Fintech infrastructure company Juspay has secured $60 million as part of its Series D funding round led by private equity firm Kedaara Capital, it announced on Monday.
The round, which was a combination of primary and secondary investments, was also joined by existing investors SoftBank and Accel, the company said in a statement.
The company plans to use the fresh capital proceeds to deepen its investments in artificial intelligence to enhance workforce productivity and improve the merchant experience, the statement added.
Juspay has expanded its footprint to regions such as Asia Pacific, Latin America, Europe, the UK, and North America. It also continues to invest in its open-source payments orchestration platform, which it says allows enterprise merchants greater flexibility and transparency in managing their payments stack.
“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,” he added.
Founded in 2012 by Vimal Kumar and Sheetal Lalwani, Juspay claims to provide 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 claims to support clients across the globe, processing more than 200 million transactions daily, with over $900 billion in annual total processed volume.
