Cotopay Technologies Private Limited

Cotopay Technologies Private Limited, based in India, specializes in providing digital payment solutions, focusing on UPI vouchers and expense management systems for businesses. Cotopay Technologies Private Limited, founded in 2023 and headquartered in New Delhi, India, develops digital payment solutions utilizing UPI vouchers. The company raised USD 100,000 in an Angel funding round in February 2026, marking its first deal. The firm was established by individuals with prior experience in the finance and technology sectors, although specific details on the founders are not disclosed.

CotoPay provides a comprehensive digital payment solution centered around UPI (Unified Payments Interface) vouchers powered by e-RUPI. Businesses can issue, manage, and track expenses seamlessly through a user-friendly dashboard. CotoPay's UPI vouchers facilitate targeted spending, allowing organizations to lock vouchers for specific categories, thus enforcing control over expenditures. This service is designed for various sectors, including transport, logistics, and consulting, enhancing the management of fleet expenses and corporate reimbursements.

CotoPay serves businesses across India, leveraging existing UPI applications for efficient corporate financial transactions. CotoPay generates revenue through its UPI voucher solution, operating on a transactional basis between businesses and employees. Clients subscribe to the platform to manage expense issuance, and employees utilize vouchers at designated merchants that accept payments via UPI apps. This B2B model helps companies control employee spending while leveraging digital financial management benefits.

CotoPay maintains partnerships with various merchants to ensure broad acceptance of its vouchers, facilitating a streamlined expense management process for organizations of all sizes. In the coming years, Cotopay Technologies Private Limited plans to expand its product offerings by designing new features for its UPI voucher solution, with anticipated launches aligned with market demand. The firm aims to enter new markets in Southeast Asia by early 2027, capitalizing on the growing digital payment landscape. The recent Angel funding of USD 100,000 will support these initiatives, focusing on product development and market expansion strategies.