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%.
Company lists
Online payments, bill payments, payments banks, POS & wallets, business payments and more: the companies building payments in Mumbai, Maharashtra, with their founders, funding, team size and business models.
Funding, M&A, contract wins and launches involving 322 payments companies in Mumbai, last 24 months: 50 Contracts · 39 M&A deals · 18 funding rounds · 5 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.
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%.
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…
Generali Central Insurance Company will now have access to the Zaggle Zoyer platform, thanks to an arrangement announced by Zaggle Prepaid Ocean Services.
Vodacom has invested $28m to upgrade technology for its M-Pesa platform in Tanzania.
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…
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…
Jio Financial Services Ltd on Friday launched an online marketplace for financial products through its new app JioFinance.
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.
Mintoak ’s $6 million Series A, with backing from Pravega Ventures and PayPal , reinforces a growing truth in fintech: the next generation of winners will likely be boring on the surface…
Fintech platform Jupiter Money has raised ₹115 crore in fresh funding round from existing investors Mirae Asset Venture Investments, BeeNext, and 3one4 Capital. Founder and CEO Jitendra…
AU Small Finance Bank has announced a strategic partnership with Zaggle Prepaid Ocean Services Ltd, India’s leading spend management company.
the company said it has "entered into an agreement" with Mastercard Asia Pacific Pte. Ltd to launch and promote co-branded domestic prepaid cards on the Mastercard network.
Digital payments major PayU has acquired an additional 27% in Mindgate Solutions, increasing its stake in the Mumbai-based payment processing company to a majority 70%.
PayU, the payments and FinTech arm of Prosus, has increased its stake in Mindgate, an innovator in real-time payments technology, moving from a minority position to a majority…
Jio Reinsurance Ltd will invest an amount of Rs 2.50 lakh towards initial subscription of 25,000 equity shares of…
The company also announced the finalization of the acquisition agreements for Mswipe, a new generation payment solution provider.
In March, ECR said it would buy Maximus for £500,000.
Under the terms of the agreement, Grant Thornton will act as a channel partner, offering Zaggle's flagship Spend Management platform to its roster of corporate clients and large enterprises.
Cyril Amarchand Mangaldas advised PayU Payments Private Limited (“PayU”), the payment and fintech business of Amsterdam-based global consumer internet group and technology investor…
Debt-ridden ATM player AGS Transact Technologies is in talks to sell a majority stake in its digital payment subsidiary India Transact Services (ITSL) to Patanjali group, sources said,…
BRISKPE Launchpad, a bold new initiative aimed at transforming how Indian sellers expand globally.
Mobileware Technologies, a digital payments infrastructure company, has secured Rs 7.25 crore in a strategic investment from Zaggle, bringing the total investment raised to Rs 22.85 crore.
The spend management company had acquired a 26% stake in Mobileware Technologies (now known as ‘86400’) for INR 15.6 Cr in September last year.
Prosus-backed fintech company PayU acquired a 43.5 percent stake in payments infrastructure company Mindgate Solutions for an undisclosed amount.
Reliance's Jio Financial Services has a preliminary agreement with Allianz SE to start an insurance business in India.
Zaggle Prepaid Ocean Services Limited has announced that it has contracted with Strada, HCM and financial management solutions, to deliver a unified payroll and spend management solution…
Zaggle Prepaid Ocean Services Limited, a leading B2B SaaS FinTech company, has announced that it has contracted with Strada, a leader in end-to-end payroll, HCM and financial management…
BRISKPE, a PayU-backed cross‑border payment platform, has introduced a game‑changing solution designed specifically to meet the needs of micro, small, and medium enterprises (MSMEs).
Zaggle recently acquired 98 per cent controlling stake in Span Across IT Solutions (TaxSpanner) through an investment of ₹32 crore and also picked up a 26 per cent stake in Mobileware…
Zaggle Prepaid Ocean Services hit an upper circuit of 5% at Rs 490.65 after the company has entered into an agreement with Mastercard Technology (MasterCard) for 7 years. The terms and…
Browse payments companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 95 payments companies in Mumbai, Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Provider of an online payment gateway platform
Payments₹1,938.48 cr in FY23-24 · net ₹147.43 cr · +567% since FY2014
Filed standalone accounts · Indiaideas Com LimitedUS$185.70m across 3 disclosed equity rounds
Darker bars = larger rounds


Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Payment processing solutions for merchants
Payments₹2,236.45 cr in FY24-25 · net ₹138.90 cr · +10338% since FY2018
Filed standalone accounts · Sbi Payment Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of technology solutions and services for banking and financial sectors
Banking tech₹19.39 cr in FY24-25 · net ₹3.05 cr · -55% since FY2018
Filed standalone accounts · Fino Paytech LimitedUS$176.53m across 7 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of end-to-end payment processing solutions for merchants and businesses
Payments₹1,093.70 cr in FY23-24 · net −₹66.98 cr · -13% since FY2017
Filed standalone accounts · Ags Transact Technologies LimitedUS$80.99m across 3 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of payment solutions, communication services, and IoT-enabled RFID technologies
Payments₹1,472.35 cr in FY24-25 · net ₹222.21 cr · +397% since FY2018
Filed standalone accounts · Seshaasai Technologies LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows
Hrtech₹1,327.16 cr in FY24-25 · net ₹87.48 cr · +1501% since FY2017
Filed standalone accounts · Zaggle Prepaid Ocean Services LimitedUS$13.75m across 3 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Agent-based payment solutions
Payments₹819.66 cr in FY24-25 · net ₹27.29 lakh · +41780% since FY2020
Filed standalone accounts · Truehost It Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Platform offering digital banking solutions for consumers
Payments₹719.69 cr in FY23-24 · net −₹36.37 cr · +13087% since FY2018
Filed standalone accounts · Nsdl Payments Bank LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

