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Deepti Sri · · 1 min readFormer Citrus Pay founders join $4m seed round in Indian fintech startup
“Easebuzz Pvt Ltd, a Mumbai-based payments infrastructure startup, has raised close to US$4 million in funding as part of its seed round led by 8i Ventures, Varanium Capital, and Guild Capital. Former Citrus Pay founders Amrish Rau and Jitendra Gupta also participated in the round,” Livemint reported.
Details:
- Easebuzz will use the new funds to offer more payment-based application programming interfaces (APIs) to small and medium-sized enterprises, strengthen its product team, and increase sales and marketing.
- The company also said it will come up with a new set of services for SMEs, including digital remittances and collections.
Context:
- Easebuzz is an API-driven software platform tht enables businesses to offer financial services by integrating a few lines of code in their own software.
- The startup says it has seen a 12x growth in its revenues and gross transaction value over the past year.
Editing by Collin Furtado and Eileen C. Ang
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