# Speckle Internet Solutions Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/speckle-internet-solutions-private

- Industry: Financial Services
- Headquarters: Hyderabad, India
- Website: www.paymatrix.in
- Total disclosed funding: $0M
- Latest round: Seed (Feb 1, 2018)
- Investors on record: 2

## About

Speckle Internet Solutions Private Limited specializes in digital payment solutions, streamlining financial transactions for individuals, businesses, and educational institutions through a secure and user-friendly payment platform.Founded in 2015 in Hyderabad, India, Speckle Internet Solutions Private Limited operates a digital payment platform designed for secure electronic payments. The company has successfully closed 7 deals since its inception, with the most recent being on June 21, 2021. Speckle was acquired by Muthoot Fincorp Ltd. from IIIT-Hyderabad Incubator, StartupXseed Ventures, and SucSEED Venture Partners. Mukesh Anchuri, also the CEO, is one of the co-founders of the company.Paymatrix offers a comprehensive suite of digital payment solutions designed to streamline financial transactions for various stakeholders, including individuals, businesses, and educational institutions. The core product is their payment platform, which enables users to make secure electronic payments for services such as bill payments, tuition fees, and other recurring expenses. This platform incorporates a user-friendly interface that facilitates seamless transactions, ensuring efficiency and convenience for end users. Paymatrix aims to address the challenges of traditional payment methods by providing a reliable and accessible alternative that enhances user engagement and financial management. The company's offerings are tailored for markets across India, specifically targeting urban areas where digital payment adoption is rapidly increasing.In 2022, Paymatrix reported a revenue of USD 219,032 with an EBITDA of USD -61,268.8, reflecting its operational performance in the digital payment sector.Looking ahead, Speckle Internet Solutions Private Limited plans to enhance its payment platform with new features aimed at improving user experience. The company intends to expand its presence into additional urban markets across India by the end of 2023. Recent funding from the USD 100,000 round will support these product developments and market expansion efforts.

## Funding rounds

- Seed, Feb 1, 2018, $0M — IIIT-Hyderabad, IIITH TECHNOLOGY VENTURE PARTNERS LLP

## Investors

- IIIT-Hyderabad (https://capitalatlas.ai/funds/iiit-hyderabad) — Seed
- IIITH TECHNOLOGY VENTURE PARTNERS LLP — Seed