# Nextspeed Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nextspeed-technologies-private

- Industry: Financial Services
- Headquarters: Hyderabad, India
- Website: www.getswipe.in
- Total disclosed funding: $2M
- Latest round: Seed (Feb 11, 2022)
- Investors on record: 6

## About

Based in Hyderabad, India, and founded in 2021 by co-founders Aditya Vemuganti and Teja Allaparthi, Nextspeed Technologies Private Limited, trading as Swipe, operates as a fintech that offers accounting services such as billing, invoice, and payment through the use of a mobile application. In February 2021, Nextspeed Technologies Private Limited raised INR 150 million in seed funding led by returning investor Y Combinator, with participation from another returning investor, K3 Fund Management Company, Locus Ventures, and Soma Capital Management. As of February 2022, the company has more than 50,000 small and medium enterprises on its platform.

Nextspeed Technologies Private Limited offers a billing and payments application to create GST-compliant invoices. Multiple invoice templates, stock and inventory management, purchase orders and purchase invoices, generating estimates, quotations, and proforma invoices, recurring invoices, payment ledger, POS billing, thermal printing, GSTR report, sharing invoices via WhatsApp and Email, payment reminders, integrated payment gateway, and customising invoices are among the features of the application.The company's client base includes Riidl, Guseo, Bhau Institute, and Arthayan.

The company will use seed funding for product development and expansion plans.

## Funding rounds

- Seed, Feb 11, 2022, $2M — Y Combinator, Global Founders Capital, Soma Capital Management, Locus Ventures, Duro Ventures, K3 Diversity Ventures
- Seed, Sep 5, 2021 — K3 Diversity Ventures

## Investors

- K3 Diversity Ventures (https://capitalatlas.ai/funds/k3-diversity-ventures) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Locus Ventures (https://capitalatlas.ai/funds/locus-ventures) — Seed
- Duro Ventures (https://capitalatlas.ai/funds/duro-ventures) — Seed