B2B banking infra platform Blostem raises funding led by Rainmatter for 9% stake

Delhi-based B2B (business-to-business) banking infrastructure platform Blostem has raised a pre-Series A funding round, led by Rainmatter (the investment arm backed by Zerodha), in return for a 9% stake in the startup.Founded by Ravi Jain, Sandeep Garg, Uday Sharma, and Pankaj Pratap Singh, Blostem provides a plug-and-play infrastructure layer that allows brokers, fintech apps, payment players, and wealth-tech platforms to offer retail digital banking products, including fixed deposits, FD-backed credit cards, and Credit-on-UPI, through a unified API.The newly raised capital will be deployed to expand distribution, strengthen partnerships with banks, develop new products, and hire senior talent across technology, compliance, and partnerships.