A next-generation online payment gateway that enables transactions across various platforms, channels, and devices
Payments₹726.43 cr in FY24-25 · net −₹22.53 cr · +1881% since FY2017
Filed standalone accounts · Worldline Epayments India Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of end-to-end ATM outsourcing, digital payment, and platform solutions
Payments₹421.34 cr in FY24-25 · net ₹37.80 lakh · +83% since FY2018
Filed standalone accounts · Electronic Payment And Services Private LimitedUS$43.69m across 4 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of technology solutions for loyalty programs, travel, and payments
Loyalty software₹341.49 cr in FY24-25 · net ₹21.69 cr · +3054% since FY2018
Filed standalone accounts · Vernost Tech Ventures Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of payment technology solutions for retail and online businesses
Payments₹276.82 cr in FY24-25 · net −₹6.71 cr · +2% since FY2024
Filed standalone accounts · Mswipe Technologies Private LimitedUS$125.95m across 9 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of payment processing software for card issuance and switching
Payments₹330.92 cr in FY24-25 · net ₹29.01 cr · +153% since FY2021
Filed consolidated accounts · In-Solutions Global Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Digital platform providing range of payment and digital banking services
Banking tech₹308.27 cr in FY24-25 · net ₹11.17 cr · +8586% since FY2017
Filed standalone accounts · Nearby Technologies Private LimitedUS$4.55m across 2 disclosed equity rounds
Darker bars = larger rounds


Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Agent-based platform offering correspondent banking solutions
Payments₹184.94 cr in FY24-25 · net ₹8.16 cr · -97% since FY2018
Filed standalone accounts · Vakrangee LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of omnichannel payment gateway solutions and financial service platform
Payments₹215.12 cr in FY24-25 · net ₹28.26 cr · +144% since FY2018
Filed standalone accounts · Airpay Payment Services Private LimitedUS$3.63m across 2 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of digital financial services and retail solutions via agent network
Banking tech₹201.94 cr in FY24-25 · net ₹7.72 cr · +410% since FY2018
Filed standalone accounts · Pay Point India Network Private LimitedUS$8.01m across 7 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

A digital payment solution provider offering recharge services for mobile phones, DTH services, and utility bills
Payments₹185.84 cr in FY24-25 · net ₹1.17 cr · +159% since FY2018
Filed standalone accounts · Oye Messenger LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Closed wallet for money transfer and bill payments
Payments₹176.27 cr in FY23-24 · net −₹9.87 cr · +993% since FY2017
Filed standalone accounts · India Transact Services LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

NTT data payment services to boost their businesses
Payments₹166.58 cr in FY24-25 · net ₹4.48 cr · +109% since FY2018
Filed standalone accounts · Ntt Data Payment Services India Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Operator of a platform facilitating bill payment across multiple categories
Payments₹164.89 cr in FY24-25 · net ₹23.58 cr · +326% since FY2022
Filed standalone accounts · Npci Bharat Billpay LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of financial services to the underbanked via online platform
Payments₹157.98 cr in FY24-25 · net ₹1.54 cr · +14907% since FY2020
Filed standalone accounts · Instant Mudra Technologies Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of payment gateway solutions, transaction processing, and data security
Banking tech₹115.37 cr in FY24-25 · net ₹13.05 cr · +328% since FY2018
Filed standalone accounts · Concerto Software & Systems Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Agent-based payment solutions for consumers and businesses
Payments₹117.89 cr in FY24-25 · net ₹6.24 lakh · +4873% since FY2019
Filed standalone accounts · Instant Global Paytech Private Limited

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Mobile-based payments processing solutions with QR-code, and virtual POS
Payments₹112.33 cr in FY24-25 · net ₹29.23 cr · +7029% since FY2018
Filed standalone accounts · Paramotor Digital Technology LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Digital payments and engagement solutions for MSMEs
Paymentsin FY24-25 · net · since FY2019
Filed standalone accounts · Mintoak Innovations Private LimitedUS$30.64m across 7 disclosed equity rounds
Darker bars = larger rounds



Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of hardware and software solutions for different industries
Paymentsin FY24-25 · net · since FY2018
Filed standalone accounts · Evolute Fintech Innovations Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of B2B compliant payment solutions
Paymentsin FY24-25 · net · since FY2020
Filed standalone accounts · Fcap Technologies Private LimitedUS$3.43m across 6 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of banking and finance software solutions as a service
Paymentsin FY23-24 · net · since FY2017
Filed standalone accounts · Finacus Solutions Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of payment platforms and card solutions for various applications
Paymentsin FY24-25 · net · since FY2018
Filed standalone accounts · Paycraft Solutions Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of a platform for business spend management and payment solutions
Finance & accounting techin FY24-25 · net · since FY2018
Filed standalone accounts · Nehat Tech Solutions Private LimitedUS$23.50m across 3 disclosed equity rounds
Darker bars = larger rounds


Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Digital payments for financial services
Paymentsin FY24-25 · net · since FY2021
Filed standalone accounts · 1Pay Mobileware Private Limited

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Agent-based payment platform
PaymentsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Online recharge platform for mobile, DTH, and data card services
Paymentsin FY24-25 · net · since FY2018
Filed standalone accounts · Jri Technologies Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Digital payment infrastructure solutions for businesses and institutions
Paymentsin FY24-25 · net · since FY2018
Filed standalone accounts · Maximus Infoware (India) Private LimitedUS$1.53m across 2 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of loans, insurance brokerage, and payment services
Alternative lendingin FY22-23 · net · since FY2015
Filed consolidated accounts · Jio Financial Services LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of educational financing services through integrated fee collection platform for educational institutions
Higher education techin FY24-25 · net · since FY2019
Filed standalone accounts · Grayquest Education Finance Private LimitedUS$19.47m across 5 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Diversified payment acceptance solutions for businesses
Paymentsin FY24-25 · net · since FY2020
Filed standalone accounts · Paynext Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of digital payment solutions and corporate expense management tools
Paymentsin FY24-25 · net · since FY2023
Filed standalone accounts · Nu Payment Technologies Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of payment gateway and related financial services
Paymentsin FY23-24 · net · since FY2019
Filed standalone accounts · Aggrepay Payments Solutions Private LimitedUS$2.10m across 2 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

An online payment gateway solutions provider that enables businesses
Paymentsin FY24-25 · net · since FY2018
Filed standalone accounts · Payment Gateway Solutions Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of business process outsourcing, neo banking, and accounting services
Paymentsin FY24-25 · net · since FY2019
Filed standalone accounts · Hatio Innovations Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of a digital platform for financial and other services to merchants
Banking techin FY24-25 · net · since FY2015
Filed standalone accounts · Mfins Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Operator of tech-enabled retail outlets providing financial and other services
Paymentsin FY24-25 · net · since FY2018
Filed standalone accounts · Suvidhaa Infoserve LimitedUS$37.80m across 4 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

App-based contactless fuel management and payment solution
Payments
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Cloud based financial fraud solution provider
Security & surveillance technologyin FY24-25 · net · since FY2023
Filed standalone accounts · Drona Pay Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of one-click checkout and payment solutions for online businesses
Paymentsin FY24-25 · net · since FY2022
Filed standalone accounts · Bigital Technologies Private LimitedUS$7.12m across 5 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Agent-based payment solutions for merchants and retailers
Paymentsin FY24-25 · net · since FY2021
Filed standalone accounts · Insta Transfer Biz Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of prepaid card issuance and management platform
Paymentsin FY21-22 · net · since FY2020
Filed standalone accounts · Intelligent Payment Solutions Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

White-label payment solutions for banks and merchants
Banking techin FY24-25 · net · since FY2018
Filed standalone accounts · Northakross Technologies Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
No matching company in this list.
This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.
Open payments in Mumbai on RadarFind top payments companies in Mumbai, from online payment gateways and digital wallets to payment banks and POS providers. Browse fintech payments startups in Mumbai and listed payments companies.
Gateways and platforms for online, UPI and digital payments.

Provider of an online payment gateway platform
Payments
Provider of omnichannel payment gateway solutions and financial service platform
Payments
A digital payment solution provider offering recharge services for mobile phones, DTH services, and utility bills
Payments
Closed wallet for money transfer and bill payments
Payments
Provider of payment gateway solutions, transaction processing, and data security
Banking techUtility bill payment, agent banking and retail payment networks.

Provider of technology solutions and services for banking and financial sectors
Banking tech
Digital platform providing range of payment and digital banking services
Banking tech
Agent-based platform offering correspondent banking solutions
Payments
Provider of digital financial services and retail solutions via agent network
Banking tech
A digital payment solution provider offering recharge services for mobile phones, DTH services, and utility bills
PaymentsDigital banking platforms, payments banks and core banking providers.

Provider of technology solutions and services for banking and financial sectors
Banking tech
Platform offering digital banking solutions for consumers
Payments
Digital platform providing range of payment and digital banking services
Banking tech
Agent-based platform offering correspondent banking solutions
PaymentsProvider of banking and finance software solutions as a service
PaymentsProviders of POS devices, mobile wallets and prepaid or payment cards.

Provider of payment technology solutions for retail and online businesses
Payments
Provider of hardware and software solutions for different industries
PaymentsProvider of banking and finance software solutions as a service
Payments
Provider of payment platforms and card solutions for various applications
Payments
Provider of prepaid card issuance and management platform
PaymentsPlatforms for B2B payments, expense management and corporate cards.

Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows
Hrtech
Provider of a platform for business spend management and payment solutions
Finance & accounting tech
Provider of one-click checkout and payment solutions for online businesses
Payments
Intake-to-pay, corporate cards, and accounts payable automation solutions
Payments
Invoicing and payment solutions for businesses
PaymentsFraud prevention, risk management and compliance technology.

Cloud based financial fraud solution provider
Security & surveillance technology
Integrated payment solutions for businesses
Payments
Fraud detection solutions
Cybersecurity
AI-enabled financial risk management platform
Regtech
Provider of real-time fraud detection and prevention solutions for financial institutions
Security & surveillance technologyPublicly traded payments companies in Mumbai.

