Juspay, a payment infrastructure and solution provider for enterprises and banks, has raised $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.
The funds raised will be used to further advance its AI capabilities to enhance workforce productivity and improve the 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. 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,” said Sheetal Lalwani, Co-founder & COO of Juspay.
“We are thrilled to partner with Juspay as they revolutionize global payments. 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,” said Nishant Sharma, Founder and Managing Partner at Kedaara Capital.
Kshama Jain, Director and Rahul Mehta, Director and Co-Leads, Financial Services at Kedaara Capital said, “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 payments technology company, that powers 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 payment acceptance and real-time payment infrastructure for leading banks.
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.
Juspay has expanded its global footprint across Asia-Pacific, Latin America, Europe, the 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.
