Company lists
The Chennai edition · 2026

Paymentscompanies in Chennai

Bill & consumer payments, gateways & acquirers, business payments, POS, banking APIs and more: the companies building payments in Chennai, Tamil Nadu, with their founders, funding, team size and business models.

71 company profiles24 with reported revenue14 with recorded fundingOctober 2026 edition
Chennai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent payments business events in India

Funding, M&A, contract wins and launches involving 2,854 payments companies in India, last 24 months: 75 M&A deals · 62 Contracts · 57 funding rounds · 40 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

FundingSeries Funding

Paytm

Digital payments major Paytm is looking at raising another round of funding of $1 billion, and is in discussion with multiple investors, including former UK Prime Minister David Cameron,…

Investors David Cameron
Digital payments
M&AAcquisition · Completed

Elevation capital acquires One97 communications

Elevation Capital V Limited has made a sale of equity shares of One97 Communications Limited (parent company of PayTM) on the NSE and BSE for an aggregate consideration of ₹963.6 crore.

M&AAcquisition · Completed

Ran Ventures acquires Zaggle

RAN Ventures purchased 1 Lakh equity shares of Zaggle from the open market on May 18, taking its stake in the company to 44.23% from 44.15%.

Fintech SaaS
M&AAcquisition · Announced

Zaggle Prepaid Ocean Services acquires Dice

Zaggle Prepaid Ocean Services Ltd, a spend management solutions company, has said that its board has approved the transaction structure for the strategic acquisition of DICE. Zaggle has…

AI Spend Management Platform
M&AAcquisition · Completed

Pine labs acquires Shopflo Technologies

Obhan Mason, a leading law firm, was lead legal counsel to Pine Labs, a leading merchant commerce platform, on its acquisition of Shopflo Technologies, a SaaS-based online checkout…

SaaS-based online checkout platform
M&AAcquisition · Announced

Pine labs acquires Shopflo

Pine Labs’ ₹88 crore acquisition of Shopflo

Fintech
LaunchIntegration with Banking Connect

Decentro

Decentro is ready to launch its integration with Banking Connect—the netbanking payment framework offered by NPCI Bharat BillPay Ltd— designed to simplify netbanking workflows while…

Netbanking payment integration
ContractService

Zaggle Prepaid Ocean Services · client: Generali Central Insurance Company

Generali Central Insurance Company will now have access to the Zaggle Zoyer platform, thanks to an arrangement announced by Zaggle Prepaid Ocean Services.

Spend management
LaunchPayment Aggregator

Cred

Recently, CRED received a nod from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA), enabling the company to onboard merchants, collect payments on their behalf…

Payment service
Funding

M-pesa

Vodacom has invested $28m to upgrade technology for its M-Pesa platform in Tanzania.

Investors Vodacom
Fintech (Mobile Money)
M&AAcquisition · Announced

BLS E-Services acquires Atyati technologies

BLS E-Services on Monday said it will acquire a 100 per cent stake in Atyati Technologies for Rs 154 crore.

Technology platforms for financial inclusion
Funding

Sign3

Gurugram-based fraud intelligence startup Sign3 has raised $1.5 million in a funding round led by early-stage venture firm Cedar Hill Capital.

Investors Cedar Hill Capital, Smile group, Rajesh Sawhney, Dinesh Agarwal
Fraud detection / Financial technology
ContractService

Experience commerce · client: Fiat Payments

Experience Commerce, a full-service digital marketing agency and part of the Cheil SWA Group, has secured the annual social media mandate for Fiat Payments Private Limited (FiatPe)…

Digital marketing
ContractService

Vakrangee · client: Bajaj General Insurance Limited

Mumbai-based software player and white-label ATM operator Vakrangee Ltd on Saturday said it has entered into a corporate agency arrangement with Bajaj General Insurance Limited to…

Insurance
Funding

Scapia

Scapia, a Bengaluru-based travel fintech that issues co-branded credit cards, is in talks to raise US$50‑60 million in a round led by US VC General Catalyst, people familiar with the…

Fintech
ContractInfrastructure

Cowrks · client: Cashfree payments

New Delhi: Real estate firm COWRKS, which provides managed office spaces, has leased 80,000 sq ft area in Bengaluru to Cashfree Payments.

Real Estate
LaunchWorld’s First Agent Studio

Razorpay

Razorpay announced the launch of the “World’s First Agent Studio”, built using the Claude Agent SDK from Anthropic, at Razorpay’s flagship event, FTX’2026, in India on 12 March 2026.

