Swipe
Swipe is a Hyderabad-based SaaS platform founded in 2021 that provides mobile-first GST and VAT-compliant billing, invoicing, and inventory management for small and medium-sized businesses across 25+ countries, monetizing via freemium subscriptions at $15-$30 per month.
- Company typePrivate
- Founded2021
- HeadquartersHyderabad, India
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Swipe does
Swipe, operated by Nextspeed Technologies Pvt. Ltd., is a cloud-based billing and invoicing SaaS platform founded in 2021 and headquartered in Hyderabad, India. The product targets small and medium-sized businesses—primarily in retail, distribution, and services—with a mobile-first interface that enables GST and VAT-compliant invoice creation in under 10 seconds, inventory tracking with bulk Excel import, POS billing, payment recording, and automated e-way bill/e-invoice generation. The platform spans web, Windows, macOS, Android, and iOS, with data synced across devices and invoices shareable via WhatsApp, email, and SMS with auto-reminders. Native integrations include Indian banking partners (ICICI, AXIS), payment gateways (Razorpay, PhonePe), shipping (Shiprocket), digital signature (eMudhra), and accounting/ecommerce platforms (Tally, Shopify), positioning Swipe as an SMB fintech workflow hub rather than a standalone invoicing tool.
The company operates a freemium tiered subscription model: a free tier with unlimited invoices and clients for solo entrepreneurs, a Starter tier at $15/month with online payments and custom branding, and a Business tier at $30/month with bulk tools, recurring invoices, and advanced reporting. Go-to-market is predominantly product-led growth via self-serve signup across web and mobile app stores, supplemented by content marketing, a referral program, and community-building initiatives such as 'Swipe for Startups' and 'Swipe for Accountants'. The company claims 2.5M+ businesses on the platform and claims a presence in 25+ countries. Swipe has raised approximately $2.1M in total funding across a 2021 pre-seed and a February 2022 seed round led by Y Combinator, with no subsequent funding round disclosed in the input data. Leadership consists of co-founders Aditya Vemuganti (CEO) and Sri Teja Allaparthi (CTO), and the company was incubated at riidl.
Swipe firmographics
Firmographics- Name
- Swipe
- Legal name
- Nextspeed Technologies Pvt. Ltd.
- Website
- https://getswipe.in
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Swipe is a Hyderabad-based SaaS platform founded in 2021 that provides mobile-first GST and VAT-compliant billing, invoicing, and inventory management for small and medium-sized businesses across 25+ countries, monetizing via freemium subscriptions at $15-$30 per month.
- Ownership category
- akta.pro rank
Swipe industry classification
Industry- Product category
- Billing and Invoicing Software
- akta.pro primary industry
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
Keywords
Where Swipe is headquartered
LocationHeadquarters
- HQ city
- Hyderabad
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Swipe business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Subscription SaaS - Paid Tiers: Three-tier subscription model: Free (basic features), Starter ($15/month - online payments, custom branding), Business ($30/month - advanced features, bulk tools). Annual discounts available. Revenue from converting free users to paid tiers.
- Freemium Model: Free tier provides unlimited invoices, clients, and basic reports to attract SMB adoption with premium upsell opportunity
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free tier for solo entrepreneurs with unlimited invoices and basic features |
| Subscription | Monthly | Growing businesses tier at $15/month with online payments and branding |
| Subscription | Monthly | Scaling teams tier at $30/month with advanced reporting and bulk tools |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Swipe product offering
Product offeringCore offering
Swipe provides a mobile-first, cloud-based billing and invoicing SaaS platform for small and medium-sized businesses. It enables 10-second invoice creation, GST/VAT-compliant invoicing, e-way bill and e-invoice generation, POS billing, inventory tracking, payment recording, expense management, and multi-currency support across 25+ countries.
Product overview
Swipe is a unified billing and invoicing SaaS platform for SMEs, built and operated by Nextspeed Technologies Pvt. Ltd. The core product combines GST/VAT-compliant invoicing, POS billing, and inventory management into a single platform. The offering follows a tiered SaaS model with a Free plan (unlimited invoices, basic reports), a Starter plan ($15/month with online payments and inventory), and a Business plan ($30/month with advanced features and team collaboration). The platform extends through add-on modules including Swipe AI for automated data extraction, an Online Store for e-commerce, Swipe x Tally for accounting sync, Swipe x Shopify for e-commerce integration, and Swipe APIs for developer access. The platform differentiates through 10-second invoice creation, WhatsApp sharing, e-way bill and e-invoice automation, and multi-currency support across 25+ countries.
