Itz Cash Card - About the company
Itz Cash Card is an acquired company based in Mumbai (India), founded in 2006 by Alok Goel and Naveen Surya. It operates as a Platform for payment and prepaid card solutions for businesses. Itz Cash Card has raised $52M in funding from investors like Lightspeed Venture Partners, and Lightspeed India, with last known valuation of $82.7M. The company has 453 active competitors, including 63 funded and 33 that have exited. Its top competitors include companies like Stripe, Razorpay and Flutterwave.
Company Details
Platform for payment and prepaid card solutions for businesses. It offers prepaid cash cards and payment solution services for offline and online marketplaces. It offers corporate gift cards and corporate GPR cards. Also offers a mobile wallet for money transfers, utility bill payments, and mobile recharges.
- Website
- Social
- Email ID
- @itzcash.com, @itzcash.com
- Part Of
- ebixcash.com
Key Metrics
Founded Year
2006
Location
Mumbai, India
Stage
Acquired
Total Funding
in 4 rounds
Latest Funding Round
Last Known Valuation
as on Jul 22, 2009
Investors
Ranked
59th among
Annual Revenue
as on Mar 31, 2024
Employee Count
as on Jun 30, 2023
Investment & Acquisitions
Similar Companies
Stripe &
Exit Details
Acquired by Ebix (May 24, 2017)
Legal entities associated with Itz Cash Card
Itz Cash Card is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Mar 28, 2006 | $7.4M (as on Mar 31, 2024) | 61 (as on Sep 30, 2024) |
Get your free copy of Itz Cash Card's company profile
Itz Cash Card's acquisition details
Itz Cash Card got acquired by Ebix on May 24, 2017 at an acquisition amount of $120M.
Click to take a look at Itz Cash Card's acquisition in detail
Itz Cash Card's funding and investors
Itz Cash Card has raised a total funding of $52M over 4 rounds. Its first funding round was on Oct 04, 2007. Its latest funding round was a Series C round on Feb 17, 2015 for $17.4M. 1 investor participated in its latest round, which include Intel Capital, Lightspeed Venture Partners, Z47 and Lightspeed India.
Itz Cash Card has 6 institutional investors including Lightspeed Venture Partners, and Lightspeed India. Z47 is the largest institutional investor in Itz Cash Card. Ashok Goel and 8 others are Angel Investors in Itz Cash Card.
Here is the list of recent funding rounds of Itz Cash Card:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Feb 17, 2015 | $17.4M | Series C | 4772168 | 5500346 | |
Sep 03, 2014 | $15M | Series C | 4737641 | 6111060 | - |
Jul 22, 2009 | $10.3M | Series B | 1721686 | 6387833 |
Access funding benchmarks and valuations. Sign up today!View details of Itz Cash Card's funding rounds and investors
Itz Cash Card's founders and board of directors
The founders of Itz Cash Card are Alok Goel and Naveen Surya.
Here are the details of Itz Cash Card's key team members:
- Alok Goel: Co-Founder of Itz Cash Card and founder of 1 other company. They are also an angel investor in 5 startups and serve on the boards of 4 companies.Contact Info: and
- Naveen Surya: Former Co-Founder of Itz Cash Card. They are also an angel investor in 4 startups and serve on the boards of 2 companies.Contact Info:
Itz Cash Card's Board of Directors
Itz Cash Card's board has 6 active members. Sumit Khadria, , , , and are independent board members.Here is the list of Itz Cash Card's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
lyplsha | Team | - | Past | 2y 8m |
vbybvmx | Team | - | Past | 4y 4m |
e{ukudh | Team | - | Past | 4y 1m |
svtyiwq | Investor | loouqax | Past | 7y 8m |
Independent board member | - | Current | 5y 9m | |
esngqrk | Independent board member | - | Current | 3y 9m |
f{gbpqg | Independent board member | - | Current | 9y 1m |
dqpapca | Independent board member | - | Current | 8y 6m |
raqoboj | Independent board member | - | Past | 5y 3m |
eyujhjd | Independent board member | - | Past | 3y 2m |
xyukovp | Independent board member | - | Past | 9y 7m |
wmljb{c | Independent board member | - | Past | 8y 3m |
dvgkxcb | Independent board member | - | Past | 2y 7m |
hyqsfbg | Independent board member | - | Past | 1y 2m |
fj{femo | Independent board member | - | Past | 1y 6m |
fltcvli | Independent board member | - | Past | 5y 5m |
mvjwfct | Independent board member | - | Past | 8y 2m |
nhklkqx | Independent board member | - | Past | 6y 6m |
q{rrftx | Independent board member | - | Past | 2y 1m |
View details of
Itz Cash Card's employee count trend
Itz Cash Card has 79 employees as of Jun 23. The total employee count is 1.0% lower than what it was in Jun 22. Here is Itz Cash Card's employee count trend over the years:
Uncover Itz Cash Card's growth story! Sign up today!
