Softbank Leads $60M Round Of Indian Payments Firm
12/15/21, 10:32 AM
Money raised
$60 million
Industry
financial services
Juspay, an India-based payment gateway firm, banked US$60 million in a series C funding round led by SoftBank VisionFund 2, with participation from existing backers VEF and Wellington Management.
Company Info
Additional Info
Photo credit: JuspayThe startup offers a platform that gives merchants access to an end-to-end payment stack to help them achieve higher revenue at lower costs. The company said it currently processes 11 million transactions per day – one of the highest daily volumes in India. The company said it will use the new funds to scale its payments business and other related products like credit both in India and globally. Juspay was founded by Vimal Kumar, the company’s CEO, and Ramanathan RV in 2012.