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 222 active competitors, including 39 funded and 7 that have exited. Its top competitors include companies like Stashfin, Finnable and Fibe.
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
40th among 222 active competitors
Annual Revenue
₹25.2Cr as on Mar 31, 2024
Employee Count
552 as on Jun 30, 2023
Legal entities associated with PayMeIndia
PayMeIndia is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
HUEY TECH PRIVATE LIMITED CIN: U74999UP2016PTC087958 , India, Active | Nov 25, 2016 | $43 (As on Mar 31, 2024) | 307 (As on May 31, 2025) | |
GYAAN SPHERE PRIVATE LIMITED CIN: U72900UP2020PTC132382 , India, Active | Aug 08, 2020 | $881 (As on Mar 31, 2025) | - | |
PAYME INDIA FINANCIAL SERVICES PRIVATE LIMITED CIN: U65100UP2018PTC109797 , India, Active | Oct 29, 2018 | $3.04M (As on Mar 31, 2024) | 14 (As on May 31, 2025) |
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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 | 3707262 | Angel | 1751060 | 7339637 | 3752256 | 9067023 |
Apr 26, 2018 | 4641314 | Angel | 9943368 | 3397102 | 6262382 | 4432865 |
Apr 26, 2018 | 7755636 | Conventional Debt | 8214434 | 1613327 | 1667555 | 6133153 |
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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 1 other company. Contact Info: 1 email address
- Sandeep Singh: Director of PayMeIndia.
View details of PayMeIndia's Founder profiles and Board Members
PayMeIndia's employee count trend
PayMeIndia has 552 employees as of Jun 23. Here is PayMeIndia's employee count trend over the years:
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PayMeIndia's Competitors and alternates
Top competitors of PayMeIndia include Stashfin, Finnable and Fibe. 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 digital lending and instant credit line solutions for individuals | $115M | 79/100 | ||
2nd | Platform offering online personal loans with minimal documentation | $33.1M | 78/100 | ||
3rd | Provider of personal loans, credit lines, and financial wellness solutions | $215M | 71/100 | ||
4th | A provider of online instant personal loan solutions | $33.6M | 70/100 | ||
5th | RupeeRedee 2018, Gurugram (India), Series B | Provider of online platform for short-term, unsecured personal loans | $5.7M | 70/100 | |
6th | Provider of an online lending platform offering point of sale financing | $206M | 70/100 | ||
7th | Provider of digital financial services including loans, transfers, payments, and investments | $106M | 67/100 | ||
8th | Provider of personal loans, business loans, and loans against property | $133M | 67/100 | ||
9th |  Kredivo Holdings 2015, Jakarta (Indonesia), Series D | Provider of a consumer lending platform for financial applications | $660M | 66/100 | |
10th | A personal loan and financial solutions provider | $26.7M | 63/100 | ||
40th | PayMeIndia 2016, Noida (India), Seed | Developer of an online marketplace for personal loans | $2M | - | 44/100 |
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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
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Fawry Dahab partners with PayMe to facilitate Egyptian expats transactionTechMoran•Mar 05, 2024•Fawry, PayMeIndia, PayMe
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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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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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