B2B agent marketplace and builder platform
LaunchNGAGE for Enterprises

Comviva

Comviva has announced the launch of NGAGE for Enterprises, a next-generation communications platform as-a-service (CPaaS) platform designed to help enterprises deliver seamless, secure,…

Communications platform as a service (CPaaS)
Funding

Innoviti

Another notable deal came from fintech startup Innoviti, which secured $11.4 million in funding from investors including Bessemer Venture Partners, along with several angel investors and…

Investors Bessemer venture partners, Several angel investors, Family offices
Fintech
FundingDebt

Mintoak

Merchant SaaS platform Mintoak is set to raise Rs 80 crore in debt from BlackSoil to fund the acquisition of Dubai-based customer loyalty management platform Innovative Consumer Concepts…

Investors Blacksoil
Merchant SaaS platform
FundingSeries M

Innoviti

Fintech soonicorn Innoviti has closed its Series M funding round at ₹104 Cr ($11.4 Mn).

Investors Bessemer venture partners, Ola Electric backer Ashutosh Joshi, Arihant Patni of Patni Family Office, JuliaHub cofounder Deepak Vinchhi
Fintech
Funding

Xflow

Notably, earlier this week, General Catalyst also led a $16.6 million funding round in B2B cross-border payments startup Xflow.

B2B cross-border payments
LaunchJioFinance

Jio financial services

Jio Financial Services Ltd on Friday launched an online marketplace for financial products through its new app JioFinance.

Online Marketplace for Financial Services
M&AAcquisition · Announced

Billdesk acquires Worldline India business

Mumbai-headquartered digital payments processor Billdesk is set to acquire the India business of French payments giant Worldline for an estimated equity value of $70 million.

Payments
FundingSeed

Reload

Reload, an innovative AI workforce management platform, has secured $2.275 million in seed funding while unveiling its flagship product, Epic.

AI Workforce Management
Funding

Tonetag

Bengaluru-based Tonetag, a deeptech startup which focusses on sound-based payment systems, has raised Rs 35.16 crore ($3.8 million) from Qualcomm Ventures, according to documents…

Payments
M&AAcquisition · Announced

BLS E-Services acquires Atyati technologies

BLS E-Services Limited (BLSe), a digital service provider to governments and financial institutions, has signed a binding term sheet to acquire a 100% equity stake in Atyati Technologies…

Financial Inclusion Technology
LaunchUnified Digital Distribution Management System

Comviva

Comviva, the global leader in customer experience and data monetization solutions, today announced the launch of its next-generation Digital Distribution Management System for channel…

Digital Distribution Management System
FundingSeries D Follow-on

Juspay

Bengaluru-based payments infrastructure firm Juspay has secured $50 million in a Series D follow-on round led by WestBridge Capital, valuing the company at $1.2 billion.

Payments infrastructure
FundingSeries C

Xoxoday

Xoxoday, a global rewards, incentives, and Loyalty technology company, has raised a Series C round backed by its existing investors – Apis Partners & 57 Stars, marking a key milestone as…

Rewards, Incentives & Loyalty technology

Payments companies in Chennai, by revenue

Browse payments companies in Chennai by reported revenue, one-year revenue growth, revenue model, age and stage. The 24 companies below are the largest by their most recent reported revenue among 24 payments companies in Chennai, Tamil Nadu that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 24 of 24

Diversified payment acceptance solution for businesses

Payments
₹1,475.12 crFY 2024-25
+25%2024–2025
65+3% 12 mo to Sep 2024LinkedIn · Oct 2026
17 yr2009
0none in 3 months · last posted Jul 2026

Provider of payment technology solutions for card issuance and management

Payments
₹894.66 crFY 2024-25
-9%2024–2025
3,153LinkedIn · Oct 2026
35 yr1991
0none in 3 months

Provider of APIs enabling banking, lending, and payment financial services

Payments
₹530.85 crFY 2024-25
+36%2024–2025
1,418+17% 12 mo to Sep 2024LinkedIn · Oct 2026
12 yr2014
0none in 3 months · last posted Jun 2026

Online platform providing tools for comparing and applying for financial products

Banking tech
₹254.37 crFY 2024-25
Not reported
685-12% 12 mo to Jul 2024LinkedIn · Oct 2026
18 yr2008
1postings · last posted Aug 2026

