About Spay India
Spay India is a Financial Services company based in Noida (India) founded in 2019. It offers a wallet-enabled platform for money transfers, bill payments, recharges, travel bookings, and insurance services. It operates on a B2C model. The company has 111 employees. Its website spayindia.in draws about 256 thousand monthly visits. Its Indian entity Spay Technology Private Limited reported revenue of ₹120 Cr. Its focus areas include Fintech, Digital Payments and Mobile Wallets. Similar companies include PhonePe, MobiKwik and Paytm; 3 of its 3 listed similar companies have raised funding.
Company details
Spay India offers a wallet-enabled platform for money transfers, bill payments, recharges, travel bookings, and insurance services through offering financial products and advice, fintech, digital payments, and mobile wallets. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
- Headquarters Noida, India
- Employees 111
- SectorsFinancial Services
- Website category Finance · Banking Credit and Lending
- Email••••••••
- Website spayindia.in
- Legal Name Spay Technology Private Limited
- Date of Incorporation 28 Nov, 2018
- Jurisdiction Delhi, India
- Annual Revenue₹120 Cr
FY 2024 · -19% YoY
- Net Loss-₹9.45 Cr
FY 2024 · -8% margin
- EBITDA-₹9.19 Cr
FY 2024 · -8% margin
- Employee Count111
Associated legal entities of Spay India
Spay India is associated with 2 registered companies on The Company Check; the primary company is Spay Technology Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Spay Technology Private Limited CIN U63999DL2018PTC342298 | Active | 28 Nov 2018 | New Delhi, Delhi | ₹120 Cr | 111 | 2 | View details |
| Spay Technology Private Limited CIN U72900DL2018PTC342298 | 28 Nov 2018 | Delhi, India | View details |
Board of directors of Spay Technology Private Limited (Spay India)
Spay Technology Private Limited is the primary company behind Spay India. The board of Spay Technology Private Limited currently have 2 directors; the longest-serving is Aarti Dhawan, appointed in 2018. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aarti Dhawan DIN 08289574 | Director | 28 Nov 2018 | 7 yrs 10 mo | Spay Technology Private Limited |
| Sunil Dhawan DIN 09264008 | Director | 01 Sep 2023 | 3 yrs 1 mo | Spay Technology Private Limited |
Financials of Spay India
Figures of Spay Technology Private Limited, the primary company behind Spay India, for FY 2024. Revenue was ₹120 Cr (-19% year on year). Net loss was -₹9.45 Cr (-8% margin). EBITDA was -₹9.19 Cr (-8% margin). Revenue has grown at a compounded annual rate of -43% over three years and +175% over five years.
- ₹120 CrRevenue · FY 2024 · -19% YoY
- -₹9.45 CrNet loss · -8% margin
- -₹9.19 CrEBITDA · -8% margin
- ₹19 LakhPaid-up capital
- 111Employees (provident fund records)
- -43%Revenue CAGR, 3 years
- +175%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Spay Technology Private Limited are on its company page.
Detailed financial statements for Spay India
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Similar companies to Spay India
Spay India has 3 listed similar companies in our database, 3 of them funded. They include PhonePe, MobiKwik and Paytm.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| phonepe.com | 2012 | Bengaluru, India | $1.71B | 1,768 | Payment, financial, investment, and lending services are provided digitally. | |
| mobikwik.com | 2009 | Gurugram, India | $283.54M | 698 | Operator of platform for online mobile, DTH recharge, and bill payments | |
| paytm.com | 2000 | Noida, India | $2.81B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. |
Detailed similar companies of Spay India
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Web traffic of Spay India
The website of Spay India (spayindia.in) receives about 255.5K visits a month and ranks #186,099 among all websites worldwide, #11,404 in Banking Credit and Lending.
- Monthly visits255.5K
▼ 2% vs previous month
- Unique visitors6.8K
per month
- Global rank#186,099
among all websites
- Category rank#11,404
Finance · Banking Credit and Lending
- Bounce rate17%
- Pages per visit7.1
- Average visit9 min 17 sec
- DevicesDesktop 89% · Mobile 11%
Websites whose visitors overlap most with Spay India. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| soulpay.in | 100% | #146,438 | View details | ||
| tatapower-ddl.com | 93% | 457.8K | #73,244 | View details | |
esmartbazaar.in | esmartbazaar.in | 84% | #732,898 | – | |
| billdesk.com | 64% | 21.1M | #1,962 | View details | |
| rnfiservices.com | 58% | 57K | #678,417 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 13 similar websites and full traffic analytics for Spay India
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- 13 similar websites
- Audience overlap
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Top companies in Travel Fintech
3 companies that operate in the same segment as Spay India (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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Related news about Spay India
Complete news archive for Spay India
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Frequently Asked Questions about Spay India
Spay India was founded in 2019.
Spay India is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Spay India has 111 employees.
The primary company behind Spay India, Spay Technology Private Limited, reported revenue of ₹120 Cr for FY 2024, down 19% year on year.
Spay India offers a wallet-enabled platform for money transfers, bill payments, recharges, travel bookings, and insurance services through offering financial products and advice, fintech, digital payments, and mobile wallets. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
Spay India operates through Spay Technology Private Limited.
The legal entities of Spay India currently have 2 directors, including Aarti Dhawan, Sunil Dhawan.
The website of Spay India receives about 256 thousand visits a month and ranks #186,099 among all websites worldwide.