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About

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

BASICS

FOUNDING YEAR:

2011

LOCATION:

India

Views:

186 VISITORS | 337 VIEWS
LATEST FUNDING ROUND

$21.7 M

TOTAL EMPLOYEES
11-50

About

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

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!

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