SadaPay - About the company
SadaPay is an acquired company based in Islamabad (Pakistan), founded in 2018 by Brandon Timinsky. It operates as a Digital bank for individuals. SadaPay has raised $20M in funding from investors like Recharge Capital, Raptor Group and Kingsway Capital. The company has 1625 active competitors, including 149 funded and 96 that have exited. Its top competitors include companies like Nubank, Chime and Starling Bank.
Company Details
Digital bank for individuals. It offers services such as savings and deposit accounts, NFC-enabled prepaid cards for purchases, money transfers, cash withdrawals, and more. It features biometric authentication and identity verification for login. It uses AI-enabled tools for fraud detection.
- Website
- sadapay.pk
Key Metrics
Founded Year
2018
Location
Islamabad, Pakistan
Stage
Acquired
Total Funding
$20M in 2 rounds
Latest Funding Round
Investors
Ranked
78th among 1625 active competitors
Employee Count
305 as on Sep 30, 2026
Exit Details
Acquired by Papara (Feb 17, 2024)
SadaPay's acquisition details
SadaPay got acquired by Papara on Feb 17, 2024.
Click here to take a look at SadaPay's acquisition in detail
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SadaPay's funding and investors
SadaPay has raised a total funding of $20M over 2 rounds. Its first funding round was on Mar 31, 2021. Its latest funding round was a Seed round on Apr 20, 2022 for $*****. 3 investors participated in its latest round. SadaPay has 3 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of SadaPay:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 20, 2022 | 9803524 | Seed | 3161568 | 5214286 | 7548770 | 6982776 |
Mar 31, 2021 | 9050171 | Seed | 8351273 | 2278959 |
View details of SadaPay's funding rounds and investors
SadaPay's founders and board of directors
Founder? Claim ProfileThe founders of SadaPay is Brandon Timinsky. Brandon Timinsky is the CEO of SadaPay.
Here are the details of SadaPay's key team members:
- Brandon Timinsky: Founder & CEO of SadaPay.
View details of SadaPay's Founder profiles and Board Members
SadaPay's employee count trend
SadaPay has 305 employees as of Sep 26. Here is SadaPay's employee count trend over the years:
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SadaPay's Competitors and alternates
Top competitors of SadaPay include Nubank, Chime and Starling Bank. Here is the list of Top 10 competitors of SadaPay, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of digital banking services, including credit cards and accounts | $2.27B | 89/100 | ||
2nd | Chime 2012, San Francisco (United States), Public | Digital bank for individuals | $3.15B | 83/100 | |
3rd | Starling Bank 2014, London (United Kingdom), Series D | Provider of digital banking services including personal and business accounts | $1.01B | 83/100 | |
4th | Revolut 2015, London (United Kingdom), Series E | Provider of banking solutions for retail customers and businesses | $1.99B | 82/100 | |
5th | Monzo 2015, United Kingdom, Series I | Provider of digital banking services including accounts savings and credit | $2.37B | 82/100 | |
6th | Dave 2016, Los Angeles (United States), Public | Developer of a mobile banking application offering financial management tools | $63.6M | 81/100 | |
7th | Atom bank 2014, Blyth (United Kingdom), Series F | Provider of digital savings accounts mortgages and commercial business loans | $852M | 79/100 | |
8th | Green Dot 1999, Pasadena (United States), Acquired | Provider of mobile banking services, debit cards, and related financial products | $109M | 79/100 | |
9th | Provider of mobile banking services, including savings, investment, and crypto | $1.72B | 78/100 | ||
10th | Digital banking platform offering personal and business accounts, cards, savings, investing, and budgeting tools | $649M | 78/100 | ||
78th | Digital bank for individuals | $20M | 59/100 |
Looking for more details on SadaPay's competitors? Click here to see the top ones
SadaPay's Investments and acquisitions
SadaPay has made no investments or acquisitions yet.
Reports related to SadaPay
Here is the latest report on SadaPay's sector:
News related to SadaPay
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CCP approves 100% acquisition of fintech SadaPay by Turkish firmBusiness Recorder•Aug 13, 2024•PPR Ventures, SadaPay, Cc
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CCP Approves 100% Acquisition of Sadapay by Turkish Fintech UnicornProPakistani•Aug 13, 2024•SadaPay
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Fintech Giants Papara and SadaPay Merge in Multi-Million DealCrowdfund Insider•Feb 18, 2024•Papara, SadaPay
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Fintech SadaPay Remains Focused on Supporting Pakistan’s Evolving Freelancer and Digital EconomyCrowdfund Insider•Dec 05, 2023•SadaPay, PITB
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SadaPay Enables Apple Pay and Google Pay Payments for Freelancers in PakistanProPakistani•Oct 19, 2023•SadaPay, Apple, Google
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