NEOKRED
Neokred is a Bengaluru-based B2B fintech infrastructure provider offering unified identity verification, payment processing, and DPDP-compliant consent management platforms to banks, fintechs, and enterprises across India through its ProfileX, CollectBot, and Blutic product lines.
- Company typePrivate
- Founded2019
- HeadquartersBengaluru, India
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What NEOKRED does
Neokred Technologies is a Bengaluru-based B2B fintech infrastructure company founded in 2019 that provides a unified digital platform spanning identity verification, payment processing, and privacy compliance to banks, NBFCs, fintechs, and enterprises in India. The company operates a B2B2C model where its technology is embedded within partner platforms (Razorpay, Paytm, Coinswitch Kuber, Centrico Insurance Repository) to serve end consumers, with direct enterprise customers including Axis Bank, Yes Bank, Equitas Small Finance Bank, AU Small Finance Bank, NeoGrowth, and Avanse Financial Services.
The company's product architecture is organized around three core pillars: ProfileX for identity verification and risk assessment (KYC orchestration, fraud detection, skip tracing, nominee tracing across 200+ risk signals with claimed 99.9999% accuracy); CollectBot for payment infrastructure (Payin SDK, Virtual Account Numbers, and NPCI-certified UPI Switch with sub-100ms latency, 99.99% uptime, and up to 10,000 TPS capacity); and Blutic for DPDP Act-compliant consent management and governance/risk/compliance (GRC). Neokred also sells UNIQ-branded payment hardware including PCI 6 SRED certified POS terminals and MQTT-powered Soundbox devices. The company claims proprietary first-mover status in India's skip tracing (90-second NPA locator) and nominee tracing (unclaimed insurance/mutual fund recovery) solutions, and holds PCI DSS, ISO 27001, and ISO 9001 certifications.
Neokred monetizes through API/platform licensing and subscriptions, transaction processing fees on CollectBot, and UNIQ hardware sales. Pricing is quote-based with enterprise sales motion, a 30-day CollectBot free trial, a limited-time 40% discount on ProfileX APIs, and a distinctive zero-fee model for the UPI Switch offering to banks. The company was founded by Rohith Reji (CEO) and Tarun Nazare (Managing Director), has grown to 101-250 employees, and has raised over $1.2M in disclosed seed funding (2021) with a Series B announced in April 2025. The company has expanded via the November 2021 acquisition of PeSeva Technologies (BNPL), and faces an ongoing GST evasion regulatory matter involving senior executives in the gaming vertical as of April 2026.
NEOKRED firmographics
Firmographics- Name
- NEOKRED
- Legal name
- Neokred Technologies
- Website
- https://neokred.tech
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Neokred is a Bengaluru-based B2B fintech infrastructure provider offering unified identity verification, payment processing, and DPDP-compliant consent management platforms to banks, fintechs, and enterprises across India through its ProfileX, CollectBot, and Blutic product lines.
- Ownership category
- akta.pro rank
NEOKRED industry classification
Industry- Product category
- Digital Banking & Payment Infrastructure
- NAICS
- Computer Terminal and Other Computer Peripheral Equipment Manufacturing (334118)
- akta.pro primary industry
- Fraud Detection & Prevention (payments fraud, account takeover, scams) (FSAGAFAE)
- akta.pro secondary industries
- Privacy, Consent & Data Governance Compliance (GDPR/CCPA, data lineage) (FSAGAFAI), Embedded/Platform Neobanks (Banking-as-a-Feature) (FSABAFAF), BNPL Risk, Fraud & Identity (POS-Specific) (FSAGAIAH)
Keywords
Where NEOKRED is headquartered
LocationHeadquarters
- HQ city
- Bengaluru
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
NEOKRED business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- API/Platform Licensing and Subscription: Neokred provides B2B API-first products (ProfileX, CollectBot, Blutic) to banks, fintechs, and enterprises on a licensing/subscription basis. Products are integrated via SDKs and APIs, with usage-based and tiered pricing structures.
- Payment Processing Transaction Fees: CollectBot processes payments (Cards, Net Banking, UPI, Wallets) for merchants and businesses, generating revenue through transaction processing fees.
