# PayCardo Private

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

- Industry: Financial Services
- Headquarters: Pune, India
- Website: www.paycardo.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Jun 30, 2022)
- Investors on record: 1

## About

PayCardo Private Limited is a payment processing company focused on delivering innovative solutions that streamline transactions for businesses and consumers, facilitating seamless payment experiences across various sectors.PayCardo Private Limited, founded in 2021 and headquartered in Pune, India, specializes in payment processing solutions. The company has successfully closed 2 deals, with its most recent deal occurring on June 30, 2022. PayCardo raised INR 4.60 million in a Seed funding round from investor MaGEHold, bringing its total amount raised to INR 4.60 million and current valuation to INR 242.013 million. The company was founded by Vivek Kumar, who has a history of entrepreneurial ventures prior to establishing PayCardo.PayCardo specializes in providing innovative payment processing solutions designed to streamline transactions for businesses and consumers. Their offerings include a comprehensive electronic payment platform that facilitates seamless transactions in the retail, e-commerce, and service sectors. The platform enables efficient processing of credit and debit card transactions while supporting alternative payment methods. PayCardo's services aim to simplify the payment experience, particularly for small to medium-sized enterprises in North America and Europe, addressing challenges related to transaction speed, security, and ease of integration.PayCardo achieved a revenue of INR 0 in the most recent year, 2023, and reported an EBITDA of INR -53,098.80 for the same period. The company generates revenue through a multifaceted transaction structure that emphasizes B2B relationships, involving subscription services for its payment platform and partnerships with retailers to facilitate customer transactions.In June 2022, PayCardo Private Limited raised INR 4.60 million in a Seed funding round to support its growth strategies. The company plans to utilize this funding to expand its team across various verticals, conduct landscape market research, and create the necessary infrastructure to scale its platform. Additionally, it aims to build partnerships and interfaces with key business partners, which are essential for its future expansion into new markets.

## Funding rounds

- Seed, Jun 30, 2022, $0.1M — MaGEHold

## Investors

- MaGEHold (https://capitalatlas.ai/funds/magehold) — Seed