Finance Platform Mysa Raises $2.8 Mn In Seed Funding Round

Mysa, a unified finance and banking platform for mid-sized businesses, has raised $2.8 million funding round led by Blume Ventures.

Emphasis Ventures (EMVC), Antler, Neon Fund, and CIIIE, along with angel investors including Sriharsha Majety (Swiggy), Mohit Kumar (Ultrahuman), Naiyaa Saagi (MyGlamm), Nitin Gupta (Uni), and Nishith Rastogi (Locus) also participated in this round.

The company said the funds will be used to improve the platform, expand the team, and attract more customers.

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“We are just getting started. Mysa aspires to run the banking & finances for the largest GDP contributing companies of India. As part of our ambitious roadmap, Mysa has successfully obtained a 'registered investment advisor' (RIA) licence from the Securities and Exchange Board of India (SEBI). This milestone sets the stage for the development of an AI-enabled treasury management product, specifically designed for mid-size businesses to manage their excess cash," said Arpita Kapoor, Co-founder & CEO, Mysa.

"Mysa is a much-needed solution that tackles the day-to-day challenges in banking and finance that many Indian companies face. By streamlining these processes, Mysa will usher in a new era of efficiency in costs as well as on controls. With its AI-powered capabilities, Mysa is set to redefine finance operations for modern enterprises," said Joseph Sebastian, AVP at Blume Ventures

The fintech company has also launched a new finance and banking platform to create an AI-powered product that will help businesses manage their cash.

About Mysa 

Mysa Smart Scan automatically creates summaries for bills, predicts due dates, and organizes expenses. It also helps collect invoices using bots and smart payment routing, while the mobile app allows easy banking on the go.

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