CITRUS PAYMENT RECORDS 200% GROWTH IN REVENUES IN FY 2014-15
Born out of a requirement of higher online payment success rate, Citrus is a key player in the Payment Gateway industry. It competes with major players like BillDesk, TechProcess, CCAvenue, etc. Citrus was co-founded by Satyen Kothari and Jitendra Gupta in 2011. It is engaged in the business of payment processing for credit cards, debit cards, bill payments, prepaid cards and all other kinds of payment instruments. The company has secured funding from Sequoia Capital and Ascent Capital. In this article, Tofler takes a look at their financial performance in FY 14-15.
Founded in
2011
Turnover in FY14-15
INR 38 CR
Expenses FY14-15
INR 53 CR
FINANCIAL PERFORMANCE OF CITRUS PAYMENT
The company earned a revenue of INR 38 crores in FY 2014-15 as a...