PaySprint Private Limited: Company Profile

Background

Company Overview

PaySprint Private Limited, established on December 23, 2020, is a New Delhi-based fintech company specializing in providing comprehensive API solutions for banking, payments, and verification services. The company aims to empower Indian businesses by offering a unified open API platform that consolidates over 80 APIs, facilitating seamless integration of financial services.

Mission and Vision

Mission: To empower Indian businesses of all sizes to achieve their goals through innovative financial solutions, solidifying its position as a pillar of reliability and inspiration.

Vision: To build a Digital India by democratizing verification and penetrating banking and financial services into even the remotest areas, acting as a catalyst for the Indian Financial Inclusion movement.

Industry Significance

Operating within the rapidly growing fintech sector, PaySprint addresses the need for accessible and efficient financial services, contributing to the digital transformation of India's financial ecosystem.

Key Strategic Focus

Core Objectives

Develop and provide a comprehensive suite of APIs for banking, payments, and verification services.

Facilitate seamless integration of financial services for businesses, enhancing operational efficiency and customer experience.

Promote financial inclusion by extending digital banking services to underserved regions.

Areas of Specialization

API Banking: Offering a wide range of APIs for banking services, including account opening, cash deposits, withdrawals, bill payments, and loan services.

Verification Services: Providing digital KYC solutions, including verification of PAN, Aadhaar, RC, and other identity documents.

Business Banking Solutions: Introducing platforms like SprintNXT, a connected banking platform that offers smart payouts, real-time collections, and automated reconciliation.

Key Technologies Utilized

Unified Open API Platform: Integrating over 80 APIs across various financial services on a single dashboard.

AI-Powered Verification Engine: Utilizing artificial intelligence for real-time KYC/KYB checks and fraud detection.

No-Code Platform: Enabling businesses to integrate and deploy financial services without extensive technical expertise.

Primary Markets Targeted

Fintech Startups: Providing scalable solutions for emerging financial technology companies.

Non-Banking Financial Companies (NBFCs): Offering infrastructure for digital banking services.

Micro, Small, and Medium Enterprises (MSMEs): Facilitating access to financial services for small and medium-sized businesses.

Financials and Funding

Funding History

Pre-Series A Funding: In April 2022, Fino Payments Bank acquired a 7.98% stake in PaySprint, marking the company's first significant investment.

Series A Funding: In May 2025, PaySprint raised $3 million in a Series A funding round, with the first tranche of $1.2 million successfully secured.

Total Funds Raised

As of December 2025, PaySprint has raised a total of $4.2 million in funding.

Notable Investors

Fino Payments Bank: Acquired a 7.98% stake in April 2022.

Utilization of Capital

The funds are intended to enhance PaySprint's product offerings, expand its market reach, and strengthen its technological infrastructure to support the growing demand for digital financial services.

Pipeline Development

Key Pipeline Candidates

SprintNXT: A business banking platform offering connected banking, smart payouts, real-time collections, and automated reconciliation.

SprintVerify: An AI-powered verification engine providing real-time KYC/KYB checks and fraud detection.

Stages of Development

SprintNXT: Launched and operational, serving multiple enterprise clients.

SprintVerify: Launched and integrated with several financial institutions for identity verification services.

Target Conditions

SprintNXT: Aims to streamline business banking operations for enterprises and MSMEs.

SprintVerify: Focuses on enhancing security and compliance in financial transactions through robust verification processes.

Anticipated Milestones

SprintNXT: Expansion to additional markets and integration with more banking partners.

SprintVerify: Introduction of advanced fraud detection features and expansion of verification services.

Technological Platform and Innovation

Proprietary Technologies

Unified Open API Platform: Consolidates various financial services APIs into a single, accessible platform.

AI-Powered Verification Engine: Utilizes machine learning algorithms for efficient and accurate identity verification.

Significant Scientific Methods

No-Code Integration: Allows businesses to integrate financial services without extensive technical resources.

Real-Time Data Processing: Ensures immediate processing of financial transactions and verification requests.

Leadership Team

Key Executives

S. Anand: Founder & CEO. With over two decades of experience in telecommunications and financial services, Anand has been instrumental in PaySprint's growth and strategic direction.

Deepankar Aggarwal: Co-Founder & Director. Deepankar brings expertise in business development and financial services, contributing to PaySprint's expansion and partnerships.

Satnam Kaur Sachdeva: Co-Founder & Director. Satnam's background in technology and operations has been crucial in developing PaySprint's technological infrastructure.

Prateek Gautam: Additional Director. Prateek has a strong background in business development and sales leadership, focusing on expanding PaySprint's B2B partnerships.

Competitor Profile

Market Insights and Dynamics

The fintech sector in India is experiencing rapid growth, with a projected market size of close to $200 billion in the next decade. This expansion presents significant opportunities for companies like PaySprint to innovate and capture market share.

Competitor Analysis

Setu: Offers API solutions for financial services but focuses primarily on banking APIs.

Razorpay: Provides payment gateway services and financial APIs, competing in the payments processing space.

Strategic Collaborations and Partnerships

Fino Payments Bank: Acquired a 7.98% stake in April 2022, enhancing PaySprint's credibility and market reach.

Operational Insights

PaySprint differentiates itself by offering a comprehensive suite of APIs across banking, payments, and verification services, enabling businesses to integrate multiple financial services through a single platform. This approach streamlines operations and reduces the complexity associated with managing multiple service providers.

Strategic Opportunities and Future Directions

Strategic Roadmap

Product Expansion: Develop additional APIs to cover more financial services, enhancing the platform's versatility.

Market Penetration: Expand into Tier III and IV cities to promote financial inclusion.

Technological Advancements: Invest in AI and machine learning to improve verification processes and fraud detection.

Future Business Directions

Global Expansion: Explore opportunities in international markets to offer PaySprint's solutions globally.

Strategic Partnerships: Form alliances with international financial institutions to broaden service offerings.

Opportunities for Expansion

Product Diversification: Introduce new financial products and services to meet evolving market demands.

Customer Base Growth: Target a wider range of businesses, including large enterprises and multinational corporations.

Positioning for Future Objectives

PaySprint's comprehensive API platform, strategic partnerships, and focus on innovation position it well to achieve its future objectives and contribute significantly to the digital transformation of India's financial services sector.