Top Agent Based Payments startups
There are 833 Agent Based Payments startups which include Spice Money, Paga, Pay Point India, Ordo, PayNearby. Out of these, 91 startups are funded, with 44 having secured Series A+ funding. India has the most number of companies in Agent Based Payments (521), followed by Indonesia
(97), and then Nigeria (36).
2026 has seen the creation of 5 Agent Based Payments startups. Over the past 10 years, an average of 59 new companies have been launched annually. Notably, several of these startups have been founded by alumni of BITS Pilani, University of Cambridge and Imperial College London.
Here is the list of top Agent Based Payments Startups
1. Spice Money
Digital payment and banking service provider in rural areas. This includes Aadhaar-enabled services, domestic money transfers, loan and cash EMI collection, bill payments, and ticket booking. It offers a network facilitating access to financial services for underserved populations. Services are delivered through a network of agents and mini ATMs. It also provides loan and credit services and account opening facilities.
Key facts about Spice Money
- Founded Year: 2000
- Location: Noida (India)
- Stage: Series B
- Total Funding till date: $15.4M
- Investors: Sood Infomatics, Lehman Brothers Opportunity and 56 Others
- Latest Funding Round: Series B, Dec 14, 2020, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 1 of 517 Competitors
2. Paga
Agent-based payment solutions for consumers and businesses. Provides money transfers, bill payments, online or offline purchases, mobile recharges, travel reservations, cash deposits, cash withdrawals, business capital support, and more.
Key facts about Paga
- Founded Year: 2009
- Location: Lagos (Nigeria)
- Stage: Series B
- Total Funding till date: $35M
- Investors: Adlevo Capital, Capricorn and 17 Others
- Latest Funding Round: Series B, Sep 06, 2018, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 2 of 905 Competitors
Provider of digital financial services and retail solutions via agent network. It enables retailers to offer services like money transfer, bill payments, recharges, insurance, travel booking, and e-commerce access. The company facilitates kiosk banking and micro ATM/AEPS services, providing cash withdrawal options. It focuses on expanding service offerings to increase retailer income and enhance customer convenience.
Key facts about Pay Point India
- Founded Year: 2007
- Location: Mumbai (India)
- Stage: Seed
- Total Funding till date: $8.01M
- Investors: Prime Capital Market, Yantra Esolarindia and 20 Others
- Latest Funding Round: Seed, Jan 06, 2025, $*****
- Tracxn Score: 68/100 What is this?
- Competitors Rank: 4 of 948 Competitors
4. Ordo
Ordo is an encrypted messaging and payment service. Allows users to send payment request(smart requests) via messages. Also allows users to pay smart requests in installments.
Key facts about Ordo
- Founded Year: 2018
- Location: London (United Kingdom)
- Stage: Acquired
- Total Funding till date: $11.3M
- Investors: Nationwide, NBS Ventures and 15 Others
- Latest Funding Round: Series A, Oct 18, 2022, $*****
- Tracxn Score: 59/100 What is this?
- Competitors Rank: 48 of 1,535 Competitors
5. PayNearby
Digital platform providing range of payment and digital banking services. It operate on a B2B2C model, where it partner with neighbourhood retail stores and enable them with the tools to provide assisted financial and digital commerce services to their local communities. Its innovative solutions are modelled to make transactions seamless, quick and easy and strives to empower its retail partners and their customers. Local communities access it to avail a range of services including cash withdrawal, cash deposits, money transfer, savings, insurance, travel, digital payments, access to government benefits and many more.
Key facts about PayNearby
- Founded Year: 2016
- Location: Mumbai (India)
- Stage: Seed
- Total Funding till date: $4.55M
- Investors: ROHA, Silk Bridge Partners and 9 Others
- Latest Funding Round: Angel, Feb 28, 2025, $*****
- Tracxn Score: 59/100 What is this?
- Competitors Rank: 4 of 517 Competitors
