PaySense Acquired
Mumbai-based fintech startup offering instant personal loans and consumer credit (personal, auto, and home-improvement loans) via a mobile app, using India Stack-based digital KYC and instant credit-decisioning models to serve financially underserved, credit-new Indians.
PaySense: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 21 Jul 2018 | Series B | $18 Mn | PayU India Jungle Ventures Nexus Venture Partners | source |
| 17 May 2017 | Series A | $5.3 Mn | Nexus Venture Partners | source |
| 31 Dec 2014 | Seed | $2.3 Mn | Nexus Venture Partners | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 9 Jan 2020 | PayU India | PaySense | $185 Mn | source |
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Who founded PaySense?
PaySense was founded by Prashanth Ranganathan, Sayali Karanjkar in 2015.
How much funding has PaySense raised?
PaySense has raised $25.6 Mn across 3 tracked funding round(s), most recently on 2018-07-21. Figures are compiled from cited public sources.
Who are the investors in PaySense?
Investors in PaySense include PayU India, Jungle Ventures, Nexus Venture Partners.
What does PaySense do?
Mumbai-based fintech startup offering instant personal loans and consumer credit (personal, auto, and home-improvement loans) via a mobile app, using India Stack-based digital KYC and instant credit-decisioning models to serve financially underserved, credit-new Indians.
Where is PaySense headquartered?
PaySense is headquartered in Mumbai, Maharashtra, India.
What is PaySense's business model?
PaySense's core value proposition centers on Simple, transparent access to credit, Instant credit for the credit-new, Minimal documentation, fast disbursal.
How does PaySense make money?
PaySense's cited revenue streams include Personal loans, Vehicle loans, Consumer durable financing, Specialized purpose loans.