VC Fund Investments
B2B fintech Vegapay raises $5.5-M led by Elevation Capital
Gurugram-based Business-to-business (B2B)-focused fintech startup Vegapay has raised USD 5.5 million in an equity funding round led by Elevation Capital, with participation from existing investor Eximius Ventures. The new funds will be utilised to enhance Vegapay’s product suite, focusing on product development and regulatory compliance. Also, a significant portion of the funds will be allocated to enhancing its tech team.Vegapay had raised USD 1.1 million in its first institutional funding round in 2023 led by Eximius Ventures.
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