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Founded in 2010 Udio helps businesses deliver a delightful consumer experience by utilizing cutting-edge technology to create a flawless payments solution. As a leading digital payments enterprise, we aim to create the best payment experiences for Individuals, Corporates and Partner Merchants in a highly secure environment. Our specialisation spans across payment program management solutions which help corporates, consumers & merchants at large to engage in cash free transactions. By launching Udio, Indias first social wallet, we have simplified the process of sending/requesting money and gifts. The company is constantly at the forefront of digital innovations. The focus is to move the offline money transacting audience dealing with hard cash to a digital medium by providing speed, value and easy access, and provide the already online transacting audience with a seamless and secure social interactive payment ecosystem.
TranServ focuses on prepaid payments programme management, uses electronic banking and prepaid solutions to overcome payment bottlenecks for organisations and individuals.
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.
In consideration of the services provided by TranServ, the partner agrees to pay to TranServ the fees, charges and/or other sums as stipulated, in accordance with the respective plan chosen by the partner.
Retail Consumers,Corporates and Merchants
Micromax - To enable smartphone based native payments solution. RBL Bank - To offer VISA prepaid cards to its users.
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.
DATE OF LAST FUNDING
SERIES A · --- · May 2012
SERIES B · --- · Jul 2014
SERIES C · $15 M · Apr 2016
SERIES D · $6.68 M · Apr 2019
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