B2B service provider offering a range of digital payment solutions

Payments
₹72.39 crFY 2024-25
+309%2024–2025
—Not available
7 yr2019
0none in 3 months

Merchant acquirer payment processing solutions for businesses

Banking tech
₹56.25 crFY 2024-25
+67%2024–2025
120+12% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months

ATM and payment processing software solutions

Banking tech
₹15.57 crFY 2024-25
-10%2024–2025
294-20% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Payment acceptance solution for businesses using QR codes and UPIs

Payments
₹12.99 crFY 2024-25
-28%2024–2025
306-52% 12 mo to Sep 2024LinkedIn · Oct 2026
6 yr2020
0none in 3 months · last posted Apr 2026

Provider of payment solutions, digital transformation, and e-commerce integration

Payments
₹9.31 crFY 2024-25
+105%2024–2025
110LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Jul 2026

Payments and bill management app

Payments
₹8.09 crFY 2024-25
-11%2024–2025
61-12% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
0none in 3 months

Provider of payment processing and risk management solutions

Payments
₹5.87 crFY 2024-25
+61%2024–2025
110+195% 12 mo to Aug 2024LinkedIn · Jul 2026
7 yr2019
2postings · last posted Sep 2026

Platform offering payment infrastructure solutions for banks, fintechs, and businesses with tailored APIs

Payments
₹4.41 crFY 2024-25
+140%2024–2025
—Not available
3 yr2023
0none in 3 months

Provider of platform for digital coupons

Payments
₹4.09 crFY 2024-25
Not reported
29LinkedIn · Oct 2026
15 yr2011
0none in 3 months

Payment gateway & POS solutions

Payments
₹2.76 crFY 2024-25
+175%2024–2025
21-9% 12 mo to Aug 2024recorded Aug 2024
8 yr2018
0none in 3 months

Provider of payment gateway services with flat pricing and UPI solutions

Payments
₹2.29 crFY 2024-25
+5%2024–2025
16LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Wallet-based payment solutions

Payments
₹89.23 lakhFY 2021-22
Not reported
—Not available
7 yr2019
—No postings tracked

Provider of online payment solutions for cable TV industry

Payments
₹97.43 lakhFY 2024-25
+45%2024–2025
—Not available
9 yr2017
0none in 3 months

Digital payments and online checkout solutions

E-commerce enablers
₹57.85 lakhFY 2024-25
-11%2024–2025
9LinkedIn · Jul 2026
13 yr2013
0none in 3 months · last posted Jun 2026

Provider of POS solutions for retail businesses

In store retail tech
₹33.96 lakhFY 2024-25
+56%2024–2025
—Not available
13 yr2013
0none in 3 months

Provider of online payment solutions for businesses

Payments
₹32.64 lakhFY 2024-25
-59%2024–2025
—Not available
5 yr2021
0none in 3 months

Payment gateway comparision platform for businesses

Payments
₹28.00 lakhFY 2024-25
+64%2024–2025
15LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of small-group garden tours in Britain

Payments
₹7.76 lakhFY 2024-25
-11%2024–2025
13LinkedIn · Jul 2026
21 yr2005
0none in 3 months

App-based platform for utility bill payments

Payments
₹2.97 lakhFY 2023-24
Not reported
12LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Payment processing solution for consumers and businesses

Payments
₹0.17 lakhFY 2024-25
+191%2024–2025
64LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jun 2026
24 of 71 companies shown here · the full list is on Radar
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  • Every company, not just 50All 71 payments companies in Chennai, filterable by stage, funding, team size, revenue model and age.
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Explore payments companies in Chennai by what you are looking for

Find payments companies in Chennai, from payment gateways and merchant acquirers to bill payment apps and POS providers. Compare payments startups in Chennai and the top payments companies by category.

7 ways to explore payments in Chennai

Bill payment & consumer payment appsPayment gateways & merchant acquirersBusiness payments & payoutsPOS & in-store payment terminalsBanking APIs, open banking & fintech infrastructurePayments startups in Chennai

Bill payment & consumer payment apps

Apps and wallets for paying utility bills and sending money online.

  1. Sling Wallet

    Payments and bill management app

    Payments
    See in list
  2. Komparify

    Provider of platform for digital coupons

    Payments
    See in list
  3. Nexdha

    Wallet-based payment solutions

    Payments
    See in list
  4. Ezee Pay

    App-based platform for utility bill payments

    Payments
    See in list
  5. iCashcard

    Provider of integrated logistics and supply chain solutions

    Payments
    Website

Payment gateways & merchant acquirers

Payment gateways and acquirers that let businesses accept online and card payments.

