Fintech Firm Juspay Raises $60 Mn To Boost Payments Infra With AI

Juspay, a Payment technology company has raised $60 million as a part of Series D funding round led by Kedaara Capital. 

The funding round included both primary and secondary investments, with continued support from existing investors SoftBank and Accel.
Avendus Capital acted as the financial advisor for the deal.

This comes as several payment platforms like Paytm, PhonePe, Cashfree, and Razorpay have ended their partnerships with Juspay as a third-party orchestration provider.

Juspay will use the new funds to expand its global reach and boost its AI capabilities. It already operates in regions like Asia-Pacific, Latin America, Europe, the UK, and North America and plans to further develop its open-source payments platform.

Read also- CalligoTech Raises $1.1 Mn In Pre-Series A Round

“For the past decade, Juspay’s mission has been to create long-term value across the payments ecosystem… Today, as we expand our global footprint and push the boundaries of AI, we remain committed to building truly open source and interoperable payment systems that embrace the growing diversity in the payments landscape,” said Sheetal Lalwani, co-founder & COO of Juspay. 

Nishant Sharma, founder and managing partner at Kedaara Capital, said, “We’re excited to partner with Juspay as they revolutionise global payment. Their strong tech foundation, open-source approach and visionary leadership make them a standout.”

About Juspay 

Founded in 2012 by Vimal Kumar and Ramanathan RV, Juspay offers a full suite of services for businesses and banks, including checkout systems, 3DS authentication, tokenization, analytics and real-time payment infrastructure.

Juspay says it processes over 200 million transactions every day with 99.999% reliability, handling more than $900 billion in payments annually.

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