Kushki Valuation, Funding & Investors

Juspay is a Bengaluru-based digital payments infrastructure provider, founded in 2012, that powers payment processing for clients including Amazon, Flipkart, Google, IndiGo, Swiggy, and banks such as HSBC. The platform has evolved from payment orchestration into a full-stack UPI platform and core payments infrastructure for banks and enterprises, processing more than 300 million transactions daily with annualized total payment volume exceeding $1 trillion. Juspay operates globally, with offices in San Francisco, Dublin, São Paulo, Singapore, and Dubai, serving more than 500 enterprises and banks across Asia-Pacific, the Middle East, Latin America, Europe, and North America.

Evertec is a full-service transaction processor and financial technology provider headquartered in San Juan, Puerto Rico, and listed on the New York Stock Exchange under the symbol EVTC. It provides merchant acquiring, payment services and business process management services in Latin America, Puerto Rico and the Caribbean, and operates in 26 Latin American countries. The company owns and operates the ATH network, one of the leading PIN debit networks in Latin America, and manages electronic payment networks that process over ten billion transactions annually. It began in 1998 as part of Banco Popular de Puerto Rico and was founded as a subsidiary of the bank in 2004. In 2010 Apollo Management acquired 51% of Evertec, and the company listed on the NYSE in 2013. It has more than 5,000 employees and has expanded through acquisitions in Colombia, Chile, Peru, Costa Rica, Argentina, Mexico and Brazil, including Sinqia, Tecnobank and Dimensa.

OPN Holdings is a payments technology company founded in 2015 and based in Singapore. The company provides Omise, an online payment business, and OPN, which offers solutions across financial services and blockchain technology. A role model for global startup development by Japanese entrepreneurs, the company was founded in Thailand and has expanded to Japan, Singapore, Indonesia, Vietnam, and Malaysia. The company serves business and institutional customers through products and services in the payments technology market. Its commercial model is built primarily on payment-processing fees, reflecting the way customers obtain and use its offering. JIC Venture Growth Investments classifies the business in its Middle to Growth portfolio and records May 2022 for the company. The company maintains its operating website at www.opn.ooo, while JIC VGI's portfolio materials preserve the public record of the investment relationship.

PPRO is a London-headquartered fintech firm offering payments orchestration infrastructure that connects businesses, banks, payment platforms, acquirers, and merchants to over 150 local payment methods in 120 countries through a single API. The platform delivers checkout optimization, acquiring services, fraud screening, and risk tools deployable without coding. Partners such as Citi, PayPal, and Stripe utilize PPRO to streamline operations, increase conversion rates, and manage complex payment flows across regions including Europe, North America, Latin America, and Asia Pacific.

Fawry is an Egyptian electronic-payments and financial-services platform founded in 2008 and headquartered in Cairo. It connects consumers, merchants, banks, billers and government entities through physical points of sale and digital channels. Services include bill payment, merchant acceptance, collections, mobile transactions and adjacent financial products. Revenue comes from transaction fees, commissions and services sold across its payments network. Fawry is listed on the Egyptian Exchange and operates as a regulated technology-enabled payments company. ADQ acquired a 12.6% minority position in 2022 through the same negotiated Egyptian share-purchase program that covered four other listed companies. Its hybrid network links digital rails with a broad merchant footprint, supporting cash and electronic payment use cases.

Worldline is a payment service provider offering merchant acquiring, payment processing, and payment infrastructure solutions to merchants and banks.

DLocal Ltd is focused on making the complex simple, redefining the online payment experience in emerging markets. Through its technology platform, One dLocal, the company enables world-wide enterprise merchants to get paid (pay-in) and to make payments (pay-out) online in a safe and efficient manner. The company earns revenue from fees charged to merchants in connection with payment processing services for cross-border and local payment transactions. The company operates in a single operating segment, which is payment processing. The company's geographical segments include Latin America and Non-Latin America, with a majority of its revenue being generated from Brazil in the Latin America region.

Paymentus Holdings Inc provides electronic bill presentment and payment services, enterprise customer communication and self-service revenue management to billers through a Software-as-a-Service (SaaS), secure, omni-channel technology platform. The platform integrates with a biller's financial and operational systems to provide secure and flexible processing of payments, including credit cards, debit cards, eChecks, and digital wallets, across multiple channels such as online, mobile, IVR, call centers, chatbots, and voice-based assistants. The company generates the majority of its revenue from payment transaction fees processed through its platform. Geographically, it derives the maximum revenue from the United States.

