Chillr

paymentsp2p payments

STATUS: Acquired/Merged
FOUNDING YEAR: 2013
LOCATION: India
Last Update: 10/07/2020

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About

Chillr is India's first multi-bank mobile banking application.

MEDICI Analysis

Chillr is a mobile app for P2P payments in India

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

The company as of now offer free services for P2P payments. It charges online merchants with 1.25% of transaction fee for receiving money and 2.75% for sending money.

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.

Traction

VALUATION / MARKET CAP:

$40 M in 2015

TRANSACTIONS VALUE:

15.00

People

BOARD MEMBERS AND ADVISORS

Sony Joy

Sanjay Vijayakumar

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Blume Ventures

InnoVen Capital

Sequoia Capital

Sequoia Capital India

Uniqorn Ventures

KEY EMPLOYEES:

Mohamed Galib

Lishoy Bhaskaran

Anoop Sankar

Sony Joy

Momentum

FUNDED

YES

TOTAL FUNDING

$7.5 M

DATE OF LAST FUNDING

Jan 2019

SEED & PRIOR FUNDING

$500 K

SEED CLOSED ON

Jan 2014

FUNDING SERIES

SERIES A  · $7 M  · Oct 2015

LISTED

NO

BASICS

STATUS:

Acquired/Merged

FOUNDING YEAR:

2013

LOCATION:

India

Views:

224 VISITORS | 385 VIEWS
LATEST FUNDING ROUND

$7.5 M

TOTAL EMPLOYEES
51-200

About

Chillr is India's first multi-bank mobile banking application.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Chillr is a mobile app for P2P payments in India

Focus+
Momentum+
Traction+
People+
Other+

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Chillr

About

Chillr is India's first multi-bank mobile banking application.

Focus

PRODUCTS & SERVICES

P2P mobile payments app

REVENUE MODEL

The company as of now offer free services for P2P payments. It charges online merchants with 1.25% of transaction fee for receiving money and 2.75% for sending money.

Momentum

FUNDED

YES

LISTED

NO