About Social Pay App
Social Pay App is a Financial Services company based in Cincinnati (United States) founded in 2016. App-based mobile payment platform. Social Pay App has raised $876.2 thousand across 1 funding round. The company has 116 employees. Its Indian entity Yapp India Automotive Systems Private Limited reported revenue of ₹397 Cr. Its focus areas include FinTech, Payments, Enablers and White Label Solutions. Its competitors include Ondot Systems, Ansa and Paydiant; 3 of its 3 listed competitors have raised funding.
Company details
SocialPay was founded in 2016 in Cincinnati, United States, within the fintech sector. An app-based platform is operated to handle peer-to-peer payments, group transactions, and merchandise purchases. Integration with payment services, bank accounts, debit cards, and credit cards is supported for users. Availability is provided on both Android and iOS devices, facilitating cross-platform mobile operations.
- Headquarters Cincinnati, United States
- Employees 116
- SectorsFinancial Services
- Email••••••••
- Website socialpayapp.com
- Social LinkedIn X Facebook
- Legal Name Socialpay Llc
- Date of Incorporation 08 Apr, 2008
- Jurisdiction Pune, Maharashtra, India
- Indian entity revenue₹397 Cr
FY 2025 · +12% YoY
- Indian entity net profit₹33.83 Cr
FY 2025 · 9% margin
- Indian entity EBITDA₹50.00 Cr
FY 2025 · 13% margin
- Total Equity Funding$876.2K (USD)
in 1 rounds
- Latest Funding Round$876.2K (USD), Seed
Dec 2017
- Employee Count116
Associated legal entities of Social Pay App
Social Pay App operates through Yapp India Automotive Systems 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 |
|---|---|---|---|---|---|---|---|
| Yapp India Automotive Systems Private Limited CIN U34300PN2008PTC173861 | Active | 08 Apr 2008 | Pune, Maharashtra | ₹397 Cr | 116 | 4 | View details |
Funding Insights of Social Pay App
Social Pay App has successfully raised a total of $876.2K through 1 strategic funding round. The most recent funding activity was a Seed round of $876.2 thousand completed in December 2017. 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 $876,200
- Total Rounds 1
- Last Round Seed — $876,200
- First Round $876,200
(Dec 2017)
All 1 funding rounds of Social Pay App 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 |
|---|---|---|---|---|---|
| Dec 2017 | $876,200 | Seed | – | – | – |
Board of directors of Yapp India Automotive Systems Private Limited (Social Pay App)
Yapp India Automotive Systems Private Limited is the primary company behind Social Pay App. The board of Yapp India Automotive Systems Private Limited currently have 3 directors; the longest-serving is Huazhu Chen, appointed in 2018. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Huazhu Chen DIN 03593203 | Director | 15 May 2018 | 8 yrs 5 mo | Yapp India Automotive Systems Private Limited |
| Yang Lin DIN 08215956 | Director | 18 Sep 2018 | 8 yrs 1 mo | Yapp India Automotive Systems Private Limited |
| Santosh Narsingrao Madas DIN 11281577 | Director | 22 Sep 2025 | 1 yr 1 mo | Yapp India Automotive Systems Private Limited |
Financials of Social Pay App
Figures of Yapp India Automotive Systems Private Limited, the primary company behind Social Pay App, for FY 2025. Revenue was ₹397 Cr (+12% year on year). Net profit was ₹33.83 Cr (9% margin). EBITDA was ₹50.00 Cr (13% margin). Revenue has grown at a compounded annual rate of +15% over three years and +15% over five years.
- ₹397 CrRevenue · FY 2025 · +12% YoY
- ₹33.83 CrNet profit · 9% margin
- ₹50.00 CrEBITDA · 13% margin
- ₹133 CrPaid-up capital
- 116Employees (provident fund records)
- +15%Revenue CAGR, 3 years
- +15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Yapp India Automotive Systems Private Limited are on its company page.
Detailed financial statements for Social Pay App
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 Social Pay App
2 dated milestones of Social Pay App across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Social Pay App is founded.
- Funding First funding round of $876K.
Competitors of Social Pay App
Social Pay App has 3 listed competitors in our database, 3 of them funded. They include Ondot Systems, Ansa and Paydiant.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ondotsystems.com | 2011 | Santa Clara, United States | $51.1M | 128 | Card-linked marketing solutions are offered to banks and financial institutions. | |
| ansa.dev | 2022 | San Francisco, United States | $19.4M | 23 | White-label closed-loop payment systems are provided for businesses. | |
| paydiant.com | 2010 | Wellesley, United States | $34.83M | 57 | White-labeled mobile payment solutions are provided for businesses. |
Detailed competitors of Social Pay App
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.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Social Pay App (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Related news about Social Pay App
Complete news archive for Social Pay App
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Frequently Asked Questions about Social Pay App
Social Pay App was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Social Pay App is headquartered in Cincinnati, United States. It is registered at Cincinnati, Ohio, United States.
Social Pay App is a funded company, having raised a total of $876.2K across 1 funding round to date. The company's 1st funding round was a Seed of $876.2K, raised on Dec 2017.
Social Pay App has 116 employees.
The primary company behind Social Pay App, Yapp India Automotive Systems Private Limited, reported revenue of ₹397 Cr for FY 2025, up 12% year on year.
SocialPay was founded in 2016 in Cincinnati, United States, within the fintech sector. An app-based platform is operated to handle peer-to-peer payments, group transactions, and merchandise purchases. Integration with payment services, bank accounts, debit cards, and credit cards is supported for users. Availability is provided on both Android and iOS devices, facilitating cross-platform mobile operations.
Social Pay App's top competitors include Ondot Systems, Ansa and Paydiant.
Social Pay App operates through Yapp India Automotive Systems Private Limited.
The legal entities of Social Pay App currently have 4 directors, including Huazhu Chen, Yang Lin, Monica Shrikant Gehlot and others.