When was Nupay founded?

Nupay was founded in 2018 and raised its 1st funding round 1 year after it was founded.

Where is Nupay located?

Nupay is headquartered in Gurugram, India. It is registered at B4/223, SAFDARJUNG ENCLAVE, South West Delhi, NEW DELHI, Delhi, India, 110029.

Which legal entities is Nupay associated with?

Nupay is associated with ENTELLUS BUSINESS SOLUTIONS PRIVATE LIMITED.

How many employees does Nupay have?

As of Aug 31, 2025, the latest employee count at Nupay is 24.

Is Nupay a funded company?

Nupay is a funded company, having raised a total of $1.55M across 4 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Oct 10, 2019.

How much is Nupay worth?

The latest valuation of Nupay is ₹***** as of May 30, 2022.

When was the latest funding round of Nupay?

Nupay's latest funding was a $***** Seed round on Apr 07, 2022, with participation from 3 investors.

What is the annual revenue of Nupay?

Annual revenue of Nupay is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Nupay rank among its competitors?

Nupay ranks 7th amongst 417 active competitors, of which 23 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Zeta, which secured $50M in Feb, 2025.

Who are the top competitors of Nupay?

Nupay's top competitors include Zuora, ION Group and Zeta. Among them, Zeta secured the most recent funding round in February, 2025.

Nupay - 2026 Company Profile, Team, Funding, Competitors & Financials

Nupay is a seed company based in Gurugram (India), founded in 2018 by Neeraj Singh and Alok Arora. It operates as a Provider of API infrastructure for banking, payments, lending, and reconciliation. Nupay has raised $1.55M in funding from investors like LetsVenture, Venture Catalysts and Italica, with a current valuation of ₹*****. The company has 417 active competitors, including 23 funded and 13 that have exited. Its top competitors include companies like Zuora, ION Group and Zeta.

Company Details

Provider of API infrastructure for banking, payments, lending, and reconciliation. It offers a platform for enterprises to manage banking operations across multiple banks. The company provides solutions for payment collection, payouts, recurring payments, and embedded finance. It facilitates account opening, loan offerings, and reconciliation services, connecting businesses to banking infrastructure through APIs.

Website: nupay.co.in
Social
Email ID: *****@nupay.co.in
Phone Number: +91 **********
Registered Address: B4/223, SAFDARJUNG ENCLAVE, South West Delhi, NEW DELHI, Delhi, India, 110029

Key Metrics

Founded Year

2018

Location

Gurugram, India

Stage

Seed

Total Funding

$1.55M in 4 rounds

Latest Funding Round

Seed, Apr 07, 2022, $*****

Post Money Valuation

₹***** as on May 30, 2022

Investors

LetsVenture & 76 more

Ranked

7^th among 417 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

24 as on Aug 31, 2025

Similar Companies

Billtrust & 2426 more

View Nupay's full profile

Nupay is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ENTELLUS BUSINESS SOLUTIONS PRIVATE LIMITED CIN: U74999DL2018PTC335020 , India, Active	Jun 07, 2018	₹10 - ₹50 Cr (As on Mar 31, 2025)	20 (As on May 01, 2026)

Nupay has raised a total funding of $1.55M over 4 rounds. Its first funding round was on Oct 10, 2019. Its latest funding round was a Seed round on Apr 07, 2022 for $*****. 3 investors participated in its latest round. Nupay has 15 institutional investors and 62 angel investors.

Here is the list of recent funding rounds of Nupay:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 07, 2022	1741099	Seed	2119390	5843717	6013774	4147463
Oct 05, 2020	5600606	Seed	2582642	2175346	7787360	Pranjal Corporate Services & 53 more
Jan 13, 2020	2040787	Seed	7789613	4763099	Pranjal Corporate Services & 6 more	Navin Puri & 53 more

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View details of Nupay's funding rounds and investors

The founders of Nupay are Neeraj Singh and Alok Arora. Alok Arora is the CEO of Nupay.

