Fintech infra co Hypto raises $3-M from Stellaris, 3one4 Capital, Core 91, others

Chennai-based fintech solutions provider Hypto has raised USD 3 million in a seed funding round led by Stellaris Venture Partners. 3one4 Capital and Core 91 also participated in the funding round along with angel investors such as Amrish Rau (CEO, Pine Labs) and Jitendra Gupta (CEO, Jupiter). Hypto provides companies with APIs that they can use to integrate financial products into their platform. The firm claims that its first stack that supports payment infrastructure has overseen transactions worth over USD 15 billion. It has open-sourced its connectivity layer to attract developers who want to build on the platform.