PayMeIndia - About the company
PayMeIndia is a seed company based in Noida (India), founded in 2016 by Mahesh Shukla and Sandeep Singh. It operates as a Developer of an online marketplace for personal loans. PayMeIndia has raised $2M in funding. The company has 136 active competitors, including 23 funded and 7 that have exited. Its top competitors include companies like Kissht, axio and LendenClub.
Company Details
Developer of an online marketplace for personal loans. It allows corporate employees to apply for online personal loans and get instant approval based on their social score, credit score, employment history, and KYC documents. It connects borrowers with multiple lending partners that enable them to choose from various loan products based on the interest rates and loan terms. It also features an app-based platform that is available for both Android and IOS devices.
- Website
- www.paymeindia.in/
- Social
- Email ID
- *****@paymeindia.in
- Phone Number
- +91 **********
- Registered Address
- 3RD FLOOR, Plot No-C-56A/10&11, OPPOSITE STELLAR IT PARK, Noida Sector 62, Gautam Buddha Nagar, Noida, Uttar Pradesh, India, 201309
Key Metrics
Founded Year
2016
Location
Noida, India
Stage
Seed
Total Funding
$2M in 3 rounds
Latest Funding Round
Investors
Ranked
17th among 136 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
343 as on Sep 30, 2026
Legal entities associated with PayMeIndia
PayMeIndia is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
PAYME INDIA FINANCIAL SERVICES PRIVATE LIMITED CIN: U65100UP2018PTC109797 , India, Active | Oct 29, 2018 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 25 (As on May 01, 2026) | |
GYAAN SPHERE PRIVATE LIMITED CIN: U72900UP2020PTC132382 , India, Active | Aug 08, 2020 | 0 - ₹10 Cr (As on Mar 31, 2025) | - | |
HUEY TECH PRIVATE LIMITED CIN: U74999UP2016PLC087958 , India, Active | Nov 25, 2016 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 496 (As on May 01, 2026) |
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PayMeIndia's funding and investors
PayMeIndia has raised a total funding of $2M over 3 rounds. Its first funding round was on Apr 26, 2018. PayMeIndia has 2 angel investors.
Here is the list of recent funding rounds of PayMeIndia:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 12, 2021 | 1638664 | Angel | 4402826 | 9698504 | 3877070 | 9143870 |
Apr 26, 2018 | 6404162 | Angel | 9707521 | 3424416 | 8706092 | 9102595 |
Apr 26, 2018 | 7564776 | Conventional Debt | 2115375 | 3221940 | 5734284 | 2624728 |
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PayMeIndia's founders and board of directors
Founder? Claim ProfileThe founders of PayMeIndia are Mahesh Shukla and Sandeep Singh. Mahesh Shukla is the CEO of PayMeIndia.
Here are the details of PayMeIndia's key team members:
- Mahesh Shukla: Founder & CEO of PayMeIndia and founder of 2 other companies, PayMe India and SALT. Contact Info: 1 email address
- Sandeep Singh: Director of PayMeIndia.
PayMeIndia's Board of Directors
PayMeIndia's board has 3 active members. Mahesh Kumar Shukla is part of team and Meenu Sharma and Vineet Daniel are independent board members.Here is the list of PayMeIndia's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 9y 9m | |
Independent board member | - | Current | 6y 11m | |
mslvhgl | Independent board member | - | Current | 1y 9m |
View details of PayMeIndia's Founder profiles and Board Members
PayMeIndia's employee count trend
PayMeIndia has 343 employees as of Sep 26. Here is PayMeIndia's employee count trend over the years:
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PayMeIndia's Competitors and alternates
Top competitors of PayMeIndia include Kissht, axio and LendenClub. Here is the list of Top 10 competitors of PayMeIndia, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of personal loans, business loans, and loans against property | $133M | 76/100 | ||
2nd | Provider of an online lending platform offering point of sale financing | $206M | 75/100 | ||
3rd | LendenClub 2015, Mumbai (India), Series A | Developer of a P2P lending platform for personal loans | $11.9M | 72/100 | |
4th |  Kredivo Holdings 2015, Jakarta (Indonesia), Series D | Provider of a consumer lending platform for financial applications | $660M | 69/100 | |
5th | Provider of personal loans with an application and digital loan process | $5.5M | 67/100 | ||
6th | A personal loan and financial solutions provider | $49.5M | 67/100 | ||
7th | Operator of an application providing instant personal loans to various demographics | $7.69M | 61/100 | ||
8th |  FincFriends 2017, Gurugram (India), Series A | Provider of unsecured digital consumer lending products | $16.6M | 60/100 | |
9th | Digital lending platform offering personal, business, two-wheeler, and loan-against-property | $476M | 60/100 | ||
10th | Provider of a platform for digitally selling credit cards and loans | $21.2M | 57/100 | ||
17th | PayMeIndia 2016, Noida (India), Seed | Developer of an online marketplace for personal loans | $2M | - | 54/100 |
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PayMeIndia's Investments and acquisitions
PayMeIndia has made no investments or acquisitions yet.
Reports related to PayMeIndia
Here is the latest report on PayMeIndia's geography:
News related to PayMeIndia
Media has covered PayMeIndia for 1 event in last 1 year, It was about company updates.
•
PayMe Doubles Monthly Disbursals to Rs 200 Cr, Targets Rs 2,000 Cr for FY27Entrackr•Oct 01, 2026•PayMeIndia
•
Fawry Dahab partners with PayMe to facilitate Egyptian expats transactionTechMoran•Mar 05, 2024•Fawry, PayMeIndia, PayMe
•
Fintech platform PayMe to invest Rs 200 crore in UP, creates 2,000 jobsBusiness Standard•Feb 09, 2023•PayMeIndia
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PayMe India elevates Vineet Daniel as Chief Technology OfficerAdgully•May 25, 2022•PayMeIndia, BenoSoftware
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Payme india issues over 1 lakh+ policies through collaboration with insurance broking & risk management firm marshFinancial IT•Mar 28, 2022•PayMeIndia, Marsh
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Online lending startup PayMe India raises $2 M from Singapore-based angel investorstechygoogle.com•Apr 26, 2018•PayMeIndia, Rajiv Punater, Rajiv Punater, Rajiv Punater and 2 others
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