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

Neeraj Singh: Co-Founder of Nupay. They are also an angel investor in 5 startups and serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Alok Arora: Co-Founder & CEO of Nupay. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

Nupay's Board of Directors

Nupay's board has 3 active members. Neeraj Singh and Alok Arora are part of team and Vikas Kukreja is independent board member.

Here is the list of Nupay's board of directors:

Name	Type	Representing	Status	Duration
Neeraj Singh	Team	-	Current	8y 1m
Alok Arora	Team	-	Current	8y 1m
Vikas Kukreja	Independent board member	-	Current	10y 2m

View details of Nupay's Founder profiles and Board Members

Nupay's employee count trend

Nupay has 24 employees as of Aug 25. The total employee count is 4.0% more than what it was in Aug 24. Here is Nupay's employee count trend over the years:

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Top competitors of Nupay include Zuora, ION Group and Zeta. Here is the list of Top 10 competitors of Nupay, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Zuora 2007, Redwood City (United States), Acquired	Cloud-based invoice and subscription management solutions for businesses	$243M	Northgate Capital, Tenaya Capital & 28 others	77/100
2nd	ION Group 1998, London (United Kingdom), Late Stage	Treasury management solutions for financial institutions and banks	$400M	The Carlyle Group, TA Associates & 3 others	66/100
3rd	Zeta 2015, San Francisco (United States), Series D	Provider of technology platforms and integrated services for financial institutions	$390M	Mastercard, SoftBank Vision Fund & 19 others	63/100
4th	Cerillion Technologies 1999, London (United Kingdom), Public	Provider of composable BSS/OSS software solutions for telecom operators	$9M	Herald Investment Management, Origin Capital ... & 3 others	62/100
5th	Roinet Solution 2012, Gurugram (India), Seed	Developer of financial inclusion and digital finance and banking solutions to under-served communities	$2.2M	Southfield Group & 4 others	60/100
6th	Swipe 2021, Hyderabad (India), Seed	SaaS-based billing and accounting solutions for SMEs	$2.04M	Y Combinator, Riidl & 14 others	58/100
7th	Nupay 2018, Gurugram (India), Seed	Provider of API infrastructure for banking, payments, lending, and reconciliation	$1.55M	LetsVenture, Venture Catalysts & 75 others	54/100
8th	Gamut Infosystems Limited 1990, Kolkata (India), Funding Raised	Accounting and ERP management platform	-	-	51/100
9th	MargBooks 2021, Delhi (India), Unfunded	Provider of cloud-based billing and accounting software for small and medium businesses	-	-	51/100
10th	FloBiz 2019, Bengaluru (India), Series B	Provider of mobile-first billing and accounting solutions for SMBs	$44M	Elevation Capital, Peak XV Partners & 29 others	51/100

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Founders (largest shareholder) own 55.23%, Funds own 7.10%, Enterprises own 1.75% and Angels own 22.42%. The net worth of Nupay's founders is INR 60.2Cr as of May 30, 2022.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	55.23%	60.2Cr	4391853	8093523	6970601	9099997
Neeraj Singh	7587036	1658777	9209130	6379143	6802966	5402409
Alok Arora	2462771	2865135	9474557	9415034	7866215	5479664
Fund	7.10%	7.75Cr	9190326	8324892	9571940	6792705
LetsVenture	2	6	4	2	3	7
DMI Sparkle Fund	3	4	4	3	5	7
Pranjal Corporate Services	0	0	0	0	0	0
Vista Business Ventures	0	0	0	0	0	0
Enterprise	1.75%	1.91Cr	5	6	1	3
Angel	22.42%	24.4Cr	7459898	4055165	5507418	9384369
Navin Puri	87	71	48	65	61	12
Vijaya Lakshmi Chalasani	0	0	0	0	0	0
Other People	6.23%	6.79Cr	611110	912282	917305	404166
ESOP Pool	7.28%	7.94Cr	1845886	9314997	9179884	5666997
Total	100.00%	109Cr	6155072	8907128	4738227	4173701