Access 秘密研究所 on any website
Our Google Chrome extension lets you view company details while browsing their websites
Itz Cash Card's Competitors and alternates
Top competitors of Itz Cash Card include Stripe, Razorpay and Flutterwave. Here is the list of Top 10 competitors of Itz Cash Card, ranked by 秘密研究所 score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Overall Rank | Company Details | Short Description | Total Funding | Investors | 秘密研究所 Score |
|---|---|---|---|---|---|
1st |  Stripe 2009, San Francisco (United States), Series I | Payment processing and card issuance solutions for businesses | $9.81B | Glynn Capital, Silver Lake听&补尘辫;听 | 86/100 |
2nd | Provider of online payment gateway solutions for businesses | $742M | 83/100 | ||
3rd | Flutterwave 2016, San Francisco (United States), Series D | Provider of payment processing solutions for businesses | $489M | Glynn Capital, Alrai Capital听&补尘辫;听 | 79/100 |
4th | Provider of diversified payment solutions for businesses and merchants | $1.32B | Invesco Mutual Fund, BlackRock听&补尘辫;听 | 78/100 | |
5th | PayU 2002, Amsterdam (Netherlands), Funding Raised | Provider of online payment processing and credit solutions for business markets | - | 77/100 | |
6th | Adyen 2006, Amsterdam (Netherlands), Public | Payment issuance and processing solutions for businesses | $266M | Access Industries, Odenn Ventures听&补尘辫;听 | 75/100 |
7th | Digital payments and engagement solutions for MSMEs | $40M | 72/100 | ||
8th | HighRadius 2006, Houston (United States), Series C | Provider of autonomous finance and payment solutions for businesses | $484M | PNC, Iconiq Capital听&补尘辫;听 | 70/100 |
9th | ACI Worldwide 1975, Omaha (United States), Public | Process and manage digital payments | - | Starboard Value, ABS Capital听&补尘辫;听 | 69/100 |
10th | Provider of an online payment gateway platform | $186M | General Atlantic, Temasek听&补尘辫;听 | 67/100 | |
59th |  2006, Mumbai (India), Acquired | Platform for payment and prepaid card solutions for businesses | $52M | 43/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Itz Cash Card's competitors? Click to see the top ones
Itz Cash Card's Latest cap tables and shareholding
Founders own 1.82%, Funds (largest shareholder) own 31.00%, Other People own 0.71% and ESOP Pool own 2.38%. The net worth of Itz Cash Card's founders is INR 7.32Cr as of Jul 22, 2009.
Shareholders Name | Post Round Holding % | Net worth | Cumulative investment | Realised returns | Unrealised returns | Return multiple |
|---|---|---|---|---|---|---|
Founder | 1.82% | 7.32Cr | 1 | 2 | 3 | 8 |
2 | 1 | 1 | 1 | 1 | 6 | |
Fund | 31.00% | 124Cr | 5280435 | 7823321 | 5934319 | 6612821 |
9985398 | 7051649 | 8781387 | 7066752 | 9815788 | 3848160 | |
9446666 | 9233829 | 3013760 | 3285853 | 4599419 | 5494793 | |
Other People | 0.71% | 2.83Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 2.38% | 9.53Cr | 56 | 54 | 58 | 40 |
Total | 35.91% | 144Cr | 4807066 | 6091675 | 5729563 | 8065453 |
To unlock detailed Cap Table of Itz Cash Card Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Itz Cash Card's Shareholding
Itz Cash Card's Investments and acquisitions
Itz Cash Card has a total of 1 investment in Sage Group. Itz Cash Card has not made any acquisitions as of now.
Reports related to Itz Cash Card
Here is the latest report on Itz Cash Card's sector:
View
News related to Itz Cash Card
鈥�
鈥�
鈥�
鈥�
鈥�
鈥�
Asian News International鈥�Jun 23, 2017鈥�Itz Cash Card
鈥�
Business Line鈥�Jun 11, 2017鈥�Itz Cash Card
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQ's about Itz Cash Card
Explore our recently published companies
- EDCCTS - Bengaluru based, 1994 founded, Unfunded company
- Orgits - Delhi based, 2022 founded, Unfunded company
- KS Cheema - Nagpur based, 2012 founded, Unfunded company
- Szimpla - Ottawa based, 2024 founded, Unfunded company
- Sig.ma - Varese based, 2017 founded, Series A company
- BizzHub Workspaces - Bengaluru based, 2017 founded, Unfunded company
