About Yuva Pay
Yuva Pay is a Financial Services company based in Udupi (India) founded in 2016 by Prashanth Naik. AI-based mobile payment solutions are provided for individuals. The company has 26 employees. Its chief executive, as recorded, is Prashanth Naik. Its Indian entity Udma Technologies Private Limited reported revenue of ₹29.4 Lakh. Its focus areas include FinTech, Payments, Business Payments and Agent Based Payments. Its competitors include Dvara KGFS, Kaleidofin and Spice Money; 3 of its 3 listed competitors have raised funding.
Company details
Yuva Pay was founded in 2016 in Udupi, India, as an AI-based mobile payment platform targeting individual users. Services encompass mobile recharges, data packs, DTH subscriptions, money transfers, and both online and offline transactions. QR code payments are enabled, with transaction history maintained for expenditure tracking. Operations are conducted via an Android application within the fintech sector.
- Headquarters Udupi, India
- Employees 26
- Founders Prashanth Naik
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website yuvapay.com
- Social LinkedIn X Facebook
- Legal Name Udma Technologies Private Limited
- Date of Incorporation 09 Jun, 2016
- Jurisdiction Udupi, Karnataka, India
- Annual Revenue₹29.4 Lakh
FY 2021 · +132% YoY
- Net Loss-₹1.59 Cr
FY 2021 · -542% margin
- EBITDA-₹1.34 Cr
FY 2021 · -457% margin
- InvestorsDIFC
& 1 more
- Employee Count26
Associated legal entities of Yuva Pay
Yuva Pay operates through Udma Technologies 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 |
|---|---|---|---|---|---|---|---|
| Udma Technologies Private Limited CIN U74999KA2016PTC093989 | Active | 09 Jun 2016 | Udupi, Karnataka | ₹0.3 Cr | 26 | 3 | View details |
Funding Insights of Yuva Pay
- Total Rounds 2
- Investors Count 2
All 2 funding rounds of Yuva Pay 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 |
|---|---|---|---|---|---|
| Dec 2022 | Seed | – | – | ||
| Sep 2022 | Seed | – | DIFC | – |
2 investors in total: 2 institutional.
Investors in Yuva Pay
Yuva Pay has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Innovatein48 and DIFC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Global financial centre promoting trade, investment, and innovation in Dubai. | 2004 | difc.ae | Dubai, United Arab Emirates |
Investor details for Yuva Pay
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Board of directors of Udma Technologies Private Limited (Yuva Pay)
Udma Technologies Private Limited is the primary company behind Yuva Pay. The board of Udma Technologies Private Limited currently have 3 directors; the longest-serving is Naik Shankar, appointed in 2016. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Naik Shankar DIN 07523936 | Director | 09 Jun 2016 | 10 yrs 5 mo | Udma Technologies Private Limited |
| Prashanth DIN 07524167 | Director | 09 Jun 2016 | 10 yrs 5 mo | Udma Technologies Private Limited |
| Pavan Anil Bakeri DIN 00640308 | Director | 25 Feb 2019 | 7 yrs 8 mo | Udma Technologies Private Limited |
People of Yuva Pay
1 people are tracked at Yuva Pay (1 in leadership); the tracked headcount is 26.
| Name | Role | Group |
|---|---|---|
Prashanth Naik | Founder & CEO | Leadership |
Complete people profiles for Yuva Pay
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Financials of Yuva Pay
Figures of Udma Technologies Private Limited, the primary company behind Yuva Pay, for FY 2021. Revenue was ₹29.4 Lakh (+132% year on year). Net loss was -₹1.59 Cr (-542% margin). EBITDA was -₹1.34 Cr (-457% margin). Revenue has grown at a compounded annual rate of +168% over three years.
- ₹29.4 LakhRevenue · FY 2021 · +132% YoY
- -₹1.59 CrNet loss · -542% margin
- -₹1.34 CrEBITDA · -457% margin
- ₹1.5 LakhPaid-up capital
- 26Employees (provident fund records)
- +168%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Udma Technologies Private Limited are on its company page.
Detailed financial statements for Yuva Pay
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Timeline of Yuva Pay
3 dated milestones of Yuva Pay across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Yuva Pay is founded.
- Funding First funding round.
- Funding Latest funding round, Seed,.
Competitors of Yuva Pay
Yuva Pay has 3 listed competitors in our database, 3 of them funded. They include Dvara KGFS, Kaleidofin and Spice Money.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dvarakgfs.com | 2008 | Chennai, India | $43.71M | 4,134 | Loans for consumers and SMEs are provided alongside financial services. | |
| kaleidofin.com | 2017 | Chennai, India | $47.39M | 141 | Provider of financial technology solutions for inclusive lending | |
| spicemoney.com | 2000 | Noida, India | $15.42M | 1,164 | Digital payment and banking service provider in rural areas |
Detailed competitors of Yuva Pay
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Web traffic of Yuva Pay
The website of Yuva Pay (yuvapay.com) receives about 1K visits a month.
- Monthly visits1K
▲ 30% vs previous month
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Yuva Pay (Payments & Remittance Platforms) in India, 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 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Yuva Pay
Complete news archive for Yuva Pay
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Frequently Asked Questions about Yuva Pay
Yuva Pay was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Yuva Pay is headquartered in Udupi, India. It is registered at Udupi, Karnataka, India.
Prashanth Naik is the CEO of Yuva Pay, as recorded in our data. They have also founded this company.
Yuva Pay has 26 employees.
The primary company behind Yuva Pay, Udma Technologies Private Limited, reported revenue of ₹29.4 Lakh for FY 2021, up 132% year on year.
Yuva Pay was founded in 2016 in Udupi, India, as an AI-based mobile payment platform targeting individual users. Services encompass mobile recharges, data packs, DTH subscriptions, money transfers, and both online and offline transactions. QR code payments are enabled, with transaction history maintained for expenditure tracking. Operations are conducted via an Android application within the fintech sector.
Yuva Pay's top competitors include Spice Money, Kaleidofin and Dvara KGFS.
Yuva Pay has 2 investors. Key investors include Innovatein48, and DIFC.
Yuva Pay operates through Udma Technologies Private Limited.
The legal entities of Yuva Pay currently have 3 directors, including Pavan Anil Bakeri, Naik Shankar, Prashanth.