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About PhonePe
Industries
Consumer Software
Fintech
Financial Services
Company Size
5,001-10,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$1.9B
Headquarters
Bengaluru, India
Founded
2015
Overview
PhonePe is a digital payments platform in India that allows individuals and businesses to conduct financial transactions easily and securely through the Unified Payments Interface (UPI). It offers services such as mobile payments, insurance products, and investment options, making it a major player in the UPI market. PhonePe differentiates itself with its open transaction ecosystem, user-friendly interface, and strong security measures. The company's goal is to make digital payments accessible to more users in India, positively impacting the financial ecosystem.
Simplify's Take
What believers are saying
- PhonePe's IPO could provide capital for expansion in the fintech sector.
- The Indus Appstore partnership with Xiaomi may increase PhonePe's user base significantly.
- Device tokenization is likely to boost consumer confidence and transaction volumes.
What critics are saying
- Competition from Paytm's embedded lending services threatens PhonePe's market share.
- Regulatory scrutiny in India could impact PhonePe's operations, similar to Paytm's issues.
- Market volatility may affect the success of PhonePe's upcoming IPO.
What makes PhonePe unique
- PhonePe leverages UPI for seamless bank-to-bank mobile transactions.
- The Indus Appstore collaboration with Xiaomi expands PhonePe's ecosystem beyond payments.
- PhonePe's device tokenization enhances security, reducing fraud risks in card transactions.
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Funding
Total Funding
$1874.8M
Above
Industry Average
Funded Over
3 Rounds
Tiger GlobalBenefits
Insurance Benefits - Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance
Wellness Program - Employee Assistance Program, Onsite Medical Center, Emergency Support System
Parental Support - Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program
Mobility Benefits - Relocation benefits, Transfer Support Policy, Travel Policy
Retirement Benefits - Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment
Other Benefits - Higher Education Assistance, Car Lease, Mobile & Broadband Reimbursements, Salary Advance Policy
Company News
PhonePe is launching the Indus Appstore in collaboration with Xiaomi India.
PhonePe launched its mobile app marketplace in February last year in an attempt to rival the Google Play store and Apple's App Store.
PhonePe launched Indus last year to compete with tech giants like Google and Apple.
PhonePe appoints Amit Doshi as CMO to strengthen its fintech app strategy.
Bengaluru's fintech giant PhonePe gears up for IPO as Walmart confirms listing plans.
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About PhonePe
Industries
Consumer Software
Fintech
Financial Services
Company Size
5,001-10,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$1.9B
Headquarters
Bengaluru, India
Founded
2015
There are no jobs for PhonePe right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to PhonePe