Company Overview
Swipe is a SaaS-based GST billing and accounting app for SMEs in India, simplifying invoicing, inventory management, and financial reporting for small and medium enterprises. Founded in 2021 by Sri Teja Allaparthi and Aditya Vemuganti and backed by Y Combinator (W20), the Hyderabad-based company raised $2.04M in total funding including a $2M seed round in February 2022 led by Y Combinator with participation from Global Founders Capital, Kunal Naresh Shah, Duro Ventures, and Soma Capital. As of March 2024, Swipe generated ₹3.81 crore ($450,000 USD) in annual revenue and processed over $30M in transactions while growing 100% month-over-month.
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Key Differentiators
Strong Challenger
Swipe is an established challenger with significant market presence and competitive offerings in Finance.
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