ToneTag Competitors, Revenue and Alternatives

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Overview

Location:
Bengaluru, India
Total Funding:$11.3M
Industry:Finance
Founded:2014
Lead Investor(s):N/A
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Industry Ranking

Estimated Revenue & Financials

  • ToneTag's estimated annual revenue is currently $21.6M per year.
  • ToneTag's estimated revenue per employee is $210,000
  • ToneTag's total funding is $11.3M.

Employee Data

  • ToneTag has 103 Employees.
  • ToneTag grew their employee count by 34% last year.
  • ToneTag currently has 1 job openings.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
Pin Payments
$5M24N/AN/A
Visa
$13.1M90N/AN/A
North American ...
$279.3M1330N/AN/A
BluePay Holding
$26M124N/AN/A
PayJunction
$35.8M247N/AN/A
PayU
$415M1976N/AN/A
Merchant e-Solu...
$80.9M385N/AN/A
Fattmerchant
$15.5M12026%$18.3M
Payfirma
$5M24N/AN/A
Checkout.com
$155M73862%$380M
Quantum Electro...
$9.9M47N/AN/A
Verifi
$51.9M247N/AN/A
Global Payments
$2147.5M13392N/AN/A
PaymentSpring
$10.3M49N/AN/A
TransNational P...
$42.2M2013%N/A
Przelewy24
$22.1M105N/AN/A
SecurePay
$27.1M129N/AN/A
Satispay
$30.2M144N/AN/A
Atlantic Pacifi...
$6.9M33N/AN/A
Actum Processin...
$3.6M17N/AN/A
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ToneTag is an integrated library (sdk) that allows easy, frictionless, and secure proximity payments using sound (Tone) or NFC (Tag). Depending upon user device and retail pos hardware, mobile application can toggle to initiate in-store purchases using sound or NFC.It works on any mobile device and no internet is required on user device at time of initiating payment. At present Mobile Payment Industry is missing out on a tech which can enable frictionless payment at the last mile. If we want users to pay using mobile then the whole experience of payment need to be either similar or better than card or cash payments.NFC does enable a good user experience but it has extremely low penetration roughly less than 7% globally. ToneTag fills this gap, it enables a similar user experience without the need of NFC and which work on every phone and bridge the last mile in making mobile transactions a reality for all.

keywords:N/A

103

Number of Employees

$21.6M

Revenue (est)

1

Current Jobs

34%

Employee Growth %

$11.3M

Total Funding

N/A

Valuation

N/A

Accelerator

N/A

Type

ToneTag News

12-Sep-19 - This Amazon-backed startup makes digital payment possible without Internet

This is what motivated Abhishek to rope in his pal Vivek Kumar Singh to form ToneTag in 2013. ToneTag's in-house software and devices ...

07-Sep-19 - Unable to make digital payments everywhere due to poor connectivity? You may now do it with sound wave

Backed by Amazon, Mastercard, 3one4 capital and Amensa, the company, named ToneTag, is not only empowering the masses in India, but ...

27-May-19 - Fintech start-up ToneTag takes sound wave payments tech to Japanese market

Fintech start-up ToneTag, which is backed by global majors like Amazon and Mastercard, is foraying into the Japanese market.