Checkout platform offering pay later option to users

Basic Information

ePayLater offers a credit underwriting platform that leverages the proprietary algorithm developed by Arthashastra FinTech Pvt Ltd. It offers an innovative solution that leverages the power of data to mitigate the challenges being faced by the e-commerce industry today. It is designed to help merchants provide a smooth customer checkout experience by reducing payment hassles and boosting success rates. For online shoppers ePayLater offers an instant credit that gives them the added flexibility of managing their expenses better. The company allows users to club all its payments and make a one-time payment. ePayLater uses an algorithm to understand the customer’s credit history and buying patterns on e-commerce platforms, digital footprint and device information based on which, it assigns a credit limit to the customer. See more

Legal Name

:

Arthashastra Fintech Private Limited

Headquarters

:

Mumbai, Maharashtra , India

Founding Date

:

Dec 2015

No. of Employees

:

41 to 60

Core Team

:
1.

Akshat Saxena

Co Founder

2.

Atishay Kumar

Chief Technology Officer & Chief Product Officer

3.

Aurko Bhattacharya

Co Founder

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Funding

Total Funding

$15.7M

Investors

:

1.

Secocha Ventures

2.

ICICI Bank

3.

GMO Global Payment Fund

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Detail Round Breakdown

Round 1
Round 2
Round 3
Round 4

$2M

Series Name

:

SEED

Date

:

Jun 2016