• FOUNDING YEAR: 2006
    LOCATION:
    India
    REGION:
    MH
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Mobile banking, Mobile payments, Mobile commerce, Mobile wallet, IMPS services for banks, Payment solutions for travel industry.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Small and Medium Businesses
EXISTING PARTNERSHIPS:
SyndicateBank, South Indian Bank, Dena Bank, Tamilnad Mercantile Bank Ltd, Lakshmi Vilas Bank, Pallavan Grama Bank, IndiGo, spiceJet, AVIS, ECO, Car Club, Jagruthi Cabs, ICICI Bank, Kotak, Corporation Bank, Union Bank of India, carzonrent, Andhra Bank, Saswad Tours&Travel, ORIX, WTI Travel&Rentals, Kesari, SOTC, Bank of Baroda, Bank of Ceylon, Bank of India, DCB Bank, DhanlaxmiBank, Federal Bank, IDBI Bank, Indian Overseas Bank, Induslnd Bank, ING VYSYA Bank, Karnataka Bank Ltd, Karur Vysya Bank, Oriental Bank of Commerce, Standard Chartered, TSYS, Vijaya Bank, Citizens Bank International Ltd
COMMENT
A B2C and B2B payments platform enabling banks and merchants to provide digital transaction services.

PEOPLE

FOUNDERS:
Ajay Adiseshann, Probir Roy
Board Members and Advisors:
Alex Kuruvilla, Dr. Safwan Shah, Ajay Adiseshann
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Kleiner, Perkins, Caufield & Byers, Mayfield Fund, Sherpalo Ventures, Lightbox

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$14 Million
FUNDING SERIES:
SERIES A
$5 Millions Closed: Jul 2006
SERIES B
$9 Millions Closed: Jun 2008
LISTED:
NO

LATEST RESEARCH