About TrustPe
TrustPe is a Financial Services company based in Pune (India) founded in 2022 by Shubham Parekh and Aditya Nagare. It offers escrow payment solutions and services to business clients. It operates on a B2B model. The company has 1 employees. Its focus areas include Payments, Escrow Solutions and Payment Processing. Its legal entity in India is Ideamachine Private Limited (U72900GJ2021PTC127442). Its competitors include Castler, Dealsafe and GoCrow; 3 of its 3 listed competitors have raised funding.
Company details
TrustPe offers escrow payment solutions and services to business clients through offering financial products and advice, facilitating payment transactions, escrow solutions, and processing payments securely. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Pune, India
- Employees 1
- Founders Shubham Parekh, Aditya Nagare
- SectorsFinancial Services
- Website trustpe.money
- Legal Name Ideamachine Private Limited
- Date of Incorporation 22 Nov, 2021
- Jurisdiction Surat, Gujarat, India
- Net Loss-₹79,676
FY 2022 · -13191% margin
- EBITDA-₹27,306
FY 2022 · -4521% margin
- Employee Count1
Associated legal entities of TrustPe
TrustPe operates through Ideamachine Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ideamachine Private Limited CIN U72900GJ2021PTC127442 | Active | 22 Nov 2021 | Surat, Gujarat | ₹0.0 Cr | 2 | View details |
Board of directors of Ideamachine Private Limited (TrustPe)
Ideamachine Private Limited is the primary company behind TrustPe. The board of Ideamachine Private Limited currently have 2 directors; the longest-serving is Shubhamkumar Vasantbhai Parekh, appointed in 2021. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shubhamkumar Vasantbhai Parekh DIN 07538377 | Director | 22 Nov 2021 | 4 yrs 11 mo | Ideamachine Private Limited |
| Chirantan Ramesh Parekh DIN 07538281 | Director | 23 Dec 2025 | 10 mo | Ideamachine Private Limited |
People of TrustPe
2 people are tracked at TrustPe (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Shubham Parekh | Co-Founder | Leadership |
| Co-Founder | Leadership |
Complete people profiles for TrustPe
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of TrustPe
Figures of Ideamachine Private Limited, the primary company behind TrustPe, for FY 2022. Net loss was -₹79,676 (-13191% margin). EBITDA was -₹27,306 (-4521% margin).
- -₹79,676Net loss · -13191% margin
- -₹27,306EBITDA · -4521% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Ideamachine Private Limited are on its company page.
Detailed financial statements for TrustPe
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of TrustPe
TrustPe has 3 listed competitors in our database, 3 of them funded. They include Castler, Dealsafe and GoCrow.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| castler.com | 2015 | Delhi, India | $8.01M | 85 | Escrow-based banking solutions are offered for consumers and businesses. | |
| dealsafe.in | 2020 | Pune, India | $187,111 | Digital escrow solution for buyers and sellers | ||
| gocrow.in | 2021 | Faridabad, India | $32,851 | Escrow-based digital payments are provided for secure buyer-seller transactions. |
Detailed competitors of TrustPe
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as TrustPe (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Frequently Asked Questions about TrustPe
TrustPe was founded in 2022.
TrustPe is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
TrustPe has 1 employees.
Annual revenue of TrustPe is $7.31 as on Mar 31, 2022.
TrustPe offers escrow payment solutions and services to business clients through offering financial products and advice, facilitating payment transactions, escrow solutions, and processing payments securely. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
TrustPe operates through Ideamachine Private Limited.
The legal entities of TrustPe currently have 2 directors, including Shubhamkumar Vasantbhai Parekh, Chirantan Ramesh Parekh.