When was RNFI Services founded?

RNFI Services was founded in 2015.

Where is RNFI Services located?

RNFI Services is headquartered in Delhi, India. It is registered at UG-5, Relipay House, Plot No. 42 DLF Industrial Area Kirti Nagar, West Delhi, New Delhi, Delhi, India, 110015.

Which legal entities is RNFI Services associated with?

RNFI Services is associated with RNFI SERVICES LIMITED and 3 others.

How many employees does RNFI Services have?

As of Apr 30, 2026, the latest employee count at RNFI Services is 1325.

Is RNFI Services a funded company?

RNFI Services is a funded company, having raised a total of $***** in its 1st and only funding round.

What is the annual revenue of RNFI Services?

Annual revenue of RNFI Services is between ₹500 Cr and ₹1,000 Cr as on Mar 31, 2025

Where does RNFI Services rank among its competitors?

RNFI Services ranks 5th amongst 312 active competitors, of which 14 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was PayNearby, which secured $2.31M in Feb, 2025.

Who are the top competitors of RNFI Services?

RNFI Services' top competitors include MobiKwik, Spice Money and One97 Communications. Among them, PayNearby secured the most recent funding round in February, 2025.

RNFI Services - 2026 Company Profile, Team, Competitors & Financials

Company Details

RNFI Services provides digital payment services to users. Offers payment gateway, domestic money remittance, mobile recharge and bill payments, micro ATM etc.

Website: rnfiservices.com
Email ID: *****@rnfiservices.com
Phone Number: +91 **********
Registered Address: UG-5, Relipay House, Plot No. 42 DLF Industrial Area Kirti Nagar, West Delhi, New Delhi, Delhi, India, 110015

Key Metrics

Founded Year

2015

Location

Delhi, India

Stage

Public

Ranked

5^th among 312 active competitors

Annual Revenue

₹500 - ₹1,000 Cr as on Mar 31, 2025

Employee Count

1,325 as on Apr 30, 2026

Investment & Acquisitions

Payworld

Similar Companies

Baobab & 1055 more

Exit Details

Public

View RNFI Services' full profile

RNFI Services is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
RNFI SERVICES LIMITED CIN: L66190DL2015PLC286390 , India, Active	Oct 13, 2015	$100M - $500M (As on Mar 31, 2025)	1387 (As on Mar 01, 2026)
RNFI CAPITAL PRIVATE LIMITED CIN: U65999DL2020PTC373557 , India, Strike off	Nov 23, 2020	-	-
RNFI MONEY PRIVATE LIMITED CIN: U67100DL2019PTC351628 , India, Active	Jun 20, 2019	$50M - $100M (As on Mar 31, 2025)	103 (As on Feb 28, 2026)
CIPHERSQUARE DIGITAL PRIVATE LIMITED CIN: U74999DL2018PTC340872 , India, Active	Oct 22, 2018	$0 - $1M (As on Mar 31, 2025)	1385 (As on Aug 31, 2024)

RNFI Services got listed on Jul 29, 2024.

Click here to take a look at RNFI Services's IPO in detail

RNFI Services has not raised any funding rounds yet.

The founders of RNFI Services are Kapil Chawla and Nitesh Kumar.

Here are the details of RNFI Services' key team members:

Kapil Chawla: Co-Founder of RNFI Services. They serve on the board of 1 company.
Nitesh Kumar: Co-Founder & CTO of RNFI Services. They serve on the board of 1 company.

RNFI Services' Board of Directors

RNFI Services's board has 2 active members. Nitesh Kumar and Ranveer Khyaliya are part of team.

Here is the list of RNFI Services' board of directors:

Name	Type	Representing	Status	Duration
Nitesh Kumar	Team	-	Current	10y 7m
Ranveer Khyaliya	Team	-	Current	10y 7m
cvkwpad	Team	-	Past	1y 3m
chrybsk	Team	-	Past	2y 4m

View details of RNFI Services's Founder profiles and Board Members

RNFI Services' employee count trend

RNFI Services has 1,325 employees as of Apr 26. Here is RNFI Services's employee count trend over the years:

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Top competitors of RNFI Services include MobiKwik, Spice Money and One97 Communications. Here is the list of Top 10 competitors of RNFI Services, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	MobiKwik 2009, Gurugram (India), Public	Provider of online mobile and DTH recharge and bill payment	$284M	Peak XV Partners, Hindustan Media Ventures ... & 125 others	84/100
2nd	Spice Money 2000, Noida (India), Series B	Digital payment and banking service provider in rural areas	$15.4M	Sood Infomatics, Lehman Brothers Opportunity ... & 56 others	67/100
3rd	One97 Communications 2000, Noida (India), Public	Provider of online platform for payments, recharges, financial, and travel services	-	-	65/100
4th	AutoPe Payment Solutions 2006, Gurugram (India), Unfunded	App-based platform for bill payments	-	-	60/100
5th	RNFI Services 2015, Delhi (India), Public	Digital payment solution provider	-	-	59/100
6th	PayNearby 2016, Mumbai (India), Seed	Digital platform providing range of payment and digital banking services	$4.55M	Roha, Silk Bridge Partners & 9 others	59/100
7th	HURU 2021, Delhi (India), Unfunded	App-based platform for goal-based saving management, bill payments, remittances, and salary advances	-	-	54/100
8th	Bharat Connect 2013, Mumbai (India), Unfunded	Operator of a platform facilitating bill payment across multiple categories	-	-	53/100
9th	Vakrangee 1990, Mumbai (India), Public	Agent-based platform offering correspondent banking solutions	-	Baron Funds	52/100
10th	FingPay 2016, Indore (India), Series A	Provider of banking and financial services for last mile transactions	$3.73M	ICICI Bank, IvyCap Ventures & 5 others	52/100