xPay Analysis: $8M Raised
What is xPay?
xPay provides global software companies with billing operations, payment processing, and sales tax management to support international expansion.
Product Features & Capabilities
- Payment solutions for 110+ currencies, sales tax collection and remittance, end-to-end billing operations including invoicing and reconciliation, access to global virtual bank accounts, no transaction limits on subscriptions and one-time payments, instant access to FIRC, 10-minute support SLA.
Pricing
- xPay offers flexible plans tailored for various businesses.
- Access to global virtual bank accounts.
- In-built Payments Gateway links & subscriptions.
- Direct deposits to INR accounts.
- Sales Tax Autopilot feature.
- Dedicated relationship manager.
- Support for 110+ currencies and 150+ countr
How much xPay raised
Series A - $7.78M
January 10, 2020Lead Investor: - Daniel Gutenberg
Who are the founders of xPay
AG
Aniket Gupta
Founder
RB
Rakshit Bansal
Founder
Business Model
Monthly subscription fee plus a small transaction cut; customizable pricing available.
Market Focus
xPay primarily focuses on the software and technology industry, specifically providing tools for international expansion, payment processing, and sales tax management for global software companies.
Investors
- Daniel Gutenberg
- Gaingels
- 4 other investors (specific names not disclosed)
Competitors Overview
xPay's main competitors in the payment processing and billing operations market include:
- IppoPay: Specializes in payment aggregation for various business sectors, providing technology solutions for both online and offline businesses. Its versatility may give it an edge in catering to diverse
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