Juspay Raises USD$21.6M in Series B Funding
Summary
The round was led by Vostok Emerging Finance, with a USD$13m investment, with participation from Wellington Management, alongside existing investors Accel. Post the transaction, Vostok Emerging Finance holds a minority stake and board representation in the company. The company intends to use the funds to invest in R&D, to deepen its market presence in India and take its inventions to the rest of the world. Juspay Safe is a mobile payments browser designed to improve transaction time and increase conversion rate. The company has had more than 200 million downloads of its SDK and facilitates more than $10bn of annualized payment volume for some of India’s largest merchants including Amazon, Flipkart, Uber, Swiggy, Ola and Cred.
Funding
Amount
$21.6M
Total raised
Date
March 31, 2020
Announcement date
Investors
-
Lead investors
Company
http://www.juspay.in
Funded company
Classifications
industries
Fintech & Banking
applications
No applications detected
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