PE Fund Investments
Fintech startup Rupifi raises $25-M from Bessemer, Tiger Global, others
Bengaluru-based, B2B focused digital payments startup Rupifi has raised USD 25 million as a part of its first round of institutional funding led by Bessemer Venture Partners and Tiger Global. Existing Investors Quona Capital and Ankur Capital also participated in the round, along with Better Capital. Rupifi will use the funds to build a complete B2B checkout product for marketplaces as well as launch omnichannel mobile-first B2B payments solutions for merchants, distributors and sellers. The startup's technology platform aims to bring B2B marketplaces such as Flipkart Wholesale, Retailio and Fynd together with financial institutions to enable low-friction credit for their merchant partners at the point-of-sale stage. Its other product lines include a SME focused commercial card which provides SMEs flexibility to manage expenses without any cost for shorter periods. At present, Rupifi's solution covers more than 50,000 SME partners.
From the Venture Intelligence PE-VC Deal Database: Between Mar-21 and Dec-21 RupiFi raised $4-M from Trifecta Capital, Alteria Capital, Quona Capital, Ankur Capital, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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