Differentiator
Problem solved
Functional benefit
Products and services
- Swipe Billing & Payments Platform A comprehensive GST/VAT-compliant billing and invoicing SaaS platform for SMEs offering POS billing, inventory management, payment tracking, automated e-way bill/e-invoice generation, 10-second invoice creation, and WhatsApp/email/SMS sharing.
- Swipe APIs
Quantifiable outcome
- Create invoices in under 10 seconds
- +2 more outcomes
Companies that use Swipe
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles2 records
Swipe technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability4 records
Feature7 records
Swipe partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- riidlminorriidl served as the incubator for Swipe's early development
- Payments Council of IndiaminorIndustry association partnership for payments ecosystem engagement
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Swipe competitors and assessment
Company assessmentDirect peers
- Zoho Invoice: Zoho Invoice is a free/cheap online invoicing solution for SMBs and freelancers, offering invoice creation, expense tracking, multi-currency, and payment integrations. It directly competes with Swipe in the Indian and global SMB invoicing category.
- Vyapar: Vyapar is a leading Indian desktop and mobile GST billing/invoicing app for small businesses, with similar features to Swipe including inventory management, GST compliance, and multi-platform support. It is one of Swipe's closest direct competitors in India.
- Khatabook (OkCredit): Khatabook/OkCredit is an Indian SMB digital ledger and payment collection app that helps small businesses track credit and collect payments. It overlaps with Swipe's payment tracking and collections workflows targeting Indian SMBs.
- Refrens: Refrens is an Indian cloud-based invoicing and accounting platform for freelancers and SMBs offering GST-compliant invoicing, expense tracking, and payment features. It competes directly with Swipe in the Indian freelancer/SMB segment.
- FreshBooks: FreshBooks is a global SMB accounting and invoicing SaaS targeting small businesses and freelancers with subscription pricing, online payments, and expense tracking. Comparable business model and customer profile to Swipe for international SMBs.
- Wave Accounting: Wave offers free invoicing and accounting for small businesses globally with paid payments and payroll add-ons. Its freemium model and SMB targeting closely mirror Swipe's approach.
Broad incumbents
- Tally Solutions: Tally is the dominant Indian accounting and GST compliance software for SMBs, with deep regulatory feature set and entrenched customer base. Swipe integrates with Tally but also competes with it for SMB accounting workflows.
- QuickBooks (Intuit): QuickBooks is the leading global SMB accounting and invoicing platform with broad features including invoicing, expense tracking, payroll, and tax compliance. A broad incumbent in the same category Swipe serves.
- Square Invoices (Block): Square Invoices offers SMB invoicing with online payments, automated reminders, and recurring billing as part of Square's broader commerce platform. Comparable offering in the SMB invoicing and payments category.
Emerging players
- Razorpay: Razorpay is an Indian payments gateway that has expanded into invoicing, payment links, and SMB financial tools. It is both a Swipe integration partner and an emerging competitor in the SMB billing space.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Swipe social profiles
Digital presenceSwipe financial estimates
Financial estimateRevenue estimate
Valuation estimate
Swipe leadership team
Management profileNumber of profiles
Profiles2 records
Swipe funding detail
Funding detailFunding overview
Funding rounds3 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Swipe M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Swipe
What does Swipe do?
Swipe provides a mobile-first, cloud-based billing and invoicing SaaS platform for small and medium-sized businesses. It enables 10-second invoice creation, GST/VAT-compliant invoicing, e-way bill and e-invoice generation, POS billing, inventory tracking, payment recording, expense management, and multi-currency support across 25+ countries.
Is Swipe a public or private company?
Swipe is a private company. It is classified as venture growth investor backed and is currently operating.
When was Swipe founded?
Swipe was founded in 2021. It employs 1 to 10 people.
Where is Swipe based?
Swipe is headquartered in Hyderabad, India, in the Asia region.
How does Swipe make money?
Two revenue lines are on record. Subscription SaaS - Paid Tiers are the primary driver. The others are freemium Model.
Who are Swipe's main competitors?
Direct peers on record are Zoho Invoice, Vyapar, Khatabook (OkCredit), Refrens, FreshBooks and Wave Accounting. Broad incumbents are Tally Solutions, QuickBooks (Intuit) and Square Invoices (Block). Razorpay is listed as an emerging player.
Does Swipe have an API?
Yes. Swipe offers APIs that allow developers to integrate Swipe's billing, invoicing, and payment capabilities into external applications. The API is listed under Features as 'Swipe APIs' indicating developer-accessible endpoints for building integrations. Developer documentation is at getswipe.in/developers.
What industry is Swipe in?
Swipe's product category is Billing and Invoicing Software. Its primary akta.pro industry code is BPAMAFAF, Bill Pay, Invoicing & Payables Platforms.