- Hardware Sales (POS & Soundbox Devices): Sale of UNIQ branded payment hardware devices including POS machines (Neo POS, Neo POS Lite, Neo POS Mini, Neo Keypad POS) and Soundbox devices for real-time payment confirmation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Up to 40% off on ProfileX KYC Orchestration APIs (limited time offer) |
| Freemium | Pay-as-you-go | CollectBot free trial for 30 days |
| Subscription | Multi-year contract | UPI Switch with Zero Fee model for banks |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
NEOKRED product offering
Product offeringCore offering
Neokred is a B2B digital infrastructure company that builds APIs, SDKs, and platforms covering identity verification (ProfileX), payment processing and UPI switching (CollectBot), and DPDP/GDPR consent management (Blutic). It also sells UNIQ-branded POS terminals and Soundbox payment-confirmation devices. Products are sold via enterprise sales to banks, fintechs, NBFCs, and merchants across India.
Product overview
Neokred is a digital infrastructure company offering a modular platform built around three core pillars: profiling (identity verification and risk management), payments (processing and infrastructure), and privacy (consent and compliance management). The platform comprises ProfileX for 360-degree identity verification and fraud detection, CollectBot for unified payment processing including Payin SDK, Virtual Account Numbers, and NPCI-certified UPI Switch infrastructure, and Blutic for enterprise consent management and GRC capabilities. Additionally, Neokred offers UNIQ-branded payment hardware including smart POS terminals (Neo POS, Neo POS Lite, Neo POS Mini, Neo Keypad POS) and QR Soundboxes with MQTT-powered real-time transaction alerts. Specialized solutions include Skip Tracing and Nominee Tracing for the BFSI sector to locate defaulters and unclaimed fund beneficiaries. The company has expanded through the 2021 acquisition of PeSeva Technologies (BNPL solutions) and partnerships with major Indian banks and fintechs.
Differentiator
Problem solved
Functional benefit
Brands
- ProfileX: Comprehensive identity verification and risk assessment solutions including KYC, mobile number intelligence, fraud prevention, skip tracing, and nominee tracing
- CollectBot
- Blutic
- UNIQ
- Collectbot 3.0
- Game Bureau
Products and services
- ProfileX Comprehensive identity verification and risk assessment platform combining 200+ real-time risk signals, deep data enrichment, and adaptive intelligence for onboarding, authentication, transaction monitoring, and collections. Used by banks, fintechs, and financial institutions to verify users and detect fraud.
- Payin (CollectBot Checkout SDK)
Quantifiable outcome
- Reduced onboarding time from 18 months to 3 months for bank partners (initial achievement)
- +7 more outcomes
Companies that use NEOKRED
Customer profileNamed customers13 records
Segments9 records
Ideal customer profiles3 records
NEOKRED technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability9 records
Feature10 records
NEOKRED partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- AIGF (All India Gaming Federation)coreAIGF partnered with Neokred Technologies to announce Game Bureau for fraud prevention and user verification, specifically targeting online gaming platforms to prevent fraud and ensure user verification compliance in the gaming sector.
- Transcorp and Visa (via Giverly)coreGiverly launched a prepaid card that helps consumers 'Give Back' while spending, in partnership with Transcorp and Visa, powered by Neokred's digital infrastructure.
- PeSeva TechnologiescoreNeokred acquired PeSeva Technologies, a BNPL (Buy Now Pay Later) solutions provider, to expand its embedded lending services and capitalize on the growing demand for embedded lending in India expected to grow significantly through 2024.
- Yes BankcoreYes Bank launched a co-branded prepaid card with Neokred for cashless payments, representing a key bank partnership for Neokred's card infrastructure.
- RazorpaycoreNeokred has partnered with Razorpay as part of India's digital public infrastructure space, integrating its technology solutions within the Razorpay ecosystem for banks and fintechs.
- PaytmcoreNeokred partnered with Paytm as part of India's digital public infrastructure space, integrating its technology solutions within the Paytm ecosystem for digital financial services.
Scale indicators13 records
Recent moves7 records
Expansion highlights6 records
NEOKRED competitors and assessment
Company assessmentDirect peers
- Setu (PayU): Setu is an Indian fintech-infrastructure provider offering account-aggregator, KYC, and payments APIs to banks and fintechs. Its open-banking and identity APIs compete with Neokred's ProfileX and CollectBot rails across the same B2B2C developer audience.
- Signzy: Signzy is an Indian digital KYC and onboarding infrastructure provider serving banks and fintechs with API-based identity verification and risk assessment. It directly overlaps Neokred's ProfileX KYC Orchestration and Onboard products in the same BFSI buyer set.
- HyperVerge: HyperVerge is an India-headquartered identity-verification and KYC platform serving BFSI, fintech, and consumer apps with AI-based document and liveness checks. It is a direct competitor in the digital-onboarding and risk-scoring category where Neokred's ProfileX and Onboard products operate.