  1. FSS

    Provider of payment technology solutions for card issuance and management

    Payments
    See in list
  2. PAYBIZ

    B2B service provider offering a range of digital payment solutions

    Payments
    See in list
  3. CredoPay

    Merchant acquirer payment processing solutions for businesses

    Banking tech
    See in list
  4. CashLink Global Systems

    ATM and payment processing software solutions

    Banking tech
    See in list
  5. IppoPay

    Payment acceptance solution for businesses using QR codes and UPIs

    Payments
    See in list

Business payments & payouts

B2B payment, invoice payment and mass payout solutions for companies.

  1. IppoPay

    Payment acceptance solution for businesses using QR codes and UPIs

    Payments
    See in list
  2. YAP from M2P Solutions

    At M2P we are having a re-look at why tens of millions don’t have access to digital payments?, why merchants are reluctant to adopt?

    Payments
    Website
  3. Intellect Digital Technology for Commerce

    Provider of end-to-end commerce solutions with a focus on the corporate procurement ecosystem

    Finance & accounting tech
    Website
  4. Cybersleekindus

    Provider of payment solutions, including current accounts and API banking

    Payments
    Website
  5. PAYBIZ

    B2B service provider offering a range of digital payment solutions

    Payments
    See in list
37 companies in Chennai

POS & in-store payment terminals

Point-of-sale software and card terminals for shops and restaurants.

  1. BeWo Techno

    Hardware and software-based terminal for the rural financial market

    Payments
    Website
  2. Uth Software

    Provider of POS solutions for retail businesses

    In store retail tech
    See in list
  3. At Money

    NFC-based payment terminal

    In store retail tech
    Website
  4. Sivrapos

    PoS software for invoicing

    In store retail tech
    Website
  5. Chennai POS

    Platform offering POS solutions for businesses

    Payments
    Website

Banking APIs, open banking & fintech infrastructure

Companies providing banking APIs, card issuing and lending infrastructure.

  1. M2P Fintech

    Provider of APIs enabling banking, lending, and payment financial services

    Payments
    See in list
  2. BankBazaar

    Online platform providing tools for comparing and applying for financial products

    Banking tech
    See in list
  3. CashLink Global Systems

    ATM and payment processing software solutions

    Banking tech
    See in list
  4. Hypto

    Tech infrastructure for developers to power new financial use-cases

    Payments
    Website
  5. Backspace Tech

    Developer of unified dispute management software for payment processing

    Payments
    Website

Payments startups in Chennai

Newer payments and fintech companies founded in recent years.

  1. PeLocal

    Provider of payment solutions, digital transformation, and e-commerce integration

    Payments
    See in list
  2. TechFini

    Platform offering payment infrastructure solutions for banks, fintechs, and businesses with tailored APIs

    Payments
    See in list
  3. Payout Fintech

    Provider of online payment solutions for businesses

    Payments
    See in list
  4. IppoStack

    Banking API solutions for financial instituions

    Payments
    Website
  5. ZustPe

    Agent-enabled bill payment solution provider

    Payments
    Website
18 companies in Chennai

Payments companies hiring in Chennai

Payments companies in Chennai with open jobs right now.

  1. CAMSPay

    Diversified payment acceptance solution for businesses

    Payments
    See in list
  2. M2P Fintech

    Provider of APIs enabling banking, lending, and payment financial services

    Payments
    See in list
  3. BankBazaar

    Online platform providing tools for comparing and applying for financial products

    Banking tech
    See in list
  4. IppoPay

    Payment acceptance solution for businesses using QR codes and UPIs

    Payments
    See in list
  5. PeLocal

    Provider of payment solutions, digital transformation, and e-commerce integration

    Payments
    See in list
11 companies in Chennai
Mobile reach

Top 10 payments apps from Chennai

The most-installed Android apps published by payments companies headquartered in Chennai — 15.8M installs between them. 15 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Credit Score & Credit Cards

by BankBazaar

Installs14.0M
Rating4.42145K ratings
Installs, year on year+9%
Last updatedMay 2026
View on Google Play ↗
Credit Score & Credit Cards screenshot 1Credit Score & Credit Cards screenshot 2Credit Score & Credit Cards screenshot 3Credit Score & Credit Cards screenshot 4Credit Score & Credit Cards screenshot 5Credit Score & Credit Cards screenshot 6
2

