PayNet - About the company
PayNet is a seed company based in Mumbai (India), founded in 2014 by Sourabh Chatterjee and Anis Warsi. It operates as a Provider of payment gateway services, M-ATM, M-POS, soundbox, and QR solutions. PayNet has raised $26.9K in funding from Rykka Corporation, with a current valuation of $*****. The company has 157 active competitors, including 18 funded and 5 that have exited. Its top competitors include companies like BharatPe, PayPay and Liquid Group.
Company Details
Provider of payment gateway services, M-ATM, M-POS, soundbox, and QR solutions. The company provides payment solutions, including transaction audio confirmations. It offers tools such as APIs, plugins, and libraries for integration. The company supports payment methods, including cards, net banking, UPI, and mobile wallets.
- Website
- paynet.co.in
- Social
- Email ID
- *****@paynet.co.in
- Phone Number
- +91 **********
- Registered Address
- UNIT NO.205, CHIRAG INFOTECH, 2ND FLOOR, ROAD NO.16Z, PLOT NO-A 296, THANE, Wagle I.E., Thane, Thane, Maharashtra, India, 400604
Key Metrics
Founded Year
2014
Location
Mumbai, India
Stage
Seed
Total Funding
$26.9K in 1 round
Latest Funding Round
Post Money Valuation
$***** as on Jul 26, 2021
Investors
Ranked
6th among 157 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2022
Employee Count
27 as on May 31, 2026
Similar Companies
Legal entities associated with PayNet
PayNet is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CARNELIAN PAYMENT NETWORKS INDIA PRIVATE LIMITED CIN: U65923MH2013PTC247081 , India, Active | Aug 16, 2013 | 0 - ₹10 Cr (As on Mar 31, 2022) | - |
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PayNet's funding and investors
PayNet has raised a total funding of $26.9K over 1 round. Its latest funding round was a Seed round on Jul 26, 2021 for $*****. 1 investor participated in its latest round. PayNet has 2 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of PayNet:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 26, 2021 | 1118693 | Seed | 4708232 | 2435345 | 6596024 | 5132921 |
Access funding benchmarks and valuations. Sign up today!View details of PayNet's funding rounds and investors
PayNet's founders and board of directors
Founder? Claim ProfileThe founders of PayNet are Sourabh Chatterjee and Anis Warsi.
Here are the details of PayNet's key team members:
- Sourabh Chatterjee: Co-Founder of PayNet. They are also an angel investor in 1 startup.
- Anis Warsi: Co-Founder & CEO of PayNet. Contact Info: 1 email address
View details of PayNet's Founder profiles and Board Members
PayNet's employee count trend
PayNet has 27 employees as of May 26. Here is PayNet's employee count trend over the years:
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PayNet's Competitors and alternates
Top competitors of PayNet include BharatPe, PayPay and Liquid Group. Here is the list of Top 10 competitors of PayNet, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of payment solutions, lending, and investment opportunities for businesses | $584M | 83/100 | ||
2nd | Provider of a platform for cashless payments via QR codes | - | 63/100 | ||
3rd |  Liquid Group 2015, Singapore (Singapore), Seed | Cross-border payment solution for individuals and businesses | - | 59/100 | |
4th |  tomato pay 2014, London (United Kingdom), Seed | QR-code-based payment for businesses and sole traders | $3.27M | 50/100 | |
5th |  urpay 2021, Riyadh (Saudi Arabia), Unfunded | Provider of digital wallet services for payments and money transfers | - | - | 46/100 |
6th | Provider of payment gateway services, M-ATM, M-POS, soundbox, and QR solutions | $26.9K | 45/100 | ||
7th |  Atoa 2022, London (United Kingdom), Seed | QR code solution for businesses | $17.2M | 45/100 | |
8th |  Omnyway 2016, San Mateo (United States), Series A | Provider of payment solution for businesses | $28.5M | 44/100 | |
9th | QR-code enabled payment solution for businesses | $6M | 43/100 | ||
10th |  O-plati.by 2019, Minsk (Belarus), Unfunded | QR code based payments | - | - | 42/100 |
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PayNet's Latest cap tables and shareholding
Founders (largest shareholder) own 87.67%, Enterprises own 2.59% and Other People own 9.74%. The net worth of PayNet's founders is INR 6.77Cr as of Jul 26, 2021.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 87.67% | 6.77Cr | 5586614 | 6357307 | 6036154 | 4702335 |
8211962 | 7696621 | 7426216 | 3646135 | 5617384 | 9173114 | |
Enterprise | 2.59% | 20L | 38 | 96 | 94 | 69 |
Other People | 9.74% | 75.2L | 9196307 | 5995844 | 4888807 | 5519075 |
Total | 100.00% | 7.72Cr | 7125678 | 8912206 | 8845346 | 2368422 |
To unlock detailed Cap Table of PayNet Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of PayNet's Shareholding
PayNet's Investments and acquisitions
PayNet has made no investments or acquisitions yet.
Reports related to PayNet
Here is the latest report on PayNet's sector:
News related to PayNet
Media has covered PayNet for 1 event in last 1 year, It was about company updates.
•
Malaysian fintech firm PayNet, Ant International expand QR payTech in Asia•Aug 21, 2025•PayNet, Ant International
•
iyzico buys Paynet for 87 million dollarsegirisim•May 07, 2024•Iyzi Payments, Paynet, PayNet, PayNet
•
•
•
BNB Bank Goes Digital with PayNet to Transform Credit for Small BusinessesBusiness Wire•Nov 14, 2018•BNB Bank, PayNet, PayNet
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