About XPayBack
XPayBack is a Technology company based in Singapore (Singapore) founded in 2017 by A B Cushbinshad. Payment and reward solutions are provided for consumers and businesses. It operates in the Technology and Financial Services sectors. XPayBack has raised $1 million across 1 funding round from investors including Tests Assured. Its Indian entity Xpayback Private Limited reported revenue of ₹1.30 Cr. XPayBack offers products and services including In-Store Cashback, E-commerce Cashback, Gift Voucher, Prepaid Card, and Deals. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Its competitors include YouTrip, FlexM and SeaMoney; 2 of its 3 listed competitors have raised funding.
Company details
XPayBack was founded in 2017 in Singapore. Operations focus on the fintech sector, where payment processing services are offered to both consumers and businesses. A reward management system is included to handle incentives. Platforms are provided for local merchants to offer promotions and discounts, supporting customer acquisition. The company operates primarily in the Asia-Pacific region through its online domain.
- Headquarters Singapore, Singapore
- Founders A B Cushbinshad
- SectorsTechnologyFinancial Services
- Website xpayback.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Xpayback Pte. Ltd.
- Date of Incorporation 18 May, 2022
- Indian entity revenue₹1.30 Cr
FY 2024 · -2% YoY
- Indian entity net loss-₹1.51 Cr
FY 2024 · -116% margin
- Indian entity EBITDA-₹1.34 Cr
FY 2024 · -103% margin
- Total Equity Funding$1M (USD)
in 1 rounds
- Latest Funding Round$1M (USD), Seed
Mar 2023
- Investors
Associated legal entities of XPayBack
XPayBack operates through Xpayback 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 |
|---|---|---|---|---|---|---|---|
| Xpayback Private Limited CIN U72900KL2022PTC075617 | Active | 18 May 2022 | Kanayannur, Kerala | ₹1.3 Cr | 5 | 5 | View details |
Products & Services of XPayBack
XPayBack offers a comprehensive portfolio of products and services, including In-Store Cashback, E-commerce Cashback, Gift Voucher, Prepaid Card, and Deals.
Offers cashback on purchases at partner retail stores
Provides cashback for online shopping transactions
Enables buying vouchers with increasing cashback over time
Guarantees cashback on all purchases using the card
Delivers unbeatable discounts on various categories
Apps and channels of XPayBack
XPayBack publishes 2 mobile apps with over 50K+ downloads; its YouTube channel XPayBack has 3.22K subscribers and 30 videos.
Videos from XPayBack
The most watched videos on XPayBack's YouTube channel, XPayBack (3.22K subscribers). Click a video to play it here.
More on XPayBack.
Funding Insights of XPayBack
XPayBack has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 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.
- Total Funding $1M
- Total Rounds 1
- Last Round Seed — $1M
- First Round $1M
(Mar 2023)
- Investors Count 1
All 1 funding rounds of XPayBack 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 |
|---|---|---|---|---|---|
| Mar 2023 | $1M | Seed | – | Tests Assured | – |
1 investors in total: 1 institutional.
Investors in XPayBack
XPayBack has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Tests Assured.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Offers quality assurance and custom development for AR, VR, and MR technologies. | 2019 | testsassured.com | San Jose, United States |
Investor details for XPayBack
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 Xpayback Private Limited (XPayBack)
Xpayback Private Limited is the primary company behind XPayBack. The board of Xpayback Private Limited currently have 5 directors; the longest-serving is Cushbinshad Ajantha Balakrishnan, appointed in 2022. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Cushbinshad Ajantha Balakrishnan DIN 06737839 | Director | 18 May 2022 | 4 yrs 5 mo | Xpayback Private Limited |
| Imadeddin Abdelgawad DIN 10043559 | Director | 24 Feb 2023 | 3 yrs 7 mo | Xpayback Private Limited |
| Dara Korn DIN 10042643 | Director | 24 Feb 2023 | 3 yrs 7 mo | Xpayback Private Limited |
| Sujesh Pulikkal DIN 10042648 | Director | 24 Feb 2023 | 3 yrs 7 mo | Xpayback Private Limited |
| Joseph Chacko DIN 09834255 | Director | 24 Feb 2023 | 3 yrs 7 mo | Xpayback Private Limited |
People of XPayBack
4 people are tracked at XPayBack (4 in leadership).
| Name | Role | Group |
|---|---|---|
A B Cushbinshad | Co-Founder | Leadership |
| Chief Strategic Board Advisor / Member - Xpayback (gtiv LLC / Imad Holdings LLC Portfolio Company) | Leadership | |
Isoldaa Mavis | Chief of Staff | Leadership |
Joseph C. | Chief Strategy Officer (CSO) | Leadership |
Complete people profiles for XPayBack
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 XPayBack
Figures of Xpayback Private Limited, the primary company behind XPayBack, for FY 2024. Revenue was ₹1.30 Cr (-2% year on year). Net loss was -₹1.51 Cr (-116% margin). EBITDA was -₹1.34 Cr (-103% margin).
- ₹1.30 CrRevenue · FY 2024 · -2% YoY
- -₹1.51 CrNet loss · -116% margin
- -₹1.34 CrEBITDA · -103% margin
- ₹2.5 LakhPaid-up capital
- 5Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Xpayback Private Limited are on its company page.
Detailed financial statements for XPayBack
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 XPayBack
2 dated milestones of XPayBack across 6 years, from founding to its latest funding, stage changes and deals.
- Founded XPayBack is founded.
- Funding First funding round of $1.0M.
Competitors of XPayBack
XPayBack has 3 listed competitors in our database, 2 of them funded. They include YouTrip, FlexM and SeaMoney.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| you.co | 2018 | Singapore | $105.5M | NFC-enabled travel cards and wallets are provided for travelers. | ||
| flexm.com | 2015 | Singapore | $13.37M | Expense management and bill payment solutions are offered to businesses. | ||
| seamoney.com | 2014 | Singapore | Provides digital wallets for individual users. |
Detailed competitors of XPayBack
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 XPayBack
The website of XPayBack (xpayback.com) receives about 1K visits a month.
- Monthly visits1K
▲ 1651.2% vs previous month
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Related news about Xpayback
Complete news archive for XPayBack
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- Full article archive
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- Older coverage
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Frequently Asked Questions about XPayBack
XPayBack was founded in 2017 and raised its 1st funding round 6 years after it was founded.
XPayBack is headquartered in Singapore, Singapore.
XPayBack is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Mar 2023.
The primary company behind XPayBack, Xpayback Private Limited, reported revenue of ₹1.30 Cr for FY 2024, down 2% year on year.
XPayBack was founded in 2017 in Singapore. Operations focus on the fintech sector, where payment processing services are offered to both consumers and businesses. A reward management system is included to handle incentives. Platforms are provided for local merchants to offer promotions and discounts, supporting customer acquisition. The company operates primarily in the Asia-Pacific region through its online domain.
XPayBack offers In-Store Cashback, E-commerce Cashback, Gift Voucher, Prepaid Card, and Deals.
XPayBack has 1 investor. Key investors include Tests Assured.
XPayBack operates through Xpayback Private Limited.
The legal entities of XPayBack currently have 5 directors, including Cushbinshad Ajantha Balakrishnan, Imadeddin Abdelgawad, Dara Korn and others.
Yes. XPayBack publishes XPayBack and 1 more app, with over 50,000 downloads.