About Safaa Wallet
Safaa Wallet is a Financial Services company based in Theni Allinagaram (India) founded in 2013 by A Bilal. It offers agent-based payment solutions for efficient transactions. It operates on a B2B model. Its chief executive, as recorded, is A Bilal. Its Indian entity Safaa Multi Tech Private Limited reported revenue of ₹2.08 Cr. Its focus areas include Fintech, Payments, Agent-based and Solutions. Its competitors include Dvara KGFS, Kaleidofin and Spice Money; 3 of its 3 listed competitors have raised funding.
Company details
Safaa Wallet, based in Theni Allinagaram, focuses on fintech, facilitating payment transactions, agent-based, and solutions. Offers agent-based payment solutions for efficient transactions. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Theni Allinagaram, India
- Founders A Bilal
- SectorsFinancial Services
- Website safaawallet.com
- Legal Name Safaa Multi Tech Private Limited
- Date of Incorporation 30 Oct, 2018
- Jurisdiction Theni, Tamil Nadu, India
- Annual Revenue₹2.08 Cr
FY 2022 · +47% YoY
- Net Profit₹31,958
FY 2022 · 0% margin
- EBITDA-₹6.1 Lakh
FY 2022 · -3% margin
Associated legal entities of Safaa Wallet
Safaa Wallet operates through Safaa Multi Tech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Safaa Multi Tech Private Limited CIN U74999TN2018PTC125541 | Active | 30 Oct 2018 | Theni, Tamil Nadu | ₹2.1 Cr | 2 | View details |
Board of directors of Safaa Multi Tech Private Limited (Safaa Wallet)
Safaa Multi Tech Private Limited is the primary company behind Safaa Wallet. The board of Safaa Multi Tech Private Limited currently have 2 directors; the longest-serving is Thilsath Fenazir Shahulhameed, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Thilsath Fenazir Shahulhameed DIN 08269534 | Director | 30 Oct 2018 | 8 yrs | Safaa Multi Tech Private Limited |
| Abubacker Bilal DIN 08269533 | Director | 30 Oct 2018 | 8 yrs | Safaa Multi Tech Private Limited |
People of Safaa Wallet
1 people are tracked at Safaa Wallet (1 in leadership).
| Name | Role | Group |
|---|---|---|
A Bilal | Founder, CEO | Leadership |
Complete people profiles for Safaa Wallet
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- Full employee list
- Team structure
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Financials of Safaa Wallet
Figures of Safaa Multi Tech Private Limited, the primary company behind Safaa Wallet, for FY 2022. Revenue was ₹2.08 Cr (+47% year on year). Net profit was ₹31,958 (0% margin). EBITDA was -₹6.1 Lakh (-3% margin).
- ₹2.08 CrRevenue · FY 2022 · +47% YoY
- ₹31,958Net profit · 0% margin
- -₹6.1 LakhEBITDA · -3% margin
- ₹5 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Safaa Multi Tech Private Limited are on its company page.
Detailed financial statements for Safaa Wallet
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
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Competitors of Safaa Wallet
Safaa Wallet has 3 listed competitors in our database, 3 of them funded. They include Dvara KGFS, Kaleidofin and Spice Money.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dvarakgfs.com | 2008 | Chennai, India | $43.71M | 4,134 | Loans for consumers and SMEs are provided alongside financial services. | |
| kaleidofin.com | 2017 | Chennai, India | $47.39M | 141 | Provider of financial technology solutions for inclusive lending | |
| spicemoney.com | 2000 | Noida, India | $15.42M | 1,164 | Digital payment and banking service provider in rural areas |
Detailed competitors of Safaa Wallet
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Travel Fintech
3 companies that operate in the same segment as Safaa Wallet (Travel Fintech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payment services via UPI, cards, and wallets. | 2019 | Bengaluru, Karnataka, India | USD 4.26 M | 128 | ||
Provides an app-based platform for group expense sharing and bill splitting. | 2015 | Bengaluru, Karnataka, India | USD 2.47 M | 177 | ||
Offers agent-based solutions for secure payment processing. | 2015 | Ludhiana, Punjab, India |
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Frequently Asked Questions about Safaa Wallet
Safaa Wallet was founded in 2013.
Safaa Wallet is headquartered in Theni Allinagaram, India. It is registered at Theni Allinagaram, Tamil Nadu, India.
A Bilal is the CEO of Safaa Wallet, as recorded in our data. They have also founded this company.
The primary company behind Safaa Wallet, Safaa Multi Tech Private Limited, reported revenue of ₹2.08 Cr for FY 2022, up 47% year on year.
Safaa Wallet, based in Theni Allinagaram, focuses on fintech, facilitating payment transactions, agent-based, and solutions. Offers agent-based payment solutions for efficient transactions. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Safaa Wallet's top competitors include Spice Money, Kaleidofin and Dvara KGFS.
Safaa Wallet operates through Safaa Multi Tech Private Limited.
The legal entities of Safaa Wallet currently have 2 directors, including Thilsath Fenazir Shahulhameed, Abubacker Bilal.