Juspay secures $60M funding from Kedaara
Juspay, a Bengaluru fintech firm focused on payment infrastructure, has raised $60 million in Series D. The round was led by Kedaara Capital, a leading private equity player, with follow-through from previous investors like SoftBank and Accel. The round had both primary and secondary investments.
Established in 2012, Juspay offers a reliable portfolio of payment solutions that range from one-click checkout to authentication, tokenization, payouts, and converged analytics. It is a key contributor to India’s digital payments landscape, processing more than 200 million transactions per day, with its processed volume being over $900 billion per year.
This new capital injection will be tactically deployed to strengthen the artificial intelligence capabilities of Juspay. The firm intends to maximize employees’ productivity and enhance merchants’ experience using AI-based innovations. Beyond technology innovation, Juspay has made global expansion announcements. Target markets for expansion are the Asia-Pacific, Latin America, Europe, United Kingdom, and North America, meaning the firm wants to expand its operations on a global scale.
The funding round follows close on the heels of Juspay open-sourcing its next-generation routing infrastructure, further demonstrating its focus on innovation and ecosystem creation. The Series D round is reminiscent of Juspay’s earlier raise in 2021, when it had also raised $60 million led by SoftBank.
Through this new investment, Juspay is set to solidify its position as one of the primary players in the global payments sector, spearheading frictionless, secure, and scalable transactional solutions for merchants and consumers.
