About Signetpay
Signetpay is a Financial Services company based in Gurugram (India) founded in 2014 by Neeru Arora, Tarun Arora, and Mohit Taneja, and was acquired by Koatoolsindialtd.com in May 2019. White label payment gateway solutions are provided to merchants. Its Indian entity Signet Payments Solution Private Limited reported revenue of ₹2.4 Lakh. Signetpay offers products and services including Payment Gateway, Payment Tokenization, Closed Wallet Services, SMS Payments, and Email Payments. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its competitors include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed competitors have raised funding.
Company details
Signetpay was founded in 2014 and is headquartered in Gurugram, India. Operations focus on the fintech sector, where backend management for white label payment gateways is handled. These gateways, which can be hosted on merchant web addresses, are PCI DSS certified and include features such as fraud management, recurring payments, and multi-currency support. Additional services encompass closed wallet solutions, SMS-based payments, and email payment options.
- Headquarters Gurugram, India
- Founders Neeru Arora, Tarun Arora, Mohit Taneja
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website signetpay.com
- Social LinkedIn X Facebook
- Acquired by Koatoolsindialtd.com (May 2019)
- Legal Name Signet Payments Solution Private Limited
- Date of Incorporation 26 Sep, 2014
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹2.4 Lakh
FY 2024 · -89% YoY
- Net Loss-₹45.6 Lakh
FY 2024 · -1895% margin
- EBITDA-₹40.9 Lakh
FY 2024 · -1703% margin
- Investors
- Acquired byKoatoolsindialtd.com
(May 2019)
Associated legal entities of Signetpay
Signetpay operates through Signet Payments Solution Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Signet Payments Solution Private Limited CIN U67190HR2014PTC053480 | Active | 26 Sep 2014 | Gurgaon, Haryana | ₹0.0 Cr | 2 | View details |
Products & Services of Signetpay
Signetpay offers a comprehensive portfolio of products and services, including Payment Gateway, Payment Tokenization, Closed Wallet Services, SMS Payments, and Email Payments.
Secure platform for online transactions and merchant integrations.
Tool for safely storing card details for repeated use.
System for managing digital wallets and transactions.
Service for processing payments via text messages.
Feature for handling payments through email links.
Investors in Signetpay
Signetpay has secured backing from 1 investor. Prominent investors backing the company include Koatoolsindialtd.com.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| koatoolsindialtd.com |
Investor details for Signetpay
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Board of directors of Signet Payments Solution Private Limited (Signetpay)
Signet Payments Solution Private Limited is the primary company behind Signetpay. The board of Signet Payments Solution Private Limited currently have 2 directors; the longest-serving is Tarun Arora, appointed in 2014. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tarun Arora DIN 05153175 | Director | 26 Sep 2014 | 12 yrs 1 mo | Signet Payments Solution Private Limited |
| Shantanu Dilip Gupte DIN 08733037 | Director | 13 Jul 2020 | 6 yrs 3 mo | Signet Payments Solution Private Limited |
People of Signetpay
3 people are tracked at Signetpay (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Signetpay
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Financials of Signetpay
Figures of Signet Payments Solution Private Limited, the primary company behind Signetpay, for FY 2024. Revenue was ₹2.4 Lakh (-89% year on year). Net loss was -₹45.6 Lakh (-1895% margin). EBITDA was -₹40.9 Lakh (-1703% margin). Revenue has grown at a compounded annual rate of -71% over three years.
- ₹2.4 LakhRevenue · FY 2024 · -89% YoY
- -₹45.6 LakhNet loss · -1895% margin
- -₹40.9 LakhEBITDA · -1703% margin
- ₹1 LakhPaid-up capital
- -71%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Signet Payments Solution Private Limited are on its company page.
Detailed financial statements for Signetpay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Signetpay
2 dated milestones of Signetpay across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Signetpay is founded.
- Exit Acquired by Koatoolsindialtd.com.
Competitors of Signetpay
Signetpay has 3 listed competitors in our database, 3 of them funded. They include Razorpay, Mintoak and Pine Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. |
Detailed competitors of Signetpay
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Signetpay (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Signetpay
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Frequently Asked Questions about Signetpay
Signetpay was founded in 2014.
Signetpay is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
The primary company behind Signetpay, Signet Payments Solution Private Limited, reported revenue of ₹2.4 Lakh for FY 2024, down 89% year on year.
Signetpay was founded in 2014 and is headquartered in Gurugram, India. Operations focus on the fintech sector, where backend management for white label payment gateways is handled. These gateways, which can be hosted on merchant web addresses, are PCI DSS certified and include features such as fraud management, recurring payments, and multi-currency support. Additional services encompass closed wallet solutions, SMS-based payments, and email payment options.
Signetpay offers Payment Gateway, Payment Tokenization, Closed Wallet Services, SMS Payments, and Email Payments.
Signetpay has 1 investor. Key investors include Koatoolsindialtd.com.
Signetpay operates through Signet Payments Solution Private Limited.
Yes. Signetpay was acquired by Koatoolsindialtd.com in May 2019.
The legal entities of Signetpay currently have 2 directors, including Shantanu Dilip Gupte, Tarun Arora.