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§ Private Profile · Hyderabad, India
Super AI Accountant for SMBs
Swipe has raised $2.0M across 1 funding round.
Key people at Swipe.
Swipe was founded in 2021 by Aditya Vemuganti (Founder) and Sri Teja Allaparthi (Founder).
Swipe has raised $2.0M in total across 1 funding round.
Swipe is a simple billing and payments app for small businesses in India. We make it easy for local businesses to invoice their customers over WhatsApp. With Swipe, businesses can send a WhatsApp message with a link that allows their customers to pay instantly with a variety of payment methods.
Swipe is a Super AI Accountant and simple billing and payments app designed specifically for small and medium businesses (SMBs) in India. It enables local businesses to create GST-compliant invoices and send them directly to customers via WhatsApp, facilitating instant payments through multiple digital methods. The platform also offers inventory management, financial reporting, and business analytics, making it a comprehensive financial management tool for SMBs. Swipe serves over 25,000 business owners, processing $30 million+ in transactions with a rapid growth rate of 100% month-over-month, positioning itself as a critical enabler of digital financial operations for India’s vast SMB sector[1][2][4].
For an investment firm, Swipe’s mission centers on empowering Indian SMBs with AI-driven, easy-to-use financial tools that simplify billing, payments, and compliance. Its investment philosophy likely focuses on fintech innovation that leverages AI and popular communication platforms (WhatsApp) to drive adoption among underserved SMBs. Key sectors include fintech, SaaS, AI, and B2B services targeted at SMBs. Swipe’s impact on the startup ecosystem is significant as it accelerates digital transformation for millions of SMBs, driving financial inclusion and operational efficiency in a traditionally fragmented market[1][2].
Swipe was founded in 2021 by Aditya Vemuganti and Sri Teja Allaparthi, both with backgrounds in technology and product development. The idea emerged from recognizing the challenges Indian SMBs face in billing and payment collection, especially the friction in digital payment adoption. Leveraging WhatsApp’s ubiquity in India, the founders created a solution that integrates invoicing and payments into a familiar platform, simplifying the process for merchants and their customers. Early traction was strong, with Swipe quickly gaining thousands of users and backing from prominent investors including Y Combinator and Cred’s Kunal Shah[1][3].
Swipe rides the digital transformation and fintech adoption wave among Indian SMBs, a sector expected to exceed 105 million businesses by 2024. The timing is critical as India’s digital payments ecosystem matures, and SMBs increasingly seek simple, integrated tools to manage finances and comply with GST regulations. By embedding AI and leveraging WhatsApp, Swipe reduces barriers to digital invoicing and payments, accelerating financial inclusion and operational digitization. This positions Swipe as a key player influencing the broader fintech ecosystem by setting new standards for SMB financial software usability and integration with everyday communication tools[2][4][5].
Swipe’s future trajectory looks promising as it continues to deepen AI capabilities, expand user base, and enhance automation across invoicing, reconciliation, and compliance workflows. Upcoming features like conversational AI invoicing via WhatsApp messages will further simplify user interaction. Trends shaping its journey include increasing SMB digitization, regulatory pushes for GST compliance, and growing digital payment penetration in India. Swipe’s influence is likely to expand beyond billing into a full-fledged AI-powered financial assistant for SMBs, potentially becoming indispensable in India’s SMB fintech landscape[5].
In summary, Swipe’s innovative use of AI and WhatsApp integration uniquely positions it to transform how millions of Indian SMBs manage billing and payments, aligning perfectly with the ongoing digital revolution in emerging markets.
Key people at Swipe.
Swipe was founded in 2021 by Aditya Vemuganti (Founder) and Sri Teja Allaparthi (Founder).
Swipe has raised $2.0M in total across 1 funding round.
Swipe's investors include Alpine Ventures, Banana Capital, Jungle Ventures, Magma Partners, Upload Ventures, Eric Rea, Gokul Rajaram.
Swipe has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in February 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2022 | $2M Seed | — | Alpine Ventures, Banana Capital, Jungle Ventures, Magma Partners, Upload Ventures, Eric REA, Gokul Rajaram | Announced |
