Payments fintech Juspay Technologies has raised US$ 60 million in series C funding to scale its business both in India and globally.
Juspay will invest the funds in technology and product development to scale its payments business at home and internationally, as well as explore opportunities in other product areas, such as credit.
SoftBank Vision Fund 2 led the funding round, with participation from existing investors VEF and Wellington Management.
Juspay, which was founded in 2012, provides technology that unifies payment gateways for merchants.
The fintech claims its payments products, including Juspay Safe and Express Checkout, touch 300 million online transactions per month.
Vimal Kumar, founder and chief executive officer of Juspay, says: “This funding will help us scale up our mission in India and expand globally.”
Vishal Gupta, director at SoftBank Investment Advisers, adds: “Juspay is one of the most innovative deep tech companies in India’s fast-growing digital payments market. It is solving the complex needs of an evolving fintech ecosystem. We believe in Juspay’s vision to simplify payments for billions of people globally and deliver higher revenue at a lower cost for merchants.”