TranServ provides payment APIs and operates a mobile wallet called Udio. Its APIs let merchants integrate payment tools and its clients include BookMyShow, PayU, Ixigo, and Askmebazaar. The company claims 10 million users and processes about $15 million per month through its APIs. Udio supports peer-to-peer transfers, bill splitting, and can be linked to a prepaid debit card accepted by about one million offline merchants. TranServ plans to launch micro-loan services, new non-payment features for its API stack, online meal vouchers, and will continue developing Udio. It has a strategic partnership with Micromax and a deal with Visa to offer NFC-based contactless payments on Micromax devices.

Total raised

$15M

Funding rounds

1

Latest round

Series C

Latest activity

Apr 2016