Last deal

Amount

Venture - Series Unknown

Stage

25.09.2018

Date

2

all rounds

$8M

Total amount

date founded

Financing round

General

About Company
Hitachi Payment Services provides technology-led payment solutions to financial institutions and e-commerce aggregators.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Prizm Payment Services

founded date

01.01.2008

Operating Status

Closed (01.01.2013)

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

The company was created by integrating the operations and team of Integrated Maintenance and Services Private Limited (IMAS) and Sequoia Capital. It provides a comprehensive array of cash and digital payment solutions, including ATM services, cash recycling machines, POS solutions, internet payment gateway solutions, toll and transit solutions, digital payment platforms, risk management and analytics, reconciliation and settlement services, merchant services, and card issuance solutions. With a presence in 70 cities, it manages over 3,500 electronic transaction terminals and offers spare part depots and a rework center across the country. As a subsidiary of Hitachi Ltd., it leverages Hitachi's technology expertise and customer-centric approach to provide world-class payment solutions.
Contacts
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M&A Details
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Transaction name

Acquired by

Hitachi

announced date

15.11.2013

price

$250M

Financials

Funding Rounds
2
2

Number of Funding Rounds

$8M

Money Raised

Their latest funding was raised on 25.09.2018. Their latest investor Sequoia Capital India. Their latest round Venture - Series Unknown

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Co-Investors
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Mohit Bhatnagar

Mohit Bhatnagar

Mohit is currently a Managing Director with Sequoia Capital India. Mohit has received an MBA from UNC Chapel Hill and an MSEE from Virginia Tech.

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Acquisitions
1
Writer Corporation's Cash Management Business acquired by Hitachi Payment Services

Writer Corporation's Cash Management Business acquired by Hitachi Payment Services

acquirer

Hitachi Payment Services
Hitachi Payment Services

date

26.07.2023

type

Acquisition
Writer Corporation's Cash Management Business

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Writer Corporation provides cash services including ATM replenishment and retail pick-up.

Sector

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Subsector

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Keywords

Financial Services

People

Founders
3
Raghu Nathan
Raghu Nathan

Raghu Nathan

current job

Hitachi Payment Services
Hitachi Payment Services

organization founded

1

Raghu Nathan

Loney Antony
Loney Antony

Loney Antony

Loney Antony is the Co-Founder & Managing Director at Hitachi Payment Services.

current job

Hitachi Payment Services
Hitachi Payment Services

organization founded

1

Loney Antony

Shyam Sunder
Shyam Sunder

Shyam Sunder

Shyam Sunder (Shyam) is the Chief Operating Officer of Prizm Payments. Prior to co-founding Prizm Payments, Shyam was the Regional Chief Financial Officer (CFO) for Euronet Asia Pacific and along with Loney Antony co-founded the Euronet India business. A Chartered Accountant by background, prior to Euronet India, Shyam brings over 18 years of experience and held regional finance responsibilities with NCR Asia Pacific for over 5 years. Shyam was also based in Jakarta where he was the Vice President of Finance for the Sinarmas Group in Indonesia and prior to that he worked with Citibank, India.

current job

Hitachi Payment Services
Hitachi Payment Services

Shyam Sunder

Employee Profiles
15
Gali Kishorebabu

Gali Kishorebabu

Chief Technology Officer

Jayant D’Mello

Jayant D’Mello

Managing Director, International Business

Rustom Irani

Rustom Irani

Managing Director

Sumil Vikamsey

Sumil Vikamsey

Director -MoneySpot

Tetsuya Yagi

CSO

Raghu Nathan

Raghu Nathan

Director

Rajeev Desai

Rajeev Desai

Director, Projects & Customer Relations

Loney Antony

Loney Antony

Co-Founder & Managing Director

Activity

Recent News
8
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

month