About Safepay
Safepay is a company based in Karachi (Pakistan) founded in 2017 by Raza Naqvi, Dillon Shokar, and Ziyad Parekh.. Safepay has raised $150 thousand across 2 funding rounds from investors including Stripe, Global Founders Capital and Soma Capital. Safepay offers products and services including Payments, Subscriptions, Payment Links, Checkout, and Payment Orchestration. Safepay operates in a competitive market with competitors including Flutterwave, PayU, CyberSource, Wirecard and Finja, among others.
- Headquarter Karachi, Pakistan
- Founders Raza Naqvi, Dillon Shokar, Ziyad Parekh
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$150 K (USD)
in 2 rounds
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Latest Funding Round
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Investors
Stripe
& 6 more
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Employee Count
Employee Count
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Products & Services of Safepay
Safepay offers a comprehensive portfolio of products and services, including Payments, Subscriptions, Payment Links, Checkout, and Payment Orchestration. 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.
Accept payments on websites and in-app for global transactions
Manage recurring payments for services and memberships
Create custom invoices and share links for easy collections
Offer one-click checkout forms for streamlined transactions
Route payments to providers with custom rules
Customize payment experiences with advanced components
Tokenize sensitive data for secure transactions
Funding Insights of Safepay
Safepay has successfully raised a total of $150K across 2 strategic funding rounds. 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 Last Round
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First Round
First Round
(26 Aug 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Seed - Safepay | Valuation | Stripe , Global Founders Capital |
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| Aug, 2020 | Amount | Seed - Safepay | Valuation | Y Combinator |
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| 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 Safepay
Safepay has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Stripe, Global Founders Capital and Soma Capital. 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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Venture capital firm focused on early-stage startups
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Founded Year | Domain | Location | |
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Early-stage investments are provided by Soma Capital to startups.
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech, healthcare, logistics, enterprise tech, AI, ed tech, and multiple sectors
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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 Safepay
| 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 - Safepay
| 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 |
Safepay Comparisons
Competitors of Safepay
Safepay 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 Flutterwave, PayU, CyberSource, Wirecard and Finja, 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 |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Global e-commerce payment processing and security services are managed.
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| domain | founded_year | HQ Location |
Payment processing solutions are provided for businesses and merchants.
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| domain | founded_year | HQ Location |
Financial services are provided for MSMEs, investors, and businesses.
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| domain | founded_year | HQ Location |
Provides payment processing, customizable stores, and marketplace for digital goods.
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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 Safepay
Frequently Asked Questions about Safepay
When was Safepay founded?
Safepay was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Safepay located?
Safepay is headquartered in Karachi, Pakistan. It is registered at Karachi, Sindh, Pakistan.
Is Safepay a funded company?
Safepay is a funded company, having raised a total of $150K across 2 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Aug 26, 2020.
What does Safepay do?
Founded in 2017 in Karachi, Pakistan, Safepay operates as an online payment platform within the fintech sector. Payments from clients are controlled, managed, and tracked by businesses through the service. Local and international payments are accepted to support various verticals, including freelancers, entrepreneurs, and non-profit organizations. Operations focus on enabling secure transaction handling across multiple business types.
Who are the top competitors of Safepay?
Safepay's top competitors include PayU, Flutterwave and CyberSource.
What products or services does Safepay offer?
Safepay offers Payments, Subscriptions, Payment Links, Checkout, and 3 more products and services.
Who are Safepay's investors?
Safepay has 7 investors. Key investors include Stripe, Global Founders Capital, Soma Capital, Mantis VC, and Fatima Gobi Ventures.