About Urwallets
Urwallets is a company based in Bengaluru (India) founded in 2019. It operates as a B2C. Urwallets operates in a competitive market with competitors including PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others.
- Headquarter Bengaluru, India
- SectorsFinancial Services
- Website urwallets.com
- Legal Name Texaavy Infotech Private Limited
- Date of Incorporation 01 Dec, 2017
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹6.8 Lakh
FY 2021 · -1% YoY
- Net Loss-₹3.3 Lakh
FY 2021 · -48% margin
- EBITDA-₹2.9 Lakh
FY 2021 · -43% margin
Associated legal entities of Urwallets
Urwallets operates through Texaavy Infotech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Texaavy Infotech Private Limited CIN U74999KA2017PTC108351 | Active | 01 Dec 2017 | Bangalore, Karnataka | ₹0.1 Cr | – | 2 | View details |
Board of directors of Texaavy Infotech Private Limited (Urwallets)
Texaavy Infotech Private Limited is the primary company behind Urwallets. The board of Texaavy Infotech Private Limited currently have 2 directors; the longest-serving is Anoop Vijayan, appointed in 2017. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anoop Vijayan DIN 07988472 | Director | 01 Dec 2017 | 8 yrs 10 mo | Texaavy Infotech Private Limited |
| Anilamol Parackal DIN 09505976 | Additional Director | 09 Feb 2022 | 4 yrs 8 mo | Texaavy Infotech Private Limited |
Financials of Urwallets
Figures of Texaavy Infotech Private Limited, the primary company behind Urwallets, for FY 2021. Revenue was ₹6.8 Lakh (-1% year on year). Net loss was -₹3.3 Lakh (-48% margin). EBITDA was -₹2.9 Lakh (-43% margin). Revenue has grown at a compounded annual rate of +325% over three years.
- ₹6.8 LakhRevenue · FY 2021 · -1% YoY
- -₹3.3 LakhNet loss · -48% margin
- -₹2.9 LakhEBITDA · -43% margin
- ₹1 LakhPaid-up capital
- +325%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Texaavy Infotech Private Limited are on its company page.
Detailed financial statements for Urwallets
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Competitors of Urwallets
Urwallets 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 PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| phonepe.com | 2012 | Bengaluru, India | $1.01B | 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 | $4.14B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. | |
| freecharge.in | 2010 | Gurugram, India | $116.92M | 1,762 | Digital wallet services for bill payments and recharges are facilitated. | |
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| one97.com | 2000 | Noida, India | – | 86 | Wallet-based payment solutions are provided for consumers and businesses. | |
| you.co | 2018 | Singapore | $105.5M | – | NFC-enabled travel cards and wallets are provided for travelers. | |
| citruspay.com | 2011 | Mumbai, India | $32.5M | 160 | Online payment app for consumers and businesses | |
| ebixcash.com | 1989 | Noida, India | $35.29M | 1,799 | App-based money transfer and bill payment platform for individuals and businesses |
Detailed competitors of Urwallets
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- Full competitor set
- Operating metrics
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Similar companies to Urwallets
10 companies that operate in the same segment as Urwallets (Travel Fintech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital entertainment, e-commerce, and financial services are provided globally. | 2006 | Singapore | USD 721.47 M | USD 22.94 B | 80,700 | |
Digital payment services via UPI, cards, and wallets. | 2019 | Bengaluru, Karnataka, India | – | USD 8.79 | 74 | |
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 | – | – | – | |
Venture capital funding and support for pre-seed and seed-stage startups in India. | 2019 | Mumbai, Maharashtra, India | – | – | – | |
EPSILON NET is engaged in providing business software solutions. | 1999 | Kallithea, Attica, Greece | – | – | – | |
Offers payment gateways, links, and services for online transactions and business payments. | 2009 | Noida, Uttar Pradesh, India | – | – | – | |
Mobile app for phone payments at merchants without wallets or internet. | 2014 | Bengaluru, Karnataka, India | – | USD 103.98 K | 10 | |
Investment in Indian startups across technology and fintech sectors. | 2012 | Mumbai, Maharashtra, India | – | – | – | |
Fintech platform offering AEPS, Micro ATM, recharge, and money transfer services. | 2021 | Delhi, Delhi, India | – | USD 4.61 M | 292 |
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Frequently Asked Questions about Urwallets
Urwallets was founded in 2019.
Urwallets is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Urwallets, Texaavy Infotech Private Limited, reported revenue of ₹6.8 Lakh for FY 2021, down 1% year on year.
Urwallets an app-based platform for secure money transfers, mobile recharges, and bill payments through offering financial products and advice, fintech, providing payment solutions, and mobile transactions. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
Urwallets operates through Texaavy Infotech Private Limited.
The legal entities of Urwallets currently have 2 directors, including Anoop Vijayan, Anilamol Parackal.