About Setu
Setu is a company based in Bengaluru (India) founded in 2018 by Nikhil Kumar and Sahil Kini. It operates as a API-as-a-Product, Pay-per-Use / Usage-Based, and FinTech. Setu has raised $18.5 million across 2 funding rounds from investors including Lightspeed Venture Partners, Bharat Fund and Lightspeed India. Setu offers products and services including Setu KYC, Setu UPI, Setu BBPS, Setu Account Aggregator Gateway, and Setu eSign Gateway. Setu operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Perfios, among others.
- Headquarter Bengaluru, India
- Founders Nikhil Kumar, Sahil Kini
- 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 Brokentusk Technologies Pvt. Ltd
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$2.11 M (USD)6.69as on Mar 31, 2023
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Net Profit
-$7.46 M (USD)-117.98as on Mar 31, 2023
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EBITDA
-$7.7 M (USD)-96.39as on Mar 31, 2023
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Total Equity Funding
$18.5 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Series A
Apr 14, 2020
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Investors
Lightspeed Venture Partners
& 5 more
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Employee Count
Not available
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Products & Services of Setu
Setu offers a comprehensive portfolio of products and services, including Setu KYC, Setu UPI, Setu BBPS, Setu Account Aggregator Gateway, and Setu eSign Gateway.
Identity verification for individuals and businesses is provided.
Seamless UPI payment solutions are offered for transactions.
Bill payment services are facilitated through digital platforms.
Financial data access with consent is enabled for users.
Electronic signing with Aadhaar verification is made enforceable.
People of Setu
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Funding Insights of Setu
Setu has successfully raised a total of $18.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in April 2020. 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 Setu
Setu has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Lightspeed Venture Partners, Bharat Fund and Lightspeed India.
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Venture capital firm focused on growth-stage companies
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Funding for IP-driven deep-tech and digitization-led inclusive solutions.
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Investor details for Setu
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Investments & Acquisitions by Setu
Investment portfolio details for Setu
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Financial Statements - Setu
Detailed financials for Setu
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Setu Comparisons
Peer comparison for Setu
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- Named peers
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Competitors of Setu
Setu 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 Perfios, among others.
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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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Provides financial technology solutions for data analysis and verification globally.
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Digital payments and engagement solutions are offered for MSMEs.
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Detailed competitors of Setu
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Latest news on Setu
Complete news archive for Setu
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Frequently Asked Questions about Setu
Setu was founded in 2018.
Setu is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Anand Raisinghani is the current CEO of Setu.
Setu is a funded company, having raised a total of $18.5M across 2 funding rounds to date.
Annual revenue of Setu is $2.11M as on Mar 31, 2023.
Setu is established as a leading fintech platform offering API-based solutions for data verification, payment processing, and financial data aggregation. Services are provided across sectors like lending, insurance, wealth management, and banking. Innovative tools such as KYC verification, UPI payments, BBPS for bill payments, and eSign gateways are developed to enhance digital financial journeys. Partnerships with businesses are fostered to deliver seamless onboarding and payment experiences. Customizable and secure APIs are ensured to meet compliance and industry standards.
Setu offers Setu KYC, Setu UPI, Setu BBPS, Setu Account Aggregator Gateway, and Setu eSign Gateway.
Setu has 6 investors. Key investors include Lightspeed Venture Partners, Bharat Fund, Lightspeed India, Alpha Wave Global, and Alpha Wave Global.
The valuation of Setu is $49.34M as of Apr 2020.