Indian fintech Juspay secures $60m in Series D funding

Indian payments orchestration level Juspay has raised $60m successful its Series D backing round, done superior and secondary investments.

The circular was led by Kedaara Capital, with existing investors Softbank and Accel besides participating.

Avendus Capital was the exclusive fiscal advisor to Juspay for the fundraise.

Juspay aims to further make its artificial quality capabilities to heighten workforce productivity and the merchant experience.

The institution has been strengthening its beingness worldwide and present operates crossed the Asia-Pacific, Latin America, Europe, the UK, and North America.

Juspay's open-source payments orchestration level is astatine the halfway of its maturation strategy, designed to supply merchants with a modular and interoperable solution that enhances power implicit their payments stack.

Since its inception successful 2012, the institution has go the exertion work supplier of prime for merchants and banks worldwide.

Juspay offers a suite of services including full-stack orchestration, checkout experience, 3DS authentication, tokenisation, unified analytics, and value-added services for endeavor merchants.

It besides provides payments acceptance and real-time payments infrastructure for banks.

The institution presently processing implicit 200m transactions regular and managing an yearly full processed measurement of implicit $900bn, the merchandise sated.

Juspay co-founder & COO Sheetal Lalwani said: “For the past decade, Juspay’s ngo has been to make agelong word worth crossed the payments ecosystem—supporting merchants, banks, networks, and, by extension, the billions of users they serve.

“Today, arsenic we grow our planetary footprint and propulsion the boundaries of AI, we stay committed to gathering genuinely unfastened root and interoperable outgo systems that clasp the increasing diverseness successful the payments landscape. We invited Kedaara Capital, we could importantly payment from their affluent acquisition arsenic we physique towards the adjacent signifier of our growth”, helium added.

However, outgo providers Paytm, PhonePe, Razorpay, and Cashfree scrapped their confederation with Juspay implicit the past fewer months.

Meanwhile, past month, Juspay launched the open-source modular payments platform, Hyperswitch, in the US, Europe and the UK.

"Indian fintech Juspay secures $60m successful Series D backing " was primitively created and published by Electronic Payments International, a GlobalData owned brand.

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