India
Microchip Payments is a pioneering startup with a mission encapsulated in its slogan, Last Mile Connectivity. Founded in 2018 in India, the company addresses the challenge of enabling payments for non-tech savvy individuals and regions with poor internet connectivity. Their flagship product, VoicePay, offers a unique solution for making payments over a phone call network, leveraging innovative Voice bot and Text Bot capabilities. The product's potential was demonstrated even before the launch of UPI123Pay in 2023.
The company's offerings include VoicePay for last mile connectivity and IT & Business Consulting services. Being backed by influential entities such as Deshpande Startups, JioGenNext, Qatar Fintech Hub, and Mumbai Fintech Hub, Microchip Payments has garnered recognition for its innovations. Notable accolades include the Elevate Award from the Government of Karnataka, the GoM Grant Award from the Government of Maharashtra and Mumbai Fintech Hub, and the Design for All Tenet Award from Celo Foundation.
The recent Seed Round investment on 13 May 2019, led by GenNext Ventures, signifies trust and potential for Microchip Payments. With a strong foothold in the Internet and Payments industries, the company is poised to make a significant impact in bridging the digital payment divide.
