RocketPay
India, IN · 59 employees on LinkedIn · 2 known investors
RocketPay provides mandate-based loan and deposit collection infrastructure for NBFCs, fintech platforms, and digital lenders in India, using UPI Autopay and eNACH systems with features like balance-aware retries and Aadhaar-authenticated borrower recovery.
Also known as RocketPay
Founders & leadership
Investors · 2
Company profile
researched Aug 2026RocketPay is an India-focused collections infrastructure provider built around two product lines. The first automates recurring collections through UPI Autopay and eNACH mandates — the NPCI systems for automated recurring payments — covering loan EMIs, trade credit, recurring deposits and subscriptions, with smart retries, balance-aware recovery and non-cancellable mandate options. The second is device locking for financed mobile phones, using DLC and native OEM locking that activates when a borrower defaults and releases when the loan is recovered.
The platform is offered with multiple deployment paths: an API, an Android app, and a Tally integration (a TDL install) that lets businesses create and track mandates directly from a customer ledger inside Tally, including debit status tracking and receivables management, without a separate dashboard. Stated operational features include onboarding within 48 hours, T+1 settlement of successful collections to the merchant account, real-time collection and settlement timestamps in a dashboard, custom workflow flexibility, and a dedicated account manager with 24x7 support. Businesses complete a one-time KYC at onboarding; end customers authenticate the mandate once, via UPI apps registered with NPCI (mandates registered against the customer's VPA) or via eNACH methods such as net banking, debit card and Aadhaar OTP, with some banks supporting PAN- or customer ID-based authentication.
Business model
RocketPay sells collections infrastructure to businesses that collect recurring payments, delivered as an API, an Android app or a Tally add-on, with onboarding that includes a one-time business KYC verification and T+1 settlement of collected funds to the client's account.
Traction
The company reports more than ₹5,000 crore worth of mandates created, over 1.2 crore transactions created, more than 5 lakh mobile devices secured, over ₹1,000 crore worth of financed devices protected, and NPA below 1% where device locking is used. Customer testimonials cite an NBFC improving collection rates from 72% to 87% within three months with ₹8.2 crore+ collected, a distributor serving 400+ retailers reducing DSO from 38 to 12 days on ₹12 crore+ annual collections, and a microfinance lender with 12,000+ active mandates serving 12,000+ borrowers cutting its collection cycle from 20 days to 3 days.
▸Full profile — market position, technology, go-to-market, geography
Market position
Describes itself as a fast-growing collections infrastructure provider for Indian lenders and businesses, serving segments from regulated lenders and MFIs to MSMEs and subscription businesses.
Positioning centers on depth of collections workflow rather than generic payment acceptance: combining mandate-based recovery with device-level enforcement for financed phones, offering deployment inside Tally alongside API and Android options, go-live in 48 hours, custom workflows, on-time settlements and a dedicated account manager with 24x7 support.
Technology
Collections are built on NPCI's UPI Autopay and eNACH mandate rails, with mandates registered against a customer's VPA for UPI and authenticated via net banking, debit card, Aadhaar OTP or bank-specific PAN/customer ID methods for eNACH. The platform layers smart retries, balance-aware recovery, penalty handling and non-cancellable mandates on top, and adds DLC and native OEM device locking for financed handsets that triggers on default and releases on recovery. Delivery options include an API, an Android app, and a Tally TDL extension.
Go-to-market
Direct sales driven by demo requests from the company website, with segment-specific positioning for lenders, MFIs, cooperative societies, distribution networks and subscription businesses; the Tally integration targets businesses already running Tally, and customer testimonials from an NBFC, an electronics distributor and a microfinance lender are used as references.
NBFCs, fintechs and other regulated lenders; microfinance institutions collecting group and individual loan repayments; credit cooperative societies collecting member loan repayments and deposits; retailers, distributors and manufacturers automating trade credit collections and securing financed devices; and SaaS and subscription businesses.
Geography
India-focused; referenced customer deployments include an NBFC in Ahmedabad, a distributor in Delhi, and a microfinance lender in Patna serving borrowers across Bihar and Uttar Pradesh.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
▸Research sources · 1
primary sources listed
- RocketPayrocketpay.co.in · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does RocketPay do?
- RocketPay offers UPI Autopay and eNACH mandate collections plus device locking for Indian lenders and businesses.
- Who founded RocketPay?
- RocketPay was founded by Arpit Bajpai.
- Who are RocketPay's investors?
- RocketPay's investors include Sprint Vc, iSeed.
- Where is RocketPay headquartered?
- RocketPay is headquartered in India, IN.