FortunePay (Fortune Payment Solutions India Pvt Ltd) provides e-payment processing platforms and services to banks, merchants and e-commerce firms, including its Paavati Platform, Paavati Gateway, Paavati Terminal and Paavati Plus. The company supplies a range of payment terminals such as dial-up, GPRS/mobile, PC‑PoS and m‑PoS. Its flagship Paavati Platform supports acquiring and processing of e-payments across banking, financial services and retail via a cloud-based infrastructure. Founded in 2011 and headquartered in Bangalore, FortunePay targets both institutional and retail payment use cases. The startup will use the new capital for platform certification and product deployment. Prior financing includes an undisclosed May 2012 seed from Kae Capital and Bessemer Venture Partners.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2014