RapiPay is a fintech firm building NYE, a digital banking super app designed to let users manage multiple bank accounts, transactions and financial services through a single login and unified transaction summary. The company says NYE will offer salary and current accounts, payment solutions, retail and business loans, Buy Now Pay Later, investments, insurance and other convenience services. RapiPay raised $15 million to build a robust digital financial ecosystem for consumers and businesses and to drive adoption of NYE. Leadership highlighted the app’s role in onboarding the retail network of investor partners and providing seamless, secure banking and financial services. RapiPay currently processes about 10 lakh daily transactions and has served over 10 crore customers. The company has set targets for 2025 including 20 lakh primary current and salary accounts, 10 lakh POS machines, a $30 billion GTV, 15 crore unique customers, 35 lakh daily transactions and 20 lakh hybrid direct business outlets.

Total raised

$15M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2022