About Wibmo
Wibmo is a company based in Bengaluru (India) founded in 1999 was acquired by PayU in April 2019.. Wibmo has raised $2.58 million across 1 funding round from investors including PayU and Accel. The company has 588 employees as of September 30, 2022. Wibmo has completed 1 acquisition, including MyPoolin. Wibmo offers products and services including AREION PAYMENT GATEWAY, TOKEN HUB, TRIDENT FRM, and TRIDENTITY. Wibmo operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Bengaluru, India
- Employees 588 as on 30 Sep, 2022
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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 Wibmo Inc.
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Products & Services of Wibmo
Wibmo offers a comprehensive portfolio of products and services, including AREION PAYMENT GATEWAY, TOKEN HUB, TRIDENT FRM, and TRIDENTITY. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secure platform for processing financial transactions.
Service for multi-network tokenization of payments.
ML-based tool for real-time fraud prevention.
System for multi-factor payment verification.
Funding Insights of Wibmo
Wibmo has successfully raised a total of $2.58M through 1 strategic funding round. The most recent funding activity was a Series A round of $2.58 million completed in June 2009. 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 Total Funding
- Total Rounds 1
- Last Round Series A — $2.6M
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First Round
First Round
(16 Jun 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2009 | Amount | Series A - Wibmo | Valuation | Accel |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wibmo
Wibmo has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include PayU and Accel. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Online payment processing and credit solutions are provided for businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wibmo
Wibmo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MyPoolin. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform for money pooling
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wibmo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wibmo Comparisons
Competitors of Wibmo
Wibmo 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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Digital payments and engagement solutions are offered for MSMEs.
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wibmo
Frequently Asked Questions about Wibmo
When was Wibmo founded?
Wibmo was founded in 1999 and raised its 1st funding round 10 years after it was founded.
Where is Wibmo located?
Wibmo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Wibmo?
Suresh Rajagopalan is the current CEO of Wibmo.
Is Wibmo a funded company?
Wibmo is a funded company, having raised a total of $2.58M across 1 funding round to date. The company's 1st funding round was a Series A of $2.58M, raised on Jun 16, 2009.
How many employees does Wibmo have?
As of Sep 30, 2022, the latest employee count at Wibmo is 588.
What does Wibmo do?
Founded in 1999 and based in Bengaluru, India, Wibmo operates in the fintech sector. Hosted payment gateways are offered for accepting debitcredit cards, net banking, POS, and local methods. White-label mobile wallet apps are provided to banks, supporting card linking, fund transfers, QR code payments, and UPI. Additional services include prepaid cards, B2B payments, and riskfraud management for various clients.
What products or services does Wibmo offer?
Wibmo offers AREION PAYMENT GATEWAY, TOKEN HUB, TRIDENT FRM, and TRIDENTITY.
How many acquisitions has Wibmo made?
Wibmo has made 1 acquisition, including MyPoolin.
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