About TechProcess Payment Services
TechProcess Payment Services is a company based in Mumbai (India) founded in 2000 was acquired by Ingenico in January 2017. TechProcess Payment Services has raised $12.59 million across 2 funding rounds from investors including Ingenico, NGP Capital and Kunal Nagarkatti. The company has 404 employees as of April 07, 2024. TechProcess Payment Services operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Mumbai, India
- Employees 404 as on 07 Apr, 2024
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Techprocess Payment Services Limited
- Date of Incorporation 08 Sep, 2000
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$26.98 M (USD)29.29as on Mar 31, 2017
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Net Profit
$1.9 M (USD)21.24as on Mar 31, 2017
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EBITDA
$2.94 M (USD)162.74as on Mar 31, 2017
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Total Equity Funding
$12.59 M (USD)
in 2 rounds
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Latest Funding Round
$3.18 M (USD), Series A
Jan 05, 2009
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Investors
Ingenico
& 11 more
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Employee Count
404
as on Apr 07, 2024
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Acquired by
Ingenico
(Jan 30, 2017)
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People of TechProcess Payment Services
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Leadership Team
2 people
customer Team
1 people
Operation Team
1 people
OPERATION Team
1 people
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Funding Insights of TechProcess Payment Services
TechProcess Payment Services has successfully raised a total of $12.59M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.18 million completed in January 2009. 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 Total Funding
- Total Rounds 2
- Last Round Series A — $3.2M
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First Round
First Round
(23 Apr 2007)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2009 | Amount | Series A - TechProcess Payment Services | Valuation | NGP Capital | |
| Apr, 2007 | Amount | Series A - TechProcess Payment Services | Valuation | Battery Ventures |
Investors in TechProcess Payment Services
TechProcess Payment Services has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Ingenico, NGP Capital and Kunal Nagarkatti.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on B2B companies
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Founded Year | Domain | Location | |
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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location | |
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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location |
Investments & Acquisitions by TechProcess Payment Services
Financial Statements - TechProcess Payment Services
Techprocess Payment Services Comparisons
Competitors of TechProcess Payment Services
TechProcess Payment Services 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, Razorpay, Flutterwave, PayU and Mintoak, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
|
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| domain | founded_year | HQ Location |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Digital payments and engagement solutions are offered for MSMEs.
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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Latest news on Techprocess Payment Services
Frequently Asked Questions about TechProcess Payment Services
TechProcess Payment Services was founded in 2000 and raised its 1st funding round 7 years after it was founded.
TechProcess Payment Services is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
TechProcess Payment Services is a funded company, having raised a total of $12.59M across 2 funding rounds to date. The company's 1st funding round was a Series A of $9.41M, raised on Apr 23, 2007.
As of Apr 07, 2024, the latest employee count at TechProcess Payment Services is 404.
Annual revenue of TechProcess Payment Services is $26.98M as on Mar 31, 2017.
TechProcess Payment Services was established in 2000 in Mumbai, India, focusing on fintech operations. Scheduled payments, real-time transactions, and cheque processing are handled through online platforms. Support for payments and technology integration is extended, including electronic bill presentation and dedicated service sites. These capabilities serve sectors like insurance, telecom, banking, eCommerce, and education across the region.
TechProcess Payment Services has 12 investors. Key investors include Ingenico, NGP Capital, Kunal Nagarkatti, Palani Govindrajan, and Neelesh Kriplani.
The valuation of TechProcess Payment Services is $67.19M as of Jan 2009.