees.
The primary company behind RenovITe, Renovite Payment Solutions Private Limited, reported revenue of ₹1.11 Cr for FY 2025, up 117% year on year.
RenovITe was founded in 2014 in Fremont, United States, and operates in the fintech sector. A payment processing platform is offered to businesses, acquirers, payment service providers, and banks. Principal products include RIPPS for EFT switching and REXA for test automation, both enabling deployment of payment services. Custom payment system design and development services are also provided.
RenovITe's top competitors include Allied Payment, Tassat and Incedo.
RenovITe has made 1 acquisition, including Q-ATM.
RenovITe has 1 investor. Key investors include JPMorgan Chase.
RenovITe operates through Renovite Payment Solutions Private Limited.
Yes. RenovITe was acquired by JPMorgan Chase in September 2022.
The legal entities of RenovITe currently have 3 directors, including Sarita Rani Arora, Sukanya Mishra, Sanjay Mishra.