About SBI Payment Services
SBI Payment Services is a company based in Mumbai (India) founded in 2019. SBI Payment Services has raised $218.26 million across 1 funding round from investors including Hitachi Payment Services. The company has 264 employees as of October 22, 2024. SBI Payment Services operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Mumbai, India
- Employees 264 as on 22 Oct, 2024
- Stage Soonicorn
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Sbi Payment Services Private Limited
- Date of Incorporation 12 Feb, 2010
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$193.46 M (USD)39.24as on Mar 31, 2023
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Net Profit
$19.16 M (USD)11.93as on Mar 31, 2023
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EBITDA
$20.1 M (USD)19.48as on Mar 31, 2023
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Total Equity Funding
$218.26 M (USD)
in 1 rounds
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Latest Funding Round
$218.26 M (USD), Series D
Jan 19, 2019
- Investors
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Employee Count
264
as on Oct 22, 2024
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People of SBI Payment Services
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Funding Insights of SBI Payment Services
SBI Payment Services has successfully raised a total of $218.26M through 1 strategic funding round. The most recent funding activity was a Series D round of $218.26 million completed in January 2019. 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 SBI Payment Services
SBI Payment Services has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Hitachi Payment Services.
| Investor | Description | Founded Year | Domain | Location |
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POS payment processing and white-label ATM solutions are provided.
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Investor details for SBI Payment Services
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Investments & Acquisitions by SBI Payment Services
Investment portfolio details for SBI Payment Services
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Financial Statements - SBI Payment Services
Detailed financials for SBI Payment Services
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Sbi Payment Services Comparisons
Peer comparison for SBI Payment Services
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Competitors of SBI Payment Services
SBI Payment Services 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 Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment processing and card issuance solutions are provided for businesses.
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Payment and business banking solutions are provided for enterprises.
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Provider of payment processing solutions for businesses
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Online payment processing and credit solutions are provided for businesses.
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Digital payments and engagement solutions are offered for MSMEs.
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Digital payments are processed and managed via specialized solutions.
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Detailed competitors of SBI Payment Services
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Latest news on Sbi Payment Services
Complete news archive for SBI Payment Services
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Frequently Asked Questions about SBI Payment Services
SBI Payment Services was founded in 2019.
SBI Payment Services is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Girikumar M Nair is the current CEO of SBI Payment Services.
SBI Payment Services is a funded company, having raised a total of $218.26M across 1 funding round to date.
As of Oct 22, 2024, the latest employee count at SBI Payment Services is 264.
Annual revenue of SBI Payment Services is $193.46M as on Mar 31, 2023.
SBI Payment Services was established in 2019 and is headquartered in Mumbai, India. Operations focus on the fintech sector, where payment processing solutions are provided to merchants and businesses. Services include POS terminals, QR-based payment options, NFC-enabled systems, and toll-based payments. Transactions are supported via credit and debit cards, digital wallets, and additional methods.
SBI Payment Services has 1 investor. Key investors include Hitachi Payment Services.
The valuation of SBI Payment Services is $838.11M as of Jan 2019.