PaySense

Stage: Acquired 59

Online platform for consumer loans Tracxn Score

Business Description Key Information

Online platform for consumer loans. It offers unsecured personal financing, auto Founded Year 2015
loans, and home improvement loans with flexible interest rates, terms, and repayment
Total Funding $34.1M
options. It uses proprietary risk evaluation and measurement software for credit
assessment. The application is available on the Android platform. Location Mumbai

Covered in Sector Editor's rating 5/5

Valuation $134M (as on Jun 25,2019)

 FinTech > Alternative Lending > Online Lenders > Consumer Loans > Diversified >
Employee Count 266 (as on Feb 29, 2024)
Marketplace

Competition Financials

EBITDA $-3.9M (as on Mar 2022)

Navi
(2018, Bengaluru, $427M, Series A)
Local Competitors Net Profit $-3.9M (as on Mar 2022)
Finnable
(2016, Bengaluru, $5.77M, Series A)
Leadership Team
Fibe
(2015, Pune, $155M, Series D)  Sayali Karanjkar
Global Equivalents
Kosh ex-Co-Founder
(2019, Gurugram, $3.17M, Series A) CMS Info Systems, MobiKwik, Amara.vc, ex-FinalMile
Consulting. National University of Singapore BS 2001,
Northwestern University - Kellogg School of
Management MBA 2009
Investors by Stage of Entry  Prashanth Ranganathan
ex-Co-Founder
Founder Zinc, ex-CEO PayU Credit LazyPay, Founder
Naspers, Nexus Venture Partners, Rocketship, PayU, & CEO PaySense, PayPal, Truvie, Microsoft. University
Early Stage of Illinois Urbana-Champaign 2000, Stanford
Jungle Ventures, Daniel Edward Neary
University 2005

 Paul Meinshausen
Funding Details ex-Co-Founder
Co-Founder & CEO Aampe, ex-DT One, Montane
Ventures, U.S. Department of Army. University of
Louisville BA 2006, Orta Dogu Teknik Universitesi MA
Date Amount Round New Investors 2008

Jun 25, 2019 $8.3M Series B -

Jun 25, 2018 $18M Series B Yang Virgina Hong-Jia

Dec 21, 2016 $5.5M Series A Naspers, Rocketship, PayU

Jun 03, 2015 $2.3M Seed Nexus Venture Partners

1 Date of Report Generation: 15th May, 2024 Copyright © 2024, Tracxn Technologies Limited. All rights reserved.
 News Valuation Trends (USD)

Feb 07, 2023 Lighthouse Canton leads debt round in LoanTap $134M $134M

Jan 05, 2022 CMS Info Systems joins rank of 10% cos with over three women on… $89.7M

Jul 09, 2020 Naspers-owned PayU lays off staff at credit lending unit PaySense
$20.2M
$8.8M
Jan 10, 2020 PayU Has Acquired Controlling Stake in Indian Credit Business Pa…
Jun' 15 Dec' 16 May' 17 Jul' 18 Jun' 19
Nov 14, 2019 Fintech startup PaySense forays into lending sector; acquires an u…

Aug 21, 2019 PayU in talks to buy consumer lending platform PaySense Competitors by Company Stage
Aug 21, 2018 Consumer Credit Line Provider PaySense Raises up to $18M in Ser…
Seed Stage 9
Jul 20, 2018 PaySense raises $18 million from PayU and others

May 18, 2017 Paysense raises $ 5.3 mn from Jungle, Naspers Series A+ 7

Series C+ 1

Exits (Acq. & IPOS) 2

Unfunded 27

Deadpooled 23

Employee Count

302
291 286
277 277 282 279
266

Q3' 23 Q3' 23 Q3' 23 Q4' 23 Q4' 23 Q4' 23 Q1' 24 Q1' 24

2 Date of Report Generation: 15th May, 2024 Copyright © 2024, Tracxn Technologies Limited. All rights reserved.