Draft:HitPay
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Submission declined on 12 May 2026 by Flyingphoenixchips (talk).
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Submission declined on 12 May 2026 by Flyingphoenixchips (talk). This draft's references do not show that the subject meets Wikipedia's criteria for inclusion for organizations and companies. The draft requires multiple published secondary sources that:
Declined by Flyingphoenixchips 2 months ago.
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HitPay is a Singapore-based financial technology company that provides payment services for small and medium-sized enterprises (SMEs) in the Asia-Pacific region.[1][2][3] It is licensed by the Monetary Authority of Singapore as a Major Payment Institution.[4] The company participated in Y Combinator.[5][6]
History
[edit]HitPay was co-founded in 2016 by Aditya Haripurkar as a digital wallet, then later pivoted to a small and medium enterprise-focused virtual point of sale product in 2018.[2]
In August 2021, HitPay joined Y Combinator's S21 cohort.[5][6]
In September 2021, HitPay raised $2.7 million in seed funding, led by Global Founders Capital, with participation from HOF Capital, Y Combinator.[7]
In May 2022, HitPay raised $15.8 million in Series A funding, led by Tiger Global, with participation from Global Founders Capital and HOF Capital.[8]
In February 2023, HitPay was granted an Operator of Payment System license by the Bangko Sentral ng Pilipinas.[9]
In December 2023, HitPay launched its mass payout services, allowing businesses to pay workers, contractors, partners, and suppliers efficiently through their platform.[10]
In June 2024, HitPay was granted a Major Payment Institution license by the Monetary Authority of Singapore.[11]
In March 2025, HitPay partnered with NPCI International to support the acceptance of India's Unified Payments Interface in Singapore.[12]
In October 2025, HitPay partnered with Triple-A to enable stablecoin payments for businesses in Singapore.[13]
In April 2026, HitPay announced that it had reached $2.5 billion in annualized payment volumes while focusing on small and medium-sized businesses rather than large enterprises.[1]
Products and services
[edit]HitPay provides online and in-person payment acceptance, invoicing, recurring billing, and e-commerce payment integrations for businesses.[2][14][15] In January 2026, the company introduced Borderless QR, a service for accepting QR-based payments from visitors using overseas payment schemes, including GrabPay, WeChat Pay, PromptPay, GCash and DuitNow.[16][17]
See also
[edit]- Electronic commerce
- List of online payment service providers
- Payment gateway
- Payment service provider
References
[edit]- ^ a b Goh, Melissa (April 3, 2026). "How HitPay grew to $2.5b in annualized payment volumes with $18m". Tech in Asia. Retrieved May 12, 2026.
- ^ a b c Shu, Catherine (May 30, 2022). "HitPay is a one-stop solution for SMEs". TechCrunch. Retrieved May 12, 2026.
- ^ Haripurkar, Aditya (December 14, 2025). "Why the future for Philippine SMEs is digital". The Manila Times. Retrieved May 14, 2026.
- ^ "HitPay Payment Solutions Pte. Ltd". Monetary Authority of Singapore Financial Institutions Directory. Retrieved 12 May 2026.
- ^ a b "HitPay". Y Combinator. Retrieved 12 May 2026.
- ^ a b Sri, Deepti (August 17, 2021). "Y Combinator doubles SEA startups in latest cohort". Tech in Asia. Retrieved May 12, 2026.
- ^ "Announcing Our Seed Funding". HitPay. September 28, 2021. Retrieved July 15, 2026.
- ^ Pratama, Aditya Hadi (May 31, 2022). "Tiger Global leads $15.8m round of SG payment gateway firm". Tech In Asia. Retrieved July 15, 2026.
- ^ "Singapore's Hitpay Granted Payment License in the Philippines". Fintech News Singapore. February 7, 2023. Retrieved July 16, 2026.
- ^ "HitPay Rolls Out Mass Payout Services in Singapore, Malaysia, and the Philippines". Fintech News Singapore. December 11, 2023. Retrieved July 16, 2026.
- ^ Cordon, Miguel (June 5, 2024). "Tiger Global-backed HitPay gets MAS license". Tech In Asia. Retrieved July 17, 2026.
- ^ "HitPay partners with NPCI International to launch UPI integration in Singapore". TechNode Global. 20 March 2025. Retrieved 12 May 2026.
- ^ "Tiger Global-backed HitPay, Triple-A to enable stablecoin payments". Tech in Asia. October 15, 2025. Retrieved May 12, 2026.
- ^ Tirona, Olivia (May 4, 2026). "HitPay eyes bigger share of traveller payments via QR | Asian Banking & Finance". Asian Banking & Finance. Retrieved May 12, 2026.
- ^ "Solving thorny issues through payment platforms". SME Horizon. January 26, 2026. Retrieved May 14, 2026.
- ^ "HitPay launches Borderless QR to power streamlined cross-border Asia payments for 20,000 MSMEs". Fintech News Singapore. January 28, 2026. Retrieved May 12, 2026.
- ^ "HitPay enables SG merchants to accept overseas QR payments". Singapore Business Review. January 28, 2026. Retrieved May 12, 2026.
Category:Companies established in 2016 Category:Y Combinator companies Category:Payment service providers Category:Payment systems Category:Online payments Category:Point of sale companies Category:Merchant services
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