PayVEDA funding, investors and company details

PayVEDA is an emerging Financial Services - Fintech startup from Noida, working in the space of Fintech platform operated by focused on addressing the financial inclusion gap in underserved and rural areas of India. Founded by Prateek Vohra, Mayur Maed.

Company: Indartu Technologies Private Limited
Sector: Financial Services - Fintech
Location: Noida
Founders: Prateek Vohra, Mayur Maed
Total funding raised: ₹95.19 Cr

Company overview

PayVEDA, established in 2019, is a fintech platform operated by focused on addressing the financial inclusion gap in underserved and rural areas of India. The company functions as a multi-service financial ecosystem, providing Aadhaar-enabled payment services (AEPS), domestic money transfers, bill payments, mobile and DTH recharges, and cash withdrawal facilities through an extensive agent-led retail network. In addition to core financial services, PayVEDA offers travel booking solutions for rail, bus, and air travel, as well as insurance products spanning life, health, and motor segments. Its integrated digital platform supports QR-based payments, MPOS solutions, and lending offerings, positioning PayVEDA as a comprehensive hub for both banking and non-banking services. With a strong focus on last-mile delivery, PayVEDA’s mission is to empower rural entrepreneurs by onboarding verified local retailers as service points, thereby enhancing access to essential financial services across villages and small towns.

Funding rounds

Latest round (Series A): $ 11.50 Mn (₹95.19 Cr.), 2022-10-31. Investors: SphitiCap