GRAMePAY[ A New growing Social Fintech Startup for Rural Banks in 2021]

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3 years ago

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GRAMePAY is the Social Fintech Startup for Rural India

GRAMePAY is a Social Fintech startup, founded by Jaideep Pawar with his wife Laxmi Pawar, and Kuldeep Singh on a mission to empower the Rural Indian Merchants acting as the Digital Payment Platform within Rural India comprising of Tier3, Tier4, Tier5, Tier6 semi-urban Cities, towns, and villages.

Startup	GRAMePAY
Website	www.gramepay.com
Founded	Oct 15, 2020
Headquarters	Navi Mumbai, India
Products	Mutual Funds, Insurance, SaaS
Revenue Model	B2B2C,Subscription

How does GRAMePAY start in 2020?

With a combined career of 35+ years in the Finance Domain, Jaideep and Kuldeep have been worked for Payment Platforms such as EuroNet, Fino, Adding this Mr.Pawar has worked on a project at Harvard Business School, where Jaideep’s Mentor has insisted him to get into the career of Entrepreneurship.

Moreover, Jaideep has seen a gap between the existing finance system and Rural India and thought of building a Payment platform for bridging the gap, he has Registered the GRAMePAY Trademark on Oct 15, 2020 hence came into existence.

Here is a quick overview of GRAMePAY

Where does GRAMePAY stand now?

As a social fintech, GRAMePAY has Operations in the Indian states of Maharashtra, Karnataka, Tamilnadu, Andhra Pradesh with the collaboration of over 450+ banks including many Regional Rural Banks, Co-operative Banks, to act as the Digital Payment Consultant between Merchants and banks.

This Navi-Mumbai-based startup has partnered with payment platforms likes lyra, esds, Auxillium, MisscallPay, CredoPay, Razorpay, and French Payments Giant WorldLine.

The Social Payment startup is most preferably focusing on Female Merchants& Entrepreneurs.

GRAMePAY Funding

Incubated by IIM Udaipur Gramepay has an equity Pie of 99% and IIM Udaipur holds 1% .

According to the CEO of “Gramepay is to build Rural India Financial Ecosystem Accessible to every common man” was told to Jobifynn

More About GRAMePAY

Is Gramepay related to any other company?

No, Gramepay is not related to any other company, It is completely an Independent company registered under RoC-Mumbai as Ompri Buildcon Private Limited.

Who are the competitors of Gramepay?

Gramepay has Competitors in the market in the name of tech giants such as Pinelabs, BhartiPay, PhonePe, GooglePay.

Who are the Founders of Gramepay?

Jaideep Pawar, CEO

Kuldeep Singh, CMO

Laxmi Pawar, COO