When was Swipe founded?

Swipe was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is Swipe located?

Swipe is headquartered in Hyderabad, India. It is registered at 11-6-840/FLAT 402 JYOTHI RESIDENCY, RED HILLS, Hyderabad, HYDERABAD, Telangana, India, 500004.

Who is the current CEO of Swipe?

Aditya Vemuganti of Swipe. They have also founded 1 company.

Which legal entities is Swipe associated with?

Swipe is associated with NEXTSPEED TECHNOLOGIES PRIVATE LIMITED and 1 other.

How many employees does Swipe have?

As of Jan 31, 2025, Swipe has 17 employees, reflecting a 325% year-over-year growth in headcount.

Is Swipe a funded company?

Swipe is a funded company, having raised a total of $2.05M across 3 funding rounds to date. The company's 1st funding round was a ₹***** Seed round, raised on Apr 23, 2021.

How much is Swipe worth?

The latest valuation of Swipe is ₹***** as of Oct 07, 2021.

When was the latest funding round of Swipe?

Swipe's latest funding was a $***** Seed round on Feb 11, 2022, with participation from 10 investors. Its primary sector is Finance & Accounting Tech. In India, the Finance & Accounting Tech sector has seen $13.5M in funding in 2026 to date.

What is the annual revenue of Swipe?

Annual revenue of Swipe is less than ₹10 Cr as on Mar 31, 2025

Where does Swipe rank among its competitors?

Swipe ranks 24th amongst 2124 active competitors, of which 134 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Nomba, which secured $3M in Sep, 2026.

Who are the top competitors of Swipe?

Swipe's top competitors include Zuora, Bill and Melio. Among them, Nomba secured the most recent funding round in September, 2026.

Swipe - 2026 Company Profile, Team, Funding, Competitors & Financials

Swipe is a seed company based in Hyderabad (India), founded in 2021 by Sri Teja Allaparthi and Aditya Vemuganti. It operates as a SaaS-based billing and accounting solutions for SMEs. Swipe has raised $2.05M in funding from Y Combinator and Riidl, with a current valuation of ₹*****. The company has 2124 active competitors, including 134 funded and 113 that have exited. Its top competitors include companies like Zuora, Bill and Melio.

Company Details

SaaS-based billing and accounting solutions for SMEs. It offers a solution that enables the creation and sharing of GST compliant invoices, sales tracking, real-time purchases and estimates, inventory management, and more. It also provides GST filing with multiple GST reports, links, and QR codes for payment acceptance, business analytics, and more.

Website: getswipe.in
Social
Email ID: *****@getswipe.in
Phone Number: +91 **********
Registered Address: 11-6-840/FLAT 402 JYOTHI RESIDENCY, RED HILLS, Hyderabad, HYDERABAD, Telangana, India, 500004

Key Metrics

Founded Year

2021

Location

Hyderabad, India

Stage

Seed

Total Funding

$2.05M in 3 rounds

Latest Funding Round

Seed, Feb 11, 2022, $*****

Post Money Valuation

₹***** as on Oct 07, 2021

Investors

Y Combinator & 15 more

Ranked

24^th among 2124 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

17 as on Jan 31, 2025

Similar Companies

Billtrust & 1778 more

View Swipe's full profile

Swipe is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
NEXTSPEED TECHNOLOGIES PRIVATE LIMITED CIN: U72200TG2021PTC152460 , India, Active	Jun 23, 2021	0 - ₹10 Cr (As on Mar 31, 2025)	31 (As on Apr 30, 2025)
SPIDERSENSE TECHNOLOGIES PRIVATE LIMITED CIN: U72900TG2019PTC133812 , India, Active	Jul 02, 2019	0 - ₹10 Cr (As on Mar 31, 2022)	-

Swipe has raised a total funding of $2.05M over 3 rounds. Its first funding round was on Apr 23, 2021. Its latest funding round was a Seed round on Feb 11, 2022 for $*****. 10 investors participated in its latest round. Swipe has 10 institutional investors and 6 angel investors.

