Incepted in April 2016, PayNearby is a DPIIT-certified company and India’s leading branchless banking and digital payments network. Our mission is to make financial services available to everyone, everywhere. Zidd Aage Badhne Ki ↗️ See more

Basic Information

PayNearby operates on a B2B2C model, where it partners with neighbourhood retail stores and enables them with the tools to provide digital and financial services to local communities. We aim to simplify high-end technology so that it can be easily assimilated at the last mile while transforming the lives of its retail partners and customers. Today, PayNearby, through its tech-led DaaS (Distribution as a Service) network, serves 75% of India and is enabling services like cash withdrawal, remittance, Aadhaar Banking, bill payment and recharges, savings, travel, digital payments, insurance and more. Currently, PayNearby’s 41 lakh plus microentrepreneurs across 17,600+ PIN codes assist 20+ crore customers across the country to the tune of more than ~6000 crores GTV per month. See more

Legal Name

:

Nearby Technologies Pvt. Ltd.

Headquarters

:

Mumbai, Maharashtra , India

Business Model

:

B2B, 

B2B2C 

Founding Date

:

20th Apr 2016

No. of Employees

:

501 to 1000

Core Team

:
1.

Anand Kumar Bajaj

Founder, MD & CEO

2.

Subhash Kumar

Co-founder

3.

Rajesh Jha

Co-founder

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Timeline
2016
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Apr | Company Incorporation
Founding team registered the company Nearby Technologies Pvt. Ltd.
Sep | Key Customer Milestone
Products: Money Transfer Services Retail stores onboarded: 2,00 Customers serviced: 1 Lac +
2017
Sep | Product Launch
Products bouquet includes, AePS (Aadhaar ATM), Bill Payment, SMS Payment & Bus booking service, Recharge services amongst others
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Funding

Total Funding

$1.5M

Investors

:

1.

Roha Group