About Veloxpay
Veloxpay is a Financial Services company based in Nigeria founded in 2024 by Ihedimbu David, Wright Derek Peterz, Agi Joseph, and Shammah Semali. It offers cross-border payment solutions for businesses and individuals. It operates on a B2B model. The company has 116 employees. Its chief executive, as recorded, is Wright Derek Peterz. Its Indian entity Yapp India Automotive Systems Private Limited reported revenue of ₹397 Cr. Its focus areas include Payments, Cross-Border Solutions and Payment Processing.
Company details
Veloxpay offers cross-border payment solutions for businesses and individuals through offering financial products and advice, facilitating payment transactions, enabling international payments, 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 Nigeria
- Employees 116
- Founders Ihedimbu David, Wright Derek Peterz, Agi Joseph, Shammah Semali
- SectorsFinancial Services
- Website veloxpayapp.com
- Legal Name Yapp India Automotive Systems Private Limited
- Date of Incorporation 08 Apr, 2008
- Jurisdiction Pune, Maharashtra, India
- Indian entity revenue₹397 Cr
FY 2025 · +12% YoY
- Indian entity net profit₹33.83 Cr
FY 2025 · 9% margin
- Indian entity EBITDA₹50.00 Cr
FY 2025 · 13% margin
- Employee Count116
Associated legal entities of Veloxpay
Veloxpay operates through Yapp India Automotive Systems Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Yapp India Automotive Systems Private Limited CIN U34300PN2008PTC173861 | Active | 08 Apr 2008 | Pune, Maharashtra | ₹397 Cr | 116 | 4 | View details |
Board of directors of Yapp India Automotive Systems Private Limited (Veloxpay)
Yapp India Automotive Systems Private Limited is the primary company behind Veloxpay. The board of Yapp India Automotive Systems Private Limited currently have 3 directors; the longest-serving is Huazhu Chen, appointed in 2018. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Huazhu Chen DIN 03593203 | Director | 15 May 2018 | 8 yrs 5 mo | Yapp India Automotive Systems Private Limited |
| Yang Lin DIN 08215956 | Director | 18 Sep 2018 | 8 yrs 1 mo | Yapp India Automotive Systems Private Limited |
| Santosh Narsingrao Madas DIN 11281577 | Director | 22 Sep 2025 | 1 yr 1 mo | Yapp India Automotive Systems Private Limited |
People of Veloxpay
4 people are tracked at Veloxpay (4 in leadership); the tracked headcount is 116.
| Name | Role | Group |
|---|---|---|
Ihedimbu David | Co-Founder, CTO | Leadership |
Wright Derek Peterz | Co-Founder, CEO | Leadership |
Agi Joseph | Co-Founder, COO | Leadership |
Shammah Semali | Co-Founder | Leadership |
Complete people profiles for Veloxpay
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Financials of Veloxpay
Figures of Yapp India Automotive Systems Private Limited, the primary company behind Veloxpay, for FY 2025. Revenue was ₹397 Cr (+12% year on year). Net profit was ₹33.83 Cr (9% margin). EBITDA was ₹50.00 Cr (13% margin). Revenue has grown at a compounded annual rate of +15% over three years and +15% over five years.
- ₹397 CrRevenue · FY 2025 · +12% YoY
- ₹33.83 CrNet profit · 9% margin
- ₹50.00 CrEBITDA · 13% margin
- ₹133 CrPaid-up capital
- 116Employees (provident fund records)
- +15%Revenue CAGR, 3 years
- +15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Yapp India Automotive Systems Private Limited are on its company page.
Detailed financial statements for Veloxpay
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Frequently Asked Questions about Veloxpay
Veloxpay was founded in 2024.
Veloxpay is headquartered in Nigeria.
Wright Derek Peterz is the CEO of Veloxpay, as recorded in our data. They have also founded this company.
Veloxpay has 116 employees.
The primary company behind Veloxpay, Yapp India Automotive Systems Private Limited, reported revenue of ₹397 Cr for FY 2025, up 12% year on year.
Veloxpay offers cross-border payment solutions for businesses and individuals through offering financial products and advice, facilitating payment transactions, enabling international payments, 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.
Veloxpay operates through Yapp India Automotive Systems Private Limited.
The legal entities of Veloxpay currently have 4 directors, including Huazhu Chen, Yang Lin, Monica Shrikant Gehlot and others.