VMPL
Bengaluru (Karnataka) [India], April 7: Juspay, a global leader in payment infrastructure for enterprises and banks, has secured $60 million as part of its Series D funding round in a combination of primary and secondary investments. This investment round was led by Kedaara Capital with participation from existing investors Softbank and Accel.
Juspay has expanded its global footprint across Asia-Pacific, Latin America, Europe, UK and North America. Juspay also continues to accelerate the growth of its open-source payments orchestration platform, empowering merchants with an interoperable, transparent and modular solution that ensures full flexibility and control over their payments stack. Juspay plans to further advance its AI capabilities to build future ready innovations aimed at improving workforce productivity and merchant experience.
"For the past decade, Juspay's mission has been to create long term value across the payments ecosystem--supporting merchants, banks, networks, and, by extension, the billions of users they serve." said Sheetal Lalwani, Co-founder & COO of Juspay. "Today, as we expand our global footprint and push the boundaries of AI, we remain committed to building truly open source and interoperable payment systems that embrace the growing diversity in the payments landscape. We welcome Kedaara Capital, we could significantly benefit from their rich experience as we build towards the next phase of our growth", he added.
"We are thrilled to partner with Juspay as they revolutionize global payments" said Nishant Sharma, Founder and Managing Partner at Kedaara Capital. "Their strong tech foundation, open-source approach, and visionary leadership make them a standout. We look forward to supporting Vimal, Sheetal and the team as they scale a resilient, future-ready payments platform for leading enterprises and financial institutions."
Kshama Jain, Director and Rahul Mehta, Director and Co-Leads, Financial Services at Kedaara Capital added : "We are proud to partner with Juspay, whose relentless innovation, product depth, and global ambition position them as a category-defining player in the payments space."
Founded in 2012, Juspay is a global leader in enterprise payment solutions, powering payments for merchants and banks worldwide as their technology service provider (TSP) of choice. Juspay provides full-stack orchestration, checkout experience, 3DS authentication, tokenisation, unified analytics, and value-added services for enterprise merchants, as well as end-to-end payments acceptance and real-time payments infrastructure for leading banks. Headquartered in Bengaluru, India, with offices in San Francisco, Sao Paulo, Dublin, and Singapore, Juspay supports market-leading clients across the globe, processing more than 200Mn transactions daily, at 99.999% reliability, with over $900Bn in annual total processed volume.
Avendus Capital acted as the exclusive financial advisor to Juspay on this transaction.
Notes to Editor
About Juspay
Juspay is a leading multinational payments technology company, redefining payments for 500+ top global enterprises, banks, and card schemes. Juspay offers a comprehensive product suite for merchants that includes open-source orchestration, payouts, seamless authentication, tokenization, fraud management, end-to-end reconciliation, unified analytics & more. The Company is headquartered in Bengaluru, India with offices across the globe.
About Kedaara Capital
Kedaara is an operationally oriented private equity firm pursuing control and minority investment opportunities in India. It currently manages over $6 billion through investments in several market-leading businesses across a variety of sectors including financial services, consumer, pharma/healthcare, and technology/business services. Since its inception, Kedaara has remained singularly dedicated to its stated strategy of focusing on investments built through trust-based relationships with best-in-class entrepreneurs and management teams across secular fast-growing end markets. Kedaara combines the strengths of a well-networked, highly experienced local investing and operating team, with the experience of their strategic partner, Clayton, Dubilier & Rice, a global private equity firm.
Media contacts:
Nitanshi Sharma | nitanshi.sharma@pitchforkpartners.com
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