When was Safepay founded?

Safepay was founded in 2017 and raised its 1st funding round 3 years after it was founded.

Where is Safepay located?

Safepay is headquartered in Karachi, Pakistan.

How many employees does Safepay have?

As of Aug 31, 2026, the latest employee count at Safepay is 25.

Is Safepay a funded company?

Safepay is a funded company, having raised a total of $150K across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Aug 26, 2020.

When was the latest funding round of Safepay?

Safepay's latest funding was a $***** Seed round on Feb 11, 2021, with participation from 6 investors.

Where does Safepay rank among its competitors?

Safepay ranks 743rd amongst 6288 active competitors, of which 532 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Safepay?

Safepay's top competitors include PayPal, Stripe and Razorpay. Among them, Flutterwave secured the most recent funding round in July, 2026.

Safepay - 2026 Company Profile, Team, Funding & Competitors

Safepay is a seed company based in Karachi (Pakistan), founded in 2017 by Dillon Shokar, Raza Naqvi and Ziyad Parekh. It operates as an Online payment platform for businesses. Safepay has raised $150K in funding from investors like Y Combinator, Stripe and Global Founders Capital. The company has 6288 active competitors, including 532 funded and 490 that have exited. Its top competitors include companies like PayPal, Stripe and Razorpay.

Company Details

Online payment platform for businesses. It allows businesses to control, manage, and track online payments from clients. It enables businesses to accept both local & international payments. It serves payment solutions to multiple business verticals including freelancers, entrepreneurs, non-profit organizations, and others.

Website: getsafepay.pk
Social
Email ID: *****@getsafepay.com
Phone Number: +92 **********

Key Metrics

Founded Year

2017

Location

Karachi, Pakistan

Stage

Seed

Total Funding

$150K in 2 rounds

Latest Funding Round

Seed, Feb 11, 2021, $*****

Investors

Y Combinator & 11 more

Ranked

743^rd among 6288 active competitors

Employee Count

25 as on Aug 31, 2026

Similar Companies

PayPal & 3756 more

View Safepay's full profile

Safepay has raised a total funding of $150K over 2 rounds. Its first funding round was on Aug 26, 2020. Its latest funding round was a Seed round on Feb 11, 2021 for $*****. 6 investors participated in its latest round. Safepay has 12 institutional investors.

Here is the list of recent funding rounds of Safepay:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 11, 2021	9412220	Seed	1537197	5267439	1838047	6140945
Aug 26, 2020	9168218	Seed	2123602	1431710	Y Combinator	1455476

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View details of Safepay's funding rounds and investors

The founders of Safepay are Dillon Shokar, Raza Naqvi and Ziyad Parekh.

Here are the details of Safepay's key team members:

Dillon Shokar: Co-Founder of Safepay and founder of 1 other company.
Raza Naqvi: Co-Founder of Safepay.
Ziyad Parekh: Founder of Safepay.

View details of Safepay's Founder profiles and Board Members

Safepay's employee count trend

Safepay has 25 employees as of Aug 26. Here is Safepay's employee count trend over the years:

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Top competitors of Safepay include PayPal, Stripe and Razorpay. Here is the list of Top 10 competitors of Safepay, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayPal 1998, United States, Public	Provider of online payment solutions, money transfers, and virtual wallets	$216M	ING, MDP & 29 others	87/100
2nd	Stripe 2010, San Francisco (United States), Series I	Provider of financial infrastructure solutions for revenue growth and payment processing	$9.81B	General Catalyst, Sequoia Capital & 135 others	85/100
3rd	Razorpay 2014, Bengaluru (India), Series F	Provider of payment and business banking solutions for enterprises	$742M	Peak XV Partners, GIC & 36 others	85/100
4th	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Mastercard & 73 others	83/100
5th	Xendit 2015, Jakarta (Indonesia), Series D	Online payment and money transfer platform for businesses	$554M	Accel, Amasia & 28 others	83/100
6th	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 52 others	83/100
7th	Adyen 2006, Amsterdam (Netherlands), Public	Provider of end-to-end payment, data, and financial management platform solutions	$266M	Index Ventures, Iconiq Capital & 15 others	82/100
8th	Pine Labs 1998, Noida (India), Public	Provider of in-store and online payment, prepaid, and financial solutions	$954M	Peak XV Partners, Actis & 187 others	80/100
9th	GoCardless 2011, London (United Kingdom), Acquired	Provider of automated bank payment collection and recurring billing services	$540M	Adams Street Partners, Permira & 26 others	80/100
10th	PayU 2002, Amsterdam (Netherlands), Funding Raised	Provider of online payment solutions and financial services for businesses	-	PROSPER, Gecad Ventures & 4 others	79/100
743rd	Safepay 2017, Karachi (Pakistan), Seed	Online payment platform for businesses	$150K	ACE & Company, Global Founders Capital & 10 others	37/100