Miguel Cordon · · 1 min readSoftBank leads $60m round of Indian payments firm
Juspay, an India-based payment gateway firm, banked US$60 million in a series C funding round led by SoftBank VisionFund 2, with participation from existing backers VEF and Wellington Management.
Photo credit: Juspay
The startup offers a platform that gives merchants access to an end-to-end payment stack to help them achieve higher revenue at lower costs.
Its suite includes Juspay Safe, a payment browser that simplifies authentication, and Express Checkout, a payments management platform with hundreds of payment options. The company said it currently processes 11 million transactions per day – one of the highest daily volumes in India.
Juspay was founded by Vimal Kumar, the company’s CEO, and Ramanathan RV in 2012. Ramanathan left the company in October 2019 to co-found another fintech firm, Hyperface.
Since its establishment, Juspay has onboarded clients such as Amazon, Flipkart, Cred, Swiggy, Tata, and Reliance Jio.
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The company said it will use the new funds to scale its payments business and other related products like credit both in India and globally.
Editing by Collin Furtado and Arpit Nayak
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