
enStage
EnStage operates as a payment solutions and processing provider for the global marketplace.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €0.0 | round | |
N/A | Early VC | ||
Total Funding | 000k |
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enStage, incorporated as Enstage Software Private Limited on December 13, 2000, operates as a provider of payment solutions and processing for a global marketplace. The company is classified as a non-government entity and is registered in Bangalore, India. Over the years, enStage established itself in the fintech and payments sector, eventually leading to its acquisition. Syniverse, a major player in global connectivity and mobile communications, acquired enStage to enhance its enterprise offerings. This strategic move was part of Syniverse's broader plan to bolster its Communications Platform as a Service (CPaaS) capabilities, integrating enStage's payment solutions with its own messaging and mobile engagement platforms.
The business was founded by Govind Setlur. Before founding enStage, he was the CEO of Wipro's Financial Solutions division. The leadership team also included Suresh Rajagopalan. After the acquisition by Syniverse, Andrew Davies took over as CEO of the combined entity.
enStage provides a platform for payment processing, targeting financial institutions, retailers, and mobile network operators. Its business model centers on facilitating various types of electronic payments, including mobile payments, credit card transactions, and prepaid services. Revenue is generated through commissions and fees on the transactions processed through its systems. The company's core offering is a comprehensive suite of payment technologies that includes a payment gateway, 3-D Secure authentication, and mobile payment solutions. This platform enables clients to offer secure and seamless payment experiences to their end-customers across multiple channels. Following its integration into Syniverse, these services are now part of a larger CPaaS Concierge offering, which combines messaging channels like SMS, MMS, and WhatsApp with secure payment functionalities.
Keywords: payment solutions, payment processing, fintech, mobile payments, transaction processing, payment gateway, 3-D Secure, prepaid services, CPaaS, financial technology, secure payments, omnichannel communications, enterprise messaging, Syniverse, mobile engagement, credit card processing, payment interoperability, Bangalore, Govind Setlur