Bengaluru, April 07, 2025: Juspay, a global leader
in payment infrastructure for enterprises and banks, has secured $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.
Juspay has expanded
its global footprint across Asia-Pacific, Latin America, Europe, 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. Juspay plans to further advance
its AI capabilities to build future ready innovations aimed at improving
workforce productivity and 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.” 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. We welcome Kedaara
Capital, we could significantly benefit from their rich experience as we build
towards the next phase of our growth”, he added.
"We are
thrilled to partner with Juspay as they revolutionize global payments" said Nishant
Sharma, Founder and Managing Partner at Kedaara Capital. "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."
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.”
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, India, 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 $900Bn in annual total processed volume.
Avendus Capital acted as the exclusive financial
advisor to Juspay on this transaction.
Notes to Editor
About Juspay
Juspay is a
leading multinational payments technology company, redefining payments for 500+
top global enterprises, banks, and card schemes. 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. The Company is headquartered in
Bengaluru, India with offices across the globe.
About Kedaara Capital
Kedaara is an
operationally oriented private equity firm pursuing control and minority
investment opportunities in India. It currently manages over $6 billion through
investments in several market-leading businesses across a variety of sectors
including financial services, consumer, pharma/healthcare, and
technology/business services. Since its inception, Kedaara has remained
singularly dedicated to its stated strategy of focusing on investments built
through trust-based relationships with best-in-class entrepreneurs and
management teams across secular fast-growing end markets. 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.
Media
contacts:
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nitanshi.sharma@pitchforkpartners.com