India based payments startup raised $21.6m in Series B funding led by Vostok Emerging Finance and Wellington Management.
“The next 10 years will see an exponential growth in digital transactions as software is eating the world, radically changing our everyday lives. The fin-tech infrastructure needs an overhaul and India is leading the way here with next-gen protocols like UPI, mandatory 2FA and measures to drastically reduce the cost of a transaction. JUSPAY is in the center of these innovations and this funding will help us invest in cutting edge R&D, to deepen our market presence in India and also take our inventions to the rest of the world. We are happy to have Vostok and Wellington with Accel support us in this journey.”