About xPay
xPay is a company based in San Francisco (United States) founded in 2024 by Aniket Gupta and Rakshit Bansal. It operates as a SaaS (Software-as-a-Service) and Commission-Based. xPay has raised $500 thousand across 1 funding round from investors including Y Combinator. xPay offers products and services including Billing Operations, Sales Tax Compliance, and Checkout Solution. xPay operates in a competitive market with competitors including Juspay, Zuora, PPRO, Spreedly and ZOOZ, among others.
- Headquarter San Francisco, United States
- Founders Aniket Gupta, Rakshit Bansal
- SectorsFinancial Services
- Website xpaycheckout.com
- Social LinkedIn
- Legal Name Payport Inc
- Date of Incorporation 08 Jan, 2024
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹21,769
FY 2024
- Net Profit₹1,309
FY 2024 · 6% margin
- EBITDA₹1,769
FY 2024 · 8% margin
- Total Equity Funding$500K (USD)
in 1 rounds
- Latest Funding Round$500K (USD), Seed
Feb 2024
- Investors
Associated legal entities of xPay
xPay operates through Spiggle Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Spiggle Technologies Private Limited CIN U62091KA2024PTC183246 | Active | 08 Jan 2024 | Bangalore, Karnataka | ₹0.0 Cr | – | 2 | View details |
Products & Services of xPay
xPay offers a comprehensive portfolio of products and services, including Billing Operations, Sales Tax Compliance, and Checkout Solution.
End-to-end billing processes are managed for global companies.
Sales tax is collected and remitted for clients.
Global payments are accepted in multiple currencies seamlessly.
Funding Insights of xPay
xPay has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in February 2024. 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 $500,000
- Total Rounds 1
- Last Round Seed — $500,000
- First Round $500,000
(Feb 2024)
- Investors Count 1
All 1 funding rounds of xPay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | $500,000 | Seed | – | Y Combinator | – |
1 investors in total: 1 institutional.
Investors in xPay
xPay has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States |
Investor details for xPay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Spiggle Technologies Private Limited (xPay)
Spiggle Technologies Private Limited is the primary company behind xPay. The board of Spiggle Technologies Private Limited currently have 2 directors; the longest-serving is Rakshit Bansal, appointed in 2024.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rakshit Bansal DIN 10439221 | Director | 08 Jan 2024 | 2 yrs 9 mo | Spiggle Technologies Private Limited |
| Aniket Gupta DIN 08752825 | Director | 08 Jan 2024 | 2 yrs 9 mo | Spiggle Technologies Private Limited |
People of xPay
2 people are tracked at xPay (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CTO | Leadership |
Complete people profiles for xPay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of xPay
Figures of Spiggle Technologies Private Limited, the primary company behind xPay, for FY 2024. Revenue was ₹21,769. Net profit was ₹1,309 (6% margin). EBITDA was ₹1,769 (8% margin).
- ₹21,769Revenue · FY 2024
- ₹1,309Net profit · 6% margin
- ₹1,769EBITDA · 8% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Spiggle Technologies Private Limited are on its company page.
Detailed financial statements for xPay
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.
Timeline of xPay
2 dated milestones of xPay, from founding to its latest funding, stage changes and deals.
- Founded xPay is founded.
- Funding First funding round of $500K.
Competitors of xPay
xPay 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 Juspay, Zuora, PPRO, Spreedly and ZOOZ, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| juspay.io | 2012 | Bengaluru, India | $88.01M | 1,061 | Payment orchestration, recurring payments, and checkout flow solutions are provided. | |
| zuora.com | 2007 | Redwood, United States | $242.53M | 689 | Cloud-based invoice and subscription management solutions for businesses | |
| ppro.com | 2006 | London, United Kingdom | $462.88M | 117 | Merchant acquiring and orchestration solutions are provided for payments. | |
| spreedly.com | 2007 | Durham, United States | $82.82M | 127 | Payment orchestration is facilitated for international transactions and analytics. | |
| zooz.com | 2010 | Tel Aviv, Israel | $39.5M | – | Cloud-based payment routing solutions are provided for business merchants. | |
| finmo.net | 2021 | Singapore | $27M | – | Payment orchestration solutions are provided for business and consumer transactions. | |
| apexx.global | 2015 | London, United Kingdom | $47.36M | 21 | Cross-border payment gateway solutions are provided for businesses. | |
| cellpointdigital.com | 2007 | London, United Kingdom | $68.95M | – | Digital payment orchestration for the travel, e-commerce, and gaming industry | |
| gr4vy.com | 2020 | San Mateo, United States | $27.2M | 4 | Cloud payment orchestration platform for businesses | |
| inai.io | 2021 | London, United Kingdom | $4.13M | 28 | Payment gateway solutions for businesses |
Detailed competitors of xPay
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.
Web traffic of xPay
The website of xPay (xpaycheckout.com) receives about 47.9K visits a month.
- Monthly visits47.9K
▲ 16.8% vs previous month
Websites whose visitors overlap most with xPay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| karboncard.com | 100% | 50.7K | #699,280 | View details | |
| xpay.life | 98% | 2.3K | #7,229,942 | View details | |
| stripe.com | 47% | 108.9M | #410 | View details | |
| xpay.app | 32% | 7.8K | #1,872,217 | View details |
Latest news on Xpay
Complete news archive for xPay
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to xPay
10 companies that operate in the same segment as xPay (Payments & Remittance Platforms), 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 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about xPay
xPay was founded in 2024.
xPay is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
xPay is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Feb 2024.
The primary company behind xPay, Spiggle Technologies Private Limited, reported revenue of ₹21,769 for FY 2024.
xPay is dedicated to supporting global software companies with comprehensive billing operations and sales tax compliance solutions. Services are offered across various sectors including SaaS, e-commerce, ed-tech, and travel. End-to-end processes such as invoicing, payment collection, and tax remittance are managed, particularly in complex markets like the US and EU. Additionally, a checkout solution is provided to accept payments in over 110 currencies from 150 countries. The platform is designed to facilitate international expansion without the need for local entities.
xPay offers Billing Operations, Sales Tax Compliance, and Checkout Solution.
xPay has 1 investor. Key investors include Y Combinator.
xPay operates through Spiggle Technologies Private Limited.
The legal entities of xPay currently have 2 directors, including Rakshit Bansal, Aniket Gupta.