About Tyche
Tyche is a company based in Chennai (India) founded in 2018 by Santhosh Chandrasekar and Babu Chandrasekar. Tyche has raised $2.76 million across 4 funding rounds from investors including Appaji Krishnasamy, C Rajalakshmi and Preetal Jignesh Kenia. The company has 22 employees as of April 01, 2024. Tyche offers products and services including Payment Gateway, POS Solutions, QR Solutions, and E-Wallet. Tyche operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Chennai, India
- Employees 22 as on 01 Apr, 2024
- Founders Santhosh Chandrasekar, Babu Chandrasekar
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Tyche Payment Solutions Private Limited
- Date of Incorporation 25 Sep, 2018
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$197.42 K (USD)-76.13as on Mar 31, 2023
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Net Profit
-$260.77 K (USD)-239.39as on Mar 31, 2023
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EBITDA
-$180.14 K (USD)-253.84as on Mar 31, 2023
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Total Equity Funding
$2.76 M (USD)
in 4 rounds
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Latest Funding Round
$1.2 M (USD), Angel Round
Mar 20, 2023
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Investors
& 10 more
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Employee Count
22
as on Apr 01, 2024
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Products & Services of Tyche
Tyche offers a comprehensive portfolio of products and services, including Payment Gateway, POS Solutions, QR Solutions, and E-Wallet.
Secure platform for online payments and transaction processing
Systems for in-store payments and inventory management
QR-based tools for fast and secure transactions
Mobile wallet for electronic payments and financial inclusion
Funding Insights of Tyche
Tyche has successfully raised a total of $2.76M across 4 strategic funding rounds. The most recent funding activity was a Angel Round of $1.2 million completed in March 2023. 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 Tyche
Tyche has secured backing from 11 investors, including angel investors. Prominent investors backing the company include Appaji Krishnasamy, C Rajalakshmi and Preetal Jignesh Kenia.
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Appaji Krishnasamy |
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CR
C Rajalakshmi |
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PJ
Preetal Jignesh Kenia |
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Investor details for Tyche
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Investments & Acquisitions by Tyche
Investment portfolio details for Tyche
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- Transaction dates
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Financial Statements - Tyche
Detailed financials for Tyche
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Tyche Comparisons
Peer comparison for Tyche
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- Named peers
- Headcount comparison
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Competitors of Tyche
Tyche 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.
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Payment processing and card issuance solutions are provided for businesses.
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Payment and business banking solutions are provided for enterprises.
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Provider of payment processing solutions for businesses
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Online payment processing and credit solutions are provided for businesses.
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Digital payments and engagement solutions are offered for MSMEs.
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Digital payments are processed and managed via specialized solutions.
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Detailed competitors of Tyche
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Latest news on Tyche
Complete news archive for Tyche
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Frequently Asked Questions about Tyche
Tyche was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Tyche is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Tyche is a funded company, having raised a total of $2.76M across 4 funding rounds to date.
As of Apr 01, 2024, the latest employee count at Tyche is 22.
Annual revenue of Tyche is $197.42K as on Mar 31, 2023.
Tyche provides payment gateway and POS solutions for businesses. It offers QR based payments solution, POS solutions, E-Wallet, payment gateway, invoice payments, subscription service swipe, and more. It features solutions to provide integration service, plugins shopping cart, differential pricing, split settlements, multi-bank settlement, and more.
Tyche offers Payment Gateway, POS Solutions, QR Solutions, and E-Wallet.
Tyche has 11 investors. Key investors include Appaji Krishnasamy, C Rajalakshmi, Preetal Jignesh Kenia, Ashokkumar T, and Anil Kumar Doshi.
The valuation of Tyche is $25.37M as of Mar 2023.