Nexi is a payment services provider offering merchant acquiring, card issuing, and digital banking services across Europe. Nexi’s services cover the entire payment chain excluding the card scheme. It offers its acquiring and issuing services either in partnerships with banks, providing point-of-sale terminals, processing, or issuing services on their behalf or directly to merchants.

Mollie is a payments company that provides online and in-person payment services for businesses in Europe and the United Kingdom. It was founded in Amsterdam in 2004 by Adriaan Mol and began as a way for merchants to accept payments through a single API instead of separate bank and card integrations. The platform lets merchants accept cards, local payment methods such as iDEAL and Bancontact, wallets and bank payments, and it adds financing, fraud monitoring, analytics and embedded payments for software platforms. Customers range from small online shops to larger merchants and software vendors. Mollie earns mainly from transaction fees on the payments it processes and from related financial services. It is licensed as an electronic money institution by the Dutch central bank and operates a licensed payment institution in the United Kingdom. In 2026 it completed the acquisition of the bank payments company GoCardless.

Paysafe Ltd is an integrated payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through capabilities in payment processing, digital wallet, and online cash solutions. The company's reportable segments are Merchant Solutions and Digital Wallets. The Merchant Solutions segment, which derives maximum revenue, services markets in North America, Canada and Europe. The Digital Wallets segment services markets in Europe, UK, North America and Latin America. It derives a majority of revenue from the USA followed by Germany, the UK, and all other countries.

Kaspi.kz JSC is the payment, marketplace, and Fintech ecosystem in Kazakhstan. The firm provides interconnected technologically seamless products and services that help people to pay, shop and manage their finances. Its operating segment includes the Payments Platform that connects its customers, which consist of both consumers and merchants, to facilitate cashless, digital transactions, the Marketplace Platform, which derives maximum revenue, connects merchants and consumers enabling merchants to increase their sales and consumers to buy a broad selection of products and services offered by a variety of merchants, and Fintech Platform that enables customers to manage their personal finances online and access consumer finance and deposit products through the Kaspi.kz Super App.

PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 434 million active accounts at the end of 2024. The company also owns Venmo, a person-to-person payment platform.

Dock is a São Paulo-headquartered financial infrastructure provider in Latin America. Its cloud platform combines core banking, card issuing, and payment processing for Pix and boleto. Serving Mercado Livre and Nubank, it processes billions in transactions annually across Brazil, Mexico, and Colombia.

London-headquartered Tide is a business banking platform offering current accounts, invoicing tools, expense tracking, payroll processing, and integrations with accounting software like Xero and QuickBooks. The service supports company registration, virtual and physical Mastercard debit cards, savings pots with interest, and access to loans via partnerships with lenders such as iwoca. Tide serves over 500,000 businesses across the UK with features including real-time payments, automated VAT reconciliation, and fraud monitoring.

E-Finance For Digital And Financial Investments SAE is developing integrated platforms in Egypt's digital revolution. It is a fintech platform and developer of digital payments infrastructures. The company invests in platforms and solutions that serve everyone from government agencies to ordinary consumers. The business has seven operating segments; Services and operation of cards, Integrated solutions, installation, and technical support services, card center services, hosting services, maintenance and network contracts, and others. It derives a majority of its revenue from the Services and operation of the cards segment.

Nium is a payments infrastructure company that provides businesses with cross-border payment, payout, card-issuance and money-movement capabilities through software interfaces. Banks, fintech companies, travel businesses, marketplaces and other enterprises use its platform to collect, hold, convert and send funds and to issue virtual or physical cards. Revenue comes from transaction fees, foreign-exchange spreads, platform services and card-related payment activity. The company was founded in Singapore in 2014 by Prajit Nanu and Michael Bermingham and previously operated under the InstaReM brand. It holds payment licenses across numerous jurisdictions and connects customers to local real-time payment rails and global card networks. Nium has expanded beyond Asia into Europe and the Americas while retaining Singapore as its founding headquarters and major operating base.

Paddle is a London-headquartered fintech platform serving as merchant of record for software companies worldwide. It manages subscription billing, global payments, sales tax compliance, VAT handling, and fraud prevention in over 200 countries. The service integrates with CRM systems, analytics tools, and developer platforms to streamline checkout flows and revenue recovery for SaaS providers.