GrowishPay S.r.l.
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GrowishPay S.r.l. - overview
Established
2014
Location
Milan, -, Italy
Primary Industry
Software
About
Based in Milan, Italy, and founded in 2014, GrowishPay S. r. l. operates as an e-wallet-based social payment solution for group payments, gift lists, gift cards, e-wallet management, payments by loyalty card, and loyalty and cashback programs.
Claudio Cubito and Domingo Sarmiento Lupo are the co-founders of the company. In January 2021, GrowishPay S. r. l.
raised venture funding from CDP Venture Capital and Digital Magics. The company serves over 1500 merchants including OVS, Mediaworld, Lastminute. com, Volagratis, Uvet Travel Network, LoveTheSign, Musement, Nexi SmartPos and others. The company provides a white-label platform that includes features such as crowdfunding and P2P lending, invoice and credit trading, bank-as-a-service and card programs, and a martech omnichannel gift list.
The firm offers technologies and integrations including open banking, group, and split payments, e-wallets and virtual IBANs, escrow accounts, and KYC and fraud monitoring. GrowishPay also provides fintech solutions such as strategy and design thinking, product and project planning, tech analysis, branding strategy, UX/UI product design and prototyping, scouting fintech providers, application as an agent/distributor, AML risk mapping and monitoring, customer assistance as-a-service, salesforce, and CRM integrations, and legal assistance.
Current Investors
CDP Venture Capital, Digital Magics
Primary Industry
Software
Sub Industries
e-Financial, Credit Collections & Services, Internet, Accounting/Finance Software, Application Integration Software
Website
www.growishpay.com
Verticals
Cloud Computing, FinTech, FinTech, Mobile Apps
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
GrowishPay S.r.l. - timeline of key events
GrowishPay S.r.l. - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 14,959 | 29,138 | 47,432 | 56,901 | 145,847 | 46,793 | 318,895 | - | - | - |
| % Revenue Growth (YoY) | - | 94.8% | 62.8% | 20.0% | 156.3% | (67.9%) | 581.5% | - | - | - |
| EBITDA (USD) | (260,189) | (128,258) | (281,274) | (374,596) | (217,097) | (274,310) | (112,431) | - | - | - |
| Operating Income (USD) | (363,299) | (192,796) | (334,597) | (399,650) | (269,119) | (299,199) | (136,923) | - | - | - |
| Operating Margin | (2428.6%) | (661.7%) | (705.4%) | (702.4%) | (184.5%) | (639.4%) | (42.9%) | - | - | - |
| % EBITDA Margin | (1739.3%) | (440.2%) | (593.0%) | (658.3%) | (148.9%) | (586.2%) | (35.3%) | - | - | - |
| NET Income (USD) | (362,721) | (192,610) | (335,013) | (400,030) | (269,119) | (299,420) | (158,455) | - | - | - |
| % Net Margin | (2424.8%) | (661.0%) | (706.3%) | (703.0%) | (184.5%) | (639.9%) | (49.7%) | - | - | - |
GrowishPay S.r.l. - employee data
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