About Spin Pay
Spin Pay is a company based in Sao Paulo (Brazil) founded in 2018 by Alan Chud was acquired by Nubank in September 2021.. Spin Pay offers products and services including Pix Checkout and NuPay. Spin Pay operates in a competitive market with competitors including Stripe, Flutterwave, PayU, Nuvei and ACI Worldwide, among others.
- Headquarter Sao Paulo, Brazil
- Founders Alan Chud
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Nupay For Business Instituição De Pagamento Ltda.
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 Spin Pay
Spin Pay offers a comprehensive portfolio of products and services, including Pix Checkout and NuPay. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables simplified Pix payments for e-commerce transactions.
Provides credit with installments to reduce e-commerce costs.
Funding Insights of Spin Pay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spin Pay
Spin Pay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Nubank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Digital banking services are offered to individuals and businesses.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Spin Pay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Spin Pay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spin Pay Comparisons
Competitors of Spin Pay
Spin Pay 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 Stripe, Flutterwave, PayU, Nuvei and ACI Worldwide, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
|
|
| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
|
|
| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
|
|
| domain | founded_year | HQ Location |
Payment processing solutions are delivered to merchants and businesses.
|
|
| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
|
|
| domain | founded_year | HQ Location |
Financial management for micro-businesses is handled via automated subscriptions.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Spin Pay
When was Spin Pay founded?
Spin Pay was founded in 2018.
Where is Spin Pay located?
Spin Pay is headquartered in Sao Paulo, Brazil.
Who is the current CEO of Spin Pay?
Alan Chud is the current CEO of Spin Pay. They have also founded this company.
What does Spin Pay do?
Spin Pay was founded in 2018 in Sao Paulo, Brazil, within the payment industry. A network is operated to link payers and receivers, facilitating transactions. Real-time authentication and payment confirmation are provided as core services. Operations focus on the Brazilian market, supporting efficient connections in the financial sector.
Who are the top competitors of Spin Pay?
Spin Pay's top competitors include Stripe, PayU and Flutterwave.
What products or services does Spin Pay offer?
Spin Pay offers Pix Checkout and NuPay.
Who are Spin Pay's investors?
Spin Pay has 1 investor. Key investors include Nubank.