Samreen Ahmad · · 1 min readTiger Global co-leads $25m round of 🇮🇳 B2B fintech startup
Rupifi, an India-based B2B fintech startup, has raised US$25 million in a series A round led by Bessemer Venture Partners and Tiger Global.
Team Rupifi / Photo credit: Rupifi
Better Capital also participated in the round, along with existing investors Quona Capital and Ankur Capital.
Founded in 2020 by Anubhav Jain, Ankit Singh and Jawaid Iqbal, Rupifi’s offerings include a buy now, pay later service and commercial card products. The platform saw a 50% month-on-month growth in disbursals in the last 12 months while covering more than 50,000 SMEs. These businesses are present in marketplaces such as Flipkart Wholesale, Retailio, and Fynd.
The company uses analytics and data-based insights as the backbone for its credit decisioning.
See also: Series SEA: Who’s investing in the region’s fintech startups?
“With the recent round of funding, we are now moving towards building the complete B2B checkout product for marketplaces and omnichannel mobile-first B2B payments solutions for merchants, distributors, and sellers,” said Jain, who also serves as Rupifi’s CEO.
Editing by Collin Furtado and Lorenzo Kyle Subido
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