Recharge using All Wallets

by Komparify

Installs1.2M
Rating3.1415K ratings
Last updatedFeb 2025
View on Google Play ↗
Recharge using All Wallets screenshot 1Recharge using All Wallets screenshot 2Recharge using All Wallets screenshot 3Recharge using All Wallets screenshot 4Recharge using All Wallets screenshot 5Recharge using All Wallets screenshot 6
3

IppoPay for Stores

by IppoPay

Installs446K
Rating—
Last updatedMay 2026
View on Google Play ↗
IppoPay for Stores screenshot 1IppoPay for Stores screenshot 2IppoPay for Stores screenshot 3IppoPay for Stores screenshot 4IppoPay for Stores screenshot 5IppoPay for Stores screenshot 6
4

Machpay: Bills & Payments.

by Nexdha

Installs83K
Rating—
Last updatedMar 2026
View on Google Play ↗
Machpay: Bills & Payments. screenshot 1Machpay: Bills & Payments. screenshot 2Machpay: Bills & Payments. screenshot 3Machpay: Bills & Payments. screenshot 4Machpay: Bills & Payments. screenshot 5Machpay: Bills & Payments. screenshot 6
5

PayRupe - AEPS,DMT,UPI etc

by Rupenet

Installs29K
Rating—
Last updatedJun 2026
View on Google Play ↗
PayRupe - AEPS,DMT,UPI etc screenshot 1PayRupe - AEPS,DMT,UPI etc screenshot 2PayRupe - AEPS,DMT,UPI etc screenshot 3PayRupe - AEPS,DMT,UPI etc screenshot 4PayRupe - AEPS,DMT,UPI etc screenshot 5
6

CAMSPay mNACH

by CAMSPay

Installs14K
Rating—
Last updatedApr 2026
View on Google Play ↗
CAMSPay mNACH screenshot 1CAMSPay mNACH screenshot 2CAMSPay mNACH screenshot 3CAMSPay mNACH screenshot 4CAMSPay mNACH screenshot 5CAMSPay mNACH screenshot 6
The business behind the activity

Payments financials in Chennai

Revenue, profit and growth from the filed annual accounts of 24 payments companies in Chennai, Tamil Nadu for FY24-25 — 30 of the 71 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 96% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹2,941.14 cr

24 companies filing accounts

combined net profit₹218.87 cr

7.4% aggregate margin

are profitable50%

12 of 24 companies

median revenue~₹6.2 cr

the typical company

median revenue growth+16%

into FY24-25

earned by the top five96%

revenue concentration

Six-year view

Combined revenue of filing companies

₹904.27 crFY19-2013 filers
₹926.42 crFY20-2119 filers
₹1,359.11 crFY21-2222 filers
₹1,933.05 crFY22-2325 filers
₹2,551.79 crFY23-2425 filers
₹2,941.14 crFY24-2524 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 20 companies over three years

+5%
FY22-23₹1,900.05 cr₹238.86 cr net
FY23-24₹1,576.55 cr₹124.23 cr net
FY24-25₹1,995.63 cr₹178.54 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr729% profitable
₹1–10 cr956% profitable
₹10–100 cr475% profitable
₹100–1,000 cr333% profitable
Over ₹1,000 cr1100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking9
0–20%2
20–50%2
50–100%4
Doubled+5

22 companies with accounts for both years; median growth +16%.

Profitability

Profit is concentrated at the top

12profitable
12loss-making
7.4%aggregate margin
-1.9%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
PAYBIZPAYBIZ TECHNOLOGIES INDIA PRIVATE LIMITED+309%₹72.39 cr
BankBazaarA&A DUKAAN FINANCIAL SERVICES PRIVATE LIMITED+35%₹254.37 cr
CAMSPayCOMPUTER AGE MANAGEMENT SERVICES LIMITED+27%₹1,375.45 cr
M2P FintechM2P SOLUTIONS PRIVATE LIMITED+3%₹224.36 cr
FSSFINANCIAL SOFTWARE AND SYSTEMS PRIVATE LIMITED-9%₹885.07 cr
CashLink Global SystemsCASHLINK GLOBAL SYSTEMS PRIVATE LIMITED-10%₹15.57 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
CAMSPayCOMPUTER AGE MANAGEMENT SERVICES LIMITED32.1%₹1,375.45 cr
CredoPayCREDOPAY TECHNOLOGY SERVICES PRIVATE LIMITED6.4%₹49.19 cr
CashLink Global SystemsCASHLINK GLOBAL SYSTEMS PRIVATE LIMITED4.9%₹15.57 cr
FSSFINANCIAL SOFTWARE AND SYSTEMS PRIVATE LIMITED4.3%₹885.07 cr
PAYBIZPAYBIZ TECHNOLOGIES INDIA PRIVATE LIMITED0.5%₹72.39 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Payments19₹2,621.09 cr~₹5.9 cr47%9.1%
Leaders

