New Delhi and Amsterdam-based Online Payments and ecommerce solution provider, Newgen Payments has secured undisclosed amount of funding from Jan Manten. He is Co-founder and former CEO of GlobalCollect, a leading global online payments company.
Before that, Jan served in Treasury and Cash Management positions at international corporations and a bank. Currently, he is an investor and holds board positions at a number of startups in various segments.
Newgen provides a 360° approach in taking brick-and-mortar merchants online quickly and seamlessly. It is focused on addressing crucial market by helping international merchants enter the Indian ecommerce market, as well as bringing Indian merchants online.
Sunil Jhamb, Founder & CEO of Newgen Payments said, “Our international team, expertise in online payments and network enable us to act as a partner for international merchants to set up their business in India. We help these international brands enter and succeed in the Indian ecommerce market.”
Newgen works hand-in-hand with its clients by designing their websites, providing development & hosting services, and simplifying the checkout process by offering the widest range of payment options. Its proprietary analytics software helps boost sales, protects against fraud, ensures website security and optimizes shipping options.
The platform helps merchants increase conversion rates, reach more customers, and optimize their operations. Newgen’s end-to-end solutions enable merchants to focus on their core business, while Newgen handles all aspects of their online platform.
The firm offers cloud-based payment gateway, which enables merchants to accept payments easily and securely from their website or app. Besides, it also offers a single reconciliation for all payment types, regardless of the payment method: online, mobile, card present or cash on delivery.
Prior to founding Newgen, Sunil was responsible for GlobalCollect’s global sales planning and strategy, where he developed corporate strategies that drove new revenue opportunities. He holds an MBA from the University of Amsterdam.