Pazy, a Bengaluru-based integrated business-payments platform for finance teams, has raised ₹6 crore (~$720K) in a pre-seed funding round led by Inuka Capital, with participation from Gemba Capital.
The capital raised will be used to expand its product capabilities, deepen ecosystem integrations, and scale the platform to ₹10,000 crore in annual spend under management over the next year.
Founded in 2023 by Pratik Chhajed and Devyanshu Shukla, Pazy is an integrated business-payments platform that helps Indian businesses digitise invoice capture, approvals, tax reconciliation and connected banking in minutes.
Pazy helps businesses manage their non-payroll payments, including vendor payouts, reimbursements, and tax-related transactions, on a unified platform.
Pazy integrates all three segments, helping finance teams process invoices faster, reclaim more input tax credit, and eliminate human-led errors that can derail financial operations.
Pazy claims that finance teams using Pazy close books 10× faster, reclaim up to 7 % extra input-tax credit and gain real-time visibility into every rupee of spend.
Trusted by leading enterprises across sectors, such as BFSI, media, retail, and manufacturing, Pazy facilitates payments worth hundreds of crores every month for clients, including Plum Insurance, WhiteGold, Keka, Fibe and Sprinto, amongst others.
Pratik Chhajed, Co-Founder and CEO, Pazy, said, “At Pazy, our vision is to develop a ‘gravity product’ that flawlessly unifies all business transactions. We’re working towards becoming the single operating system for our clients’ financial operations, enabling greater clarity, control, and efficiency while minimizing manual effort and errors. The pre-seed funding will fuel our efforts to scale annual spend under management to INR 10,000 crore over the next 12 months.”
Gautam Shewakramani, Co-Founder & Partner, Inuka Capital, said, “We are excited about the digitization of Indian businesses and see Pratik, Devyanshu and the Pazy team as a key enabler of greater efficiency and long-term value creation for their stakeholders in the coming years. As the Indian economy continues to formalise, B2B payment systems are under pressure to meet two rising demands: compliance-led digitisation through GST, and seamless, consumer-grade experiences inspired by UPI. Pazy is uniquely positioned at this crossroads, and with over INR 3,000 crore in invoice value already processed and a stellar Net Promoter Score of 90+, they are well on their way to becoming the ‘CFO Mission Control’ for business spend in India.”