Provider of end-to-end payment processing solutions for merchants and businesses
Payments
Provider of payment solutions, communication services, and IoT-enabled RFID technologies
Payments
Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows
Hrtech
Agent-based platform offering correspondent banking solutions
PaymentsProvider of loans, insurance brokerage, and payment services
Alternative lendingNewer payments and fintech companies founded recently.

Provider of digital payment solutions and corporate expense management tools
Payments
Cloud based financial fraud solution provider
Security & surveillance technology
Provider of technology to build and launch banking and credit products
Payments
It offers fee financing solutions for educational institutes
Payments
Provider of international payment solutions for businesses and service professionals
Digital remittancePayments companies in Mumbai with open roles.

Provider of payment technology solutions for retail and online businesses
Payments
Digital platform providing range of payment and digital banking services
Banking tech
Provider of omnichannel payment gateway solutions and financial service platform
Payments
Provider of digital financial services and retail solutions via agent network
Banking tech
Provider of hardware and software solutions for different industries
PaymentsThe most-installed Android apps published by payments companies headquartered in Mumbai — 44.6M installs between them. 48 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.
CIN U74999MH2016PTC280037CIN U65900MH2016PLC284869CIN U72900MH2018PTC456805CIN U72300MH2011PTC215103CIN U32104MH2007PTC285155CIN L65999TG2011PLC074795CIN U74999MH2005PTC156130Revenue, profit and growth from the filed annual accounts of 78 payments companies in Mumbai, Maharashtra for FY24-25 — 100 of the 217 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 64% of the revenue, so medians describe the typical company better than totals.
78 companies filing accounts
4.5% aggregate margin
43 of 78 companies
the typical company
into FY24-25
revenue concentration
The number of companies filing changes each year; the three-year cohort below compares like with like.
Companies with accounts for all three years, so growth is not an artefact of who filed.
Companies by FY24-25 revenue. Bars show how many companies sit in each band.
75 companies with accounts for both years; median growth +25%.
The aggregate margin is pulled up by a few large filers; the median shows the typical company.
| Company | Growth | Revenue |
|---|---|---|
| Paramotor Digital TechnologyPARAMOTOR DIGITAL TECHNOLOGY LIMITED | +232% | ₹112.33 cr |
| ZaggleZaggle Prepaid Ocean Services Limited | +69% | ₹1,327.16 cr |
| Bharat ConnectNPCI BHARAT BILLPAY LIMITED | +68% | ₹164.89 cr |
| AirpayAirpay Payment Services Private Limited | +67% | ₹215.12 cr |
| JRI TechnologiesJRI TECHNOLOGIES PRIVATE LIMITED | ||
| MfinsMFINS SERVICES PRIVATE LIMITED |
| Company | Margin | Revenue |
|---|---|---|
| MintoakMINTOAK INNOVATIONS PRIVATE LIMITED | ||
| Paramotor Digital TechnologyPARAMOTOR DIGITAL TECHNOLOGY LIMITED | 26.0% | ₹112.33 cr |
| 1Pay1PAY MOBILEWARE PRIVATE LIMITED | ||
| Fino PaytechFINO PAYTECH LIMITED | 15.8% | ₹19.39 cr |
| SeshaasaiSESHAASAI TECHNOLOGIES LIMITED | 15.1% | ₹1,472.35 cr |
| Bharat ConnectNPCI BHARAT BILLPAY LIMITED | 14.3% | ₹164.89 cr |
| Sub-sector | Companies | Revenue | Median revenue | Profitable | Margin |
|---|---|---|---|---|---|
| Payments | 58 | ₹7,951.99 cr | ~₹6.3 cr | 55% | 4.9% |
| Banking tech | 7 | ₹666.03 cr | ~₹19.4 cr | 86% | 4.8% |
| Company · legal entity | Revenue | Net result | Margin | Growth |
|---|---|---|---|---|
| SBI Payment ServicesSBI PAYMENT SERVICES PRIVATE LIMITED | ₹2,236.45 cr | ₹138.90 cr | 6.2% | +47% |
| SeshaasaiSESHAASAI TECHNOLOGIES LIMITED | ₹1,472.35 cr | ₹222.21 cr | 15.1% | -6% |
| ZaggleZaggle Prepaid Ocean Services Limited | ₹1,327.16 cr | ₹87.48 cr | 6.6% | +69% |
| RupeebizTRUEHOST IT SERVICES PRIVATE LIMITED | ₹819.66 cr | ₹27.29 lakh | 0.0% | +2% |
| PaynimoWORLDLINE EPAYMENTS INDIA PRIVATE LIMITED | ₹726.43 cr | −₹22.53 cr | -3.1% | +5% |
| Electronic Payment and ServicesELECTRONIC PAYMENT AND SERVICES PRIVATE LIMITED | ₹421.34 cr | ₹37.80 lakh | 0.1% | -3% |
| VernostVERNOST TECH VENTURES PRIVATE LIMITED | ₹341.49 cr | ₹21.69 cr | 6.4% | -44% |
| PayNearbyNEARBY TECHNOLOGIES PRIVATE LIMITED | ₹308.27 cr | ₹11.17 cr | 3.6% | -17% |
| MswipeMSWIPE TECHNOLOGIES PRIVATE LIMITED | ₹276.82 cr | −₹6.71 cr | -2.4% | +2% |
| AirpayAirpay Payment Services Private Limited | ₹215.12 cr | ₹28.26 cr | 13.1% | +67% |
Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.
The financials above are one chapter. The full payments landscape of Mumbai maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.
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.
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 Mumbai compares. Debt, IPO and grant rounds are excluded.
US$150.28m
US$640.20m
373 rounds in India
last 24 months
Bars show US$ 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.
Equity rounds over the last five years, 322 payments companies in Mumbai among 2,854 in India.
Each deal appears in the events strip at the top of the page.
Go deeper in the payments landscape reports:
AdTech Industry Landscape of Mumbai Auto Industry Landscape of Mumbai Auto Tech Industry Landscape of Mumbai54 payments companies in Mumbai have recorded equity funding, US$1.35bn in total. Totals and round dates describe the historical record; they are not current valuations.
Largest recorded equity totals, with the latest recorded round.
PaymentsPayment processing solutions for merchants
Banking techOnline platform offering a suite of financial services
PaymentsProvider of an online payment gateway platform



