SafexPay

paymentsmobile/digital walletp2p payments

FOUNDING YEAR: 2017
LOCATION: India
Last Update: 09/07/2020

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About

SafexPay is a white labelled mobile wallet service provider for consumers, merchants, banks and financial institutions across the globe. The payment gateway supports international cards and can be accessed via a link to collect payments through email, WhatsApp and social media platforms.

MEDICI Analysis

SafexPay is a white labelled mobile wallet service provider for consumers, merchants, banks and financial institutions across the globe. The payment gateway supports international cards and can be accessed via a link to collect payments through email, WhatsApp and social media platforms.

Focus

PRODUCTS & SERVICES

Online payment gateway and wallet platform: It offers solutions including recharge payment, risk management solution, payment gateway for mobile, website & apps, omni-payment processing platform, email, SMS, Facebook & WhatsApp payments, UPI solution, etc. Some of the other product offerings are advanced integration API for success ratios, dynamic currency conversion (DCC), push response technology, dynamic switching, retry options, advanced analytics, recurring payments, multiple currency options, omnichannel offering, e-wallet & m-commerce, etc. SafexPay aims to build digital payments businesses and platforms – encompassing payment gateways, payment aggregation (through a PSP setup), mobile wallets, white label solutions as well as to provide value-added services in the payments domain to consumers, merchants, banks and financial institutions across the globe.

REVENUE MODEL

Setup fees, Customisation fees, Licensee and Transaction fees

MAIN CLIENTS

Retail consumers

merchants

banks and financial institutions

PRIMARY PROBLEM SOLVED

building payment platform in India is not easy as people have limited knowledge . We have created payment platform for Companies and B2B merchants which can be WL/PL in less than 3 weeks.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

Traction

REVENUE

$100k - $499k

REVENUE COMMENT:

3000+ merchants

ACTIVE USERS:

1500000

People

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

Rupay R

American Express

Imps I

maestro. Pcidss

Lipi L

Visa V

masterCard M

COMMENT:

Team is coming with payment experience from various fintech companies,available for support 24*7 . Team helped to build scabale platform/

Momentum

FUNDED

NO

LISTED

NO

For Investors

FUNDING NEEDED:

$2 M

USES OF FUNDS RAISED:

1. Expansion,More Product Development

EXIT STRATEGY

bringing More number of merchants, Customers and Fintech Companies to do profitable business

MONTHS LEFT WITH CURRENT CASH BURN RATE:

40 months from 26 Nov, 2018

BASICS

FOUNDING YEAR:

2017

LOCATION:

India

Views:

231 VISITORS | 310 VIEWS
TOTAL EMPLOYEES
11-50

About

SafexPay is a white labelled mobile wallet service provider for consumers, merchants, banks and financial institutions across the globe. The payment gateway supports international cards and can be accessed via a link to collect payments through email, WhatsApp and social media platforms.

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

SafexPay is a white labelled mobile wallet service provider for consumers, merchants, banks and financial institutions across the globe. The payment gateway supports international cards and can be accessed via a link to collect payments through email, WhatsApp and social media platforms.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

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SafexPay

About

SafexPay is a white labelled mobile wallet service provider for consumers, merchants, banks and financial institutions across the globe. The payment gateway supports international cards and can be accessed via a link to collect payments through email, WhatsApp and social media platforms.

Focus

PRODUCTS & SERVICES

Online payment gateway wallet platform and Payout Platform: It offers solutions including recharge payment, risk management solution, payment gateway for mobile, website & apps, omni-payment processing platform, email, SMS, Facebook & WhatsApp payments, UPI solution, etc. Some of the other product offerings are advanced integration API for success ratios, dynamic currency conversion (DCC), push response technology, dynamic switching, retry options, advanced analytics, recurring payments, multiple currency options, omnichannel offering, e-wallet & m-commerce, etc. SafexPay aims to build digital payments businesses and platforms – encompassing payment gateways, payment aggregation (through a PSP setup), mobile wallets, white label solutions as well as to provide value-added services in the payments domain to consumers, merchants, banks and financial institutions across the globe.

REVENUE MODEL

Setup fees, Customisation fees, Licensee and Transaction fees

TOP PROBLEM SOLVED

building payment platform in India is not easy as people have limited knowledge . We have created payment platform for Companies and B2B merchants which can be WL/PL in less than 3 weeks.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

White label licensed based product

KEY DIFFERENTIATORS

No one offers WL platform in India , ability to White label in less than 3 weeks . various other value added features includes QR code , Mobile apps etc.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Enterprise - Others

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Small And Medium Business - Other

Consumer

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

Customer facing

STRATEGIC CLIENTS AND PARTNERSHIP

YESBANK : PG

Cashfree : WL PG

Paykyun : WL PG

People

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

CEO: RAVI GUPTA

employee: Rupay R

employee: American Express

employee: Imps I

employee: maestro. Pcidss

employee: Lipi L

employee: Visa V

employee: masterCard M

TEAM COMMENT:

Team is coming with payment experience from various fintech companies,available for support 24*7 . Team helped to build scabale platform/

Momentum

FUNDED

NO

TOTAL FUNDING:

$1 M

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed Jun 2016 --- USD1 M at a USD12.00valuation Comment on Seed HNI Investor