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India based provider of a full stack neo-banking platform and enterprise payments solutions raised a Series C round from Sodexo Benefits and Rewards Services (BRS), which valued the company at $300m. The amount of funding has not been announced, but is reported to be less than $60m.
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The new capital will be used to expand the company’s business in the United States, United Kingdom, Europe and Southeast Asia, [CEO and co-founder Bhavin] Turakhia and Ramki Gaddipati, the startup’s CTO and co-founder, told TechCrunch in an interview. It has already signed contracts with many partners to facilitate the expansion in the next six months.
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