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Fintech firm Juspay -- a global payments infrastructure provider for enterprises and banks -- raised USD 50 million (around Rs 458 crore) in a Series D follow-on
funding round led by WestBridge Capital, valuing the company at USD 1.2 billion (almost Rs 11000 crore) , the company said. The transaction includes a mix of primary and secondary investments, with the secondary component providing liquidity to early investors and employees holding ESOPs, the second such liquidity event enabled by Juspay within a year. Funding to support global expansion The fresh capital comes after a year of strong growth for the company and will be used to support Juspay’s expanding global footprint, as it strengthens its presence across Asia-Pacific, the Middle East, Latin America, Europe, the UK and North America. Juspay said it continues to scale as a global payments platform, catering to enterprises and banks across multiple geographies.
Payment volumes cross USD 1 trillion
Juspay reported that its annualised Total Payment Volume (TPV) has crossed USD 1 trillion.
The company currently processes over 300 million transactions every day for leading global and Indian brands, including Agoda, Amazon, Flipkart, Google, HSBC, IndiGo, Swiggy, Zepto and Zurich Insurance, among others, it said.
Focus on open-source, modular payments infrastructure
Juspay said it remains focused on building open-source, interoperable and modular payments infrastructure to support global commerce. The company aims to create long-term value across the payments ecosystem by supporting merchants, banks, payment networks and, in turn, billions of end users.
In parallel, Juspay is also investing in artificial intelligence capabilities to drive future-ready innovations that improve workforce productivity and enhance merchant experience.
Company leadership welcomes new partner
Commenting on the funding, Sheetal Lalwani, Co-founder and Chief Operating Officer of Juspay, said the company’s focus over the past decade has been on solving deep-rooted challenges in global payments.
“Our focus over the last decade has been on solving the core complexities of global payments through first-principles engineering and design,” Lalwani said.
“As we scale globally, we are grateful for the continued trust of our partners. This round reflects our growth and provides liquidity opportunities for our early investors and team members who have been part of this journey. We welcome WestBridge Capital as a partner as we build the next generation of payments infrastructure,” he added.
Investor confident of Juspay’s long-term play
Deepak Ramineedi, Partner at WestBridge Capital, said Juspay has consistently stayed ahead of the curve by building future-ready technology for complex payment ecosystems.
“Our conviction stems from their relentless innovation — evolving from a payment orchestration platform to a full-stack UPI platform and now to a core payments infrastructure provider for banks,” he said.
He added that Juspay’s focus on solving deep-tech challenges while maintaining a sustainable and profitable growth trajectory sets it apart in the fintech space.
Avendus Capital advised the deal
Avendus Capital acted as the exclusive financial advisor to Juspay for the transaction.
The latest funding round underscores continued investor confidence in Juspay’s technology-led approach at a time when demand for scalable, reliable and global payment infrastructure is rising rapidly.
About Juspay and WestBridge Capital
Juspay is a Bengaluru-headquartered payments technology company that provides core payments infrastructure to over 500 global enterprises and banks which founded in 2012. The fintech startup processes more than 300 million transactions daily with an annualised Total Payment Volume exceeding USD 1 trillion and a reported reliability of around 100 per cent, it said.
Juspay operates across major global markets, with teams based in San Francisco, Dublin, São Paulo, Singapore and Dubai, and employs over 1,500 payment experts worldwide.
WestBridge Capital is a global investment firm with around USD 7 billion in assets under management, and offices in Bengaluru, Silicon Valley and Mauritius. The firm has backed several prominent Indian startups, including Rapido, Meesho, Physics Wallah, Star Health and IndiGo Airlines, and has a two-decade track record of partnering with founders across private and public markets, according to Juspay.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
