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Novopay

Novopay offers Aadhar ATM, bill payments & recharges for retailers.
Enterprise Tech,  Financial Services,  Software,  FinTech  
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Basic Information
Novopay is a financial solutions startup founded in 2013 by Srikanth Nadamuni, Gautam Bandyopadhyay and Sridhar Rao to use the mobile as a medium to help the banking industry reach the long tail of consumers and retailers. They use the Aadhaar-based unique identification numbers database, by issuing fingerprint scanners to the kirana stores to help consumers use kirana stores as money-deposit and fund-transfer centres. The company has tied up with RBL, Axis Bank, IDFC and Bank of India to deliver its services through an app. For the mobile-savvy customers, Novopay allows them to pay bills through their mobile app, DTH recharge, health insurance, and mobile recharge.
Legal Name
:
Novopay Solutions Pvt Ltd
Headquarters
:
Bengaluru, Karnataka, India
Business Model
:
B2B2C  
Founding Date
:
2014
No. of Employees
:
251 to 500
Core Team
:
1.  
Srikanth Nadhamuni
Chairman & Co-Founder
2.  
Gautam Bandyopadhyay
Co-Founder and Head of Banking Solutions
Revenue Stream
Commission on transaction
Fee-For-Service
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Funding

Total Funding

$10.0M

Investors
:
1.  
Khosla Labs
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