Indian paytech Juspay has raised $60 million in a Series D funding round, led by Kedaara Capital and supported by existing investors SoftBank and Accel. The funds will be used to expand Juspay’s operations in the UK and US markets, enhance its AI capabilities, and improve its payment infrastructure for merchants and banks. Founded in 2012, Juspay’s open-source payment orchestration platform processes over 200 million transactions daily
Juspay, an Indian payment technology company, has successfully raised $60 million in its Series D funding round. The funding was led by Mumbai-based private equity firm Kedaara Capital, with participation from existing investors SoftBank and Accel.
Founded in 2012, Juspay is a prominent player in the paytech sector, offering an open-source payment orchestration platform called Hyperswitch for merchants. The platform is designed to streamline payment acceptance and real-time infrastructure for banks, while also providing fraud management, tokenization, analytics, and 3DS authentication. Juspay processes over 200 million transactions daily.
The Series D round follows a successful $60 million Series C raise in 2021 and marks a significant milestone in the company’s growth journey. Juspay plans to use the fresh funding to accelerate its expansion into international markets, particularly in the UK and US, where the company aims to enhance its presence.
By securing this funding, we aim to scale our operations in international markets, while also focusing on enhancing our AI capabilities to drive innovations that will improve merchant and customer experiences.”
company spokesperson
In addition to its Indian operations, Juspay has offices in Dublin, San Francisco, Singapore, and Sao Paulo, reflecting its global ambitions. The company intends to utilize the Series D funds not only for international expansion but also to improve its AI-driven products and services for merchants and banks.
With this investment, Juspay looks to solidify its position as a leader in payment technology and continue its mission of delivering seamless and secure digital payment solutions across the globe.
