Sequoia Backed Prizm Payments Outlays Rs1000Cr Capex
Sequoia backed Prizm Payments has outlayed a Rs1,000 Cr capex over three years to expand it's network of ATMs and POS.
It intends to fund the capex through a combination of debt, operating leases and vendor financing.
Sequoia has invested $15 Mn in Prizm in two rounds of funding with latest round of $8 Mn in August this year. 
Axis Bank is also a shareholder in Prizm Payments.
Financial Performance of Prizm Payments
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At present, it operates 8,500 ATMs and 20,000 PoS. Of which, 3,000 are on pay-per-use contracts, while the rest work on a fixed fee plus transactions-based charge arrangement. It also operates the PoS business of Reliance Money in 2009
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