Company Information

Get to know PaySense

Founded in 2015 by Prashanth Ranganathan and Sayali Karanjkar, PaySense is a fintech company that aimed to improve financial inclusion in India. The company developed a digital platform that uses proprietary data-driven credit risk models to provide instant personal loans and credit lines to both salaried and self-employed individuals. In January 2020, PaySense was acquired by the global fintech firm PayU for $185 million and was subsequently merged with PayU's own credit platform, LazyPay, creating a comprehensive digital credit and payment solution in the Indian market.

Industry

Financial PaymentPRIMARY
Financial Other Service

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PaySense

India

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

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ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.