About Simple Payments
Simple Payments is a Financial Services company based in Bengaluru (India) founded in 2020. It delivers comprehensive online payment solutions tailored for businesses. It operates on a B2B model. The company has 1 employees. Its Indian entity Simple Payments Private Limited reported revenue of ₹2.9 Lakh. Its focus areas include Fintech, Online Payments and Business Solutions. Similar companies include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed similar companies have raised funding.
Company details
Simple Payments, founded in 2020 in Bengaluru, India, focuses on offering financial products and advice, fintech, online payments, and business solutions. Delivers comprehensive online payment solutions tailored for businesses. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Bengaluru, India
- Employees 1
- SectorsFinancial Services
- Website simplepayments.in
- Legal Name Simple Payments Private Limited
- Date of Incorporation 10 Nov, 2020
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2.9 Lakh
FY 2024 · -28% YoY
- Net Loss-₹2,867
FY 2024 · -1% margin
- EBITDA₹60,850
FY 2024 · 21% margin
- Employee Count1
Associated legal entities of Simple Payments
Simple Payments operates through Simple Payments 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 |
|---|---|---|---|---|---|---|---|
| Simple Payments Private Limited CIN U74999KA2020PTC140878 | Active | 10 Nov 2020 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details |
Board of directors of Simple Payments Private Limited (Simple Payments)
Simple Payments Private Limited is the primary company behind Simple Payments. The board of Simple Payments Private Limited currently have 2 directors; the longest-serving is Aurang Baig, appointed in 2024. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aurang Baig DIN 08038767 | Additional Director | 28 Mar 2024 | 2 yrs 6 mo | Simple Payments Private Limited |
| Thanudi Balaraj Nithesh DIN 10869132 | Additional Director | 12 Dec 2024 | 1 yr 10 mo | Simple Payments Private Limited |
Financials of Simple Payments
Figures of Simple Payments Private Limited, the primary company behind Simple Payments, for FY 2024. Revenue was ₹2.9 Lakh (-28% year on year). Net loss was -₹2,867 (-1% margin). EBITDA was ₹60,850 (21% margin).
- ₹2.9 LakhRevenue · FY 2024 · -28% YoY
- -₹2,867Net loss · -1% margin
- ₹60,850EBITDA · 21% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Simple Payments Private Limited are on its company page.
Detailed financial statements for Simple Payments
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Similar companies to Simple Payments
Simple Payments has 3 listed similar companies 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 similar companies of Simple Payments
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- Full competitor set
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Top companies in Travel Fintech
3 companies that operate in the same segment as Simple Payments (Travel Fintech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payment services via UPI, cards, and wallets. | 2019 | Bengaluru, Karnataka, India | USD 8.79 | 74 | ||
Provides an app-based platform for group expense sharing and bill splitting. | 2015 | Bengaluru, Karnataka, India | USD 2.47 M | 177 | ||
Offers agent-based solutions for secure payment processing. | 2015 | Ludhiana, Punjab, India |
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Frequently Asked Questions about Simple Payments
Simple Payments was founded in 2020.
Simple Payments is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Simple Payments has 1 employees.
The primary company behind Simple Payments, Simple Payments Private Limited, reported revenue of ₹2.9 Lakh for FY 2024, down 28% year on year.
Simple Payments, founded in 2020 in Bengaluru, India, focuses on offering financial products and advice, fintech, online payments, and business solutions. Delivers comprehensive online payment solutions tailored for businesses. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Simple Payments operates through Simple Payments Private Limited.
The legal entities of Simple Payments currently have 2 directors, including Aurang Baig, Thanudi Balaraj Nithesh.