Avendus Capital Advises Juspay on Its USD 60 mn Series C Fundraise, Led by Softbank Vision Fund 2

Founded in 2012, Juspay is on a mission to build a robust payments operating system for India. It has played a pivotal role in improving the user experience for billions of payment transactions for leading merchants like Amazon, Flipkart and Swiggy. Today, the bulk of mobile payments in India go through Juspay’s platform. It processes 11 million transactions per day, one of the highest in India, with best-in-class reliability.

Juspay’s solutions have transformed the three important layers of payments: customer experience, payments integration, and the foundational bank infrastructure. Its notable inventions include Juspay Safe - world’s first payment browser that simplifies payment authentication, HyperSDK - the largest payments SDK distribution installed across 250 million mobile phones, and Express Checkout - India’s leading payments orchestration platform to boost transaction success rates.

Juspay, one of the earliest proponents of UPI, has a suite of UPI products for merchants, banks and ecosystem players. Its flagship product “UPI In a Box'' offers a highly reliable UPI stack which powers Amazon, Cred, Swiggy & others. It also offers On-Cloud UPI PSP which powers the UPI stack for banks like Axis Bank and Yes Bank. Juspay is also a strong contributor to improve the financial ecosystem for India. It was the key development contributor of BHIM App, GeM SAHAY (offers credit facility for Government eMarketplace) and BECKN protocol (community initiative to create open digital commerce networks).

Juspay intends to invest the funds in technology and product development to scale its business in payments and product adjacencies like credit - both in India and globally.