Total amount raised
₹440 Million
Latest funding date
04/01/2021
Location
SafexPay has successfully raised funding over one round, with notable investors including T Choithrams BVI, TIDES Business Incubator, and Arbor Advisors. The funding round is categorized as "Venture - Series Unknown," highlighting the company's potential in the fintech sector.
Keep reading to explore the intricacies of SafexPay's fundraising journey and the investors backing this innovative platform.
What Is SafexPay?
SafexPay is a B2B2B fintech company that focuses on providing platform and API infrastructure for businesses globally. The company operates in the FinTech and Payments industries and is based in Thane, Maharashtra, India.
With an employee count ranging from 251 to 500, SafexPay has established itself as a significant player in the online payment solutions sector. The company is private and has raised funding through a Venture - Series Unknown round.
How Much Funding Has SafexPay Raised?
- Amount Raised: $6 million
- Date: April 2021
- Lead Investors: Arbor Advisors, T Choithrams BVI
- Valuation at Round: $100 million
- Motivation Behind the Round: The funds will be used for product development, improving technology for more use cases, and launching products in India and abroad.
Total Amount Raised: $6 million. Current Valuation: $100 million.
Key Investors
- Arbor Advisors
- Details: Arbor Advisors is an American investment firm known for its strategic investments in the fintech sector. They have been a lead investor in SafexPay's funding round.
- Investment Focus Areas: Fintech, technology-driven financial solutions.
- Notable Investments: SafexPay.
- T Choithrams BVI
- Details: T Choithrams BVI is an investment entity associated with an Indian family now based overseas. They have played a significant role in SafexPay's funding.
- Investment Focus Areas: Fintech, technology-driven financial solutions.
- Notable Investments: SafexPay.
- TIDES Business Incubator
- Details: TIDES Business Incubator is an organization that supports startups and early-stage companies through funding and mentorship. They are one of the key investors in SafexPay.
- Investment Focus Areas: Startups, early-stage companies, fintech.
- Notable Investments: SafexPay.
What's Next for SafexPay?
SafexPay is poised for significant growth, with opportunities in product development, technology enhancement, and market expansion both in India and internationally. The company plans to leverage its recent $6 million funding to improve its offerings and launch new products, aiming to capture a larger market share in the fintech sector.
Looking ahead, SafexPay is targeting an additional $20 million in funding within the next four months, which would elevate its valuation to $150 million. This influx of capital will enable further innovation and expansion, positioning the company for sustained growth. However, challenges such as high resource requirements for marketing, maintaining profitability, and intense competition from other fintech firms could pose hurdles along the way.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like SafexPay and gather other critical business insights.
Sign up for free to start unlocking valuable information that can drive your sales success.
