Lalwani wants to push AI boundaries
Bengaluru’s Juspay, a global leader in payment infrastructure for enterprises and banks with global footprint across Asia-Pacific, Latin America, Europe, UK and North America, has secured US$60 million as part of its Series D funding round in a combination of primary and secondary investments, led by Kedaara Capital with participation from existing investors Softbank and Accel.
Juspay plans to further advance its AI capabilities to build future ready innovations aimed at improving workforce productivity and merchant experience.
Sheetal Lalwani, Co-founder & COO of Juspay, said on 7 Apr, “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 https://www.meity.gov.in/.
“Juspay’s strong tech foundation, open-source approach, and visionary leadership make them a standout. We are thrilled to partner with Juspay as they revolutionize global payments,” said Nishant Sharma, Founder and Managing Partner at Kedaara Capital.
“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 https://sbi.com.in/.”
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, 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 US$900 billion in annual total processed volume https://www.nseindia.com/.
Kedaara is an operationally oriented private equity firm pursuing control and minority investment opportunities in India. It currently manages over US$6 billion through investments in several market-leading businesses across a variety of sectors including financial services, consumer, pharma/healthcare, and technology/business services https://www.bseindia.com/.
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. Fiinews.com
