About Pay Later Partners
Pay Later Partners is a venture capital firm founded in 2016. It is primarily based out of Singapore, Singapore. As of Nov 2018, Pay Later Partners has invested in 7 companies. It primarily invests in Series B round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and FinTech. Most recently it participated in the $***** Series B round of Shop101 Overall, Pay Later Partners portfolio has seen 1 unicorn and 2 acquisitions, namely CoinSwitch, NextBillion AI and Shop101. A lot of funds co-invest with Pay Later Partners, with names like Unilever Ventures sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Rounds of Entry
Series B
Portfolio Acquisitions
Portfolio Unicorns
Pay Later Partners' List of Top Investments
Pay Later Partners has a portfolio of 7 companies, one of which is a Unicorn. Their most notable investments include CoinSwitch and NextBillion AI.Their portfolio spans across India, Singapore and United Kingdom. They have invested in Enterprise Applications, Consumer, FinTech and 4 other sectors, across stages such as Series B stage. Here is the list of top investments by Pay Later Partners:
1. CoinSwitch
Broker-based online crypto trading and exchange platform. It enables users to buy, sell, and trade a wide range of digital assets using Indian Rupees. It aggregates liquidity from multiple crypto exchanges to present competitive real-time pricing and unified portfolio management. Its services include spot trading, futures contracts with leverage, systematic investment plans, and automated trading bots suited for both novice and advanced users. It provides secure infrastructure, encryption protocols, and proof-of-reserve practices to enhance fund safety. Trading tools include limit orders, charting interfaces through integrations, and API access for automation workflows.
Key facts about CoinSwitch
- Founded Year: 2017
- Location: Chennai (India)
- Annual Revenue: $10M - $50M as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $302M
- Employee Count: 289 as on Aug 31, 2025
- Investors: Ribbit Capital, Groundupp Ventures and 13 Others
- Latest Funding Round: Series C, Oct 06, 2021, $*****
- Highlight: Editors' Pick
Provider of an AI-powered mapping platform. It allows users to build custom maps for web and mobile applications. It provides geocoding APIs, search APIs, routing, navigation, matrix calculation, map data curation, and high footfall landmark solutions. It features multi-lingual text, data management, image classification, sentiment analytics, and video annotation capabilities. It has use cases in logistics, fleet management, ride-hailing, delivery, and e-commerce applications.
Key facts about NextBillion AI
- Founded Year: 2020
- Location: Singapore (Singapore)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $34.2M
- Employee Count: 71 as on Aug 31, 2026
- Investors: Alpha Wave Global, Lightspeed Venture Partners and 26 Others
- Latest Funding Round: Series B, May 23, 2022, $*****
- Highlight: Acquired
3. Shop101
Online reselling platform for multi-category products. It allows users to create their own e-shop on the platform and sell their products directly to the consumers. The app allows retailers to sell on WhatsApp, Facebook, and Instagram. Its solution enables retailers to create a store on the app, upload products, manage the product catalog, and unique link for the mobile stores. Its mobile app is available for Android and iOS platforms.
Key facts about Shop101
- Founded Year: 2015
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $22M
- Employee Count: 136 as on Jan 31, 2025
- Investors: Groundupp Ventures, Kalaari Capital and 8 Others
- Latest Funding Round: Series C, Mar 13, 2020, $*****
- Highlight: Acquired
4. MarketWolf
Provider of trading platform with options, charts, and customer support. The platform offers tools for trading, including option chains and technical indicators. It provides customer support through an in-app help center with call and chat options. The platform is designed to simplify trading with features such as smart stop loss. The app is available on both Android and iOS platforms.
Key facts about MarketWolf
- Founded Year: 2017
- Location: Mumbai (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Stage: Series A
- Total Funding till date: $17.4M
- Employee Count: 11 as on Jul 31, 2025
- Investors: Jungle Ventures, 100Unicorns and 26 Others
- Latest Funding Round: Series A, Jul 05, 2022, $*****
- Highlight: Editors' Pick
5. Winvesta
Fintech company that provides a cross-border payments and investing platform. The company provides a cost-effective banking solution blended with exceptional customer service, allowing users to collect global payments at foreign exchange markup. With a focus on global financial inclusivity, Winvesta aims to make international transactions seamless and efficient.
Key facts about Winvesta
- Founded Year: 2019
- Location: Mumbai (India)
- Annual Revenue: £0 - £1M as on Jul 31, 2024
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $2.81M
- Employee Count: 11 as on Aug 31, 2026
- Investors: Draper Venture Network, Pay Later Partners and 35 Others
- Latest Funding Round: Seed, Nov 29, 2023, $*****
- Highlight: Editors' Pick
Pay Later Partners' Year-on-Year Investment Trends
Its most recent first time investment was in Shop101.Pay Later Partners' Investments by Stage
Pay Later Partners has made 1 investment in Series B stage with an average round size of $11.4M.Pay Later Partners' Investments by Sector
Pay Later Partners has a diverse portfolio, with companies operating in the Consumer and Retail. Notably, it has invested in 7 Tech companies, 5 Software companies, 4 Enterprise (B2B) companies and at least 3 companies focusing on Consumer (B2C).Pay Later Partners' Investments by Geography
Pay Later Partners has made most investments in India (1).Pay Later Partners' recent investments
Pay Later Partners has not made any investment in 2026 so far.Here are the most recent investments by Pay Later Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 20, 2018 | India | Series B | 6176 | [+5] |
Unicorns in Pay Later Partners' Portfolio
Pay Later Partners has 1 unicorn in its portfolio - CoinSwitch. The most recent unicorn in their portfolio is CoinSwitch which became a unicorn in 2021, 5 years before Pay Later Partners first invested in it.Here is a list of unicorns in Pay Later Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
76 | Broker-based online crypto trading and exchange platform | 2017 | Chennai | Series C | agrddyu |
Acquired companies in Pay Later Partners' Portfolio
2 companies from Pay Later Partners' portfolio have been acquired. The most recent acquisition was NextBillion AI in Sep 2025 by Velocitor Solutions for $*****.Here are Pay Later Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 30, 2025 | - | - | 9945 | |
Jun 14, 2021 | Nov 20, 2018 | Series B | 7230 |
Co-investors of Pay Later Partners
Over the past 8 years, 9 investors have co-invested in Pay Later Partners's portfolio companies. This includes funds and angels.
- Invested before Pay Later Partners: Stellaris Venture Partners, Vy Capital and 4 others have invested in rounds before Pay Later Partners. There is 1 company where Stellaris Venture Partners has invested before Pay Later Partners and 1 company where Vy Capital has invested before Pay Later Partners.
- Top Co-investors of Pay Later Partners: 3 investors entered a company along with Pay Later Partners. These include investors like Unilever Ventures (1 company).
