Traknpay

paymentssoftware/whitelabel/apis (payments)

FOUNDING YEAR: 2014
LOCATION: India
Last Update: 01/05/2020

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About

We provide payment solutions. We are more than a payment processor - we offer customized business-specific solutions for receivables and payables management. We have specific solutions for various businesses and business verticals such as P2P lending, event management, rental providers, ecommerce, etc. Industry/vertical specific customized payment solutions is our forte.

Focus

PRODUCTS & SERVICES

Payment services, integrated receivables and payables management suite, integrated invoicing, bulk/single invoicing, recurring billing, NACH account debits, escrow services, instant on-demand fund transfer (settlement) APIs, credit/debit card processing, netbanking access.

REVENUE MODEL

per-transaction charges, one-time setup charges and industry/vertical specific customization charges

PRIMARY PROBLEM SOLVED

We provide payment collection and disbursal services to businesses. Apart from solving payment collection problems, we also solve reconciliation and accounting problems.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

company provided insights

Traction

REVENUE

$0 - $99k

REVENUE COMMENT:

Though our gross profit is approximately 0.5% per transaction, with increasing partnerships and sales channels, not only will the revenue increase, but we also obtain concessions from downstream players on the basis of increasing volumes.

TRANSACTIONS VALUE:

70 K

TRANSACTIONS COMMENT:

We get to keep a commission on every transaction that flows through our system.

ACTIVE USERS:

1000+

ACTIVE USERS COMMENT:

The number of unique users is greater than 1000 and is growing by 20% month on month.

People

FOUNDERS

Muralidhar Nutakki

COMMENT:

We have the right mix of business acumen,technical competence. Unlike most other startups, we have a great mix of experience,fresh talent. The founding team has over 65+ man-years of cumulative experience, ranging from 24 years to 2 years. The technical firepower that our team packs is immense,,enables us to perform massive tasks with extremely short turnaround times, which would be impossible for our competitors.

Momentum

FUNDED

NO

LISTED

NO

For Investors

FUNDING NEEDED:

$1 M

USES OF FUNDS RAISED:

1. Sales and marketing events

2. Sales and marketing staff

3. Technology improvements

4. Fraud/Risk monitoring programs

5. Banker's lien and other regulatory/compliance activities

EXIT STRATEGY

Significant chances of an IPO in 5-6 years of operations. Possibilities of an acquisition by larger players in the Financial service ecosystem are also high.

MONTHS LEFT WITH CURRENT CASH BURN RATE:

8 months from 28 Jun, 2016

COMPETITORS:

PayU Payments

Razorpay

instamojo

BASICS

FOUNDING YEAR:

2014

LOCATION:

India

Views:

77 VISITORS | 134 VIEWS

About

We provide payment solutions. We are more than a payment processor - we offer customized business-specific solutions for receivables and payables management. We have specific solutions for various businesses and business verticals such as P2P lending, event management, rental providers, ecommerce, etc. Industry/vertical specific customized payment solutions is our forte.

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Traknpay

About

We provide payment solutions. We are more than a payment processor - we offer customized business-specific solutions for receivables and payables management. We have specific solutions for various businesses and business verticals such as P2P lending, event management, rental providers, ecommerce, etc. Industry/vertical specific customized payment solutions is our forte.

Focus

PRODUCTS & SERVICES

Payment services, integrated receivables and payables management suite, integrated invoicing, bulk/single invoicing, recurring billing, NACH account debits, escrow services, instant on-demand fund transfer (settlement) APIs, credit/debit card processing, netbanking access.

REVENUE MODEL

per-transaction charges, one-time setup charges and industry/vertical specific customization charges

TOP PROBLEM SOLVED

We provide payment collection and disbursal services to businesses. Apart from solving payment collection problems, we also solve reconciliation and accounting problems.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

We have an integrated cloud-based solution suite for payment collection services. It is more than a payment gateway or a payment processor. We offer a complete solution suite for integrated receivables and payables management.

KEY DIFFERENTIATORS

Split payments/settlements, integrated mobile/web invoicing, recurring/metered billing, NACH auto-debits, integrated NEFT/RTGS transfers with virtual account numbers, widest range of netbanking options in India (98), and much more.

PRIMARY CUSTOMER TYPE

Enterprise - Retailers

Enterprise - Others

Small and Medium Business - Online Retail

STRATEGIC CLIENTS AND PARTNERSHIP

HDFC Bank Limited : Acquirer

ICICI Bank Limited : Nodal/Escrow services, virtual accounts, NACH

Ennovata Sales and Services : Outsourced sales and marketing

People

FOUNDERS

Muralidhar Nutakki

KEY EMPLOYEES:

CEO, FOUNDER: Muralidhar Nutakki

CTO: Karmendra Suthar

COO: Jishnu Pillai

CRO: Vinay Chandrakant

TEAM COMMENT:

We have the right mix of business acumen,technical competence. Unlike most other startups, we have a great mix of experience,fresh talent. The founding team has over 65+ man-years of cumulative experience, ranging from 24 years to 2 years. The technical firepower that our team packs is immense,,enables us to perform massive tasks with extremely short turnaround times, which would be impossible for our competitors.

Momentum

FUNDED

NO

TOTAL FUNDING:

$220 K

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed Feb 2016 --- USD220 K at a USD3 Mvaluation Comment on Seed Part of this fund was raised from friends and family. Part of it was raised from serial entrepreneurs.