• FOUNDING YEAR: 2011
    LOCATION:
    India
    REGION:
    Maharashtra
    Last Update:
    9 Sep, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Udio - a social wallet which simplifies the process of sending/requesting money and gifts. Udio Biz - all-inclusive payment platform which comprises seller administration, consumer engagement, reward management, loyalty for businesses. TranServ aims at making social transactions such as splitting bills, sending/requesting money, and group payments easy & secure.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail Consumers,Corporates and Merchants
EXISTING PARTNERSHIPS:
Micromax - To enable smartphone based native payments solution. RBL Bank - To offer VISA prepaid cards to its users.
COMMENT
TranServ's wallet is interactive just like a social medium platform, while wallet users can engage with each other through social transactions such as splitting bills, sending/requesting money, and group payments.

PEOPLE

FOUNDERS:
Aditya Gupta, Anish Williams, Sandeep Ghule
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
IDFC SPICE Fund, Micromax Informatics, Faering Capital.

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$15 Million
DATE OF LAST FUNDING:
Apr 2016
FUNDING SERIES:
SERIES A
ljglkqqxnpczzbtdmavq Closed: May 2012
SERIES B
guvnhmdxewvjl jmswjedhitrvbnxpqnz hno lcuhk Closed: Jul 2014
SERIES C
$15 Million Closed: Apr 2016
LISTED:
NO

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