About Spice Money
Spice Money is a company based in Noida (India) founded in 2000 by Saket Agarwal and Dilip Modi. Spice Money has raised $15.42 million across 2 funding rounds from investors including Sood Infomatics and Lehman Brothers Opportunity. The company has 1,219 employees as of April 08, 2024. Spice Money offers products and services including AePS Services, Loan Collection Services, Account Opening, and Bill Payments and Recharge. Spice Money operates in a competitive market with competitors including Dvara KGFS, Kaleidofin, PayNearby, Fino Paytech and Sub-K, among others.
- Headquarter Noida, India
- Employees 1219 as on 08 Apr, 2024
- Founders Saket Agarwal, Dilip Modi
- Stage Minicorn
-
Sectors
Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Spice Money Limited
- Jurisdiction New Delhi, Delhi, India
-
Annual Revenue
$20.13 M (USD)-50.41as on Mar 31, 2019
-
Net Profit
-$607.18 K (USD)92.94as on Mar 31, 2019
-
EBITDA
-$369.69 K (USD)-102.39as on Mar 31, 2019
-
Total Equity Funding
$15.42 M (USD)
in 2 rounds
-
Latest Funding Round
$406.5 K (USD), Series B
Dec 14, 2020
-
Investors
Sood Infomatics
& 1 more
-
Employee Count
1219
as on Apr 08, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Spice Money
Spice Money offers a comprehensive portfolio of products and services, including AePS Services, Loan Collection Services, Account Opening, and Bill Payments and Recharge.
Facilitates secure Aadhaar-based deposits and withdrawals for users
Handles cash and EMI collections for loans in rural areas
Enables easy account creation through digital verification
Processes bill payments and mobile recharges via network
People of Spice Money
Unlock access to complete
Unlock access to complete
Funding Insights of Spice Money
Spice Money has successfully raised a total of $15.42M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $406.5 thousand completed in December 2020. 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.
Investors in Spice Money
Spice Money has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Sood Infomatics and Lehman Brothers Opportunity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office focused on technology companies
|
Locked | Locked | Locked | |
|
Limited information is available on core activities.
|
Locked | Locked | Locked |
Investor details for Spice Money
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Spice Money
Investment portfolio details for Spice Money
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Spice Money
Detailed financials for Spice Money
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Spice Money Comparisons
Peer comparison for Spice Money
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Spice Money
Spice Money operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dvara KGFS, Kaleidofin, PayNearby, Fino Paytech and Sub-K, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Loans for consumers and SMEs are provided alongside financial services.
|
|
| Locked | Locked | Locked |
Provider of financial technology solutions for inclusive lending
|
|
| Locked | Locked | Locked |
Digital payment and banking services are facilitated via retail partnerships.
|
|
| Locked | Locked | Locked |
Technology solutions for banking and financial sectors are provided.
|
|
| Locked | Locked | Locked |
Provider of digital financial services for underserved populations
|
Detailed competitors of Spice Money
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Spice Money
Complete news archive for Spice Money
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Spice Money
Spice Money was founded in 2000 and raised its 1st funding round 6 years after it was founded.
Spice Money is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Spice Money is a funded company, having raised a total of $15.42M across 2 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Spice Money is 1,219.
Annual revenue of Spice Money is $20.13M as on Mar 31, 2019.
Digital payment and banking service provider in rural areas. This includes Aadhaar-enabled services, domestic money transfers, loan and cash EMI collection, bill payments, and ticket booking. It offers a network facilitating access to financial services for underserved populations. Services are delivered through a network of agents and mini ATMs. It also provides loan and credit services and account opening facilities.
Spice Money's top competitors include Kaleidofin, Fino Paytech and PayNearby.
Spice Money offers AePS Services, Loan Collection Services, Account Opening, and Bill Payments and Recharge.
Spice Money has 2 investors. Key investors include Sood Infomatics, and Lehman Brothers Opportunity.
The valuation of Spice Money is $21.01M as of Dec 2020.