B2B fintech startup Mysa raises $3.4 million from Blume Ventures, Piper Serica

Mysa, a Business-to-business (B2B) fintech startup, has raised $3.4 million (around INR 31.2 Cr ) in its pre-Series A funding round co-led by Blume Ventures and Piper Serica.

The round also saw participation from Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing investors Antler, IIMA Ventures, and Neon Fund.

The startup will use the funding to improve its AI technology and banking products, including AI-powered procurement, UPI-based expense management, and a corporate credit card.

It also plans to grow its bank partnerships and expand distribution to help businesses access capital more easily.

Read also- 4baseCare raises Rs 90 Cr in Series B round

“We’re building an AI-driven automation platform that plugs seamlessly into legacy ERPs and banks, enabling teams to scale without adding operational risk—at zero upfront cost and with no migration required,” said Mysa cofounder and CEO, Arpita Kapoor.

“This is a massive, under-served opportunity in India, where mid-size businesses continue to struggle with fragmented and inefficient financial and banking workflows, paying service companies upfront fees to solve for gaps in legacy ERPs,” said Ajay Modi, director of investments at Piper Serica. “Mysa is creating a new category by combining AI-driven automation with deep bank integrations.”

About Mysa 

Founded in 2023 by Kapoor and Mohit Rangaraju, the Bengaluru-based Mysa offers an AI-powered platform for business banking, expense management and accounting automation. It helps mid-sized Indian businesses with revenues between ₹10 crore and ₹300 crore streamline accounts payable, vendor payments and reconciliations.

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The platform includes accounts payable automation, invoice management, expense tracking and integrated banking through partner banks like Yes Bank. Features such as Smart Scan enable automated bill processing, expense categorisation and real-time reconciliation.

Mysa simplifies financial operations for founders and finance teams by providing a single platform instead of multiple disconnected tools. It serves businesses across sectors including quick commerce, manufacturing, hospitality, fintech and real estate with clients like Dhan, Wint Wealth, Swish, DrinkPrime and Material Depot.

The company processes over ₹1,500 crore in annualised transactions and supports payments to more than 40,000 bank accounts. Mysa integrates with over 15 banks, including Axis Bank, Yes Bank, IDFC First Bank, ICICI Bank and HDFC Bank.

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