About tmw
tmw was a Financial Services company based in Mumbai (India) founded in 2015. TMW is an app-based digital wallet providing secure payment solutions for individuals. It operates on a B2C model. tmw has raised $5 million across 1 funding round. The company has 43 employees. tmw has completed 1 acquisition, including Trupay. Its Indian entity Tmw Fintech Private Limited reported revenue of ₹11.75 Cr. The company is recorded as dissolved. Its focus areas include Fintech, Digital Payments and Mobile Wallets. Its competitors include PhonePe, MobiKwik and Paytm; 3 of its 3 listed competitors have raised funding.
Company details
tmw operates with a B2C model, focusing on offering financial products and advice, fintech, digital payments, and mobile wallets. TMW is an app-based digital wallet providing secure payment solutions for individuals. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Mumbai, India
- Employees 43
- SectorsFinancial Services
- Website tmwpay.com
- Social X Facebook
- Legal Name Tmw Fintech Private Limited
- Date of Incorporation 30 Jul, 2015
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹11.75 Cr
FY 2025 · +248% YoY
- Net Profit₹11.71 Cr
FY 2025 · 100% margin
- EBITDA₹11.71 Cr
FY 2025 · 100% margin
- Total Equity Funding$5M (USD)
in 1 rounds
- Latest Funding Round$5M (USD), Seed
Mar 2016
- Employee Count43
- Investments & Acquisitions
Associated legal entities of tmw
tmw operates through Tmw Fintech Private Limited (under cirp). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tmw Fintech Private Limited CIN U67190MH2015PTC267015 | Under Cirp | 30 Jul 2015 | Mumbai, Maharashtra | ₹11.7 Cr | 43 | 4 | View details |
Funding Insights of tmw
tmw has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Seed round of $5 million completed in March 2016. 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 $5M
- Total Rounds 1
- Last Round Seed — $5M
- First Round $5M
(Mar 2016)
All 1 funding rounds of tmw 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 |
|---|---|---|---|---|---|
| Mar 2016 | $5M | Seed | – | – | – |
Board of directors of Tmw Fintech Private Limited (tmw)
Tmw Fintech Private Limited is the primary company behind tmw. The board of Tmw Fintech Private Limited currently have 4 directors; the longest-serving is Vinay Vijay Kalantri, appointed in 2015. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vinay Vijay Kalantri DIN 00194477 | Managing Director | 30 Jul 2015 | 11 yrs 3 mo | Tmw Fintech Private Limited |
| Narottam Babulal Vyas DIN 00055499 | Additional Director | 09 Mar 2020 | 6 yrs 7 mo | Tmw Fintech Private Limited |
| Subhash Radheshyam Shukla DIN 09109475 | Additional Director | 17 Mar 2021 | 5 yrs 7 mo | Tmw Fintech Private Limited |
| Mahendra Uttam Kadam DIN 09262150 | Additional Director | 02 Aug 2021 | 5 yrs 3 mo | Tmw Fintech Private Limited |
Financials of tmw
Figures of Tmw Fintech Private Limited, the primary company behind tmw, for FY 2025. Revenue was ₹11.75 Cr (+248% year on year). Net profit was ₹11.71 Cr (100% margin). EBITDA was ₹11.71 Cr (100% margin). Revenue has grown at a compounded annual rate of +1312% over three years and -1% over five years.
- ₹11.75 CrRevenue · FY 2025 · +248% YoY
- ₹11.71 CrNet profit · 100% margin
- ₹11.71 CrEBITDA · 100% margin
- ₹34.89 CrPaid-up capital
- 43Employees (provident fund records)
- +1312%Revenue CAGR, 3 years
- -1%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Tmw Fintech Private Limited are on its company page.
Detailed financial statements for tmw
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by tmw
tmw has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Trupay.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
UPI-based POS payment solutions are offered to merchants for transactions. | trupay.in | Gurugram, India | 2015 | Jan 2018 | •••• |
Complete acquisition details for tmw
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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Timeline of tmw
3 dated milestones of tmw across 3 years, from founding to its latest funding, stage changes and deals.
- Founded tmw is founded.
- Funding First funding round of $5.0M.
- Acquisition Acquires Trupay.
Competitors of tmw
tmw has 3 listed competitors 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 competitors of tmw
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Travel Fintech
3 companies that operate in the same segment as tmw (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 4.26 M | 128 | ||
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 Tmw
Complete news archive for tmw
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Frequently Asked Questions about tmw
tmw was founded in 2015 and raised its 1st funding round 1 year after it was founded.
tmw is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
tmw is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Seed of $5M, raised on Mar 2016.
tmw has 43 employees.
The primary company behind tmw, Tmw Fintech Private Limited, reported revenue of ₹11.75 Cr for FY 2025, up 248% year on year.
tmw operates with a B2C model, focusing on offering financial products and advice, fintech, digital payments, and mobile wallets. TMW is an app-based digital wallet providing secure payment solutions for individuals. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
tmw has made 1 acquisition, including Trupay.
tmw operates through Tmw Fintech Private Limited.
The legal entities of tmw currently have 4 directors, including Subhash Radheshyam Shukla, Mahendra Uttam Kadam, Vinay Vijay Kalantri and others.