Banking techProvider of technology solutions and services for banking and financial sectors
PaymentsProvider of payment technology solutions for retail and online businesses

PaymentsProvider of end-to-end payment processing solutions for merchants and businesses

PaymentsProvider of end-to-end ATM outsourcing, digital payment, and platform solutions

PaymentsOperator of tech-enabled retail outlets providing financial and other services
PaymentsProvider of alumni network platform with banking, rewards, and connection features


PaymentsDigital payments and engagement solutions for MSMEs




PaymentsProvider of prepaid cards, UPI payments, mobile recharge, and bill payment

PaymentsProvider of digital payment solutions and electronic payment services primarily for individuals and organizations


Finance & accounting techProvider of a platform for business spend management and payment solutions
Higher education techProvider of educational financing services through integrated fee collection platform for educational institutions

HrtechPlatform designed to streamline business spends, payments, and rewards through automated and innovative workflows

PaymentsIntake-to-pay, corporate cards, and accounts payable automation solutions

₹2,236.45 cr in FY24-25 · net ₹138.90 cr · +10338% since FY2018
Filed standalone accounts · Sbi Payment Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
US$201.39m across 7 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1,938.48 cr in FY23-24 · net ₹147.43 cr · +567% since FY2014
Filed standalone accounts · Indiaideas Com LimitedUS$185.70m across 3 disclosed equity rounds
Darker bars = larger rounds


Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹19.39 cr in FY24-25 · net ₹3.05 cr · -55% since FY2018
Filed standalone accounts · Fino Paytech LimitedUS$176.53m across 7 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹276.82 cr in FY24-25 · net −₹6.71 cr · +2% since FY2024
Filed standalone accounts · Mswipe Technologies Private LimitedUS$125.95m across 9 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1,093.70 cr in FY23-24 · net −₹66.98 cr · -13% since FY2017
Filed standalone accounts · Ags Transact Technologies LimitedUS$80.99m across 3 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹421.34 cr in FY24-25 · net ₹37.80 lakh · +83% since FY2018
Filed standalone accounts · Electronic Payment And Services Private LimitedUS$43.69m across 4 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2018
Filed standalone accounts · Suvidhaa Infoserve LimitedUS$37.80m across 4 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹3.69 cr in FY24-25 · net −₹42.68 cr · +1470% since FY2020
Filed standalone accounts · Gajju Technologies Private LimitedUS$35.07m across 5 disclosed equity rounds
Darker bars = larger rounds

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2019
Filed standalone accounts · Mintoak Innovations Private LimitedUS$30.64m across 7 disclosed equity rounds
Darker bars = larger rounds



Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹4.16 cr in FY24-25 · net −₹13.27 cr · -76% since FY2018
Filed standalone accounts · Transerv LimitedUS$26.82m across 5 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
US$25.42m across 4 disclosed equity rounds
Darker bars = larger rounds

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2018
Filed standalone accounts · Nehat Tech Solutions Private LimitedUS$23.50m across 3 disclosed equity rounds
Darker bars = larger rounds


Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2019
Filed standalone accounts · Grayquest Education Finance Private LimitedUS$19.47m across 5 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1,327.16 cr in FY24-25 · net ₹87.48 cr · +1501% since FY2017
Filed standalone accounts · Zaggle Prepaid Ocean Services LimitedUS$13.75m across 3 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹5.44 cr in FY24-25 · net −₹4.46 cr · +1722% since FY2021
Filed standalone accounts · Kodo Technologies Private LimitedUS$9.57m across 3 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Meet the people behind payments companies in Mumbai. 137 of 217 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.
Payments companies in Mumbai with the highest one-year revenue growth among those reporting at least ₹5 crore in revenue. Growth is the reported one-year change for the period shown.
PaymentsProvider of business process outsourcing, neo banking, and accounting services
PaymentsProvider of digital payment solutions and corporate expense management tools
K-12 edtechProvider of software for educational institutions to manage fees and admissions
PaymentsMobile-based payments processing solutions with QR-code, and virtual POS
PaymentsProvider of one-click checkout and payment solutions for online businesses
PaymentsAgent-based payment solutions for merchants and retailers
Founders
Details not available
Security & surveillance technologyCloud based financial fraud solution provider
HrtechPlatform designed to streamline business spends, payments, and rewards through automated and innovative workflows