Here is the list of recent funding rounds of Swipe:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 11, 2022	5293922	Seed	4086948	4937437	9997235	6851334
Aug 24, 2021	8130863	Seed	9754747	6380717	7527535	8008858
Apr 23, 2021	2329309	Seed	5014767	8589046	Riidl	6595318

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View details of Swipe's funding rounds and investors

The founders of Swipe are Sri Teja Allaparthi and Aditya Vemuganti. Aditya Vemuganti is the CEO of Swipe.

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

Sri Teja Allaparthi: Co-Founder & CTO of Swipe.
Aditya Vemuganti: Co-Founder & CEO of Swipe.
Contact Info: 1 email address

View details of Swipe's Founder profiles and Board Members

Swipe's employee count trend

Swipe has 17 employees as of Jan 25. The total employee count is 325.0% more than what it was in Jan 24. Here is Swipe's employee count trend over the years:

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Top competitors of Swipe include Zuora, Bill and Melio. Here is the list of Top 10 competitors of Swipe, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Zuora 2007, Redwood City (United States), Acquired	Cloud-based invoice and subscription management solutions for businesses	$243M	Northgate Capital, Tenaya Capital & 28 others	78/100
2nd	Bill 2006, San Jose (United States), Public	Provider of accounts payable, accounts receivable, and spend management solutions	$326M	August Capital, Icon Ventures & 28 others	78/100
3rd	Melio 2018, New York City (United States), Acquired	Provider of accounts payable and receivable solutions for businesses	$654M	Coatue, Thrive Capital & 26 others	78/100
4th	Nomba 2016, Lagos (Nigeria), Series B	App-based payment acceptance solutions for SMBs	$42.7M	Y Combinator, Khosla Ventures & 12 others	76/100
5th	Paymentus 2004, Atlanta (United States), Public	Provider of a platform for intelligent billing and payment solutions	$23.6M	Accel-KKR, HTIF & 2 others	74/100
6th	HighRadius 2006, Houston (United States), Series C	Provider of AI-powered platform for automating finance processes and improving outcomes	$484M	Susquehanna Growth Equity, Tiger Global Management ... & 10 others	71/100
7th	Zenskar 2022, New York City (United States), Series A	Provider of automated billing revenue recognition and usage metering software	$21.5M	Bessemer Venture Partners, Rho Capital Partners ... & 7 others	70/100
8th	Billtrust 2001, Hamilton Township (United States), Acquired	Invoice and payment management solutions for small businesses	$105M	Riverwood Capital, Goldman Sachs & 7 others	68/100
9th	Xifin 1997, San Diego (United States), Acquired	Cloud-based billing & revenue cycle management solutions for diagnostic service providers	$6M	Windward Ventures, Goldman Sachs & 5 others	66/100
10th	Cerillion Technologies 1999, London (United Kingdom), Public	Provider of composable BSS/OSS software solutions for telecom operators	$9M	Origin Capital, Herald Investment Management ... & 3 others	65/100
24th	Swipe 2021, Hyderabad (India), Seed	SaaS-based billing and accounting solutions for SMEs	$2.05M	Global Founders Capital, Locus Ventures & 14 others	57/100

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Founders (largest shareholder) own 57.36%, Funds own 4.39% and Other People own 38.24%. The net worth of Swipe's founders is INR 8.6Cr as of Apr 23, 2021. The cap table displayed below is for NEXTSPEED TECHNOLOGIES PRIVATE LIMITED which is the legal entity associated with Swipe.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	57.36%	8.6Cr	2454667	2349929	7006130	7691020
Sri Teja Allaparthi	3451650	8729440	6329913	3348039	5528742	4070451
Fund	4.39%	65.8L	7984	3869	3567	9399
Riidl	661	386	513	290	694	268
Other People	38.24%	5.74Cr	9303354	5739692	5289603	8576959
Total	99.99%	15Cr	9227733	3850259	5744583	9939968