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, the latest employee count at Swipe is 17.

Is Swipe a funded company?

Swipe is a funded company, having raised a total of $2.04M 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 Apr 23, 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.

What is the annual revenue of Swipe?

Annual revenue of Swipe is ₹5.75Cr as on Mar 31, 2025.

Where does Swipe rank among its competitors?

Swipe ranks 20th amongst 1761 active competitors, of which 131 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Xifin, which secured an undisclosed amount in Sep, 2025.

Who are the top competitors of Swipe?

Swipe's top competitors include SumUp, Nomba and Billtrust. Among them, Xifin secured the most recent funding round in September, 2025.

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

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

$2.04M in 3 rounds

Latest Funding Round

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

Post Money Valuation

₹***** as on Apr 23, 2021

Investors

Y Combinator & 15 more

Ranked

20^th among 1761 active competitors

Annual Revenue

₹5.75Cr as on Mar 31, 2025

Employee Count

17 as on Jan 31, 2025

Similar Companies

SumUp & 1901 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	Documents
NEXTSPEED TECHNOLOGIES PRIVATE LIMITED CIN: U72200TG2021PTC152460 , India, Active	Jun 23, 2021	$681K (As on Mar 31, 2025)	31 (As on Apr 30, 2025)
SPIDERSENSE TECHNOLOGIES PRIVATE LIMITED CIN: U72900TG2019PTC133812 , India, Active	Jul 02, 2019	$53.1K (As on Mar 31, 2022)	-

Swipe has raised a total funding of $2.04M 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	2069090	Seed	1735989	9643563	2112884	2887154
Aug 24, 2021	1860530	Seed	7244272	1884011	4483771	9494506
Apr 23, 2021	9862751	Seed	2619605	3864326	Riidl	6096285

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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 SumUp, Nomba and Billtrust. 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	SumUp 2012, London (United Kingdom), Series E	Provider of payment solutions, point of sale systems, and financial tools	$997M	Bain Capital, Sixth Street & 49 others	81/100
2nd	Nomba 2016, Lagos (Nigeria), Series B	App-based payment acceptance solutions for SMBs	$42.7M	Y Combinator, Khosla Ventures & 11 others	74/100
3rd	Billtrust 2001, Hamilton Township (United States), Acquired	Invoice and payment management solutions for small businesses	$105M	Riverwood Capital, Stock Capital Banker & 7 others	72/100
4th	Cerillion 1999, London (United Kingdom), Public	Cloud-based billing and customer management solutions for businesses	$9M	Origin Capital, Draper Esprit & 3 others	64/100
5th	DadeSystems 2011, Miami (United States), Acquired	Account receivable payment automation solution.	$11M	Napier Park Global Capital, Wells Fargo & 3 others	64/100
6th	Xifin 1997, San Diego (United States), Acquired	Cloud-based billing & revenue cycle management solutions for diagnostic service providers	$6M	Windward Ventures, Avista Healthcare Partners ... & 4 others	63/100
7th	Outgo 2016, Seattle (United States), Acquired	Accounting and invoice management software	$18.4M	Gradient Ventures, Construct Capital & 10 others	63/100
8th	Ignition 2013, Surry Hills (Australia), Series C	Provider of platform automating proposals, billing, payments, and client agreements	$75.4M	JMI Management, EVP & 9 others	63/100
9th	PrimeRevenue 2003, Atlanta (United States), Series C	Provider of supply chain finance solutions optimizing cash flow for buyers and suppliers	$104M	Battery Ventures, Brown Brothers Harriman ... & 2 others	62/100
10th	Klarity 2017, San Francisco (United States), Series B	Account receivables and billing management platform	$90M	Tola Capital, Scale Venture Partners & 9 others	62/100
20th	Swipe 2021, Hyderabad (India), Seed	SaaS-based billing and accounting solutions for SMEs	$2.04M	Locus Ventures, Global Founders Capital & 14 others	58/100

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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.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	57.36%	8.6Cr	1977133	1321019	8292182	9404208
Sri Teja Allaparthi	2382866	5402220	7183174	3271239	3142611	5148243
Fund	4.39%	65.8L	5900	3371	8163	1937
Riidl	322	408	950	607	219	631
Other People	38.24%	5.74Cr	3284827	1226310	9030741	4929583
Total	99.99%	15Cr	5554410	5483612	2292636	6711248