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2014-06-06

Bangalore-based start-up FortunePay secures angel funding

FortunePay offers e-payment platform and services to banks and merchants.

Bangalore-based start-up FortunePay secures angel funding

Bangalore-headquartered e-payment processing solutions start-up Fortune Payment Solutions India Pvt Ltd has secured under $1 million in angel round of funding from Kae Capital, with participation from Mumbai Angels and Delhi-based Growx Venture Management. The company will use the capital for platform certification and product deployment.

 

FortunePay offers e-payment platform and services to banks and merchants. It offers a variety of payment terminals, including dial-up, GPRS/mobile, PC-PoS and m-PoS. The company was set up in 2011 by Manju S Murthy and Shashidhar P (head of operations).

 

Murthy had previously co-founded WDC Solutions and exited it in 2007. He had also worked as a payments consultant in the US and in India. Murthy holds an MS degree from University of Texas at Austin and a MBA degree from University of Houston. His partner Sashidhar was AVP (engineering) at A Little World Pvt Ltd. Prior to that he was CTO at WDC Solutions. He holds a BE degree in Computer Science.

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