# Rapipay Fintech Private

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

- Industry: Financial Services
- Headquarters: Noida, India
- Website: www.rapipay.com
- Total disclosed funding: $8.5M
- Latest round: Series A (Aug 4, 2020)
- Investors on record: 5

## About

Rapipay Fintech Private Limited is an Indian fintech company dedicated to enhancing digital payment solutions through a comprehensive digital platform for seamless transactions for consumers and businesses.Founded in 2009, Rapipay Fintech Private Limited operates from Noida, India, and provides a digital payment platform streamlining transactions for its users. The company has raised INR 1097.00 mn in venture funding, co-led by DLF Group and others, with its most recent funding round occurring on February 8, 2022. The company is co-led by CEOs Nipun Jain and Vinay Nawghare, contributing to its strategic direction and operational management.Rapipay offers a comprehensive suite of financial technology services aimed at enhancing digital payment solutions in emerging markets. Their core product is a digital payment platform designed to facilitate seamless transactions for consumers and businesses alike. This platform includes features such as mobile wallet services, bill payment solutions, and remittance options that aim to simplify everyday financial activities for users. Targeting both urban and rural populations, Rapipay serves a diverse client base, including individual consumers, small to medium-sized enterprises, and larger corporations across various sectors. Their products are primarily marketed in South Asia, with a specific focus on India, where the demand for digital financial solutions has significantly increased in recent years.In the most recent fiscal year, 2023, Rapipay generated revenue amounting to INR 54,724,811.80 with an EBITDA of -INR 10,482,386.70, reflecting the company's current performance within the fintech landscape.Following the fundraising of INR 1097.00 mn in February 2022, Rapipay Fintech Private Limited plans to utilize these funds to enhance its technology and scale its existing payments business. The company's strategy includes the development of new products aimed at expanding its service offerings and will also focus on entering new geographic markets to increase its reach and customer base.

## Funding rounds

- Series A, Aug 4, 2020, $8.5M — Sabre Partners, Asian Healthcare Fund, ACME Cleantech Solutions, Rangoli Resorts Private Limited, QRG Holdings

## Investors

- Sabre Partners (https://capitalatlas.ai/funds/sabre-partners) — Series A
- Asian Healthcare Fund (https://capitalatlas.ai/funds/asian-healthcare-fund) — Series A
- ACME Cleantech Solutions — Series A
- Rangoli Resorts Private Limited — Series A
- QRG Holdings — Series A