About Shelfpay
Shelfpay is a Financial Services company based in Bengaluru (India) founded in 2022 by Paras Rajput and Vedant Kumar. Provider of a platform to manage and control spending. Shelfpay has raised $125 thousand across 1 funding round from investors including Y Combinator. The company has 1 employees. Its Indian entity Shelfpay Private Limited reported revenue of ₹1.29 Cr. Shelfpay offers products and services including Shelf App, Shared Payments Card, and Expense Tracking Feature. Its focus areas include FinTech, Payments, Business Payments and Payment Splitting. Its competitors include Niyo, Freo and Avail Finance; 3 of its 3 listed competitors have raised funding.
Company details
Shelfpay was founded in 2022 in Bengaluru, India, within the fintech sector. A platform is offered for managing and controlling spending, including white-label wallet solutions for banks to serve their customers. Operations encompass banking services, payments processing, expense tracking, bill splitting, and group wallets. These features are designed to reduce the need for manual tracking or reimbursement requests among users.
- Headquarters Bengaluru, India
- Employees 1
- Founders Paras Rajput, Vedant Kumar
- SectorsFinancial Services
- Website shelfpay.in
- Social LinkedIn X Instagram
- Legal Name Shelfpay Private Limited
- Date of Incorporation 22 Jul, 2022
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹1.29 Cr
FY 2025 · -10% YoY
- Net Profit₹14.9 Lakh
FY 2025 · 12% margin
- EBITDA₹27.5 Lakh
FY 2025 · 21% margin
- Total Equity Funding$125K (USD)
in 1 rounds
- Latest Funding Round$125K (USD), Seed
Jun 2022
- Investors
- Employee Count1
Associated legal entities of Shelfpay
Shelfpay operates through Shelfpay 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 |
|---|---|---|---|---|---|---|---|
| Shelfpay Private Limited CIN U72900KA2022PTC164170 | Active | 22 Jul 2022 | Bengaluru, Karnataka | ₹1.3 Cr | 1 | 2 | View details |
Products & Services of Shelfpay
Shelfpay offers a comprehensive portfolio of products and services, including Shelf App, Shared Payments Card, and Expense Tracking Feature.
Facilitates automatic expense splitting for groups and shared costs
Enables effortless group payments with cashback on essentials
Manages and splits daily expenses for flatmates and friends
Funding Insights of Shelfpay
Shelfpay has successfully raised a total of $125K through 1 strategic funding round. The most recent funding activity was a Seed round of $125 thousand completed in June 2022. 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 $125,000
- Total Rounds 1
- Last Round Seed — $125,000
- First Round $125,000
(Jun 2022)
- Investors Count 1
All 1 funding rounds of Shelfpay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | $125,000 | Seed | – | Y Combinator | – |
1 investors in total: 1 institutional.
Investors in Shelfpay
Shelfpay has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States |
Investor details for Shelfpay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Shelfpay Private Limited (Shelfpay)
Shelfpay Private Limited is the primary company behind Shelfpay. The board of Shelfpay Private Limited currently have 2 directors; the longest-serving is Vedant Kumar, appointed in 2022. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vedant Kumar DIN 09704836 | Director | 20 Aug 2022 | 4 yrs 2 mo | Shelfpay Private Limited |
| Paras Singh Rajput DIN 09704839 | Director | 20 Aug 2022 | 4 yrs 2 mo | Shelfpay Private Limited |
People of Shelfpay
2 people are tracked at Shelfpay (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Shelfpay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Shelfpay
Figures of Shelfpay Private Limited, the primary company behind Shelfpay, for FY 2025. Revenue was ₹1.29 Cr (-10% year on year). Net profit was ₹14.9 Lakh (12% margin). EBITDA was ₹27.5 Lakh (21% margin).
- ₹1.29 CrRevenue · FY 2025 · -10% YoY
- ₹14.9 LakhNet profit · 12% margin
- ₹27.5 LakhEBITDA · 21% margin
- ₹10,000Paid-up capital
- 1Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Shelfpay Private Limited are on its company page.
Detailed financial statements for Shelfpay
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
Verified entity values are shown only after access is granted.
Timeline of Shelfpay
2 dated milestones of Shelfpay, from founding to its latest funding, stage changes and deals.
- Founded Shelfpay is founded.
- Funding First funding round of $125K.
Competitors of Shelfpay
Shelfpay has 3 listed competitors in our database, 3 of them funded. They include Niyo, Freo and Avail Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| goniyo.com | 2015 | Bengaluru, India | $179.35M | 410 | Online platform for wealth management | |
| freo.money | 2015 | Bengaluru, India | $46.31M | 177 | Digital banking services are offered to individual users. | |
| availfinance.in | 2017 | Bengaluru, India | $38.48M | 2 | Neobank for individuals |
Detailed competitors of Shelfpay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Shelfpay
The website of Shelfpay (shelfpay.in) receives about 1.6K visits a month.
- Monthly visits1.6K
▼ 19.3% vs previous month
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Frequently Asked Questions about Shelfpay
Shelfpay was founded in 2022.
Shelfpay is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Shelfpay is a funded company, having raised a total of $125K across 1 funding round to date. The company's 1st funding round was a Seed of $125K, raised on Jun 2022.
Shelfpay has 1 employees.
The primary company behind Shelfpay, Shelfpay Private Limited, reported revenue of ₹1.29 Cr for FY 2025, down 10% year on year.
Shelfpay was founded in 2022 in Bengaluru, India, within the fintech sector. A platform is offered for managing and controlling spending, including white-label wallet solutions for banks to serve their customers. Operations encompass banking services, payments processing, expense tracking, bill splitting, and group wallets. These features are designed to reduce the need for manual tracking or reimbursement requests among users.
Shelfpay's top competitors include Freo, Niyo and Avail Finance.
Shelfpay offers Shelf App, Shared Payments Card, and Expense Tracking Feature.
Shelfpay has 1 investor. Key investors include Y Combinator.
Shelfpay operates through Shelfpay Private Limited.
The legal entities of Shelfpay currently have 2 directors, including Vedant Kumar, Paras Singh Rajput.