PaymentsOperator of a platform facilitating bill payment across multiple categories
PaymentsProvider of omnichannel payment gateway solutions and financial service platform
Banking techProvider of a digital platform for financial and other services to merchants
PaymentsProvider of payment platforms and card solutions for various applications

in FY24-25 · net · since FY2019
Filed standalone accounts · Hatio Innovations Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2023
Filed standalone accounts · Nu Payment Technologies Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹5.59 cr in FY24-25 · net ₹1.45 cr · +180% since FY2019
Filed standalone accounts · Easytech Innovations Private LimitedUS$213k across 3 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹112.33 cr in FY24-25 · net ₹29.23 cr · +7029% since FY2018
Filed standalone accounts · Paramotor Digital Technology LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2022
Filed standalone accounts · Bigital Technologies Private LimitedUS$7.12m across 5 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2021
Filed standalone accounts · Insta Transfer Biz Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2023
Filed standalone accounts · Drona Pay Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1,327.16 cr in FY24-25 · net ₹87.48 cr · +1501% since FY2017
Filed standalone accounts · Zaggle Prepaid Ocean Services LimitedUS$13.75m across 3 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹164.89 cr in FY24-25 · net ₹23.58 cr · +326% since FY2022
Filed standalone accounts · Npci Bharat Billpay LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹215.12 cr in FY24-25 · net ₹28.26 cr · +144% since FY2018
Filed standalone accounts · Airpay Payment Services Private LimitedUS$3.63m across 2 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2015
Filed standalone accounts · Mfins Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2018
Filed standalone accounts · Paycraft Solutions Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Companies whose recorded headcount rose the most between the two most recent team-size snapshots. A larger team is a signal of momentum, not of profitability.
Banking techProvider of digital financial services and retail solutions via agent network

PaymentsAgent-based payment platform
PaymentsMindgate has been associated with Microsoft and has developed expertise in providing solutions using Azure, BizTalk.
Founders
Details not available
PaymentsDeveloper of tap-to-pay solutions for retail, transit, and government payments
PaymentsIt offers various RuPay credit, debit, and prepaid cards
HrtechPlatform designed to streamline business spends, payments, and rewards through automated and innovative workflows

PaymentsPayment processing solutions for merchants
Online business paymentsIncorporated in the year 2001, Avenues is a zero-debt company which has been profitable from its inception.
Founders
Details not available
PaymentsProvider of an online payment gateway platform



Banking techAgent-based payment and banking solutions for businesses

Higher education techProvider of educational financing services through integrated fee collection platform for educational institutions

₹201.94 cr in FY24-25 · net ₹7.72 cr · +410% since FY2018
Filed standalone accounts · Pay Point India Network Private LimitedUS$8.01m across 7 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹36.13 lakh in FY24-25 · net −₹1.15 cr · +44% since FY2019
Filed standalone accounts · Tap Smart Data Information Services Private LimitedUS$4.73m across 7 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1,327.16 cr in FY24-25 · net ₹87.48 cr · +1501% since FY2017
Filed standalone accounts · Zaggle Prepaid Ocean Services LimitedUS$13.75m across 3 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹2,236.45 cr in FY24-25 · net ₹138.90 cr · +10338% since FY2018
Filed standalone accounts · Sbi Payment Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1,938.48 cr in FY23-24 · net ₹147.43 cr · +567% since FY2014
Filed standalone accounts · Indiaideas Com LimitedUS$185.70m across 3 disclosed equity rounds
Darker bars = larger rounds


Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2019
Filed standalone accounts · Grayquest Education Finance Private LimitedUS$19.47m across 5 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Payments companies in Mumbai with at least one woman on the founding team. Expand a profile to meet the founders; teams can include both women and men.
PaymentsProvider of cross-border payment solutions

PaymentsProvider of payment processing software for card issuance and switching

Security & surveillance technologyCloud based financial fraud solution provider
K-12 edtechProvider of software for educational institutions to manage fees and admissions
Loyalty softwareProvider of technology solutions for loyalty programs, travel, and payments

PaymentsProvider of end-to-end ATM outsourcing, digital payment, and platform solutions

PaymentsDigital payment infrastructure solutions for businesses and institutions

PaymentsProvider of online payment solution for businesses
PaymentsInvoicing and payment solutions for businesses
PaymentsOnline recharge platform for mobile, DTH, and data card services
PaymentsMobile-based payments processing solutions with QR-code, and virtual POS
PaymentsAn online payment gateway solutions provider that enables businesses
Founders
Details not available
in FY24-25 · net −₹4.04 cr · +13% since FY2024
Filed standalone accounts · Hiwi Forex Transaction Services Private LimitedUS$3.78m across 3 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹330.92 cr in FY24-25 · net ₹29.01 cr · +153% since FY2021
Filed consolidated accounts · In-Solutions Global Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2023
Filed standalone accounts · Drona Pay Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹5.59 cr in FY24-25 · net ₹1.45 cr · +180% since FY2019
Filed standalone accounts · Easytech Innovations Private LimitedUS$213k across 3 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹341.49 cr in FY24-25 · net ₹21.69 cr · +3054% since FY2018
Filed standalone accounts · Vernost Tech Ventures Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹421.34 cr in FY24-25 · net ₹37.80 lakh · +83% since FY2018
Filed standalone accounts · Electronic Payment And Services Private LimitedUS$43.69m across 4 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2018
Filed standalone accounts · Maximus Infoware (India) Private LimitedUS$1.53m across 2 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net −₹1.42 lakh · -97% since FY2021
Filed standalone accounts · Ginger Root Code Factory Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1.27 cr in FY24-25 · net ₹39.23 lakh · +51% since FY2019
Filed standalone accounts · Bizlem Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2018
Filed standalone accounts · Jri Technologies Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹112.33 cr in FY24-25 · net ₹29.23 cr · +7029% since FY2018
Filed standalone accounts · Paramotor Digital Technology LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2018
Filed standalone accounts · Payment Gateway Solutions Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Payments companies in Mumbai founded in the last four years, newest first.
Property management techProvider of digital solutions for residential rental management and credit building
PaymentsProvider of innovative payment solutions for prepaid, debit, and credit cards
PaymentsOnline platform offering a credit card linked UPI payment solution for seamless transactions

