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About

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.

MEDICI Analysis

TranServ focuses on prepaid payments programme management, uses electronic banking and prepaid solutions to overcome payment bottlenecks for organisations and individuals.

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

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.

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:

Faering Capital

Faering Capital.

IDFC SPICE Fund

Indiabulls Consumer Finance

Micromax Informatics

Nirvana Venture Advisors

Momentum

FUNDED

YES

TOTAL FUNDING

$21.68 M

DATE OF LAST FUNDING

Apr 2019

FUNDING SERIES

SERIES A  · ---  · May 2012

SERIES B  · ---  · Jul 2014

SERIES C  · $15 M  · Apr 2016

SERIES D  · $6.68 M  · Apr 2019

LISTED

NO

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