Business APAC
April 8, 2025
Bengaluru’s Juspay Raises $60M to Upgrade Digital Payments – Real Innovation or Just Another Fintech Hype?
Juspay raises $60 million: Here’s some exciting news buzzing around the fintech circles. Juspay, that big payments company based right in Bengaluru, has just scored a massive $60 million in funding! This latest investment, led by the well-known private equity firm Kedaara Capital, also saw returning support from big names like SoftBank and Accel.
Now, this is a pretty big deal, marking Juspay’s first time raising funds in over three years. The last time was back in December 2021, when SoftBank chipped in $60 million. There’s even talk that this new cash could push Juspay into the really big leagues – you know, becoming a unicorn with a valuation over a billion dollars – but the company isn’t saying anything official about that just yet.
Since 2012, Juspay has been quietly building a really impressive set of tools for handling payments. They offer pretty much everything a big company or a bank needs to make online transactions smooth and safe. Think about it: they handle everything from making sure your checkout process is easy to keeping your payments secure with things like 3DS authentication.
Worldwide Presence and a Focus on Artificial Intelligence
While they’re based in Bengaluru, Juspay’s reach is spreading far and wide. They’ve got a presence now in places all across Asia, in Latin America, all over Europe, in the UK, and even in North America. So, what’s the plan with this fresh funding?
Well, Juspay raises $60 million and is looking to invest heavily in artificial intelligence – that’s AI for short. They want to use AI to help their team work even better and to make their services even better for the businesses that use them.
It’s interesting timing for this funding, though. Recently, some of the big payment platforms like Paytm, PhonePe, Cashfree, and Razorpay, decided to move away from using third-party services like Juspay for some of their operations. But Juspay seems to be taking it all in stride, focusing on coming up with new ideas and continuing to grow globally. This new funding is going to give them a boost, especially in developing those AI-powered solutions that could change the game in digital payments.
Co-founder’s Vision and Lead Investor’s Excitement
Sheetal Lalwani, who co-founded Juspay and is their COO, put it this way: “For the last ten years, we’ve been all about creating real value in the payments world, helping out everyone from the shops you buy from to the banks that handle the money, and ultimately the billions of people who use these services. Now, as we grow bigger around the world and explore what AI can do, we’re still totally committed to building open payment systems, work with everything else, and can handle all the different ways people want to pay these days.”
Nishant Sharma, the main guy at Kedaara Capital, also sounded pretty excited about this partnership. “We’re looking forward to working with Juspay as they keep shaking up how payments work globally. They’ve got a super strong tech foundation, they believe in open-source stuff, and their leaders have a great vision. We’re here to support Vimal, Sheetal, and the whole team as they build a platform that’s ready for the future for all sorts of big companies and banks.”
What Happens Now? Juspay’s Plans After the Big Funding Boost
So, after getting this big boost, it looks like Juspay is gearing up for some interesting changes. Juspay raises $60 million, We’ll probably see them putting a lot more focus on artificial intelligence (AI) – think of it as making their systems smarter to help their team work better and to offer even better tools for businesses.
They’re also really pushing forward with this platform called Hyperswitch, which is all about making payments more flexible and efficient, so that could mean some cool new options for everyone down the line.
Plus, they’ve got their sights set on growing even bigger around the world, reaching more customers and businesses in different countries. What this could all boil down to is a smoother and more efficient payment experience for businesses and maybe even for us folks here, too, making online transactions a bit easier all around.
Here is a quick recap about Juspay’s $60 million funding:
- Big Funding Round: Bengaluru-based Juspay has successfully raised $60 million in its Series D funding.
- Lead Investor: The funding round was led by private equity firm Kedaara Capital.
- What Juspay Does: Juspay provides payment technology solutions for banks and large enterprises.
- Focus on AI and Growth: The new funds will be used to invest in artificial intelligence and expand Juspay’s global presence.
- First Funding in Years: This is Juspay’s first capital raise in over three years, since December 2021.
Also Read: Nanotechnology Startup Vimano Raises ₹25 Crore Seed Funding