Largest payments companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
CAMSPayCOMPUTER AGE MANAGEMENT SERVICES LIMITED₹1,375.45 cr₹441.02 cr32.1%+27%
FSSFINANCIAL SOFTWARE AND SYSTEMS PRIVATE LIMITED₹885.07 cr₹37.77 cr4.3%-9%
BankBazaarA&A DUKAAN FINANCIAL SERVICES PRIVATE LIMITED₹254.37 cr−₹23.29 cr-9.2%+35%
M2P FintechM2P SOLUTIONS PRIVATE LIMITED₹224.36 cr−₹205.92 cr-91.8%+3%
PAYBIZPAYBIZ TECHNOLOGIES INDIA PRIVATE LIMITED₹72.39 cr₹33.48 lakh0.5%+309%
CredoPayCREDOPAY TECHNOLOGY SERVICES PRIVATE LIMITED₹49.19 cr₹3.16 cr6.4%—
CashLink Global SystemsCASHLINK GLOBAL SYSTEMS PRIVATE LIMITED₹15.57 cr₹75.97 lakh4.9%-10%
IppoPayIPPOPAY TECHNOLOGIES PRIVATE LIMITED₹12.99 cr−₹30.94 cr-238.1%-28%
PeLocalPELOCAL FINTECH PRIVATE LIMITED₹9.31 cr−₹1.85 cr-19.9%+105%
Sling WalletAARA TECH PRIVATE LIMITED₹8.09 cr₹1.83 lakh0.2%-11%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

AdTech Industry Landscape of Chennai

The financials above are one chapter. The full payments landscape of Chennai maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the payments landscape of Chennai
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Payments funding and M&A across India

903 recorded equity rounds have gone to 2,854 payments companies in India — how much, at which stage, into which sub-sectors, from whom, and how Chennai compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months17

US$150.28m

equity rounds, last 24 months60

US$640.20m

raised over five yearsUS$5.51bn

373 rounds in India

M&A deals, India75

last 24 months

Capital by year

Equity funding into payments in India

amount rounds
$600m201854
$1.4bn201973
$1.0bn202090
$2.9bn2021125
$930m202292
$825m202350
$245m202453
$479m202541
$128m202612

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$2.90bn across 125 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$24.49m48 rounds · median US$182k
SeedUS$310.62m184 rounds · median US$871k
Series AUS$531.68m48 rounds · median US$7.44m
Series BUS$371.75m31 rounds · median US$5.00m
Series CUS$460.67m17 rounds · median US$21.63m
Series D+US$3.79bn43 rounds · median US$22.26m
Where the money went · five years

Most-funded sub-sectors

PaymentsUS$4.90bn273 rounds · 124 companies
Banking techUS$241.06m29 rounds · 15 companies
HrtechUS$130.69m11 rounds · 4 companies
In store retail techUS$123.55m10 rounds · 2 companies
Digital remittanceUS$38.20m5 rounds · 3 companies
Finance & accounting techUS$25.16m7 rounds · 3 companies
Higher education techUS$18.27m4 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

68Acquisition
7Merger

Most active acquirers

  1. Zaggle Prepaid Ocean Services23
  2. BLS E-Services4
  3. Digispice technologies4
  4. Payu4
  5. Jio financial services4

Most acquired or merged

  1. One97 communications5
  2. Mobileware technologies4
  3. Na3
  4. MindGate Solutions3
  5. Dice2

Each deal appears in the events strip at the top of the page.

Payments funding in Chennai

14 payments companies in Chennai have recorded equity funding, US$495.77m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Chennai

Meet the people behind payments companies in Chennai. 40 of 71 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Chennai payments companies by sub-sector

The most common specialisations among payments companies in Chennai. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring payments in India and nearby markets.

Coming soon