Diligence memo · auto-generated · as of July 1, 2026
xPay
xPay looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
xPay operates in Fintech, based in Bengaluru, India. International Billing Ops, Sales Tax and Payments for SaaS businesses
Sub-sector tags: Fintech, Payments, fintech, saas.
Capital & rounds (filed)filed
xPay has raised $250K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $250K on 2019-05-21.
Most recent recorded round closed around 2019-05-21.
Valuation (modeled)modeled
Provath models xPay at approximately $11M (range $160K–$124M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.50× the median modeled value of Pre-Seed Fintech companies in 2019–2021 (29 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 7.1 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 67% of Fintech peers (1063 compared).
Modeled value ranks above 73% of those peers.
Closest niche peers: Telda, Prospa, Kuda, Wapi Pay, Okra.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.