Terrafin Solutions Private Limited Analysis: $500K Raised
What is Terrafin Solutions Private Limited?
Terrafin Solutions Private Limited operates Cheq, a UPI wallet service for cashless payments by foreign tourists and NRIs in India via mobile phones.
Founded
2021
Revenue
$1.5-1.95M
Business Model
One-time fee for wallet setup; no transaction fees for payments.
Product Features & Capabilities
- Digital UPI wallet for foreign tourists, one-time joining fee of ₹999, scan & pay at 55 million+ merchants, online payments to digital stores, fund addition via international debit/credit cards, proactive call support, 30 days money back guarantee, no monthly subscription, secure transactions with 2
Pricing
- ₹ 999 one-time joining fee for the tourist wallet
- 30 days money-back guarantee
- 0 payment charges at all merchants
- No monthly subscription fees
How much Terrafin Solutions Private Limited raised
Seed - $500K
Aug 23, 2023Lead Investor: Y Combinator
Market Focus
Terrafin Solutions Private Limited primarily focuses on the digital payments industry, specifically providing a UPI wallet service designed for foreign tourists and NRIs in India.
Competitors Overview
The main competitors of Terrafin Solutions Private Limited in the digital payment market for foreign tourists and NRIs in India include:
- UPI One World: This platform is designed specifically for international visitors, allowing them to make seamless digital payments across India. It offers a
Investors
- Y Combinator
- Venture Highway
- 3one4 Capital
- Angel List
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