PaymentsProvider of rewards card for direct transactions between users through a central website with open API
PaymentsCross-border payments and money transfer platform


PaymentsA digital payment solutions provider that enables businesses to accept payments online
PaymentsProvider of a platform for automatic rewards using linked payment cards
PaymentsProvider of online and offline payment gateway solutions
Founders
Details not available
PaymentsOnline escrow platform for businesses
Founders
Details not available
PaymentsA payment solutions platform that provide technology for businesses to process transactions
Founders
Details not available
PaymentsProvider of mobile payment apps and digital wallets for in-app payments
Founders
Details not available
PaymentsDigital payment platform offering a range of services
Founders
Details not available
₹0.11 lakh in FY24-25 · net −₹3.11 lakh · since FY2021
Filed standalone accounts · Aequitous Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net −₹10.04 lakh · -92% since FY2023
Filed standalone accounts · Profitag Technologies Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹74.61 lakh in FY24-25 · net · since FY2024
Filed standalone accounts · Fab Money Technologies Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.


Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Companies with the most distinct news events in the last 24 months across the business press Fliar tracks.
Provider of loans, insurance brokerage, and payment services
HrtechPlatform designed to streamline business spends, payments, and rewards through automated and innovative workflows

PaymentsAgent-based platform offering correspondent banking solutions
PaymentsDigital payment infrastructure solutions for businesses and institutions

PaymentsProvider of end-to-end payment processing solutions for merchants and businesses

Digital remittanceProvider of international payment solutions for businesses and service professionals


PaymentsProvider of payment solutions, communication services, and IoT-enabled RFID technologies
PaymentsProvider of technology to build and launch banking and credit products




Banking techOnline platform offering a suite of financial services
Higher education techProvider of educational financing services through integrated fee collection platform for educational institutions

PaymentsProvider of alumni network platform with banking, rewards, and connection features


PaymentsDigital payments and engagement solutions for MSMEs




in FY22-23 · net · since FY2015
Filed consolidated accounts · Jio Financial Services LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1,327.16 cr in FY24-25 · net ₹87.48 cr · +1501% since FY2017
Filed standalone accounts · Zaggle Prepaid Ocean Services LimitedUS$13.75m across 3 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹184.94 cr in FY24-25 · net ₹8.16 cr · -97% since FY2018
Filed standalone accounts · Vakrangee LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2018
Filed standalone accounts · Maximus Infoware (India) Private LimitedUS$1.53m across 2 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1,093.70 cr in FY23-24 · net −₹66.98 cr · -13% since FY2017
Filed standalone accounts · Ags Transact Technologies LimitedUS$80.99m across 3 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1.76 cr in FY24-25 · net −₹12.59 cr · +2288% since FY2024
Filed standalone accounts · Gobrisk Technologies Private Limited

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1,472.35 cr in FY24-25 · net ₹222.21 cr · +397% since FY2018
Filed standalone accounts · Seshaasai Technologies LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹4.34 cr in FY24-25 · net −₹18.02 cr · +48% since FY2024
Filed standalone accounts · Vegapay Technology Private LimitedUS$6.60m across 2 disclosed equity rounds
Darker bars = larger rounds



Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
US$201.39m across 7 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2019
Filed standalone accounts · Grayquest Education Finance Private LimitedUS$19.47m across 5 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹3.69 cr in FY24-25 · net −₹42.68 cr · +1470% since FY2020
Filed standalone accounts · Gajju Technologies Private LimitedUS$35.07m across 5 disclosed equity rounds
Darker bars = larger rounds

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2019
Filed standalone accounts · Mintoak Innovations Private LimitedUS$30.64m across 7 disclosed equity rounds
Darker bars = larger rounds



Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
The most common specialisations among payments companies in Mumbai. Open a company to see what it sells, who runs it and how far it has come.
26 payments companies in Mumbai work in banking tech. Shown: the best-documented.
PaymentsProvider of technology to build and launch banking and credit products




Banking techDigital platform providing range of payment and digital banking services
Security & surveillance technologyCloud based financial fraud solution provider
Banking techProvider of payment gateway solutions, transaction processing, and data security
Banking techWhite-label payment solutions for banks and merchants

Banking techProvider of digital financial services and retail solutions via agent network

PaymentsProvider of end-to-end ATM outsourcing, digital payment, and platform solutions

PaymentsDigital payment infrastructure solutions for businesses and institutions

Banking techWhite-labeled digital payment platform
Banking techProvider of technology solutions and services for banking and financial sectors
Provider of banking and finance software solutions as a service