- Decentro: Decentro is an Indian fintech API platform providing account aggregation, KYC, payments, and banking-as-a-service infrastructure to fintechs and enterprises. It overlaps with Neokred's CollectBot and embedded-banking positioning for the same developer and platform buyer base.
- Perfios: Perfios is an Indian fintech data and decisioning platform providing income/identity verification, KYC, and financial-data APIs to banks, NBFCs, and lenders. It is comparable to Neokred's ProfileX identity and risk-assessment suite, targeting the same BFSI underwriting and onboarding workflows.
- Cashfree Payments: Cashfree is an Indian payment-gateway and payout API platform offering card, UPI, net-banking, and wallet aggregation with intelligent routing. It competes head-to-head with Neokred's CollectBot payin and virtual account products for the same merchant and platform customer base.
- IDfy: IDfy provides API-based identity verification, background checks, and fraud detection for BFSI, gig economy, and enterprise onboarding in India. It overlaps directly with Neokred's ProfileX KYC, document verification, and fraud-prevention modules.
Broad incumbents
- Pine Labs: Pine Labs is an India- and SEA-focused merchant commerce and POS platform offering payment terminals, soundboxes, and in-store software. It is comparable to Neokred's UNIQ POS and Soundbox hardware line, both targeting enterprise merchants with integrated payment acceptance.
- Razorpay: Razorpay is India's largest full-stack payments and banking platform, spanning payment gateway, UPI, payouts, lending, and neobanking. It is both a Neokred partner and a broad incumbent competing across payment processing, UPI infrastructure, and identity — overlapping with multiple Neokred product lines.
Emerging players
- Bureau.id: Bureau is an India-based identity-and-fraud-prevention API platform serving BFSI and fintech with device fingerprinting, behavior analytics, and KYC. It is an emerging player with focused overlap on Neokred's fraud detection and risk-signal capabilities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
NEOKRED social profiles
Digital presenceNEOKRED compliance and trust
Trust signalCompliance11 records
NEOKRED financial estimates
Financial estimateRevenue estimate
Valuation estimate
NEOKRED leadership team
Management profileNumber of profiles
Profiles7 records
NEOKRED subsidiaries and ownership
Company hierarchySubsidiaries1 record
NEOKRED funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NEOKRED M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NEOKRED
What does NEOKRED do?
Neokred is a B2B digital infrastructure company that builds APIs, SDKs, and platforms covering identity verification (ProfileX), payment processing and UPI switching (CollectBot), and DPDP/GDPR consent management (Blutic). It also sells UNIQ-branded POS terminals and Soundbox payment-confirmation devices. Products are sold via enterprise sales to banks, fintechs, NBFCs, and merchants across India.
Is NEOKRED a public or private company?
NEOKRED is a private company. It is classified as venture growth investor backed and is currently operating.
When was NEOKRED founded?
NEOKRED was founded in 2019. It employs 101 to 250 people.
Where is NEOKRED based?
NEOKRED is headquartered in Bengaluru, India, in the Asia region.
How does NEOKRED make money?
Three revenue lines are on record. API/Platform Licensing and Subscription is the primary driver. The others are payment Processing Transaction Fees and hardware Sales (POS & Soundbox Devices).
Who are NEOKRED's main competitors?
Direct peers on record are Setu (PayU), Signzy, HyperVerge, Decentro, Perfios, Cashfree Payments and IDfy. Broad incumbents are Pine Labs and Razorpay. Bureau.id is listed as an emerging player.
Does NEOKRED have an API?
Yes. CollectBot offers well-documented APIs for payment integration, enabling developers to integrate payment processing into online products. The platform supports plug-and-play pre-built plugins for popular e-commerce platforms, websites, apps, and accounting software. The UPI Switch infrastructure provides APIs for banks to distribute UPI solutions, deploy static and dynamic QR codes, and offer dedicated UPI addresses. The Skip Tracing API enables regulated institutions to input defaulter details and scan across verified databases to find alternate contact information within 90 seconds. ProfileX APIs are available for KYC verification including Passport, PAN, Bank Account, UPI/VPA, UPI Info API, EKYC Search, Driving Licence, and RC verification. Developer documentation is at auth.neokred.tech/login.
What industry is NEOKRED in?
NEOKRED's product category is Digital Banking & Payment Infrastructure. Its primary akta.pro industry code is FSAGAFAE, Fraud Detection & Prevention (payments fraud, account takeover, scams), with a secondary code of FSAGAFAI, Privacy, Consent & Data Governance Compliance (GDPR/CCPA, data lineage). Its NAICS code is 334118.