When was DirectPay founded?

DirectPay was founded in 2017 and raised its 1st funding round 1 year after it was founded.

Where is DirectPay located?

DirectPay is headquartered in Colombo, Sri Lanka.

How many employees does DirectPay have?

As of Jun 30, 2026, the latest employee count at DirectPay is 8.

Is DirectPay a funded company?

DirectPay is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Feb 28, 2018.

When was the latest funding round of DirectPay?

DirectPay's latest funding was a $***** Seed round on Feb 28, 2018, with participation from 1 investor.

Where does DirectPay rank among its competitors?

DirectPay ranks 705th amongst 1477 active competitors, of which 139 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Jupiter, which secured $15M in Oct, 2025.

Who are the top competitors of DirectPay?

DirectPay's top competitors include Grab, PhonePe and Jupiter. Among them, Jupiter secured the most recent funding round in October, 2025.

DirectPay - 2026 Company Profile, Team, Funding & Competitors

DirectPay is a seed company based in Colombo (Sri Lanka), founded in 2017 by Kanishka Weeramunda, Dinesh Karunathilaka and Sasindu Pathiranage. It operates as a Wallet-based payments. DirectPay has raised an undisclosed amount in funding from John Keells X. The company has 1477 active competitors, including 139 funded and 61 that have exited. Its top competitors include companies like Grab, PhonePe and Jupiter.

Company Details

DirectPay offers wallet-based payments to consumers. It offers services such as fund transfer, QR-based payments, bill splitting, tip payments, and many more. It facilitates account transfers between consumers and merchants. The app is available on iOS and Android devices.

Website: directpay.lk
Social
Email ID: *****@directpay.lk
Phone Number: +94 **********

Key Metrics

Founded Year

2017

Location

Colombo, Sri Lanka

Stage

Seed

Latest Funding Round

Seed, Feb 28, 2018, $*****

Investors

John Keells X

Ranked

705^th among 1477 active competitors

Employee Count

8 as on Jun 30, 2026

Similar Companies

PhonePe & 333 more

View DirectPay's full profile

DirectPay has raised funding over 1 round. Its latest funding round was a Seed round on Feb 28, 2018 for $*****. 1 investor participated in its latest round. DirectPay has 1 institutional investor.

Here is the list of recent funding rounds of DirectPay:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 28, 2018	9666410	Seed	2964400	4645746	2044638	6327407

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View details of DirectPay's funding rounds and investors

The founders of DirectPay are Kanishka Weeramunda, Dinesh Karunathilaka and Sasindu Pathiranage.

Here are the details of DirectPay's key team members:

Kanishka Weeramunda: Founder of DirectPay and founder of 1 other company.
Dinesh Karunathilaka: Founder of DirectPay and founder of 1 other company.
Sasindu Pathiranage: Co-Founder of DirectPay.

View details of DirectPay's Founder profiles and Board Members

DirectPay's employee count trend

DirectPay has 8 employees as of Jun 26. Here is DirectPay's employee count trend over the years:

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Top competitors of DirectPay include Grab, PhonePe and Jupiter. Here is the list of Top 10 competitors of DirectPay, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Grab 2012, Singapore (Singapore), Public	Operator of a platform providing ride-hailing, food delivery, and payment services	$10.4B	DiDi, SoftBank Group & 108 others	88/100
2nd	PhonePe 2015, Bengaluru (India), Acquired	Provider of digital payment, financial, and technology solutions for consumers	$1.71B	Walmart, General Atlantic & 25 others	86/100
3rd	Jupiter 2019, Mumbai (India), Series C	Online platform offering a suite of financial services	$201M	Peak XV Partners, Z47 & 80 others	80/100
4th	MobiKwik 2009, Gurugram (India), Public	Provider of digital payment services for mobile and utility bills	$284M	Peak XV Partners, NET1 & 125 others	77/100
5th	Venmo 2009, New York City (United States), Acquired	Provider of a platform for sending and receiving payments between users	$1.3M	Greycroft, RRE Ventures & 8 others	76/100
6th	Paytm 2000, Noida (India), Public	Provider of digital payment processing and financial service management tools	$2.76B	Alibaba Group, T. Rowe Price & 76 others	75/100
7th	Curve 2015, London (United Kingdom), Acquired	Provider of digital wallet software consolidating multiple payment card accounts	$323M	Seedcamp, Cohen Circle & 105 others	74/100
8th	Citrus Pay 2011, Mumbai (India), Acquired	Online payment app for consumers and businesses	$32.5M	Peak XV Partners, Ascent Capital & 4 others	74/100
9th	GCash 2015, Taguig (Philippines), Series D	Provider of a platform for financial transactions and related services	$175M	Bow Wave Capital Management, Insight Partners ... & 2 others	73/100
10th	bKash 2011, Dhaka (Bangladesh), Series C	Mobile financial services and payment system for consumers	$261M	SoftBank Vision Fund, Alipay & 3 others	73/100
705th	DirectPay 2017, Colombo (Sri Lanka), Seed	Wallet-based payments	-	John Keells X	25/100