PaymentsProvider of financial services to the underbanked via online platform
₹4.34 cr in FY24-25 · net −₹18.02 cr · +48% since FY2024
Filed standalone accounts · Vegapay Technology Private LimitedUS$6.60m across 2 disclosed equity rounds
Darker bars = larger rounds



Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹308.27 cr in FY24-25 · net ₹11.17 cr · +8586% since FY2017
Filed standalone accounts · Nearby Technologies Private LimitedUS$4.55m across 2 disclosed equity rounds
Darker bars = larger rounds


Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2023
Filed standalone accounts · Drona Pay Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹115.37 cr in FY24-25 · net ₹13.05 cr · +328% since FY2018
Filed standalone accounts · Concerto Software & Systems Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2018
Filed standalone accounts · Northakross Technologies Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹201.94 cr in FY24-25 · net ₹7.72 cr · +410% since FY2018
Filed standalone accounts · Pay Point India Network Private LimitedUS$8.01m across 7 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹421.34 cr in FY24-25 · net ₹37.80 lakh · +83% since FY2018
Filed standalone accounts · Electronic Payment And Services Private LimitedUS$43.69m across 4 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2018
Filed standalone accounts · Maximus Infoware (India) Private LimitedUS$1.53m across 2 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net −₹3.72 cr · -89% since FY2018
Filed standalone accounts · Boson Systems Private LimitedUS$4.03m across 2 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹19.39 cr in FY24-25 · net ₹3.05 cr · -55% since FY2018
Filed standalone accounts · Fino Paytech LimitedUS$176.53m across 7 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY23-24 · net · since FY2017
Filed standalone accounts · Finacus Solutions Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹157.98 cr in FY24-25 · net ₹1.54 cr · +14907% since FY2020
Filed standalone accounts · Instant Mudra Technologies Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
8 payments companies in Mumbai work in finance & accounting tech. Shown: the best-documented.
Finance & accounting techProvider of a platform for business spend management and payment solutions
Finance & accounting techProvider of automated reconciliation software solutions
HrtechPlatform designed to streamline business spends, payments, and rewards through automated and innovative workflows

PaymentsIntake-to-pay, corporate cards, and accounts payable automation solutions

PaymentsInvoicing and payment solutions for businesses
PaymentsSoftware-based platform for expense management solutions

Finance & accounting techApp-based accounting and invoice management for freelancers
PaymentsOnline platform enabling individual and corporate bill payments
in FY24-25 · net · since FY2018
Filed standalone accounts · Nehat Tech Solutions Private LimitedUS$23.50m across 3 disclosed equity rounds
Darker bars = larger rounds


Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹2.53 cr in FY24-25 · net −₹18.95 lakh · +9469% since FY2018
Filed standalone accounts · Cointab Software Private LimitedUS$155k across 3 disclosed equity rounds
Darker bars = larger rounds

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1,327.16 cr in FY24-25 · net ₹87.48 cr · +1501% since FY2017
Filed standalone accounts · Zaggle Prepaid Ocean Services LimitedUS$13.75m across 3 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹5.44 cr in FY24-25 · net −₹4.46 cr · +1722% since FY2021
Filed standalone accounts · Kodo Technologies Private LimitedUS$9.57m across 3 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1.27 cr in FY24-25 · net ₹39.23 lakh · +51% since FY2019
Filed standalone accounts · Bizlem Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹27.46 lakh in FY24-25 · net −₹20.93 lakh · since FY2023
Filed standalone accounts · Inscite Fintech Solutions Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
6 payments companies in Mumbai work in in store retail tech. Shown: the best-documented.
PaymentsCloud-based software solutions for multi-channel retailers
PaymentsProvider of hardware and software solutions for different industries

In store retail techProvider of financial and utility services to retailers and distributors

In store retail techSmart POS terminal provider offering cloud-based solutions

PaymentsWhite-label solutions for wallets
PaymentsHyperlocal shopping and digital payment solutions for offline retailers
Founders
Details not available
in FY24-25 · net ₹9.94 lakh · since FY2018
Filed standalone accounts · Epaisa Soe Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2018
Filed standalone accounts · Evolute Fintech Innovations Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹9.83 lakh in FY24-25 · net · +1202% since FY2019
Filed standalone accounts · Minkville Innoventures Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
6 payments companies in Mumbai work in k-12 edtech. Shown: the best-documented.
Higher education techProvider of educational financing services through integrated fee collection platform for educational institutions

PaymentsProvider of alumni network platform with banking, rewards, and connection features


K-12 edtechProvider of software for educational institutions to manage fees and admissions
PaymentsIt offers fee financing solutions for educational institutes
K-12 edtechSimplifying school fee payments for institutions and parents

Higher education techOnline fees payment solution for educational institutes
Founders
Details not available
in FY24-25 · net · since FY2019
Filed standalone accounts · Grayquest Education Finance Private LimitedUS$19.47m across 5 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹3.69 cr in FY24-25 · net −₹42.68 cr · +1470% since FY2020
Filed standalone accounts · Gajju Technologies Private LimitedUS$35.07m across 5 disclosed equity rounds
Darker bars = larger rounds

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₹5.59 cr in FY24-25 · net ₹1.45 cr · +180% since FY2019
Filed standalone accounts · Easytech Innovations Private LimitedUS$213k across 3 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹3.09 cr in FY24-25 · net ₹1.11 cr · since FY2023
Filed standalone accounts · Akshar Fee Management Solutions Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
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