• FOUNDING YEAR: 2013
    LOCATION:
    India
    REGION:
    Maharashtra
    Last Update:
    9 Sep, 2019

Description

FOCUS

PRODUCTS & SERVICES:
P2P mobile payments app. Allows the customer to transfer money without requiring the recipient's bank details and the need to remember complex passwords.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Individuals looking for money transfer, online purchases and payment of bills and retail merchants.
EXISTING PARTNERSHIPS:
Merchants and banks like HDFC Bank, Bank of Baroda in order to provide its customers with 2 way payment facility, since non-partner banks can only receive payments.
COMMENT
Provides Instant fund transfer facilities, without requirement for any virtual accounts or intermediaries. It also helps the customer to split bills and pay for utilities.

PEOPLE

FOUNDERS:
Anoop Sankar, Sony Joy, Mohamed Galib, Lishoy Bhaskaran
Board Members and Advisors:
Sony Joy, Sanjay Vijayakumar
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Blume Ventures, Sequoia Capital, Uniqorn Ventures
KEY EMPLOYEES:
Anoop Shankar, Mohamed Galib, Lishoy Bhaskar

TRACTION

VALUATION / MARKET CAP:
$40 MM in 2015

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$6.5 Millions
SEED & PRIOR FUNDING:
$500 K
FUNDING SERIES:
SERIES A
$6 Millions Closed:
LISTED:
NO

LATEST RESEARCH